The Complete List of Currency ETFs

The number of Foreign Currency ETFs and ETNs has exploded in the past year.  Our readers at AboutETFs.com have asked us repeatedly to publish an updated list of all currency ETFs and currency ETNs.  So, by popular demand, here they are as of September 1, 2008:

INDIVIDUAL CURRENCY PRODUCTS

• RydexShares ETFs: Australian Dollar (FXA), British Pound (FXB), Canadian Dollar (FXC), Euro (FXE), Japanese Yen (FXY), Mexican Peso (FXM), Swedish Krona (FXS) and Swiss Franc (FXF)
• WisdomTree ETFs: Euro (EU), Japanese Yen (JYF), Brazilian Real (BZF), Indian Rupee (ICN), New Zealand Dollar (BNZ),  US Current Income Fund (USY), Chinese Yuan Fund (CYB) and South African Rand (SZR)
• Barclays iPath ETNs:  Euro (ERO), British Pound ((GBB) and Japanese Yen (JYN)
• Elements ETNs: Australian Dollar (ADE), British Pound (EGB), Canadian Dollar (CUD), Euro (ERE) and Swiss Franc (SZE)
• Van Eck/Morgan Stanley ETNs: Chinese Renminbi-Yuan (CNY), Indian Rupee (INR), Double Long Euro (URR), Double Short Euro (DRR)

BUNDLED CURRENCY PRODUCTS

• PowerShares ETFs:  Group of 10 Carry Trade (DBV), and U.S. Dollar UP (UUP), U.S. Dollar Bearish (UDN)
• Barclays ETNs: Barclays iPath Optimized Currency Carry (ICI), Barclays GEMS Index (JEM), Barclays Asian & Gulf Currency Revaluation Note (PGD)  

According to Roger Nusbaum, in an article posted August 31, 2008 on Seeking Alpha using information from Index Universe, WisdomTree has more currency ETF offerings on the way:

• WisdomTree Dreyfus Chilean Peso Fund
• WisdomTree Dreyfus Czech Koruna Fund
• WisdomTree Dreyfus Hong Kong Dollar Fund
• WisdomTree Dreyfus Hungarian Forint Fund
• WisdomTree Dreyfus Israeli Shekel Fund
• WisdomTree Dreyfus Icelandic Krona Fund
• WisdomTree Dreyfus Indonesian Rupiah Fund
• WisdomTree Dreyfus Malaysian Ringgit Fund
• WisdomTree Dreyfus Mexican Peso Fund
• WisdomTree Dreyfus Norwegian Krone Fund
• WisdomTree Dreyfus Polish Zloty Fund
• WisdomTree Dreyfus Russian Ruble Fund
• WisdomTree Dreyfus Singapore Dollar Fund
• WisdomTree Dreyfus Swedish Krona Fund
• WisdomTree Dreyfus Taiwan Dollar Fund
• WisdomTree Dreyfus Tahi Baht Fund
• WisdomTree Dreyfus Turkish Lira Fund
• WisdomTree Dreyfus BRIC Currency Fund
• WisdomTree Dreyfus Developed Currency Fund
• WisdomTree Dreyfus Emerging-Asia Currency
• WisdomTree Dreyfus Emerging Europe
• WisdomTree Dreyfus Gulf Currency Fund
• WisdomTree Dreyfus Oil Exporters Currency Fund
• WisdomTree Dreyfus Emerging Latin American Fund

Also discovered by Ray Hendon in his excellent under-cover investigation, Rydex may soon bring to market ETFs for the Russian Ruble, South African Rand, Hong Kong Dollar and the Singapore Dollar (see Ray’s article posted August 28, 2008 on Seeking Alpha).

Disclosure: none

Comments

[FLYLOW:]

Excellent overview -thanks!

2008 Sep 03 11:38 AM

[Philman:]

Good work! A lot of meat in this article. No fluff. Nice!

2008 Sep 04 02:48 AM

[CTA:]

The WisdomTree Chinese Yuan Fund doesn't seem to be following the Yuan very closely ... based on my analysis, the fund has an approximately .69 correlation with the Yuan. Not very impressive.

For comparison, a while back I did some analysis on the British Pound ETF and I think that had a perfect 1.00 correlation with the fund

2008 Sep 07 09:49 PM

[Chance Carson:]

FLYLOW, Philman and CTA: Thanks for your comments.

Yeah, CTA, we also noticed the low correlation of CYT with the Yuan. Bummer!

By the way, Barclays just launched another bundled currency ETN-
(Barclays GEMS Asia 8 ETN. Symbol on NYSE Arca- AYT). This ETN bundles eight Asian currencies making it a bit too region specific for my tastes. I find JEM a much better world-wide diversified play with a significantly higher yield.

Murray Coleman of IndexUniverse wrote an excellent post about AYT last week which is an excellent overview worth reading if you are following or utilizing currency ETFs/ETNs: (www.indexuniverse.com/...)

2008 Sep 09 05:24 PM

[Philips:]

this is an excellent article...
in addition to trade forex directly, we need to compare the cost of alternatives.

Feb 05 04:24 AM