FXA vs. FNCMX
Compare and contrast key facts about Invesco CurrencyShares Australian Dollar Trust (FXA) and Fidelity NASDAQ Composite Index Fund (FNCMX).
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. FNCMX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXA or FNCMX.
Correlation
The correlation between FXA and FNCMX is 0.45, 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.
Performance
FXA vs. FNCMX - Performance Comparison
Key characteristics
FXA:
0.09
FNCMX:
0.46
FXA:
0.19
FNCMX:
0.81
FXA:
1.02
FNCMX:
1.11
FXA:
0.02
FNCMX:
0.49
FXA:
0.15
FNCMX:
1.72
FXA:
5.76%
FNCMX:
6.85%
FXA:
10.10%
FNCMX:
25.76%
FXA:
-40.97%
FNCMX:
-55.71%
FXA:
-32.86%
FNCMX:
-14.79%
Returns By Period
In the year-to-date period, FXA achieves a 4.00% return, which is significantly higher than FNCMX's -10.98% return. Over the past 10 years, FXA has underperformed FNCMX with an annualized return of -1.40%, while FNCMX has yielded a comparatively higher 13.45% annualized return.
FXA
4.00%
1.85%
-2.84%
0.02%
0.52%
-1.40%
FNCMX
-10.98%
-6.05%
-6.54%
9.92%
15.75%
13.45%
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FXA vs. FNCMX - Expense Ratio Comparison
FXA has a 0.40% expense ratio, which is higher than FNCMX's 0.29% expense ratio.
Risk-Adjusted Performance
FXA vs. FNCMX — Risk-Adjusted Performance Rank
FXA
FNCMX
FXA vs. FNCMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares Australian Dollar Trust (FXA) and Fidelity NASDAQ Composite Index Fund (FNCMX). 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.
Dividends
FXA vs. FNCMX - Dividend Comparison
FXA's dividend yield for the trailing twelve months is around 1.54%, more than FNCMX's 0.68% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXA Invesco CurrencyShares Australian Dollar Trust | 1.54% | 1.66% | 0.98% | 0.05% | 0.00% | 0.03% | 0.53% | 1.04% | 0.83% | 1.01% | 1.52% | 2.01% |
FNCMX Fidelity NASDAQ Composite Index Fund | 0.68% | 0.61% | 0.67% | 0.88% | 0.47% | 0.67% | 0.97% | 0.94% | 0.70% | 0.91% | 0.89% | 0.80% |
Drawdowns
FXA vs. FNCMX - Drawdown Comparison
The maximum FXA drawdown since its inception was -40.97%, smaller than the maximum FNCMX drawdown of -55.71%. Use the drawdown chart below to compare losses from any high point for FXA and FNCMX. For additional features, visit the drawdowns tool.
Volatility
FXA vs. FNCMX - Volatility Comparison
The current volatility for Invesco CurrencyShares Australian Dollar Trust (FXA) is 6.12%, while Fidelity NASDAQ Composite Index Fund (FNCMX) has a volatility of 17.23%. This indicates that FXA experiences smaller price fluctuations and is considered to be less risky than FNCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.