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Invesco CurrencyShares Australian Dollar Trust (FXA) Sharpe Ratio: 1.44

ETF · Currency in USD · Last updated Jun 4, 2026

FXA is a passive ETF by Invesco tracking the investment results of the USD/AUD Exchange Rate. FXA launched on Jun 21, 2006 and has a 0.40% expense ratio.

FXA's Sharpe Ratio of 1.44 indicates that for each unit of volatility, it generates 1.44 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 4, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

FXA Sharpe Ratio Rank

FXA Sharpe Ratio Rank: 40.440
Average

FXA ranks above 40.4% of all investments in our database based on Sharpe Ratio over the past 12 months, showing balanced returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns are proportional to volatility—neither strong nor weak
  • Evaluate whether the volatility profile aligns with your risk tolerance
  • Review higher-ranked alternatives in the same category
  • Monitor rank direction to identify improving or deteriorating trends

FXA Sharpe Ratio Market Positioning

The chart shows FXA's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.88 or lower
  • Yellow zone (middle 50%): 0.88 to 2.43
  • Green zone (top 25%): 2.43 or higher
  • Top 1%: 7.80+
  • Median: 1.71 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco CurrencyShares Australian Dollar Trust's Sharpe Ratio with other ETFs in the Currency category across multiple time periods, showing how FXA's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 4, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
FXAInvesco CurrencyShares Australian Dollar Trust1.44
CEWWisdomTree Emerging Currency Strategy Fund1.39
UUPInvesco DB US Dollar Index Bullish Fund0.83
USDUWisdomTree Bloomberg U.S. Dollar Bullish Fund0.74
FXFInvesco CurrencyShares® Swiss Franc Trust0.47
FXEInvesco CurrencyShares® Euro Currency Trust0.43
FXBInvesco CurrencyShares® British Pound Sterling Trust0.22
UDNInvesco DB US Dollar Index Bearish Fund0.21
FXCInvesco CurrencyShares® Canadian Dollar Trust-0.23
FXYInvesco CurrencyShares® Japanese Yen Trust-1.25

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows FXA's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FXA consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Sharpe Ratio Calculator

How does FXA fit in your portfolio?

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