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ETFs

Invesco CurrencyShares British Pound Sterling Trust

FXB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 21 2006
Expense Ratio
0.40%
Type
Global Ex. US Currency
Fund Owner
Invesco
Volume (1m avg. daily)
$2,596,646
AUM
$94,459,836
Associated Index
British Pound
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

GBP
British Pound
100.00%
Invest with FXB

What is FXB?

The Invesco CurrencyShares British Pound Sterling Trust (the "trust") is designed to track the price of the British pound sterling, and trades under the ticker symbol FXB. The British pound sterling is the official currency of the United Kingdom (England, Wales, Scotland and Northern Ireland) and has been the currency of the accounts of the Bank of England since 1694. The Fund is rebalanced quarterly.

ETFs related toFXB

ETFs correlated to FXB include UDN, FXE, IGOV

FXB
Rydex Investments - Invesco CurrencyShares British Pound Sterling Trust
UDN
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bearish Fund -1x Shares
FXE
Rydex Investments - Invesco CurrencyShares Euro Trust
IGOV
BlackRock Institutional Trust Company N.A. - iShares International Treasury Bond ETF
IBND
SPDR Series Trust - SPDR Bloomberg International Corporate Bond ETF
BWX
SPDR Series Trust - SPDR Bloomberg International Treasury Bond ETF
FLGB
Franklin Templeton ETF Trust - Franklin FTSE United Kingdom ETF
JPIN
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return International Equity ETF
EWU
BlackRock Institutional Trust Company N.A. - iShares MSCI United Kingdom ETF
FXF
Rydex Investments - Invesco CurrencyShares Swiss Franc Trust
EFAV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Min Vol Factor ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFXB

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FXB using Composer

FAQ

FXB is a Global Ex. US Currency ETF. The Invesco CurrencyShares British Pound Sterling Trust (the "trust") is designed to track the price of the British pound sterling, and trades under the ticker symbol FXB. The British pound sterling is the official currency of the United Kingdom (England, Wales, Scotland and Northern Ireland) and has been the currency of the accounts of the Bank of England since 1694. The Fund is rebalanced quarterly.

FXB tracks the British Pound.

No, FXB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FXB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FXB is -0.0275%. This is the percent change in the value of FXB over the most recent 1-month period. The 3-month return on FXB is -0.032%. This is the percent change in the value of FXB over the most recent 3-month period.

The standard deviation of FXB for the past year is 0.1167%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FXB include FXC, CEW, and CYB.

ETFs correlated to FXB include UDN, FXE, and IGOV.

ETFs that are inversely correlated to FXB include UUP, USDU, and EUO.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.