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We’ve discussed the current crisis in Greece and that has had a very powerful impact on the FX markets. There is an increasing amount of options available for FX investors that wish to use ETF’s. No surprise in the fact that a double short Euro ETF has the best return so far this year. Apart from the Euro, few currency ETF’s have moved much this year. But take a look at the 1 year returns and you will notice very impressive returns for the Australian Dollar, the South African Rand and the Brazilian Rand.
Which of these ETF’s do you think will profit the most in the next few months?
Ticker Name Market Cap Price Return YTD Fees 1 year return
FXA CurrencyShares Australian Dollar Trust 673260000 91.57 0.821881 0.4 48.178
FXC CurrencyShares Canadian Dollar Trust 606624400 97.06 0.853985 0.4 25.961
CYB WisdomTree Dreyfus Chinese Yuan Fund 560550000 25.27 0.200325 0.45 0.159
CEW WisdomTree Dreyfus Emerging Currency Fund 393736000 22.12 -0.863639 0.55 #N/A N/A
FXF CurrencyShares Swiss Franc Trust 311245100 92.92 -3.9638 0.4 7.323
UDN PowerShares DB US Dollar Index Bearish Fund 213741900 26.7 -2.977493 0.75 10.426
EUO ProShares UltraShort Euro 255374000 20.41 9.999994 0.95 -18.646
BZF WisdomTree Dreyfus Brazilian Real Fund 158525400 26.42 -2.977764 0.45 46.193
YCS ProShares UltraShort Yen 112597200 20.11 -3.896713 0.95 -21.609
FXB CurrencyShares British Pound Sterling Trust 119352000 149.18 -3.388572 0.4 8.315
DRR Market Vectors Double Short Euro ETN 55115620 45.57 10.272858 0.65 -18.36
FXS CurrencyShares Swedish Krona Trust 41928000 139.97 -0.581279 0.4 28.472
FXM CurrencyShares Mexican Peso Trust 39631500 79.31 2.238047 0.4 28.346
CNY Market Vectors-Renminbi/USD ETN 30969400 40.225 0.181488 0.55 -0.236
ICI iPath Optimized Currency Carry ETN 30335970 46.9358 1.86485 0.65 6.68
ICN WisdomTree Dreyfus Indian Rupee Fund 28391000 25.81 0.635677 0.45 17.712
JYF WisdomTree Dreyfus Japanese Yen Fund 11568000 28.93 1.888139 0.35 8.927
JYN iPath JPY/USD Exchange Rate ETN 11178980 65.13 2.115851 0.4 11.204
SZR WisdomTree South African Rand Fund 11240040 28.2101 -1.825994 0.45 53.318
ERO iPath EUR/USD Exchange Rate ETN 7749542 52.7898 -5.270469 0.4 8.688
INR Market Vectors-Rupee/USD ETN 6811000 38.92 1.398414 0.55 18.118
ULE ProShares Ultra Euro 9583348 27.28 -9.712006 0.95 13.174
XRU CurrencyShares Russian Ruble Trust 6738000 33.69 0.53342 0.4 24.137
PGD Barclays Asian and Gulf Currency Revaluation Note 6388308 49.3 -2.067742 0.89 0.914
YCL ProShares Ultra Yen 4116399 27.56 2.106845 0.95 17.657
URR Market Vectors Double Long Euro ETN 4088340 30.51 -10.374301 0.65 14.639
GBB iPath GBP/USD Exchange Rate ETN 2436000 40.21 -2.254768 0.4 9.73
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I’m surprised of the performance of the african rand…and think that this is a strong pick (until world cup?)
Also, like you said Greece’s impact on Euro (return YTD) is significant: Market Vectors Double Long Euro ETN, ProShares Ultra Euro, Path EUR/USD Exchange Rate ETN… it’s a difficult bet for me on this one… Eurozone is still shaken by the actual crisis.
@Zavi – Yes, difficult to say how much of an influence the world cup has had… there are lot of things going on in South Africa, especially politically. But yes, I would think the country is on its way up, very slowly though.
And yes, I would probably be short Euro right now…