FXA vs. FXF
Compare and contrast key facts about Invesco CurrencyShares Australian Dollar Trust (FXA) and Invesco CurrencyShares® Swiss Franc Trust (FXF).
FXA and FXF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FXF is a passively managed fund by Invesco that tracks the performance of the Swiss Franc. It was launched on Jun 26, 2006. Both FXA and FXF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FXA vs. FXF - Performance Comparison
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FXA vs. FXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXA Invesco CurrencyShares Australian Dollar Trust | 3.95% | 9.10% | -7.75% | 1.20% | -6.46% | -6.17% | 9.52% | 0.13% | -8.84% | 9.05% |
FXF Invesco CurrencyShares® Swiss Franc Trust | -0.45% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 8.18% | 0.32% | -2.01% | 3.31% |
Returns By Period
In the year-to-date period, FXA achieves a 3.95% return, which is significantly higher than FXF's -0.45% return. Over the past 10 years, FXA has underperformed FXF with an annualized return of -0.43%, while FXF has yielded a comparatively higher 1.02% annualized return.
FXA
- 1D
- 0.25%
- 1M
- -2.32%
- YTD
- 3.95%
- 6M
- 5.16%
- 1Y
- 11.43%
- 3Y*
- 2.47%
- 5Y*
- -1.19%
- 10Y*
- -0.43%
FXF
- 1D
- 0.62%
- 1M
- -1.96%
- YTD
- -0.45%
- 6M
- -0.01%
- 1Y
- 10.60%
- 3Y*
- 4.51%
- 5Y*
- 2.88%
- 10Y*
- 1.02%
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FXA vs. FXF - Expense Ratio Comparison
Both FXA and FXF have an expense ratio of 0.40%.
Return for Risk
FXA vs. FXF — Risk / Return Rank
FXA
FXF
FXA vs. FXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares Australian Dollar Trust (FXA) 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.
| FXA | FXF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.15 | 1.09 | +0.07 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.82 | -0.22 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.15 | 2.21 | -0.07 |
Martin ratioReturn relative to average drawdown | 7.81 | 5.49 | +2.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXA | FXF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 1.09 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.35 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.04 | 0.13 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.13 | 0.17 | -0.04 |
Correlation
The correlation between FXA and FXF is 0.42, 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. FXF - Dividend Comparison
FXA's dividend yield for the trailing twelve months is around 0.93%, while FXF has not paid dividends to shareholders.
| 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% |
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% |
Drawdowns
FXA vs. FXF - Drawdown Comparison
The maximum FXA drawdown since its inception was -40.97%, which is greater than FXF's maximum drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for FXA and FXF.
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Drawdown Indicators
| FXA | FXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.97% | -35.58% | -5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.55% | -4.82% | -0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -21.99% | -13.03% | -8.96% |
Max Drawdown (10Y)Largest decline over 10 years | -27.99% | -15.04% | -12.95% |
Current DrawdownCurrent decline from peak | -26.78% | -18.73% | -8.05% |
Average DrawdownAverage peak-to-trough decline | -18.77% | -20.87% | +2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.52% | 1.95% | -0.43% |
Volatility
FXA vs. FXF - Volatility Comparison
Invesco CurrencyShares Australian Dollar Trust (FXA) has a higher volatility of 3.40% compared to Invesco CurrencyShares® Swiss Franc Trust (FXF) at 2.11%. This indicates that FXA'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
| FXA | FXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 2.11% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 5.93% | 5.46% | +0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.98% | 9.81% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.46% | 8.31% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.00% | 7.60% | +2.40% |