FXA vs. FXAIX
Compare and contrast key facts about Invesco CurrencyShares Australian Dollar Trust (FXA) and Fidelity 500 Index Fund (FXAIX).
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. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXA or FXAIX.
Performance
FXA vs. FXAIX - Performance Comparison
Returns By Period
In the year-to-date period, FXA achieves a -3.07% return, which is significantly lower than FXAIX's 26.26% return. Over the past 10 years, FXA has underperformed FXAIX with an annualized return of -2.13%, while FXAIX has yielded a comparatively higher 13.07% annualized return.
FXA
-3.07%
-2.39%
-0.63%
1.12%
-0.51%
-2.13%
FXAIX
26.26%
1.79%
13.68%
32.38%
15.71%
13.07%
Key characteristics
| FXA | FXAIX | |
|---|---|---|
| Sharpe Ratio | 0.10 | 2.69 |
| Sortino Ratio | 0.21 | 3.59 |
| Omega Ratio | 1.02 | 1.50 |
| Calmar Ratio | 0.03 | 3.90 |
| Martin Ratio | 0.28 | 17.53 |
| Ulcer Index | 3.17% | 1.88% |
| Daily Std Dev | 8.59% | 12.24% |
| Max Drawdown | -40.97% | -33.79% |
| Current Drawdown | -32.17% | -0.81% |
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FXA vs. FXAIX - Expense Ratio Comparison
FXA has a 0.40% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Correlation
The correlation between FXA and FXAIX is 0.43, 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.
Risk-Adjusted Performance
FXA vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares Australian Dollar Trust (FXA) and Fidelity 500 Index Fund (FXAIX). 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. FXAIX - Dividend Comparison
FXA's dividend yield for the trailing twelve months is around 1.56%, more than FXAIX's 1.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXA Invesco CurrencyShares Australian Dollar Trust | 1.56% | 0.98% | 0.05% | 0.00% | 0.03% | 0.53% | 1.04% | 0.83% | 1.01% | 1.52% | 2.01% | 2.14% |
FXAIX Fidelity 500 Index Fund | 1.22% | 1.45% | 1.69% | 1.22% | 1.60% | 1.95% | 2.07% | 1.81% | 2.01% | 2.56% | 2.63% | 1.84% |
Drawdowns
FXA vs. FXAIX - Drawdown Comparison
The maximum FXA drawdown since its inception was -40.97%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for FXA and FXAIX. For additional features, visit the drawdowns tool.
Volatility
FXA vs. FXAIX - Volatility Comparison
The current volatility for Invesco CurrencyShares Australian Dollar Trust (FXA) is 3.21%, while Fidelity 500 Index Fund (FXAIX) has a volatility of 3.95%. This indicates that FXA experiences smaller price fluctuations and is considered to be less risky than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.