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ISIN
US46138R1086
CUSIP
46138R108
Issuer
Invesco
Inception Date
Jun 26, 2006
Region
Developed Europe (Switzerland)
Category
Currency
Leveraged
1x (No leverage)
Index Tracked
Swiss Franc
Distribution Policy
Accumulating
Asset Class
Currency
Assets Under Management
$451M

Share Price Chart


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Performance

FXF Performance Chart

Invesco CurrencyShares® Swiss Franc Trust (FXF) is down 2.3% since the beginning of the year. FXF is currently trading at $109 per share. Investors who bought $1,000 worth of FXF shares 5 years ago would now be looking at an investment worth $1,106.


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S&P 500 Index

Returns By Period

Invesco CurrencyShares® Swiss Franc Trust (FXF) has returned -2.31% so far this year and 0.58% over the past 12 months. Over the last ten years, FXF has returned 0.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.


Invesco CurrencyShares® Swiss Franc Trust

1D
-0.49%
1M
-3.01%
YTD
-2.31%
6M
-2.35%
1Y
0.58%
3Y*
3.19%
5Y*
2.03%
10Y*
0.99%

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FXF Monthly Returns History

Based on dividend-adjusted daily data since Jun 26, 2006, FXF's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 55% of months were positive and 45% were negative. The best month was Dec 2008 with a return of +14.0%, while the worst month was Sep 2011 at -11.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FXF closed higher 49% of trading days. The best single day was Jan 15, 2015 with a return of +17.2%, while the worst single day was Sep 6, 2011 at -8.3%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20262.51%0.42%-3.89%2.27%0.08%-3.53%-2.31%
2025-0.37%0.87%2.07%7.13%0.26%3.69%-2.45%1.52%0.46%-1.14%0.15%1.34%14.04%
2024-2.51%-2.43%-1.92%-1.91%1.81%0.46%2.30%3.30%0.42%-2.03%-2.00%-2.96%-7.46%
20230.94%-2.84%2.89%2.34%-1.93%1.74%2.59%-1.29%-3.49%0.66%3.89%4.09%9.63%
2022-1.76%1.05%-0.84%-5.17%1.27%0.46%0.15%-2.69%-1.04%-1.46%5.77%2.37%-2.29%
2021-0.77%-2.14%-3.87%3.33%1.50%-2.89%2.08%-1.19%-1.87%1.67%-0.35%0.60%-4.08%

Benchmark Metrics

Invesco CurrencyShares® Swiss Franc Trust has an annualized alpha of 2.23%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since June 26, 2006.

  • This ETF participated in 15.60% of S&P 500 Index downside but only 12.48% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of -0.00 may look defensive, but with R2 of 0.00 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 0.00 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.

Alpha
2.23%
Beta
-0.00
0.00
Upside Capture
12.48%
Downside Capture
15.60%

Expense Ratio

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


Return for Risk

Risk / Return Rank

FXF ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


FXF Risk / Return Rank: 99
Overall Rank
FXF Sharpe Ratio Rank: 99
Sharpe Ratio Rank
FXF Sortino Ratio Rank: 88
Sortino Ratio Rank
FXF Omega Ratio Rank: 88
Omega Ratio Rank
FXF Calmar Ratio Rank: 99
Calmar Ratio Rank
FXF Martin Ratio Rank: 99
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Invesco CurrencyShares® Swiss Franc Trust (FXF) and compare them to S&P 500 Index.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.


FXFBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-1.95

Sortino ratioReturn per unit of downside risk

-2.58

Omega ratioGain probability vs. loss probability

1.02

1.37

-0.35

Calmar ratioReturn relative to maximum drawdown

0.10

2.78

-2.69

Martin ratioReturn relative to average drawdown

0.24

12.44

-12.19

Dividends

Dividend History

Invesco CurrencyShares® Swiss Franc Trust provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.


0.00%0.01%0.01%0.02%0.02%0.03%0.03%$0.00$0.01$0.01$0.02$0.02$0.03$0.03$0.04202320242025
Dividends
Dividend Yield
PeriodTTM202520242023
Dividend$0.00$0.00$0.03$0.02

Dividend yield

0.00%0.00%0.03%0.02%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2025$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.01$0.01$0.01$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.03
2023$0.00$0.01$0.01$0.02

Drawdowns

Drawdowns Chart

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.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Invesco CurrencyShares® Swiss Franc 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® Swiss Franc Trust was 35.58%, occurring on Nov 3, 2022. The portfolio has not yet recovered.

The current Invesco CurrencyShares® Swiss Franc Trust drawdown is 20.25%.


Related event

Drawdown

Fall

Recovery

Underwater

Bear market2022
-35.58%Nov 2022
11y 2mo
14y 10moAug 2011 - now
Financial crisis2007–2009
-18.94%Nov 2008
8mo 7d1y 10mo
2y 6moMar 2008 - Sep 2010
Financial crisis2007–2009
-5.35%Dec 2007
23d25d
1mo 18dNov 2007 - Jan 2008
2010 pullback2010
-5.08%Nov 2010
1mo 16d22d
2mo 8dOct 2010 - Dec 2010
2007 pullback2007
-4.81%Jan 2007
1mo 21d5mo 25d
7mo 16dDec 2006 - Jul 2007

Drawdown Indicators


FXFBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-35.58%

-56.78%

+21.20%

Max Drawdown (1Y)

Largest decline over 1 year

-6.00%

-9.10%

+3.10%

Max Drawdown (3Y)

Largest decline over 3 years

-8.52%

-18.90%

+10.38%

Max Drawdown (5Y)

Largest decline over 5 years

-11.99%

-25.43%

+13.44%

Max Drawdown (10Y)

Largest decline over 10 years

-15.04%

-33.92%

+18.88%

Current Drawdown

Current decline from peak

-20.25%

-1.80%

-18.45%

Average Drawdown

Average peak-to-trough decline

-20.83%

-10.71%

-10.12%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.38%

2.03%

+0.35%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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