This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Top 10 Established Currency ETFs

#1: PowerShares DB USD Index Bullish & Bearish ETFs (UUP) (UDN)

UUP/UDN (PowerShares/DB USD Index Bullish & Bearish ETFs) follow the same Deutsche Bank Dollar Index with one ETF allowing investors to invest in a long position (UUP) while the other (UDN) allows investors to invest in a short position on the same index. The Dollar Index is comprised of the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc. The funds were launched in February 2007. The expense ratio is .50%. AUM (Assets under Management) equal $1.5 billion million (UUP) and $114 million (UDN).

Average daily trading volume is 6.2M shares (UUP) and 114K shares (UDN). As of mid-December 2011 the YTD return was -1.60% (UUP) and -.26% (UDN). Variations are due to contract rollover trading variations and open market speculation which can become inefficient.

#2: Rydex CurrencyShares Euro Trust ETF (FXE)

 

FXE follows the euro which is the currency of 17 European Union countries. The Euro system consists of the European Central Bank (ECB) and the national central banks of the 17 countries belonging to the euro area is in charge and implementing monetary policy for the euro zone. It accounts for approximately 57% of the Dollar Index making it a major world currency. The fund was launched in December 2005. The expense ratio is .40%. AUM equal $579 million and average daily trading volume is over 2M shares. As of mid-December 2011 the YTD return was -1.07%.

Leveraged long and short issues are available from ProShares.

#3: Rydex CurrencyShares Japanese Yen ETF (FXY)

FXY follows the continuation contract of Japanese Yen futures contracts. Interest can also be earned on T-Bills deposited as collateral to hold these futures contracts. The yen represents the second highest percentage of the Dollar Index at 13.7%. The fund was launched in December 2007. The expense ratio is .40%. AUM equal $697 million and average daily trading is 390K shares. As of mid-December 2011 the YTD return was 3.86%.

Leveraged long and short issues are available from ProShares.

#4: Rydex CurrencyShares British Pound Sterling ETF (FXB)

 

FXB follows the continuation contract of the British Pound which accounts for nearly 13% of global foreign exchange transactions. When favorable the fund can also earn interest on T-Bills used as collateral for futures contracts. The fund was launched in June 2006. The expense ratio is .40%. AUM equal $100 million and average daily trading volume is 53K shares. As of mid-December 2011 the YTD return was -.75%.

#5: Rydex CurrencyShares Swiss Franc ETF (FXF)

FXF follows the continuation contracts of the Swiss Franc as traded on various futures exchanges. The fund was launched in June 2006. The expense ratio is .40%. AUM equal $454 million and average daily trading volume is less than 213K shares. As of mid-December 2011 the YTD return was -.79%.

Abruptly in the late fall the Swiss decided to peg their currency to the euro. This was done to arrest the rapid rise in the franc and to assist borrowers in Eastern Europe to paying back franc denominated loans.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,083.80 -2.83 -0.02%
S&P 500 1,987.98 +0.97 0.05%
NASDAQ 4,472.1080 -1.5890 -0.04%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs