FXE vs. EURUSD=X
Compare and contrast key facts about Invesco CurrencyShares® Euro Currency Trust (FXE) and EUR/USD (EURUSD=X).
FXE is a passively managed fund by Invesco that tracks the performance of the Euro. It was launched on Dec 9, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXE or EURUSD=X.
Correlation
The correlation between FXE and EURUSD=X is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FXE vs. EURUSD=X - Performance Comparison
Key characteristics
FXE:
-0.20
EURUSD=X:
-0.71
FXE:
-0.24
EURUSD=X:
-0.95
FXE:
0.97
EURUSD=X:
0.89
FXE:
-0.03
EURUSD=X:
-0.12
FXE:
-0.36
EURUSD=X:
-1.12
FXE:
3.50%
EURUSD=X:
3.99%
FXE:
6.42%
EURUSD=X:
6.21%
FXE:
-43.33%
EURUSD=X:
-39.99%
FXE:
-35.70%
EURUSD=X:
-34.59%
Returns By Period
In the year-to-date period, FXE achieves a 1.23% return, which is significantly higher than EURUSD=X's 1.00% return. Over the past 10 years, FXE has underperformed EURUSD=X with an annualized return of -1.04%, while EURUSD=X has yielded a comparatively higher -0.78% annualized return.
FXE
1.23%
0.60%
-5.74%
-1.40%
-0.43%
-1.04%
EURUSD=X
1.00%
0.47%
-6.56%
-3.39%
-0.70%
-0.78%
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Risk-Adjusted Performance
FXE vs. EURUSD=X — Risk-Adjusted Performance Rank
FXE
EURUSD=X
FXE vs. EURUSD=X - Risk-Adjusted Performance Comparison
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.
Drawdowns
FXE vs. EURUSD=X - Drawdown Comparison
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.
Volatility
FXE vs. EURUSD=X - Volatility Comparison
Invesco CurrencyShares® Euro Currency Trust (FXE) has a higher volatility of 2.03% compared to EUR/USD (EURUSD=X) at 1.78%. 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.