Invesco CurrencyShares Australian Dollar Trust (FXA)

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Invesco CurrencyShares Australian Dollar Trust (FXA) is up 7.3% since the beginning of the year. FXA is currently trading at $71 per share. Investors who bought $1,000 worth of FXA shares 5 years ago would now be looking at an investment worth $957.

Invesco CurrencyShares Australian Dollar Trust (FXA) has returned 7.28% so far this year and 11.38% over the past 12 months. Over the last ten years, FXA has returned 0.27% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jun 26, 2006, FXA's average daily return is +0.01%, while the average monthly return is +0.21%. At this rate, an investment would double in approximately 27.5 years.

Historically, 54% of months were positive and 46% were negative. The best month was May 2009 with a return of +10.3%, while the worst month was Oct 2008 at -15.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, FXA closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +7.8%, while the worst single day was Oct 6, 2008 at -7.1%.

Invesco CurrencyShares Australian Dollar Trust has an annualized alpha of -1.26%, beta of 0.35, and R2 of 0.30 versus S&P 500 Index. Calculated based on daily prices since June 27, 2006.

• This ETF participated in 54.59% of S&P 500 Index downside but only 33.96% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.35 may look defensive, but with R2 of 0.30 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.30 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FXA has an expense ratio of 0.40%, placing it in the medium range.

FXA ranks 45 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Invesco CurrencyShares Australian Dollar Trust (FXA) and compare them to S&P 500 Index.

Invesco CurrencyShares Australian Dollar Trust provided a 0.95% dividend yield over the last twelve months, with an annual payout of $0.67 per share.

The table displays the monthly dividend distributions for Invesco CurrencyShares Australian Dollar Trust. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco CurrencyShares Australian Dollar Trust. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco CurrencyShares Australian Dollar Trust was 40.97%, occurring on Mar 19, 2020. The portfolio has not yet recovered.

The current Invesco CurrencyShares Australian Dollar Trust drawdown is 24.43%.

The chart below shows the rolling one-month volatility.