FXB vs. FXY
Compare and contrast key facts about Invesco CurrencyShares® British Pound Sterling Trust (FXB) and Invesco CurrencyShares® Japanese Yen Trust (FXY).
FXB and FXY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXB is a passively managed fund by Invesco that tracks the performance of the British Pound. It was launched on Jun 26, 2006. FXY is a passively managed fund by Invesco that tracks the performance of the Japanese Yen. It was launched on Feb 12, 2007. Both FXB and FXY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FXB vs. FXY - Performance Comparison
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FXB vs. FXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | -1.34% | 10.37% | 1.35% | 8.58% | -10.45% | -1.54% | 2.87% | 3.87% | -5.75% | 9.10% |
FXY Invesco CurrencyShares® Japanese Yen Trust | -1.35% | 0.09% | -10.93% | -7.44% | -12.75% | -10.90% | 4.61% | 0.37% | 2.31% | 3.17% |
Returns By Period
The year-to-date returns for both stocks are quite close, with FXB having a -1.34% return and FXY slightly lower at -1.35%. Over the past 10 years, FXB has outperformed FXY with an annualized return of 0.03%, while FXY has yielded a comparatively lower -3.96% annualized return.
FXB
- 1D
- 0.37%
- 1M
- -1.66%
- YTD
- -1.34%
- 6M
- -0.54%
- 1Y
- 4.79%
- 3Y*
- 5.27%
- 5Y*
- 0.89%
- 10Y*
- 0.03%
FXY
- 1D
- 0.64%
- 1M
- -1.61%
- YTD
- -1.35%
- 6M
- -6.96%
- 1Y
- -5.89%
- 3Y*
- -6.20%
- 5Y*
- -7.45%
- 10Y*
- -3.96%
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FXB vs. FXY - Expense Ratio Comparison
Both FXB and FXY have an expense ratio of 0.40%.
Return for Risk
FXB vs. FXY — Risk / Return Rank
FXB
FXY
FXB vs. FXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® British Pound Sterling Trust (FXB) and Invesco CurrencyShares® Japanese Yen Trust (FXY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| FXB | FXY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | -0.58 | +1.24 |
Sortino ratioReturn per unit of downside risk | 1.01 | -0.78 | +1.78 |
Omega ratioGain probability vs. loss probability | 1.12 | 0.91 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.02 | -0.48 | +1.50 |
Martin ratioReturn relative to average drawdown | 2.31 | -0.80 | +3.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXB | FXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | -0.58 | +1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | -0.73 | +0.84 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.00 | -0.42 | +0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.18 | +0.10 |
Correlation
The correlation between FXB and FXY is 0.23, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
FXB vs. FXY - Dividend Comparison
FXB's dividend yield for the trailing twelve months is around 2.36%, while FXY has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | 2.36% | 2.44% | 3.25% | 2.59% | 0.29% |
FXY Invesco CurrencyShares® Japanese Yen Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXB vs. FXY - Drawdown Comparison
The maximum FXB drawdown since its inception was -48.99%, smaller than the maximum FXY drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for FXB and FXY.
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Drawdown Indicators
| FXB | FXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.99% | -56.03% | +7.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -12.45% | +7.92% |
Max Drawdown (5Y)Largest decline over 5 years | -24.94% | -34.49% | +9.55% |
Max Drawdown (10Y)Largest decline over 10 years | -29.30% | -40.84% | +11.54% |
Current DrawdownCurrent decline from peak | -30.77% | -55.51% | +24.74% |
Average DrawdownAverage peak-to-trough decline | -27.52% | -27.48% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 7.46% | -5.46% |
Volatility
FXB vs. FXY - Volatility Comparison
Invesco CurrencyShares® British Pound Sterling Trust (FXB) has a higher volatility of 2.46% compared to Invesco CurrencyShares® Japanese Yen Trust (FXY) at 2.33%. This indicates that FXB's price experiences larger fluctuations and is considered to be riskier than FXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXB | FXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.46% | 2.33% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.70% | 6.09% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.20% | 10.25% | -3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.50% | 10.20% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.33% | 9.47% | -0.14% |