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.
Performance
FXA vs. GC=F - Performance Comparison
Returns By Period
In the year-to-date period, FXA achieves a -3.07% return, which is significantly lower than GC=F's 30.49% return. Over the past 10 years, FXA has underperformed GC=F with an annualized return of -2.13%, while GC=F has yielded a comparatively higher 7.45% annualized return.
FXA
-3.07%
-2.39%
-0.63%
1.12%
-0.51%
-2.13%
GC=F
30.49%
-1.93%
15.26%
35.15%
11.47%
7.45%
Key characteristics
| FXA | GC=F | |
|---|---|---|
| Sharpe Ratio | 0.10 | 2.29 |
| Sortino Ratio | 0.21 | 2.92 |
| Omega Ratio | 1.02 | 1.42 |
| Calmar Ratio | 0.03 | 4.04 |
| Martin Ratio | 0.28 | 11.98 |
| Ulcer Index | 3.17% | 2.69% |
| Daily Std Dev | 8.59% | 14.24% |
| Max Drawdown | -40.97% | -44.36% |
| Current Drawdown | -32.17% | -3.49% |
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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.
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 3.16%, while Gold (GC=F) has a volatility of 5.41%. 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.