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ETFs

Invesco CurrencyShares Euro Currency Trust

FXE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Dec 09 2005
Expense Ratio
0.40%
Type
Global Ex. US Currency
Fund Owner
Invesco
Volume (1m avg. daily)
$9,222,677
AUM
$283,376,888
Associated Index
Euro
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Euro
100.00%
Invest with FXE

What is FXE?

The Invesco CurrencyShares Euro Trust (the "trust") is designed to track the price of the euro, and trades under the ticker symbol FXE. The euro is the currency of 19 European Union countries. The Fund is rebalanced quarterly.

ETFs related toFXE

ETFs correlated to FXE include UDN, IBND, FXF

FXE
Rydex Investments - Invesco CurrencyShares Euro Trust
UDN
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bearish Fund -1x Shares
IBND
SPDR Series Trust - SPDR Bloomberg International Corporate Bond ETF
FXF
Rydex Investments - Invesco CurrencyShares Swiss Franc Trust
LEMB
BlackRock Institutional Trust Company N.A. - iShares J.P. Morgan EM Local Currency Bond ETF
IGOV
BlackRock Institutional Trust Company N.A. - iShares International Treasury Bond ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
EMLC
VanEck ETF Trust - VanEck J.P. Morgan EM Local Currency Bond ETF
JIRE
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan International Research Enhanced Equity ETF
EWG
BlackRock Institutional Trust Company N.A. - iShares MSCI Germany ETF
IEUR
BlackRock Institutional Trust Company N.A. - iShares Core MSCI Europe 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 toFXE

#DRAGON

Dragon Portfolio

Category

Go Global

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FXE using Composer

FAQ

FXE is a Global Ex. US Currency ETF. The Invesco CurrencyShares Euro Trust (the "trust") is designed to track the price of the euro, and trades under the ticker symbol FXE. The euro is the currency of 19 European Union countries. The Fund is rebalanced quarterly.

FXE tracks the Euro.

No, FXE 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, FXE 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 FXE is 0.022%. This is the percent change in the value of FXE over the most recent 1-month period. The 3-month return on FXE is 0.0262%. This is the percent change in the value of FXE over the most recent 3-month period.

The standard deviation of FXE for the past year is 0.1012%. 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 FXE include FXB, CYB, and FXA.

ETFs correlated to FXE include UDN, IBND, and FXF.

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

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.