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:
-0.18
GC=F:
2.41
FXA:
-0.19
GC=F:
3.02
FXA:
0.98
GC=F:
1.42
FXA:
-0.04
GC=F:
4.46
FXA:
-0.29
GC=F:
11.57
FXA:
5.39%
GC=F:
3.08%
FXA:
8.59%
GC=F:
14.85%
FXA:
-40.97%
GC=F:
-44.36%
FXA:
-33.85%
GC=F:
-0.67%
Returns By Period
In the year-to-date period, FXA achieves a 2.46% return, which is significantly lower than GC=F's 18.62% return. Over the past 10 years, FXA has underperformed GC=F with an annualized return of -1.22%, while GC=F has yielded a comparatively higher 8.74% annualized return.
FXA
2.46%
1.13%
-7.02%
-2.24%
1.53%
-1.22%
GC=F
18.62%
7.19%
17.38%
35.93%
12.05%
8.74%
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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 2.02%, while Gold (GC=F) has a volatility of 3.36%. 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.