ETF Evaluator:
Invesco CurrencyShares® Euro Currency ()
Follow This ETF
(as of Aug 26)
Best Performing in Single Currency Over the Last Year
| 18.9% | Simplify Currency Strategy ETF (FOXY) |
| 10.4% | Invesco CcyShrs® Australian Dllr Trust (FXA) |
| 3.9% | Invesco CcyShrs® British Pound Stlg (FXB) |
| 3.9% | Single Currency () |
| 1.3% | Invesco CurrencyShares® Euro Currency (FXE) |
Risk
Index
Risk
Index
ETF Details
Invesco CurrencyShares® Euro Currency Overview
Invesco CurrencyShares® Euro Currency (FXE) is a passively managed Miscellaneous Single Currency exchange-traded fund (ETF). Invesco launched the ETF in 2005.
The investment seeks to reflect the price in USD of the Euro. The Shares are intended to provide institutional and retail investors with a simple, cost-effective means of gaining investment benefits similar to those of holding euro.
About Invesco CurrencyShares® Euro Currency (FXE)
There are 1 members of the management team with an average tenure of 20.65 years: Management Team (2005). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: EuroWM/Reuters €Closing Spot Rate TR USD index with a weighting of 100%. Invesco CurrencyShares® Euro Currency has 2 securities in its portfolio. The top 10 holdings constitute 0.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco CurrencyShares® Euro Currency is part of the Other global asset class and is within the Miscellaneous ETF group. Invesco CurrencyShares® Euro Currency has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco CurrencyShares® Euro Currency has 100.0% of the portfolio in cash.
Assets Under Management
The fund has $345 million in total assets, which is above the $253 million average for the Single Currency category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FXE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco CurrencyShares® Euro Currency expense ratio is average compared to funds in the Single Currency category. Invesco CurrencyShares® Euro Currency has an expense ratio of 0.40%, which is 13% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco CurrencyShares® Euro Currency has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 0% for the Single Currency category.
Recently, in the month of July 2026, Invesco CurrencyShares® Euro Currency returned 0.7%, which earned it a grade of D, as the Single Currency category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco CurrencyShares® Euro Currency has a trailing yield of 0.74%, which is below the 1.86% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco CurrencyShares® Euro Currency Grades
Year to date, the ETF has returned -1.6%, 2.9 percentage points worse than the category, which translates into a grade of C. The fund has returned 1.3% over the past year (grade of C), 2.9% over the past three years (grade of B) and 0.2% per year over the past five years (grade of C) and 0.3% per year over the past 10 years (grade of C).
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Invesco CurrencyShares® Euro Currency, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
FXE Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FXE Return (NAV) | 0.7% | -1.7% | 1.3% | 2.9% | 0.2% | 0.3% |
| FXE Return (Price) | 1.1% | -1.5% | 1.9% | 3.1% | 0.2% | 0.3% |
| NAV +/- Price Return | -0.342% | -0.241% | -0.577% | -0.176% | -0.038% | -0.026% |
| Single Currency Avg | 0.3% | -1.8% | 3.9% | 1.2% | -1.0% | -0.5% |
| FXE Grade (NAV) | D | C | C | B | C | C |
| +/- Category (NAV) | 0.4% | 0.0% | -2.6% | 1.8% | 1.2% | 0.8% |
| FXE Tax-Cost Ratio | na | na | 0.3% | 0.6% | 0.4% | 0.2% |
FXE Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FXE Return (NAV) | -1.6% | 14.5% | -4.2% | 5.3% | -6.8% | -8.0% | 8.0% | -2.6% | -5.6% | 12.9% | -3.7% |
| FXE Return (Price) | -1.4% | 14.5% | -4.2% | 4.9% | -6.6% | -7.8% | 7.9% | -2.9% | -5.3% | 13.1% | -3.9% |
| NAV +/- Price Ret | -0.126% | 0.003% | -0.013% | -0.077% | -0.038% | -0.022% | -0.008% | 11.1% | -4.8% | 1.0% | 6.2% |
| Single Currency Avg | 1.3% | 8.8% | -5.8% | 3.9% | -7.8% | -5.0% | 5.8% | 1.5% | -4.8% | 7.3% | -2.7% |
| FXE Grade (NAV) | C | A | B | C | C | F | C | F | C | A | F |
| +/- Category | -2.9% | 5.7% | 1.6% | 1.3% | 1.0% | -3.0% | 2.2% | -4.1% | -0.8% | 5.6% | -0.9% |
| Risk Measures | |
| Beta: | 11.77 |
| R-Squared: | 3% |
| Standard Deviation: | 6.9% |
| Category Risk Index: | 0.86 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.56 |
| Total Risk Rating: | Below Average |
| Portfolio Characteristics | |
| Yield: | 0.7% |
| Total Assets: | $ 345 Mil |
| Share Class Assets: | $ 345 Mil |
| Turnover: | 0.0% |
| Expense Ratio: | 0.40% |
| Index Fund: | Yes |
| Index Tracked: | EuroWM/Reuters €Closing Spot Rate TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 20.7 years | |||
| Average Tenure: 20.7 years | |||
| Managers (Year): Team Management (2005) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 2 |
| % in Top 10 Holdings: | 0.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 100.0% |
Purchase Information
| Legal Structure: | Grantor Trust |
| Fund Family: | Invesco |
| Phone Number: | 800-820-0888 |
| Website: | www.currencyshares.com |
| Inception Date: | December 9, 2005 |
Expenses and Fees
| Expense Ratio (%): | 0.40% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.46% |
