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.
Key characteristics
| FXA | GC=F | |
|---|---|---|
| YTD Return | -4.42% | 11.18% |
| 1Y Return | -0.88% | 13.83% |
| 3Y Return (Ann) | -5.25% | 7.96% |
| 5Y Return (Ann) | -1.37% | 10.86% |
| 10Y Return (Ann) | -2.89% | 5.11% |
| Sharpe Ratio | -0.07 | 1.25 |
| Daily Std Dev | 9.52% | 13.29% |
| Max Drawdown | -40.97% | -44.36% |
| Current Drawdown | -33.11% | -4.40% |
Correlation
The correlation between FXA and GC=F is 0.10, 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
In the year-to-date period, FXA achieves a -4.42% return, which is significantly lower than GC=F's 11.18% return. Over the past 10 years, FXA has underperformed GC=F with an annualized return of -2.89%, while GC=F has yielded a comparatively higher 5.11% annualized 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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Risk-Adjusted Performance
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 3.02%, while Gold (GC=F) has a volatility of 4.66%. 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.