FXA vs. FSPGX
Compare and contrast key facts about Invesco CurrencyShares Australian Dollar Trust (FXA) and Fidelity Large Cap Growth Index Fund (FSPGX).
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. FSPGX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXA or FSPGX.
Key characteristics
| FXA | FSPGX | |
|---|---|---|
| YTD Return | 0.37% | 20.98% |
| 1Y Return | 7.13% | 35.13% |
| 3Y Return (Ann) | -1.96% | 9.15% |
| 5Y Return (Ann) | 0.34% | 19.40% |
| Sharpe Ratio | 0.81 | 2.17 |
| Daily Std Dev | 8.68% | 16.67% |
| Max Drawdown | -40.97% | -32.66% |
| Current Drawdown | -29.76% | -4.47% |
Correlation
The correlation between FXA and FSPGX is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FXA vs. FSPGX - Performance Comparison
In the year-to-date period, FXA achieves a 0.37% return, which is significantly lower than FSPGX's 20.98% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FXA vs. FSPGX - Expense Ratio Comparison
FXA has a 0.40% expense ratio, which is higher than FSPGX's 0.04% expense ratio.
Risk-Adjusted Performance
FXA vs. FSPGX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares Australian Dollar Trust (FXA) and Fidelity Large Cap Growth Index Fund (FSPGX). 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. FSPGX - Dividend Comparison
FXA's dividend yield for the trailing twelve months is around 1.42%, more than FSPGX's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXA Invesco CurrencyShares Australian Dollar Trust | 1.42% | 0.98% | 0.05% | 0.00% | 0.03% | 0.53% | 1.04% | 0.83% | 1.01% | 1.52% | 2.01% | 2.14% |
FSPGX Fidelity Large Cap Growth Index Fund | 0.46% | 0.73% | 0.86% | 2.22% | 1.76% | 1.04% | 1.47% | 1.22% | 0.29% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXA vs. FSPGX - Drawdown Comparison
The maximum FXA drawdown since its inception was -40.97%, which is greater than FSPGX's maximum drawdown of -32.66%. Use the drawdown chart below to compare losses from any high point for FXA and FSPGX. For additional features, visit the drawdowns tool.
Volatility
FXA vs. FSPGX - Volatility Comparison
The current volatility for Invesco CurrencyShares Australian Dollar Trust (FXA) is 2.65%, while Fidelity Large Cap Growth Index Fund (FSPGX) has a volatility of 7.72%. This indicates that FXA experiences smaller price fluctuations and is considered to be less risky than FSPGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.