Invesco CurrencyShares Australian Dollar Trust (FXA) Sharpe Ratio: 1.17

FXA's Sharpe Ratio of 1.17 indicates that for each unit of volatility, it generates 1.17 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 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

Above Average

FXA ranks above 67.0% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. 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

Above-average risk-adjusted returns with room for improvement
Compare against category peers to gauge relative positioning
Monitor for movement toward top tier or decline toward median
Consider pairing with top-tier holdings to improve portfolio efficiency

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%): 0.46 or lower
Yellow zone (middle 50%): 0.46 to 1.40
Green zone (top 25%): 1.40 or higher
Top 1%: 5.70+
Median: 0.94 — 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 Apr 1, 2026.

Symbol	Name	1Y Sharpe Ratio
CEW	WisdomTree Emerging Currency Strategy Fund	1.54
FXA	Invesco CurrencyShares Australian Dollar Trust	1.17
FXF	Invesco CurrencyShares® Swiss Franc Trust	1.02
FXE	Invesco CurrencyShares® Euro Currency Trust	1.01
UDN	Invesco DB US Dollar Index Bearish Fund	0.76
FXC	Invesco CurrencyShares® Canadian Dollar Trust	0.68
FXB	Invesco CurrencyShares® British Pound Sterling Trust	0.67
UUP	Invesco DB US Dollar Index Bullish Fund	0.09
USDU	WisdomTree Bloomberg U.S. Dollar Bullish Fund	0.04
FXY	Invesco CurrencyShares® Japanese Yen Trust	-0.58

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

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.

Loading graphics...

Explore FXA risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

FXA Sortino Ratio