FXE vs. EURUSD=X

In the year-to-date period, FXE achieves a 9.23% return, which is significantly higher than EURUSD=X's 8.63% return. Over the past 10 years, FXE has underperformed EURUSD=X with an annualized return of -0.28%, while EURUSD=X has yielded a comparatively higher -0.14% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Euro Currency Trust (FXE) and EUR/USD (EURUSD=X). 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.

The current FXE Sharpe Ratio is 0.81, which is comparable to the EURUSD=X Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of FXE and EURUSD=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum FXE drawdown since its inception was -43.33%, which is greater than EURUSD=X's maximum drawdown of -39.99%. Use the drawdown chart below to compare losses from any high point for FXE and EURUSD=X. For additional features, visit the drawdowns tool.

Invesco CurrencyShares® Euro Currency Trust (FXE) has a higher volatility of 3.78% compared to EUR/USD (EURUSD=X) at 3.59%. This indicates that FXE's price experiences larger fluctuations and is considered to be riskier than EURUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.