FXE vs. USDU
Compare and contrast key facts about Invesco CurrencyShares® Euro Currency Trust (FXE) and WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU).
FXE and USDU 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. USDU is an actively managed fund by WisdomTree. It was launched on Dec 18, 2013.
Performance
FXE vs. USDU - Performance Comparison
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FXE vs. USDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXE Invesco CurrencyShares® Euro Currency Trust | -1.28% | 14.52% | -4.18% | 4.87% | -6.57% | -7.83% | 7.94% | -2.90% | -5.30% | 13.05% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 1.86% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
Returns By Period
In the year-to-date period, FXE achieves a -1.28% return, which is significantly lower than USDU's 1.86% return. Over the past 10 years, FXE has underperformed USDU with an annualized return of 0.09%, while USDU has yielded a comparatively higher 2.70% annualized return.
FXE
- 1D
- 0.17%
- 1M
- -0.91%
- YTD
- -1.28%
- 6M
- -0.93%
- 1Y
- 8.11%
- 3Y*
- 3.81%
- 5Y*
- 0.34%
- 10Y*
- 0.09%
USDU
- 1D
- -0.19%
- 1M
- 1.66%
- YTD
- 1.86%
- 6M
- 3.49%
- 1Y
- 0.52%
- 3Y*
- 5.21%
- 5Y*
- 4.91%
- 10Y*
- 2.70%
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FXE vs. USDU - Expense Ratio Comparison
FXE has a 0.40% expense ratio, which is lower than USDU's 0.51% expense ratio.
Return for Risk
FXE vs. USDU — Risk / Return Rank
FXE
USDU
FXE vs. USDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Euro Currency Trust (FXE) and WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU). 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.
| FXE | USDU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.08 | +0.99 |
Sortino ratioReturn per unit of downside risk | 1.71 | 0.16 | +1.55 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.02 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 0.02 | +1.54 |
Martin ratioReturn relative to average drawdown | 4.16 | 0.04 | +4.12 |
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
| FXE | USDU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.08 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.74 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.01 | 0.36 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.44 | -0.43 |
Correlation
The correlation between FXE and USDU is -0.78. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
FXE vs. USDU - Dividend Comparison
FXE's dividend yield for the trailing twelve months is around 0.77%, less than USDU's 3.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXE Invesco CurrencyShares® Euro Currency Trust | 0.77% | 0.94% | 2.28% | 1.49% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.76% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
Drawdowns
FXE vs. USDU - Drawdown Comparison
The maximum FXE drawdown since its inception was -43.33%, which is greater than USDU's maximum drawdown of -14.54%. Use the drawdown chart below to compare losses from any high point for FXE and USDU.
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Drawdown Indicators
| FXE | USDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.33% | -14.54% | -28.79% |
Max Drawdown (1Y)Largest decline over 1 year | -5.02% | -5.36% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -22.70% | -9.28% | -13.42% |
Max Drawdown (10Y)Largest decline over 10 years | -26.46% | -14.54% | -11.92% |
Current DrawdownCurrent decline from peak | -28.19% | -2.29% | -25.90% |
Average DrawdownAverage peak-to-trough decline | -22.26% | -4.74% | -17.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 2.86% | -0.97% |
Volatility
FXE vs. USDU - Volatility Comparison
Invesco CurrencyShares® Euro Currency Trust (FXE) has a higher volatility of 2.19% compared to WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) at 1.85%. This indicates that FXE's price experiences larger fluctuations and is considered to be riskier than USDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXE | USDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.19% | 1.85% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 4.24% | 4.20% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.65% | 6.86% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 6.65% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.37% | 7.49% | -0.12% |