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FXE · Invesco CurrencyShares Euro Trust

Over the last 15 years (2011-10 to 2026-10), $10,000 invested in FXE with dividends reinvested grew to $8,166, -1.33% a year, with a worst peak-to-trough fall of -34.38%. Past performance doesn't predict future results.

Growth of $10,000 · 2011-10 to 2026-10 · dividends reinvested

CAGR (annualized return)
-1.33%
Volatility (annualized)
7.45%
Worst drawdown
-34.38%
Sharpe ratio
-0.37

How FXE held up in past market crashes

FXE has been through 4 of the market crashes since 2000 in our data. Its deepest price fall was 22.0% in the 2008 financial crisis, when the S&P 500 fell 56.5%. Its price had not yet regained that high by the latest close (price only, not counting the dividends or interest it paid). No fund is safe from losses; past falls do not predict future ones.

Deepest price fall and recovery time of FXE in each market crash, next to the S&P 500
CrashFXE deepest fallS&P 500 (SPY)Peak to bottomBack to peak
2008 financial crisis-22.0%-56.5%Apr 2008 to Nov 2008Not yet
2018 fourth-quarter selloff-4.7%-20.2%Sep 2018 to Nov 20182.1 years
2020 COVID crash-6.9%-34.1%Mar 2020 to Mar 20204 months
2022 bear market-16.8%-25.4%Jan 2022 to Sep 20222.7 years

Price declines in the fund's listing currency, dividends not included, inside each crash's S&P 500 peak-to-bottom window. See how 50 popular ETFs compare in the crash study.

About FXE

Invesco CurrencyShares Euro Trust is a currency-focused exchange-traded product that seeks to reflect the U.S. dollar value of the euro. The trust holds euro-denominated deposits, giving market participants direct exposure to movements in the EUR/USD exchange rate without using futures or other derivatives.

Fund description from our market-data provider.

Put FXE to the test

Every tool below opens prefilled with FXE: free, no account needed.

Educational use only, not investment advice. Results are hypothetical.Read full disclaimer

This tool is for educational and informational purposes only and does not provide financial, investment, tax, legal, or accounting advice. Results are hypothetical and based on historical data and assumptions that may be inaccurate. Past performance does not guarantee future results. Consult a licensed professional before making investment decisions.