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FXA vs. GC=F
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

FXA vs. GC=F

Last updated May 16, 2025

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 0.03, 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

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco CurrencyShares Australian Dollar Trust (FXA) and Gold (GC=F). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FXA:

-0.28

GC=F:

1.96

Sortino Ratio

FXA:

-0.14

GC=F:

2.56

Omega Ratio

FXA:

0.98

GC=F:

1.34

Calmar Ratio

FXA:

-0.04

GC=F:

4.48

Martin Ratio

FXA:

-0.26

GC=F:

11.40

Ulcer Index

FXA:

5.96%

GC=F:

3.14%

Daily Std Dev

FXA:

10.25%

GC=F:

18.22%

Max Drawdown

FXA:

-40.97%

GC=F:

-44.36%

Current Drawdown

FXA:

-32.80%

GC=F:

-4.94%

Returns By Period

In the year-to-date period, FXA achieves a 4.08% return, which is significantly lower than GC=F's 23.34% return. Over the past 10 years, FXA has underperformed GC=F with an annualized return of -1.56%, while GC=F has yielded a comparatively higher 10.21% annualized return.

FXA

YTD

4.08%

1M

1.03%

6M

0.08%

1Y

-2.85%

5Y*

0.45%

10Y*

-1.56%

GC=F

YTD

23.34%

1M

0.75%

6M

26.27%

1Y

35.76%

5Y*

13.10%

10Y*

10.21%

*Annualized

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Risk-Adjusted Performance

FXA vs. GC=F — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FXA
The Risk-Adjusted Performance Rank of FXA is 1111
Overall Rank
The Sharpe Ratio Rank of FXA is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of FXA is 1010
Sortino Ratio Rank
The Omega Ratio Rank of FXA is 1010
Omega Ratio Rank
The Calmar Ratio Rank of FXA is 1414
Calmar Ratio Rank
The Martin Ratio Rank of FXA is 1313
Martin Ratio Rank
GC=F
The Risk-Adjusted Performance Rank of GC=F is 100100
Overall Rank
The Sharpe Ratio Rank of GC=F is 100100
Sharpe Ratio Rank
The Sortino Ratio Rank of GC=F is 100100
Sortino Ratio Rank
The Omega Ratio Rank of GC=F is 100100
Omega Ratio Rank
The Calmar Ratio Rank of GC=F is 100100
Calmar Ratio Rank
The Martin Ratio Rank of GC=F is 100100
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

The current FXA Sharpe Ratio is -0.28, which is lower than the GC=F Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of FXA and GC=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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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.

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Volatility

FXA vs. GC=F - Volatility Comparison

The current volatility for Invesco CurrencyShares Australian Dollar Trust (FXA) is 3.16%, while Gold (GC=F) has a volatility of 8.93%. 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.

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