FPI vs. FXF
FPI (Farmland Partners Inc.) is a stock, while FXF (Invesco CurrencyShares® Swiss Franc Trust) is Currency fund tracking the Swiss Franc. Over the past 10 years, FPI returned 3.71%/yr vs 1.06%/yr for FXF. At a 0.04 correlation, their price movements are largely independent.
Performance
FPI vs. FXF - Performance Comparison
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Returns By Period
In the year-to-date period, FPI achieves a 4.47% return, which is significantly higher than FXF's -0.80% return. Over the past 10 years, FPI has outperformed FXF with an annualized return of 3.71%, while FXF has yielded a comparatively lower 1.06% annualized return.
FPI
- 1D
- 0.91%
- 1M
- -1.77%
- YTD
- 4.47%
- 6M
- 2.38%
- 1Y
- -8.56%
- 3Y*
- -0.15%
- 5Y*
- -0.55%
- 10Y*
- 3.71%
FXF
- 1D
- -0.15%
- 1M
- -1.31%
- YTD
- -0.80%
- 6M
- -0.32%
- 1Y
- 1.23%
- 3Y*
- 4.05%
- 5Y*
- 1.88%
- 10Y*
- 1.06%
FPI vs. FXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 4.47% | -14.11% | 5.66% | 3.99% | 6.09% | 39.70% | 32.09% | 53.84% | -45.13% | -17.84% |
FXF Invesco CurrencyShares® Swiss Franc Trust | -0.80% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 8.18% | 0.32% | -2.01% | 3.31% |
Correlation
The correlation between FPI and FXF is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2014 | 0.04 |
The correlation between FPI and FXF shifts across timeframes, from 0.04 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FPI vs. FXF — Risk / Return Rank
FPI
FXF
FPI vs. FXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Farmland Partners Inc. (FPI) and Invesco CurrencyShares® Swiss Franc Trust (FXF). 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.
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.
| FPI | FXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.03 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.39 | 0.25 | -0.64 |
| Martin ratioReturn relative to average drawdown | -0.82 | 0.54 | -1.37 |
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Drawdowns
FPI vs. FXF - Drawdown Comparison
The maximum FPI drawdown since its inception was -59.77%, which is greater than FXF's maximum drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for FPI and FXF.
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Drawdown Indicators
| FPI | FXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.77% | -35.58% | -24.19% |
Max Drawdown (1Y)Largest decline over 1 year | -23.54% | -4.97% | -18.57% |
Max Drawdown (3Y)Largest decline over 3 years | -23.64% | -8.52% | -15.12% |
Max Drawdown (5Y)Largest decline over 5 years | -39.88% | -11.99% | -27.89% |
Max Drawdown (10Y)Largest decline over 10 years | -57.44% | -15.04% | -42.40% |
Current DrawdownCurrent decline from peak | -23.54% | -19.02% | -4.52% |
Average DrawdownAverage peak-to-trough decline | -23.61% | -20.83% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.21% | 2.28% | +8.93% |
Volatility
FPI vs. FXF - Volatility Comparison
Farmland Partners Inc. (FPI) has a higher volatility of 6.49% compared to Invesco CurrencyShares® Swiss Franc Trust (FXF) at 1.81%. This indicates that FPI's price experiences larger fluctuations and is considered to be riskier than FXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FPI | FXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.49% | 1.81% | +4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 18.58% | 5.56% | +13.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.92% | 7.49% | +15.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.32% | 8.33% | +19.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.64% | 7.57% | +28.07% |
Dividends
FPI vs. FXF - Dividend Comparison
FPI's dividend yield for the trailing twelve months is around 4.71%, while FXF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FPI Farmland Partners Inc. | 4.71% | 4.54% | 11.31% | 3.61% | 1.85% | 1.67% | 2.30% | 2.95% | 7.82% | 5.88% | 4.57% | 4.54% |
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FPI and FXF have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FPI has higher volatility (6.49%) compared to FXF (1.81%). In terms of maximum drawdown, FPI dropped -59.77% vs FXF's -35.58%.
FXF currently has the higher Sharpe Ratio (0.17 vs -0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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