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Top 10 Established Currency ETFs

Stocks in this article: UDN FXE FXY FXB FXF FXS FXC

#6: Rydex CurrencyShares Swedish Krona ETF (FXS)


FXS follows futures continuation contracts and interbank market strategies to meet the trends of the Swedish Krona which represents roughly 4% of the Dollar Index. The fund was launched in June 2006. The expense ratio is .40%. AUM equal $89 million and average daily trading volume is less than 15K shares. As of mid-December 2011 the YTD return was -1.67%.


#7: Rydex CurrencyShares Canada ETF (FXC)

FXC follows the interbank and futures continuation contracts of the Canadian Dollar which constitutes roughly 9% of the Dollar Index. The fund was launched in June 2006. The expense ratio is .40%. AUM equal $574 million and average daily trading volume is 253K shares. As of mid-December 2011 the YTD return was -2.49%.

#8: Rydex CurrencyShares Australia ETF (FXA)

FXA follows the continuation futures contract of the Australian Dollar with an occasional use of interbank market positions. The fund was launched in June 2006. The expense ratio is .40%. AUM equal $758 million and the average daily trading volume is 425K shares. As of mid-December 2011 the YTD return was 2.21%.

#9: PowerShares DB Currency ETF (DBV)

 DBV follows the Deutsche Bank G10 Currency Future Harvest Index - Excess Return follows the Index is comprised of currency futures contracts on certain G10 currencies and is designed to exploit the trend that currencies associated with relatively high interest rates, on average, tend to rise in value relative to currencies associated with relatively low interest rates. The fund was launched in September 2006. The expense ratio is .75%. AUM equal $360 million and average daily trading volume is 238K shares. As of mid-December 2011 the YTD return was .00%.

#10: Wisdom Tree Dreyfus Emerging Currency Fund (CEW)


CEW seeks to achieve total returns reflective of both money market rates in selected emerging market countries available to foreign investors and changes to the value of these currencies relative to the U.S. dollar. Since the Fund's investment objective has been adopted as a non-fundamental investment policy, the Fund's investment objective may be changed without a vote of shareholders. The fund was launched in May 2009. The expense ratio is .55%. AUM equal $374M and average daily trading volume is 275K shares. As of mid-December 2011 the YTD return was -7.49%.

Constituent currencies at launch: Mexican Peso, Brazilian Real, Chilean Peso, South African Rand, Polish Zloty, Israeli Shekel, Turkish New Lira, Chinese Yuan, South Korean Won, Taiwanese Dollar, and Indian Rupee.

Currency ETFs present a noncorrelated opportunity for investors to diversify their portfolios. The above represent, with the exception of CEW, the more established currencies trading now. As you can readily see increased volatility in 2011 has disrupted more established trends especially occasioned by debt problems within the euro zone.

It's also important to remember that ETF sponsors have their own competitive business interests when issuing products which may not necessarily align with your investment needs. New ETFs from highly regarded and substantial new providers are also being issued. These may include Charles Schwab's ETFs and Scottrade's Focus Shares which both are issuing new ETFs with low expense ratios and commission free trading at their respective firms. These may also become popular as they become seasoned. 

For further information about portfolio structures using technical indicators like DeMark and other indicators, take a free 14-day trial at ETF Digest . Follow us on Twitter and Facebook as well and join our group conversations.

You may address any feedback to:   

The ETF Digest is long UUP.

(Source for data is from ETF sponsors and various ETF data providers)


This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.

Dave Fry is founder and publisher of ETF Digest, Dave's Daily blog and the best-selling book author of Create Your Own ETF Hedge Fund, A DIY Strategy for Private Wealth Management, published by Wiley Finance in 2008. A detailed bio is here: Dave Fry.

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