FXB
Invesco CurrencyShares British Pound Sterling Trust
TREND FOLLOWING PERFORMANCE HISTORY
2026-09-06
Executive Summary
The quantitative backtest for FXB (Invesco CurrencyShares British Pound Sterling Trust) using the Excess Return SMA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -33.2% (compared to the benchmark's drawdown of -47.7%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of -1.1%, compared to a Buy-and-Hold benchmark return of -1.7%. The strategy executed 11 total trades.
* Excess Return SMA: Advanced Single Moving Average model utilizing custom duration weighting and dynamic Stop Loss limits.
* Excess Return SMA: Advanced Single Moving Average model utilizing custom duration weighting and dynamic Stop Loss limits.
📊 Strategy Model 4 Models Available
Compare quantitative moving average overlays for FXB:
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA Active Model
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
🎯 Trading Horizon
Select risk profile & execution style for FXB:
🛡️ Long-Term Investing Active Horizon
Ideal for wealth preservation and multi-year horizons. Optimized for low turnover and tax efficiency.
⚔️ Tactical Trading
Ideal for active capital rotation and momentum-first accounts. Optimized for high sensitivity to price shifts.
Switch to MMA to enable
🛡️ FXB Drawdown Shield & Downside Protection
Why Drawdown Dictates Longevity →Peak Drawdown Defense
-33.2% (vs -47.7% B&H)
+14.5% shallower drawdown
Capital Preservation
38.4% in Cash
Sheltered during downtrends
Capital Sheltered from Risk
38.4% of Time
Earning Treasury yield during downturns
* Drawdown Shield demonstrates how systematic trend-following bounded historical drawdowns and protected principal capital compared to passive Buy & Hold.
📊 FXB Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | 10Y | Full | ||||
|---|---|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| Max Drawdown | -4.35% | -4.35% | -12.19% | -22.93% | -14.49% | -26.11% | -33.25% | -47.73% |
| Sharpe Ratio | 0.44 | 0.44 | 0.21 | 0.19 | 0.25 | 0.11 | -0.18 | -0.18 |
| Sortino Ratio | 0.72 | 0.72 | 0.26 | 0.27 | 0.29 | 0.15 | -0.21 | -0.23 |
| CAGR | 2.81% | 2.81% | 1.21% | 1.59% | 1.41% | 0.91% | -1.12% | -1.70% |
| % Time Invested | 100.0% | 100.0% | 67.7% | 100.0% | 58.4% | 100.0% | 61.6% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 0.4 | 0.0 | 0.5 | 0.0 | 0.6 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
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Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open or Mark-to-Market exit denotes an active position (either in the primary asset or a cash/yield sleeve) valued at the current price for reporting purposes. Interest entries record yield accrued from cash or cash alternatives (like BIL) during out-of-market defensive periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason | |
|---|---|---|---|---|---|---|---|---|
| 🔒 Active Positions & Recent Execution Signals Hidden Trading on delayed data carries high execution risk. Current allocations, pending next-day rebalances, and active execution signals (last 60 days) require a Premium subscription. Subscribe to Unlock | ||||||||
| 2025-03-17 | 2025-04-08 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.27% | Interest Income | |
| 2024-02-27 | 2025-03-17 | Completed | 100% | $114.19 | $120.62 | 5.58% | Signal | |
| 2023-09-18 | 2024-02-27 | Interest (CASH) | 100% | $1.00 | $1.02 | 2.39% | Interest Income | |
| 2023-07-14 | 2023-09-18 | Completed | 100% | $115.81 | $109.91 | -5.14% | Stop | |
| 2022-06-03 | 2023-07-14 | Interest (CASH) | 100% | $1.00 | $1.05 | 4.51% | Interest Income | |
| 2021-01-04 | 2022-06-03 | Completed | 100% | $119.10 | $109.10 | -8.44% | Signal | |
| 2020-12-09 | 2021-01-04 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.01% | Interest Income | |
| 2020-05-01 | 2020-12-09 | Completed | 100% | $109.76 | $117.38 | 6.89% | Signal | |
| 2019-01-30 | 2020-05-01 | Interest (CASH) | 100% | $1.00 | $1.02 | 2.20% | Interest Income | |
| 2017-11-24 | 2019-01-30 | Completed | 100% | $117.37 | $114.61 | -2.40% | Signal | |
| 2015-12-03 | 2017-11-24 | Interest (CASH) | 100% | $1.00 | $1.01 | 1.15% | Interest Income | |
| 2015-05-15 | 2015-12-03 | Completed | 100% | $139.61 | $133.12 | -4.69% | Stop | |
| 2015-04-23 | 2015-05-15 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.00% | Interest Income | |
| 2013-03-22 | 2015-04-23 | Completed | 100% | $135.70 | $133.05 | -2.00% | Signal | |
| 2012-06-07 | 2013-03-22 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.07% | Interest Income | |
| 2011-01-19 | 2012-06-07 | Completed | 100% | $143.77 | $139.69 | -2.89% | Signal | |
| 2010-11-18 | 2011-01-19 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.02% | Interest Income | |
| 2010-08-09 | 2010-11-18 | Completed | 100% | $143.60 | $143.90 | 0.16% | Signal | |
| 2010-03-02 | 2010-08-09 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.07% | Interest Income | |
| 2009-05-28 | 2010-03-02 | Completed | 100% | $144.12 | $134.99 | -6.38% | Stop | |
| 2008-10-22 | 2009-05-28 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.12% | Interest Income | |
| 2008-07-25 | 2008-10-22 | Completed | 100% | $177.75 | $147.87 | -16.85% | Stop | |
| 2008-07-23 | 2008-07-25 | Interest (CASH) | 100% | $1.00 | $1.00 | 0.01% | Interest Income | |