FXA vs. BHP

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco CurrencyShares Australian Dollar Trust (FXA) and BHP Group (BHP).

FXA is a passively managed fund by Invesco that tracks the performance of the USD/AUD Exchange Rate. It was launched on Jun 21, 2006.

Performance

FXA vs. BHP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco CurrencyShares Australian Dollar Trust (FXA) and BHP Group (BHP). The values are adjusted to include any dividend payments, if applicable.

FXA vs. BHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXA Invesco CurrencyShares Australian Dollar Trust	3.69%	9.10%	-7.75%	1.20%	-6.46%	-6.17%	9.52%	0.13%	-8.84%	9.05%
BHP BHP Group	24.25%	28.91%	-24.64%	16.50%	44.34%	0.91%	25.37%	24.50%	10.55%	33.87%

Returns By Period

In the year-to-date period, FXA achieves a 3.69% return, which is significantly lower than BHP's 24.25% return. Over the past 10 years, FXA has underperformed BHP with an annualized return of -0.46%, while BHP has yielded a comparatively higher 20.88% annualized return.

FXA

• 1D: 0.74%
• 1M: -2.97%
• YTD: 3.69%
• 6M: 4.85%
• 1Y: 11.63%
• 3Y*: 2.39%
• 5Y*: -1.24%
• 10Y*: -0.46%

BHP

• 1D: 1.13%
• 1M: -9.64%
• YTD: 24.25%
• 6M: 34.54%
• 1Y: 57.16%
• 3Y*: 10.16%
• 5Y*: 13.41%
• 10Y*: 20.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

FXA vs. BHP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXA

FXA Risk / Return Rank: 68
FXA Sharpe Ratio Rank: 67
FXA Sortino Ratio Rank: 64
FXA Omega Ratio Rank: 61
FXA Calmar Ratio Rank: 76
FXA Martin Ratio Rank: 72

BHP

BHP Risk / Return Rank: 85
BHP Sharpe Ratio Rank: 87
BHP Sortino Ratio Rank: 83
BHP Omega Ratio Rank: 81
BHP Calmar Ratio Rank: 85
BHP Martin Ratio Rank: 90

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.

FXA vs. BHP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares Australian Dollar Trust (FXA) and BHP Group (BHP). 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.

	FXA	BHP	Difference
Sharpe ratio Return per unit of total volatility	1.17	1.77	-0.60
Sortino ratio Return per unit of downside risk	1.63	2.34	-0.71
Omega ratio Gain probability vs. loss probability	1.22	1.30	-0.08
Calmar ratio Return relative to maximum drawdown	1.98	2.93	-0.95
Martin ratio Return relative to average drawdown	7.27	10.75	-3.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FXA vs. BHP - Sharpe Ratio Comparison

The current FXA Sharpe Ratio is 1.17, which is lower than the BHP Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of FXA and BHP, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FXA	BHP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	1.77	-0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.12	0.42	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.05	0.64	-0.69
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.32	-0.18

Correlation

The correlation between FXA and BHP is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FXA vs. BHP - Dividend Comparison

FXA's dividend yield for the trailing twelve months is around 1.03%, less than BHP's 3.62% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXA Invesco CurrencyShares Australian Dollar Trust	0.93%	1.16%	1.66%	0.98%	0.05%	0.00%	0.03%	0.53%	1.04%	0.83%	1.01%	1.52%
BHP BHP Group	3.62%	3.64%	5.98%	4.98%	22.44%	9.98%	3.67%	8.59%	4.89%	3.61%	1.68%	9.38%

Drawdowns

FXA vs. BHP - Drawdown Comparison

The maximum FXA drawdown since its inception was -40.97%, smaller than the maximum BHP drawdown of -76.22%. Use the drawdown chart below to compare losses from any high point for FXA and BHP.

Drawdown Indicators

	FXA	BHP	Difference
Max Drawdown Largest peak-to-trough decline	-40.97%	-76.22%	+35.25%
Max Drawdown (1Y) Largest decline over 1 year	-5.55%	-19.80%	+14.25%
Max Drawdown (5Y) Largest decline over 5 years	-21.99%	-37.21%	+15.22%
Max Drawdown (10Y) Largest decline over 10 years	-27.99%	-44.29%	+16.30%
Current Drawdown Current decline from peak	-26.96%	-9.64%	-17.32%
Average Drawdown Average peak-to-trough decline	-18.77%	-21.37%	+2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.51%	5.39%	-3.88%

Volatility

FXA vs. BHP - Volatility Comparison

The current volatility for Invesco CurrencyShares Australian Dollar Trust (FXA) is 3.43%, while BHP Group (BHP) has a volatility of 11.75%. This indicates that FXA experiences smaller price fluctuations and is considered to be less risky than BHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXA	BHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	11.75%	-8.32%
Volatility (6M) Calculated over the trailing 6-month period	5.95%	22.72%	-16.77%
Volatility (1Y) Calculated over the trailing 1-year period	9.99%	32.44%	-22.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.46%	31.93%	-21.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.00%	32.59%	-22.59%