FXA vs. GC=F
Compare and contrast key facts about Invesco CurrencyShares Australian Dollar Trust (FXA) and Gold (GC=F).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXA or GC=F.
Correlation
The correlation between FXA and GC=F is 0.11, 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. GC=F - Performance Comparison
Key characteristics
FXA:
-0.13
GC=F:
2.47
FXA:
-0.13
GC=F:
3.04
FXA:
0.98
GC=F:
1.44
FXA:
-0.03
GC=F:
4.65
FXA:
-0.25
GC=F:
11.69
FXA:
4.57%
GC=F:
3.18%
FXA:
8.38%
GC=F:
14.80%
FXA:
-40.97%
GC=F:
-44.36%
FXA:
-33.64%
GC=F:
0.00%
Returns By Period
In the year-to-date period, FXA achieves a 2.78% return, which is significantly lower than GC=F's 12.59% return. Over the past 10 years, FXA has underperformed GC=F with an annualized return of -1.47%, while GC=F has yielded a comparatively higher 8.27% annualized return.
FXA
2.78%
2.55%
-5.11%
-1.60%
-0.48%
-1.47%
GC=F
12.59%
8.42%
18.01%
46.00%
11.00%
8.27%
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Risk-Adjusted Performance
FXA vs. GC=F — Risk-Adjusted Performance Rank
FXA
GC=F
FXA vs. GC=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares Australian Dollar Trust (FXA) and Gold (GC=F). 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.
Drawdowns
FXA vs. GC=F - Drawdown Comparison
The maximum FXA drawdown since its inception was -40.97%, smaller than the maximum GC=F drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for FXA and GC=F. For additional features, visit the drawdowns tool.
Volatility
FXA vs. GC=F - Volatility Comparison
The current volatility for Invesco CurrencyShares Australian Dollar Trust (FXA) is 1.97%, while Gold (GC=F) has a volatility of 4.11%. This indicates that FXA experiences smaller price fluctuations and is considered to be less risky than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.