SEK=X vs. FXB
SEK=X (USD/SEK) is a currency, while FXB (Invesco CurrencyShares® British Pound Sterling Trust) is Currency fund tracking the British Pound. Over the past 10 years, SEK=X returned 1.09%/yr vs 2.06%/yr for FXB. Their 0.62 correlation means they have sometimes moved together and sometimes differently.
Performance
SEK=X vs. FXB - Performance Comparison
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Different Trading Currencies
SEK=X is traded in SEK, while FXB is traded in USD. To make them comparable, the FXB values have been converted to SEK using the latest available exchange rates.
Returns By Period
In the year-to-date period, SEK=X achieves a 2.99% return, which is significantly lower than FXB's 4.19% return. Over the past 10 years, SEK=X has underperformed FXB with an annualized return of 1.09%, while FXB has yielded a comparatively higher 2.06% annualized return.
SEK=X
- 1D
- -0.16%
- 1M
- -1.59%
- 6M
- 6.49%
- YTD
- 2.99%
- 1Y
- -1.41%
- 3Y*
- -3.83%
- 5Y*
- 2.01%
- 10Y*
- 1.09%
- ALL TIME*
- 1.93%
FXB
- 1D
- -0.21%
- 1M
- -0.55%
- 6M
- 6.20%
- YTD
- 4.19%
- 1Y
- 2.30%
- 3Y*
- 0.84%
- 5Y*
- 3.40%
- 10Y*
- 2.06%
- ALL TIME*
- 0.44%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| SEK 36.49M | SEK 54.85M | SEK 42.41M | |
SEK=X USD/SEK | SEK 1.02M | SEK 1.16M | SEK 1.23M |
SEK=X vs. FXB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SEK=X USD/SEK | 2.99% | -16.67% | 9.76% | -3.15% | 15.14% | 9.98% | -12.27% | 5.56% | 8.40% | -9.92% |
FXB Invesco CurrencyShares® British Pound Sterling Trust | 4.19% | -8.02% | 11.24% | 5.16% | 3.10% | 8.29% | -9.75% | 9.64% | 2.17% | -1.73% |
Correlation
The correlation between SEK=X and FXB is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.63 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 19, 2007 | 0.62 |
The correlation between SEK=X and FXB shifts across timeframes, from 0.56 (10 years) to 0.68 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SEK=X vs. FXB — Risk / Return Rank
SEK=X
FXB
SEK=X vs. FXB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/SEK (SEK=X) and Invesco CurrencyShares® British Pound Sterling Trust (FXB). 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.
| SEK=X | FXB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.04 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 0.23 | -0.40 |
| Martin ratioReturn relative to average drawdown | -0.43 | 0.46 | -0.90 |
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Drawdowns
SEK=X vs. FXB - Drawdown Comparison
The maximum SEK=X drawdown since its inception was -35.46%, which is greater than FXB's maximum drawdown of -28.81%. Use the drawdown chart below to compare losses from any high point for SEK=X and FXB.
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Drawdown Indicators
| SEK=X | FXB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.46% | -28.81% | -6.65% |
Max Drawdown (1Y)Largest decline over 1 year | -9.36% | -5.53% | -3.83% |
Max Drawdown (3Y)Largest decline over 3 years | -22.12% | -11.16% | -10.96% |
Max Drawdown (5Y)Largest decline over 5 years | -22.91% | -11.16% | -11.75% |
Max Drawdown (10Y)Largest decline over 10 years | -22.91% | -13.26% | -9.65% |
Current DrawdownCurrent decline from peak | -16.35% | -5.09% | -11.26% |
Average DrawdownAverage peak-to-trough decline | -14.23% | -12.47% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.73% | +0.74% |
Volatility
SEK=X vs. FXB - Volatility Comparison
USD/SEK (SEK=X) has a higher volatility of 2.34% compared to Invesco CurrencyShares® British Pound Sterling Trust (FXB) at 1.58%. This indicates that SEK=X's price experiences larger fluctuations and is considered to be riskier than FXB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SEK=X | FXB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.34% | 1.58% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 4.62% | +3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.77% | 5.86% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.82% | 7.58% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.02% | 8.24% | +1.78% |
Frequently Asked Questions
SEK=X and FXB have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SEK=X has higher volatility (2.34%) compared to FXB (1.58%). In terms of maximum drawdown, SEK=X dropped -35.46% vs FXB's -28.81%.
FXB currently has the higher Sharpe Ratio (0.22 vs -0.16), 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.
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