ASIL.L vs. FXC
ASIL.L (Lyxor China Enterprise (HSCEI) UCITS ETF) and FXC (Invesco CurrencyShares® Canadian Dollar Trust) are both exchange-traded funds - ASIL.L is a China Equities fund tracking the MSCI China NR USD, while FXC is a Currency fund tracking the Canadian Dollar. Both are passively managed. Over the past 10 years, ASIL.L returned 0.63%/yr vs 0.59%/yr for FXC. At a 0.21 correlation, their price movements are largely independent. ASIL.L charges 0.65%/yr vs 0.40%/yr for FXC.
Performance
ASIL.L vs. FXC - Performance Comparison
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Different Trading Currencies
ASIL.L is traded in GBp, while FXC is traded in USD. To make them comparable, the FXC values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, ASIL.L achieves a -6.20% return, which is significantly lower than FXC's -0.79% return. Over the past 10 years, ASIL.L has outperformed FXC with an annualized return of 0.63%, while FXC has yielded a comparatively lower 0.59% annualized return.
ASIL.L
- 1D
- -2.60%
- 1M
- -0.06%
- YTD
- -6.20%
- 6M
- -8.10%
- 1Y
- 8.93%
- 3Y*
- 6.75%
- 5Y*
- -5.81%
- 10Y*
- 0.63%
FXC
- 1D
- -0.15%
- 1M
- -1.24%
- YTD
- -0.79%
- 6M
- -0.08%
- 1Y
- -0.34%
- 3Y*
- -2.35%
- 5Y*
- -0.81%
- 10Y*
- 0.59%
ASIL.L vs. FXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASIL.L Lyxor China Enterprise (HSCEI) UCITS ETF | -6.20% | 27.56% | 14.40% | -17.94% | -16.69% | -22.70% | -4.32% | 9.43% | -6.32% | 15.81% |
FXC Invesco CurrencyShares® Canadian Dollar Trust | -0.79% | -2.26% | -4.32% | -0.87% | 4.69% | 1.17% | -1.07% | 1.91% | -2.06% | -2.51% |
Correlation
The correlation between ASIL.L and FXC is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2012 | 0.21 |
The correlation between ASIL.L and FXC shifts across timeframes, from -0.03 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ASIL.L vs. FXC — Risk / Return Rank
ASIL.L
FXC
ASIL.L vs. FXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor China Enterprise (HSCEI) UCITS ETF (ASIL.L) and Invesco CurrencyShares® Canadian Dollar Trust (FXC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ASIL.L | FXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.99 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | -0.11 | +0.61 |
| Martin ratioReturn relative to average drawdown | 0.99 | -0.21 | +1.20 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASIL.L | FXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | -0.06 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | -0.12 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.07 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.00 | 0.13 | -0.13 |
Drawdowns
ASIL.L vs. FXC - Drawdown Comparison
The maximum ASIL.L drawdown since its inception was -59.17%, which is greater than FXC's maximum drawdown of -28.86%. Use the drawdown chart below to compare losses from any high point for ASIL.L and FXC.
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Drawdown Indicators
| ASIL.L | FXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.17% | -28.86% | -30.31% |
Max Drawdown (1Y)Largest decline over 1 year | -17.73% | -3.08% | -14.65% |
Max Drawdown (3Y)Largest decline over 3 years | -26.68% | -10.50% | -16.18% |
Max Drawdown (5Y)Largest decline over 5 years | -53.45% | -18.36% | -35.09% |
Max Drawdown (10Y)Largest decline over 10 years | -59.17% | -18.36% | -40.81% |
Current DrawdownCurrent decline from peak | -36.74% | -17.32% | -19.42% |
Average DrawdownAverage peak-to-trough decline | -24.72% | -11.22% | -13.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.01% | 1.65% | +7.36% |
Volatility
ASIL.L vs. FXC - Volatility Comparison
Lyxor China Enterprise (HSCEI) UCITS ETF (ASIL.L) has a higher volatility of 8.03% compared to Invesco CurrencyShares® Canadian Dollar Trust (FXC) at 1.80%. This indicates that ASIL.L's price experiences larger fluctuations and is considered to be riskier than FXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASIL.L | FXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.03% | 1.80% | +6.23% |
Volatility (6M)Calculated over the trailing 6-month period | 14.30% | 3.90% | +10.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.71% | 5.45% | +14.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.76% | 6.80% | +21.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.11% | 8.42% | +16.69% |
ASIL.L vs. FXC - Expense Ratio Comparison
ASIL.L has a 0.65% expense ratio, which is higher than FXC's 0.40% expense ratio.
Dividends
ASIL.L vs. FXC - Dividend Comparison
ASIL.L has not paid dividends to shareholders, while FXC's dividend yield for the trailing twelve months is around 0.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASIL.L Lyxor China Enterprise (HSCEI) UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXC Invesco CurrencyShares® Canadian Dollar Trust | 0.26% | 0.55% | 2.23% | 2.01% | 0.31% | 0.00% | 0.19% | 0.75% | 0.42% | 0.02% | 0.00% | 0.02% |
Frequently Asked Questions
ASIL.L and FXC have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FXC is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FXC is cheaper with a 0.40% expense ratio, compared with 0.65% for ASIL.L.
ASIL.L is categorized as China Equities, while FXC is Currency. ASIL.L tracks MSCI China NR USD, while FXC tracks Canadian Dollar. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.65% for ASIL.L and 0.40% for FXC.
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