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:
-0.65
GC=F:
2.06
FXA:
-0.84
GC=F:
2.59
FXA:
0.90
GC=F:
1.37
FXA:
-0.16
GC=F:
3.78
FXA:
-1.47
GC=F:
10.45
FXA:
3.76%
GC=F:
2.89%
FXA:
8.51%
GC=F:
14.53%
FXA:
-40.97%
GC=F:
-44.36%
FXA:
-34.76%
GC=F:
-5.73%
Returns By Period
In the year-to-date period, FXA achieves a -6.78% return, which is significantly lower than GC=F's 27.46% return. Over the past 10 years, FXA has underperformed GC=F with an annualized return of -1.92%, while GC=F has yielded a comparatively higher 7.37% annualized return.
FXA
-6.78%
-3.63%
-5.11%
-6.57%
-1.61%
-1.92%
GC=F
27.46%
-0.74%
13.48%
28.91%
10.83%
7.37%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 2.67%, while Gold (GC=F) has a volatility of 5.48%. 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.