FXE vs. IDMO
FXE (Invesco CurrencyShares® Euro Currency Trust) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - FXE is a Currency fund tracking the Euro, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. Over the past 10 years, FXE returned 0.35%/yr vs 12.40%/yr for IDMO. At a 0.27 correlation, their price movements are largely independent. FXE charges 0.40%/yr vs 0.25%/yr for IDMO.
Performance
FXE vs. IDMO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FXE achieves a -2.20% return, which is significantly lower than IDMO's 7.56% return. Over the past 10 years, FXE has underperformed IDMO with an annualized return of 0.35%, while IDMO has yielded a comparatively higher 12.40% annualized return.
FXE
- 1D
- 0.04%
- 1M
- -0.35%
- 6M
- -0.97%
- YTD
- -2.20%
- 1Y
- -0.59%
- 3Y*
- 2.14%
- 5Y*
- 0.17%
- 10Y*
- 0.35%
IDMO
- 1D
- -0.66%
- 1M
- -2.44%
- 6M
- 4.42%
- YTD
- 7.56%
- 1Y
- 20.05%
- 3Y*
- 24.23%
- 5Y*
- 15.34%
- 10Y*
- 12.40%
FXE vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXE Invesco CurrencyShares® Euro Currency Trust | -2.20% | 14.52% | -4.18% | 4.87% | -6.57% | -7.83% | 7.94% | -2.90% | -5.30% | 13.05% |
IDMO Invesco S&P International Developed Momentum ETF | 7.56% | 42.17% | 12.79% | 20.16% | -12.03% | 14.31% | 22.01% | 26.09% | -16.66% | 29.21% |
Correlation
The correlation between FXE and IDMO is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | 0.27 |
Over the past year, FXE and IDMO have become more correlated (0.49) than their long-term average of 0.27, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FXE vs. IDMO — Risk / Return Rank
FXE
IDMO
FXE vs. IDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Euro Currency Trust (FXE) and Invesco S&P International Developed Momentum ETF (IDMO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FXE | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.20 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.64 | -1.75 |
| Martin ratioReturn relative to average drawdown | -0.23 | 6.39 | -6.62 |
Loading charts...
Drawdowns
FXE vs. IDMO - Drawdown Comparison
The maximum FXE drawdown since its inception was -43.33%, which is greater than IDMO's maximum drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for FXE and IDMO.
Loading charts...
Drawdown Indicators
| FXE | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.33% | -39.38% | -3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -5.40% | -12.31% | +6.91% |
Max Drawdown (3Y)Largest decline over 3 years | -8.12% | -12.65% | +4.53% |
Max Drawdown (5Y)Largest decline over 5 years | -20.21% | -27.07% | +6.86% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | -31.34% | +4.88% |
Current DrawdownCurrent decline from peak | -28.87% | -4.56% | -24.31% |
Average DrawdownAverage peak-to-trough decline | -22.34% | -9.70% | -12.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 3.14% | -0.56% |
Volatility
FXE vs. IDMO - Volatility Comparison
The current volatility for Invesco CurrencyShares® Euro Currency Trust (FXE) is 1.58%, while Invesco S&P International Developed Momentum ETF (IDMO) has a volatility of 5.90%. This indicates that FXE experiences smaller price fluctuations and is considered to be less risky than IDMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FXE | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.58% | 5.90% | -4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 4.47% | 16.88% | -12.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 18.54% | -12.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.65% | 18.13% | -10.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.26% | 17.89% | -10.63% |
FXE vs. IDMO - Expense Ratio Comparison
FXE has a 0.40% expense ratio, which is higher than IDMO's 0.25% expense ratio.
Dividends
FXE vs. IDMO - Dividend Comparison
FXE's dividend yield for the trailing twelve months is around 0.75%, less than IDMO's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXE Invesco CurrencyShares® Euro Currency Trust | 0.75% | 0.94% | 2.28% | 1.49% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDMO Invesco S&P International Developed Momentum ETF | 3.72% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
Frequently Asked Questions
FXE and IDMO have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDMO has higher volatility (5.90%) compared to FXE (1.58%). In terms of maximum drawdown, FXE dropped -43.33% vs IDMO's -39.38%.
On 10-year performance, IDMO leads with 12.40% vs 0.35% for FXE. On fees, IDMO is cheaper at 0.25% per year. On volatility, FXE has been the lower-risk option at 1.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IDMO has performed better with a 12.40% return vs 0.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IDMO is cheaper with a 0.25% expense ratio, compared with 0.40% for FXE.
IDMO has the higher dividend yield at 3.72%, compared with 0.75% for FXE.
FXE is categorized as Currency, while IDMO is Momentum. FXE tracks Euro, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Their fees differ too: 0.40% for FXE and 0.25% for IDMO.
IDMO currently has the higher Sharpe Ratio (1.09 vs -0.10), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FXE and IDMO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer