Invesco CurrencyShares Euro Currency ETF (FXE) Performance
FXE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.1% since Dec 31, 2025
- 1 year
- −2.8% total return
- 5 years
- +0.1% a year
- 10 years
- +0.3% a year
- Since first price
- +0.0% a year since 2005
FXE trailing returns vs SPY, QQQ, AGG
| Period | FXE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.6% | −1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.4% | −1.6% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.7% | −4.2% | +7.8% | +8.4% | −1.5% |
| YTD | −4.1% | −4.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −2.8% | −3.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +9.4%+3.0%/yr | +4.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +0.6%+0.1%/yr | −4.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +3.0%+0.3%/yr | −2.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −21.2%−1.6%/yr | −25.3% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | −6.4%−0.3%/yr | −17.8% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionDec 12, 2005 | +0.0%+0.0%/yr | −13.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FXE vs SPY
From Dec 12, 2005: FXE grew to $10,005, SPY to $88,210.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FXE returns by calendar year
9 of 20 full years positive. Best 2025 (+14.5%), worst 2014 (−12.4%). 2026 is year to date.
FXE annual returns table
| Year | FXE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −4.1% | −6.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.5% | −3.7% | +17.7% | +20.8% | +7.2% |
| 2024 | −4.2% | −6.9% | +24.9% | +25.6% | +1.3% |
| 2023 | +4.9% | −6.4% | +26.2% | +54.9% | +5.7% |
| 2022 | −6.6% | −16.8% | −18.2% | −32.6% | −13.0% |
| 2021 | −7.8% | −9.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +7.9% | −6.9% | +18.3% | +48.6% | +7.5% |
| 2019 | −2.9% | −6.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −5.3% | −10.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +13.1% | −3.8% | +21.7% | +32.7% | +3.6% |
| 2016 | −3.9% | −10.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −10.7% | −12.8% | +1.2% | +9.4% | +0.5% |
| 2014 | −12.4% | −13.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +3.8% | −6.5% | +32.3% | +36.6% | −2.0% |
| 2012 | +1.6% | −10.5% | +16.0% | +18.1% | +3.8% |
| 2011 | −2.9% | −12.6% | +1.9% | +3.4% | +7.7% |
| 2010 | −6.9% | −18.0% | +15.1% | +19.9% | +6.4% |
| 2009 | +2.5% | −9.3% | +26.4% | +54.7% | +3.0% |
| 2008 | −1.2% | −20.8% | −36.8% | −41.7% | +7.9% |
| 2007 | +14.3% | −3.6% | +5.1% | +19.0% | +6.6% |
| 2006 | +14.0% | −3.5% | +15.8% | +7.1% | +3.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FXE largest drawdowns
Now 30.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 11, 2008 | −43.3% | Sep 27, 2022 | not yet | 14.2 years | 18.3 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FXE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2005 |
|---|---|---|---|---|
| Annualized return | +3.8% | +0.4% | +0.1% | +0.1% |
| Volatility (annualized) | 6.9% | 7.5% | 7.0% | 9.1% |
| Sharpe ratio | -0.06 | -0.39 | -0.28 | — |
| Sortino ratio | -0.09 | -0.53 | -0.39 | — |
| Best month | +4.8% | +5.2% | +5.2% | +10.1% |
| Worst month | −3.1% | −4.7% | −4.7% | −9.1% |
| Best 12 months | +15.3% | +15.3% | +15.3% | +22.2% |
| Worst 12 months | −4.2% | −16.2% | −16.2% | −22.3% |
| Positive months | 64% | 55% | 48% | 51% |
| Beta vs S&P 500 | 0.09 | 0.17 | 0.14 | — |
| Correlation with S&P 500 | 0.16 | 0.36 | 0.31 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FXE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 239 | −22.3% | −0.3% | +22.2% | 49% |
| 3-year (a year) | 215 | −9.1% | −1.3% | +8.8% | 32% |
| 5-year (a year) | 191 | −5.6% | −1.4% | +4.9% | 30% |
| 10-year (a year) | 131 | −3.5% | −2.0% | +0.8% | 14% |
Every holding period starting at a month-end since 2005. Returns for 3 years and longer are annualized.
FXE performance overview
Invesco CurrencyShares Euro Currency ETF (FXE) returned −2.8% over the past year and +0.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2005 it has returned +0.0% a year, turning $10,000 into about $10,005. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −43.3%, from Jul 11, 2008 to Sep 27, 2022; the fund has not yet regained that high. FXE finished 9 of its 20 full calendar years with a gain; the best year was 2025 (+14.5%) and the worst 2014 (−12.4%). Volatility has been 9.1% a year.
Related: FXE chart, FXE dividends. See the FXE overview for the latest quote and fund facts.
FXE performance FAQ
What is the FXE return over the past year?
FXE returned −2.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.6%.
What is the average annual return of FXE?
FXE has returned +0.1% a year over 5 years, +0.3% a year over 10 years, +0.0% a year since December 12, 2005 (total return, distributions reinvested).
How much would $10,000 invested in FXE be worth?
$10,000 invested in FXE at its first recorded close on December 12, 2005 would be worth about $10,005 on October 23, 2026 with distributions reinvested.
What was the worst year for FXE?
The worst calendar year was 2014, with a total return of −12.4%. The best was 2025 at +14.5%.
What is the biggest drawdown of FXE?
The largest peak-to-trough decline was −43.3% between July 11, 2008 and September 27, 2022. It has not yet recovered to that high; it is 30.2% below its peak.
How volatile is FXE?
Over the past 3 years FXE had an annualized volatility of 6.9% and a Sharpe ratio of -0.06 (excess return over 1–3 month T-bills per unit of risk).