Invesco CurrencyShares® Euro Currency Trust

10-Year Study

FXE.US · · US · ETF

Executive Summary: Invesco CurrencyShares® Euro Currency Trust has compounded at 0.5% annually over the last 10 years, with a maximum drawdown of 24.4% and an annualized volatility of 12.3%.

1Y CAGR
+4.7%
3Y CAGR
+5.0%
5Y CAGR
+0.0%
10Y CAGR
+0.5%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
24.4%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.58
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-1.09
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
6.9%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2025 · +14.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2021 · -7.8%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
50%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20261.0-0.4-2.22.0————————0.4%
20250.30.14.34.80.33.8-3.12.60.4-1.80.71.314.5%
2024-1.90.20.0-0.91.9-1.11.32.40.8-2.1-2.7-1.9-4.2%
20231.6-2.62.71.7-2.92.30.9-1.2-2.40.33.11.64.9%
2022-1.3-0.3-1.4-4.71.6-2.5-2.5-1.8-2.50.95.22.9-6.6%
2021-0.8-0.6-2.92.51.3-2.8-0.0-0.5-2.0-0.3-2.00.2-7.8%
2020-1.2-0.5-0.2-0.71.21.24.81.2-1.8-0.82.42.37.9%
2019-0.2-0.7-1.4-0.1-0.41.7-2.8-0.7-0.92.2-1.31.7-2.9%
20183.4-1.80.8-1.9-3.3-0.20.0-0.8-0.0-2.5-0.11.1-5.3%
20172.5-1.90.62.03.11.63.60.5-0.8-1.52.10.813.1%
2016———0.6-2.9-0.40.7-0.30.6-2.4-3.5-0.7-8.0%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 12.3%. The dominant macroeconomic risk driver is SHV.US, accounting for 57.0% of variance. Idiosyncratic stock-specific factors contribute 0.7%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-0110059.365446817512
2016-05-019767.04160301812
2016-06-019729.267882802336
2016-07-019800.321374015533
2016-08-019772.441894935999
2016-09-019835.404389342166
2016-10-019601.549090730568
2016-11-019262.454187208861
2016-12-019197.69788954326
2017-01-019427.059238936485
2017-02-019244.468949265578
2017-03-019301.13425012415
2017-04-019490.918634972368
2017-05-019783.233037701968
2017-06-019937.037505593835
2017-07-0110294.117647058825
2017-08-0110346.28899869902
2017-09-0110262.641120390634
2017-10-0110107.930309799265
2017-11-0110319.306421249206
2017-12-0110398.450909269432
2018-01-0110755.531050734422
2018-02-0110560.355815038114
2018-03-0110643.106791716784
2018-04-0110437.130972184721
2018-05-0110095.34536377386
2018-06-0110079.153929090015
2018-07-0110082.75097667867
2018-08-0110002.700145958941
2018-09-019998.206196740566
2018-10-019750.85960940406
2018-11-019738.265222308872
2018-12-019847.092433737853
2019-01-019831.807341753509
2019-02-019764.350898128969
2019-03-019625.831522221446
2019-04-019614.14347782576
2019-05-019573.669611651036
2019-06-019738.265222308872
2019-07-019468.430006740924
2019-08-019399.170318787163
2019-09-019314.625538849059
2019-10-019522.395161640557
2019-11-019400.076661486666
2019-12-019561.075224555847
2020-01-019447.744622838703
2020-02-019399.170318787163
2020-03-019381.185080843881
2020-04-019312.831735589623
2020-05-019424.359092977544
2020-06-019533.186304406525
2020-07-019989.20885723403
2020-08-0110111.527357387922
2020-09-019927.143264457583
2020-10-019852.49272565573
2020-11-0110085.451122637609
2020-12-0110320.203322878922
2021-01-0110241.955736488413
2021-02-0110176.293096123307
2021-03-019882.175449064485
2021-04-0110125.924988812334
2021-05-0110258.137730102475
2021-06-019966.720229002589
2021-07-019964.020083043652
2021-08-019910.054928144018
2021-09-019711.282644859055
2021-10-019681.5999214503
2021-11-019489.115390643145
2021-12-019512.500920504306
2022-01-019389.276077650911
2022-02-019359.602795311943
2022-03-019227.276761184365
2022-04-018792.052885096517
2022-05-018935.96311185213
2022-06-018716.49600359516
2022-07-018494.338190449036
2022-08-018345.027671775544
2022-09-018134.557903025108
2022-10-018206.508295868023
2022-11-018636.44517287543
2022-12-018887.860861289915
2023-01-019027.99466013093
2023-02-018789.437708765656
2023-03-019025.332278451137
2023-04-019180.213028298662
2023-05-018911.09533403449
2023-06-019112.79434895327
2023-07-019196.989809309272
2023-08-019088.870678114277
2023-09-018873.283849539559
2023-10-018898.888030800546
2023-11-019172.962286702632
2023-12-019320.2618575116
2024-01-019141.060911894048
2024-02-019157.375080485119
2024-03-019160.594485282318
2024-04-019080.364274236643
2024-05-019249.982534020895
2024-06-019145.422686135411
2024-07-019260.178889390316
2024-08-019478.229837179311
2024-09-019558.167375061603
2024-10-019354.580146185524
2024-11-019099.567410182382
2024-12-018930.468409236388
2025-01-018958.7821775261
2025-02-018971.310477132785
2025-03-019361.047278989277
2025-04-019814.161982322543
2025-05-019845.298630478417
2025-06-0110221.260911516407
2025-07-019900.661063706451
2025-08-0110159.251965158675
2025-09-0110200.651056172479
2025-10-0110018.306234316024
2025-11-0110092.2392518141
2025-12-0110226.878348039374
2026-01-0110328.879666012715
2026-02-0110291.993406356863
2026-03-0110066.540659855249
2026-04-0110265.27517886107
Annual Return Matrix
YearAnnual Return
20170.13054929985157382
2018-0.05302313588268093
2019-0.029045854002757387
20200.07939777488345645
2021-0.07826419471639845
2022-0.0656651772687844
20230.04865073868392322
2024-0.041822156312170455
20250.14516707068379153
20260.0037545015707609597
Total Factor Risk
0.12251051762193482
VTI.US Exposure
0.006504405549155899
VEA.US Exposure
0.01082174856404027
VWO.US Exposure
0.0027211760891157023
QQQ.US Exposure
0.003949462451271795
VTV.US Exposure
-0.000041889871403165234
IJR.US Exposure
-0.005880393643383665
QUAL.US Exposure
-0.00878431819768873
SHV.US Exposure
0.5703483219093719
TLT.US Exposure
0.0005519492357074596
LQD.US Exposure
-0.012139355305170225
HYG.US Exposure
0.010133609345322312
GLD.US Exposure
0.0019571957689798296
USO.US Exposure
-0.00023430094860860421
VNQ.US Exposure
0.002087394245038133
BTC-USD.CC Exposure
-0.0002725748438899417
CPER.US Exposure
0.0013826781589876764
VIX.INDX Exposure
0.000056154850796545396
UUP.US Exposure
0.4125997269062043
TIP.US Exposure
-0.0022967229537910585
Idiosyncratic Exposure
0.006535732689943692
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
9.8
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
12.3%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.82%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$12
Avg Yield on Cost
0.12%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$12.430.12%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.9%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.1%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
2.1% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
8.90
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Invesco CurrencyShares® Euro Currency Trust a high-risk investment?

Invesco CurrencyShares® Euro Currency Trust (FXE.US) has an annualized volatility of 12.3% and experienced a maximum drawdown of 24.4% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of FXE.US?

Over the past 10 years, FXE.US has generated a Compound Annual Growth Rate (CAGR) of 0.5%. It has had a positive return in 50% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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