Invesco CurrencyShares Australian Dollar Trust (FXA) belongs to the Currency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FXA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FXA
FXA charges 0.40% annually. No ETFs in the Currency category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco CurrencyShares® Japanese Yen Trust | 0.40% | 438.25M | Feb 2007 | FXA vs FXY | |
| Invesco CurrencyShares® Euro Currency Trust | 0.40% | 425.53M | Dec 2005 | FXA vs FXE | |
| Invesco CurrencyShares® Swiss Franc Trust | 0.40% | 491.23M | Jun 2006 | FXA vs FXF | |
| Invesco CurrencyShares® British Pound Sterling Tru... | 0.40% | 77.82M | Jun 2006 | FXA vs FXB | |
| Invesco CurrencyShares® Canadian Dollar Trust | 0.40% | 74.50M | Jun 2006 | FXA vs FXC |
Best Risk-Adjusted Alternatives to FXA
FXA has a PortfoliosLab risk / return rank of 44. No ETFs in the Currency category have higher risk-adjusted ranks; the top alternatives shown here go as high as 42.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Emerging Currency Strategy Fund | 42 | 15.36M | May 2009 | FXA vs CEW | |
| Invesco DB US Dollar Index Bullish Fund | 24 | 398.61M | Feb 2007 | FXA vs UUP | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 22 | 372.33M | Dec 2013 | FXA vs USDU | |
| Invesco CurrencyShares® Swiss Franc Trust | 16 | 491.23M | Jun 2006 | FXA vs FXF | |
| Invesco CurrencyShares® Euro Currency Trust | 15 | 425.53M | Dec 2005 | FXA vs FXE |
Top Performing FXA Alternatives (YTD)
FXA is at 7.28% YTD. No ETFs in the Currency category have higher YTD returns; the top-performing alternatives shown here go as high as 3.07%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | 3.07% | 398.61M | Feb 2007 | FXA vs UUP | |
| WisdomTree Emerging Currency Strategy Fund | 2.70% | 15.36M | May 2009 | FXA vs CEW | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 1.90% | 372.33M | Dec 2013 | FXA vs USDU | |
| Invesco CurrencyShares® British Pound Sterling Tru... | 0.38% | 77.82M | Jun 2006 | FXA vs FXB | |
| Invesco CurrencyShares® Swiss Franc Trust | -0.20% | 491.23M | Jun 2006 | FXA vs FXF |
Lowest Volatility Alternatives to FXA
FXA has 7.96% 1-year volatility. There are 8 ETFs in the Currency category with lower 1-year volatility, going as low as 4.50%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco CurrencyShares® Canadian Dollar Trust | 4.50% | 74.50M | Jun 2006 | FXA vs FXC | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 5.66% | 372.33M | Dec 2013 | FXA vs USDU | |
| Invesco DB US Dollar Index Bearish Fund | 6.09% | 118.60M | Feb 2007 | FXA vs UDN | |
| Invesco DB US Dollar Index Bullish Fund | 6.12% | 398.61M | Feb 2007 | FXA vs UUP | |
| WisdomTree Emerging Currency Strategy Fund | 6.23% | 15.36M | May 2009 | FXA vs CEW |
Lowest Drawdown Alternatives to FXA
FXA has a 1-year max drawdown of -4.21%. There are 4 ETFs in the Currency category with shallower 1-year drawdowns, going as shallow as -3.64%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | -3.64% | 372.33M | Dec 2013 | FXA vs USDU | |
| Invesco DB US Dollar Index Bullish Fund | -3.65% | 398.61M | Feb 2007 | FXA vs UUP | |
| Invesco CurrencyShares® Canadian Dollar Trust | -3.78% | 74.50M | Jun 2006 | FXA vs FXC | |
| WisdomTree Emerging Currency Strategy Fund | -3.85% | 15.36M | May 2009 | FXA vs CEW | |
| Invesco CurrencyShares® British Pound Sterling Tru... | -4.53% | 77.82M | Jun 2006 | FXA vs FXB |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 10 categories. AUM among these funds goes as high as $494B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 73 | 21.30% | 493.99B | Mar 1999 | FXA vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 75 | 30.35% | 19.93B | Oct 2015 | FXA vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 74 | 21.39% | 96.91B | Oct 2020 | FXA vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500 | 49 | 9.70% | 89.51B | Apr 2003 | FXA vs RSP | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 56 | 7.57% | 11.15B | May 2005 | FXA vs XLG | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 96 | 96.72% | 2.41B | Jun 2021 | FXA vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Value Equities | 54 | 15.48% | 18.88B | Dec 2005 | FXA vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | S&P 500, Dividend | 21 | 4.38% | 3.23B | Oct 2012 | FXA vs SPHD | |
| Invesco Aerospace & Defense ETF | Industrials Equities, Aerospace & Defense | 37 | 8.54% | 8.37B | Oct 2005 | FXA vs PPA | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 67 | 23.73% | 7.49B | Mar 2005 | FXA vs XMMO |
Often Compared With FXA
Investors most often compare FXA with FXAIX, GC=F, GOVZ. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare FXA with Any Fund or Stock
Compare FXA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FXA with funds that move differently
Invesco CurrencyShares Australian Dollar Trust alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FXA.
Explore FXA Diversifiers