FXY vs. FXE
Compare and contrast key facts about Invesco CurrencyShares® Japanese Yen Trust (FXY) and Invesco CurrencyShares® Euro Currency Trust (FXE).
FXY and FXE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXY is a passively managed fund by Invesco that tracks the performance of the Japanese Yen. It was launched on Feb 12, 2007. FXE is a passively managed fund by Invesco that tracks the performance of the Euro. It was launched on Dec 9, 2005. Both FXY and FXE 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: FXY or FXE.
Correlation
The correlation between FXY and FXE is 0.32, 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
FXY vs. FXE - Performance Comparison
Key characteristics
FXY:
0.72
FXE:
1.21
FXY:
1.21
FXE:
2.01
FXY:
1.14
FXE:
1.23
FXY:
0.15
FXE:
0.24
FXY:
1.39
FXE:
2.50
FXY:
5.92%
FXE:
3.63%
FXY:
11.45%
FXE:
7.54%
FXY:
-56.03%
FXE:
-43.33%
FXY:
-50.19%
FXE:
-29.93%
Returns By Period
The year-to-date returns for both stocks are quite close, with FXY having a 10.54% return and FXE slightly lower at 10.31%. Over the past 10 years, FXY has underperformed FXE with an annualized return of -2.24%, while FXE has yielded a comparatively higher 0.37% annualized return.
FXY
10.54%
4.58%
4.85%
8.20%
-6.01%
-2.24%
FXE
10.31%
4.47%
5.50%
8.82%
1.29%
0.37%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FXY vs. FXE - Expense Ratio Comparison
Both FXY and FXE have an expense ratio of 0.40%.
Risk-Adjusted Performance
FXY vs. FXE — Risk-Adjusted Performance Rank
FXY
FXE
FXY vs. FXE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Japanese Yen Trust (FXY) and Invesco CurrencyShares® Euro Currency Trust (FXE). 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.
Dividends
FXY vs. FXE - Dividend Comparison
FXY has not paid dividends to shareholders, while FXE's dividend yield for the trailing twelve months is around 1.77%.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
FXY Invesco CurrencyShares® Japanese Yen Trust | 0.00% | 0.00% | 0.00% | 0.00% |
FXE Invesco CurrencyShares® Euro Currency Trust | 1.77% | 2.29% | 1.49% | 0.02% |
Drawdowns
FXY vs. FXE - Drawdown Comparison
The maximum FXY drawdown since its inception was -56.03%, which is greater than FXE's maximum drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for FXY and FXE. For additional features, visit the drawdowns tool.
Volatility
FXY vs. FXE - Volatility Comparison
Invesco CurrencyShares® Japanese Yen Trust (FXY) has a higher volatility of 4.35% compared to Invesco CurrencyShares® Euro Currency Trust (FXE) at 3.44%. This indicates that FXY's price experiences larger fluctuations and is considered to be riskier than FXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.