FXE vs SDS

Comparison between Invesco CurrencyShares Euro Trust (FXE, ETF) and ProShares UltraShort S&P500 -2x Shares (SDS, ETF).

5-Year PerformanceFXE has outperformed SDS, delivering a return of -0.4% compared to -21.3%

FXE vs SDS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FXE(ETF)	SDS(ETF)
Net Assets	$443M	$443M
Expense Ratio	0.40%	N/A
Max Drawdown	44.67%	99.89%
Sharpe Ratio	-0.28	-1.61
5Y Beta	-0.01	-1.91
5Y Dividends CAGR	N/A	9.31%

Net Assets

FXE

$443M

SDS

$443M

Expense Ratio

FXE

0.40%

SDS

N/A

Max Drawdown

Winner

FXE

44.67%

SDS

99.89%

Sharpe Ratio

Winner

FXE

-0.28

SDS

-1.61

5Y Beta

FXE

-0.01

Winner

SDS

-1.91

5Y Dividends CAGR

FXE

N/A

SDS

9.31%

FXE vs SDS - Historical Returns

Returns include dividend reinvestment.

Period	FXE	SDS
1 month	-1.41%	-3.21%
3 months	-0.55%	-14.30%
6 months	-0.69%	-12.35%
1 year	+1.44%	-32.38%
5 years(CAGR)	-0.35%	-21.29%
10 years(CAGR)	+0.09%	-27.33%
Max(CAGR)	+0.12%	-25.09%

Winner

FXE

-1.41%

SDS

-3.21%

Winner

FXE

-0.55%

SDS

-14.30%

Winner

FXE

-0.69%

SDS

-12.35%

Winner

FXE

+1.44%

SDS

-32.38%

5Y(CAGR)

Winner

FXE

-0.35%

SDS

-21.29%

10Y(CAGR)

Winner

FXE

+0.09%

SDS

-27.33%

Max(CAGR)

Winner

FXE

+0.12%

SDS

-25.09%

FXE vs SDS - Annual Returns (2005 - 2026)

Returns include dividend reinvestment.

Year	FXE	SDS
2026	-1.36%	-13.03%
2025	+15.55%	-27.18%
2024	-3.36%	-30.24%
2023	+6.37%	-32.17%
2022	-5.88%	+32.17%
2021	-8.08%	-44.54%
2020	+8.40%	-48.99%
2019	-1.97%	-41.12%
2018	-5.78%	+7.54%
2017	+14.54%	-30.97%
2016	-3.55%	-26.29%
2015	-9.98%	-9.61%
2014	-11.81%	-27.06%
2013	+3.90%	-42.30%
2012	+0.72%	-27.66%
2011	-2.84%	-17.21%
2010	-7.48%	-29.93%
2009	+3.32%	-47.35%
2008	-2.02%	+57.43%
2007	+14.49%	-4.12%
2006	+12.27%	-19.87%
2005	-0.88%	N/A

FXE vs SDS Drawdown Comparison

The maximum drawdown for FXE was -43.32%, occurring on Sep 27, 2022. This drawdown has not yet recovered.

The maximum drawdown for SDS was -99.85%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current FXE drawdown is -28.45%. The current SDS drawdown is -99.84%.

Rank	FXE	SDS
#1	-43.32% Jul 11, 2008 - Sep 27, 2022	-99.85% Mar 9, 2009 - Jun 2, 2026
#2	-3.60% Nov 26, 2007 - Jan 14, 2008	-41.04% Nov 20, 2008 - Mar 5, 2009
#3	-3.54% Jan 23, 2006 - Apr 4, 2006	-33.06% Jul 17, 2006 - Jul 11, 2008
#4	-3.49% Apr 22, 2008 - Jul 2, 2008	-31.02% Oct 27, 2008 - Nov 20, 2008
#5	-3.04% Jun 2, 2006 - Aug 4, 2006	-22.44% Oct 10, 2008 - Oct 27, 2008
#6	-3.01% Dec 1, 2006 - Mar 15, 2007	-14.92% Jul 15, 2008 - Sep 17, 2008
#7	-2.74% Jan 30, 2008 - Feb 26, 2008	-13.57% Sep 17, 2008 - Sep 29, 2008
#8	-2.73% Jul 20, 2007 - Sep 7, 2007	-8.50% Sep 29, 2008 - Oct 3, 2008
#9	-2.63% Aug 21, 2006 - Nov 9, 2006	-0.43% Mar 5, 2009 - Mar 9, 2009
#10	-2.25% Apr 27, 2007 - Jul 2, 2007	N/A
#11	-2.09% Mar 17, 2008 - Mar 26, 2008	N/A
#12	-1.72% Jan 14, 2008 - Jan 30, 2008	N/A
#13	-1.52% Apr 5, 2006 - Apr 18, 2006	N/A
#14	-1.51% May 12, 2006 - Jun 2, 2006	N/A
#15	-1.47% Dec 16, 2005 - Jan 3, 2006	N/A

Correlation

Correlation between FXE and SDS is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.68

-101

Dividend Comparison (2006 - 2026)

FXE vs SDS dividend yield comparison.

Year	FXE	SDS
2026	0.37%	0.70%
2025	0.94%	5.88%
2024	2.28%	7.89%
2023	1.49%	5.77%
2022	0.01%	0.35%
2020	0.00%	0.92%
2019	0.00%	1.84%
2018	0.00%	1.28%
2017	0.00%	0.09%
2011	0.23%	0.00%
2010	0.01%	0.00%
2009	0.34%	0.00%
2008	3.57%	22.43%
2007	3.01%	3.30%
2006	1.97%	1.24%