FXE vs. TLT
Compare and contrast key facts about Invesco CurrencyShares® Euro Currency Trust (FXE) and iShares 20+ Year Treasury Bond ETF (TLT).
FXE and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXE is a passively managed fund by Invesco that tracks the performance of the Euro. It was launched on Dec 9, 2005. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both FXE and TLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXE or TLT.
Correlation
The correlation between FXE and TLT is 0.20, 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.
Performance
FXE vs. TLT - Performance Comparison
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Key characteristics
FXE:
0.81
TLT:
0.01
FXE:
1.41
TLT:
0.09
FXE:
1.16
TLT:
1.01
FXE:
0.18
TLT:
-0.00
FXE:
1.80
TLT:
-0.01
FXE:
3.65%
TLT:
7.81%
FXE:
7.82%
TLT:
14.43%
FXE:
-43.33%
TLT:
-48.35%
FXE:
-30.62%
TLT:
-42.09%
Returns By Period
In the year-to-date period, FXE achieves a 9.23% return, which is significantly higher than TLT's 1.08% return. Over the past 10 years, FXE has outperformed TLT with an annualized return of -0.28%, while TLT has yielded a comparatively lower -0.54% annualized return.
FXE
9.23%
0.51%
5.83%
6.34%
1.20%
-0.28%
TLT
1.08%
1.10%
-3.86%
0.64%
-9.36%
-0.54%
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FXE vs. TLT - Expense Ratio Comparison
FXE has a 0.40% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
FXE vs. TLT — Risk-Adjusted Performance Rank
FXE
TLT
FXE vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Euro Currency Trust (FXE) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
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Dividends
FXE vs. TLT - Dividend Comparison
FXE's dividend yield for the trailing twelve months is around 1.70%, less than TLT's 4.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXE Invesco CurrencyShares® Euro Currency Trust | 1.70% | 2.28% | 1.49% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 4.35% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
FXE vs. TLT - Drawdown Comparison
The maximum FXE drawdown since its inception was -43.33%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for FXE and TLT. For additional features, visit the drawdowns tool.
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Volatility
FXE vs. TLT - Volatility Comparison
The current volatility for Invesco CurrencyShares® Euro Currency Trust (FXE) is 3.78%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.67%. This indicates that FXE experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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