Best Of
Best ETFs for Foreign Currency and Forex in 2026
Currency trusts and diversified forex strategies, compared by size and cost.
Data updated August 2026 · 25 ETFs
Who this page is for
Best for
- Investors seeking a defined view on one currency or the U.S. dollar
- Portfolios using currencies as a tactical hedge or diversifier
- Researchers comparing single-currency trusts with active multi-currency strategies
Not a fit for
- Investors expecting equity-like long-term compounding from a currency position
- Anyone who does not understand futures, collateral, or currency-hedging mechanics
- Income seekers treating an indicated distribution as a stable yield
Analysis
Currency ETFs package foreign-exchange exposure in a brokerage-friendly wrapper. Single-currency products may hold deposits or derivatives linked to the euro, yen, or Swiss franc, while dollar and diversified strategies may use futures or forwards. The return can be driven by exchange rates, short-term interest-rate differences, collateral income, and fund costs. That makes the structure as important as the currency view. Review the prospectus for leverage, derivatives, collateral, tax reporting, and whether the fund is designed for a tactical trade rather than a permanent portfolio allocation.
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Top picks
The 3 largest currency-focused ETFs by assets.
Yield distribution
Expense ratio distribution
Income projection
Estimated income if the current average distribution rate of 6.07% held for a full year with share prices unchanged. Distribution rate is not total return—a fund can pay a large distribution while its share price falls—so treat these as an upper-bound illustration, not a forecast.
| Investment | Annual income | Monthly income | Weekly income |
|---|---|---|---|
| $10,000 | $607 | $51 | $12 |
| $25,000 | $1,517 | $126 | $29 |
| $50,000 | $3,034 | $253 | $58 |
| $100,000 | $6,068 | $506 | $117 |
Issuer breakdown
Distribution of ETFs by fund issuer. Larger issuers often offer lower expense ratios and higher liquidity.
All 25 ETFs
| Ticker | Name | Issuer | Yield | Expense ratio | AUM | Frequency |
|---|---|---|---|---|---|---|
| HEFA | iShares Currency Hedged MSCI EAFE ETF | iShares | 2.98% | 0.35% | $7.6B | Semi-Annual |
| EMLC | VanEck J.P. Morgan EM Local Currency Bond ETF | VanEck | 6.10% | 0.30% | $4.8B | Monthly |
| HFXI | NYLI FTSE International Equity Currency Neutral ETF | New York Life Investments | 2.43% | 0.20% | $2.0B | Quarterly |
| DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | WisdomTree | 0.98% | 0.40% | $1.5B | Quarterly |
| LEMB | iShares J.P. Morgan EM Local Currency Bond ETF | iShares | — | 0.30% | $753M | Annual |
| HEWJ | iShares Currency Hedged MSCI Japan ETF | iShares | 1.12% | 0.50% | $715M | Semi-Annual |
| HEZU | iShares Currency Hedged MSCI Eurozone ETF | iShares | 3.43% | 0.53% | $562M | Semi-Annual |
| FXF | Invesco CurrencyShares® Swiss Franc Trust | Invesco | — | 0.40% | $468M | Monthly |
| FXY | Invesco CurrencyShares® Japanese Yen Trust | Invesco | — | 0.40% | $437M | — |
| DDLS | WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund | WisdomTree | 6.84% | 0.48% | $420M | Quarterly |
| USDU | WisdomTree Bloomberg U.S. Dollar Bullish Fund | WisdomTree | 3.73% | 0.50% | $409M | Annual |
| FOXY | Simplify Currency Strategy ETF | Simplify ETFs | 9.68% | 0.81% | $362M | Monthly |
| FEMB | First Trust Emerging Markets Local Currency Bond ETF | First Trust | 6.75% | 0.85% | $360M | Monthly |
| UUP | Invesco DB US Dollar Index Bullish Fund | Invesco | 3.29% | 0.75% | $342M | Annual |
| HAWX | iShares Currency Hedged MSCI ACWI ex U.S. ETF | iShares | 2.23% | 0.35% | $341M | Semi-Annual |
| FXE | Invesco CurrencyShares® Euro Currency Trust | Invesco | 0.93% | 0.40% | $336M | Monthly |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | iShares | 1.12% | 0.70% | $270M | Semi-Annual |
| HSCZ | iShares Currency Hedged MSCI EAFE Small-Cap ETF | iShares | 2.69% | 0.42% | $225M | Semi-Annual |
| NEMD | Neuberger Berman Emerging Markets Debt Hard Currency ETF | Neuberger Berman | 6.20% | 0.60% | $138M | Monthly |
| UDN | Invesco DB US Dollar Index Bearish Fund | Invesco | 2.96% | 0.75% | $118M | Annual |
| FXA | Invesco CurrencyShares® Australian Dollar Trust | Invesco | 1.57% | 0.40% | $97M | Monthly |
| FXC | Invesco CurrencyShares® Canadian Dollar Trust | Invesco | 0.12% | 0.40% | $69M | Monthly |
| FXB | Invesco CurrencyShares® British Pound Sterling Trust | Invesco | 2.09% | 0.40% | $65M | Monthly |
| CEW | WisdomTree Emerging Currency Strategy Fund | WisdomTree | 2.37% | 0.55% | $15M | Annual |
| BEGS | Rareview 2x Bull Cryptocurrency & Precious Metals ETF | Rareview Capital | 82.09% | 0.99% | $3M | Annual |
Frequently asked questions
What are the best ETFs for foreign currency and forex?
This page lists the top 25 ETFs in this category ranked by key metrics. The list includes funds from issuers like iShares, VanEck, New York Life Investments, WisdomTree and more.
How often is this list updated?
The data on this page is refreshed regularly using the latest available distribution rates, expense ratios, and AUM figures. Last updated August 2026.
What is the average yield of these ETFs?
The average distribution yield across the 25 ETFs on this list is 6.07%. Individual yields range from 0.12% to 82.09%.
Is there an ETF for forex?
Yes. U.S.-listed products can track an individual currency, the U.S. dollar against a basket, or an active multi-currency strategy. Their legal structures and use of deposits, futures, and forwards vary.
Are currency ETFs the same as currency-hedged stock ETFs?
No. A currency ETF takes currency exposure as its main objective. A hedged international stock ETF owns foreign shares and uses currency contracts to reduce exchange-rate effects.
What are the main risks of forex ETFs?
Exchange rates can reverse quickly, interest-rate changes affect forward pricing, and derivatives introduce collateral and roll considerations. Leveraged products also reset daily and can compound unexpectedly.
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