FXA vs. LLII
FXA (Invesco CurrencyShares Australian Dollar Trust) and LLII (REX LLY Growth & Income ETF) are both exchange-traded funds - FXA is a Currency fund tracking the USD/AUD Exchange Rate, while LLII is a Derivative Income fund actively managed by REX. FXA is passively managed, while LLII is actively managed. At a 0.04 correlation, their price movements are largely independent. FXA charges 0.40%/yr vs 0.99%/yr for LLII.
Performance
FXA vs. LLII - Performance Comparison
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Returns By Period
In the year-to-date period, FXA achieves a 7.28% return, which is significantly higher than LLII's -4.28% return.
FXA
- 1D
- -0.71%
- 1M
- -0.48%
- YTD
- 7.28%
- 6M
- 8.49%
- 1Y
- 11.38%
- 3Y*
- 3.89%
- 5Y*
- -0.88%
- 10Y*
- 0.27%
LLII
- 1D
- 1.47%
- 1M
- 9.79%
- YTD
- -4.28%
- 6M
- 0.70%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FXA vs. LLII - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FXA Invesco CurrencyShares Australian Dollar Trust | 7.28% | 3.03% |
LLII REX LLY Growth & Income ETF | -4.28% | 19.03% |
Correlation
The correlation between FXA and LLII is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.04 |
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Return for Risk
FXA vs. LLII — Risk / Return Rank
FXA
LLII
FXA vs. LLII - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares Australian Dollar Trust (FXA) and REX LLY Growth & Income ETF (LLII). 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.
| FXA | LLII | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | — | — |
| Martin ratioReturn relative to average drawdown | 7.85 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXA | LLII | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.44 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.71 | -0.56 |
Drawdowns
FXA vs. LLII - Drawdown Comparison
The maximum FXA drawdown since its inception was -40.97%, which is greater than LLII's maximum drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for FXA and LLII.
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Drawdown Indicators
| FXA | LLII | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.97% | -23.96% | -17.01% |
Max Drawdown (1Y)Largest decline over 1 year | -4.21% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -13.02% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.05% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -27.99% | — | — |
Current DrawdownCurrent decline from peak | -24.43% | -6.88% | -17.55% |
Average DrawdownAverage peak-to-trough decline | -18.82% | -9.28% | -9.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | — | — |
Volatility
FXA vs. LLII - Volatility Comparison
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Volatility by Period
| FXA | LLII | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.21% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.96% | 36.42% | -28.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.41% | 36.42% | -26.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.90% | 36.42% | -26.52% |
FXA vs. LLII - Expense Ratio Comparison
FXA has a 0.40% expense ratio, which is lower than LLII's 0.99% expense ratio.
Dividends
FXA vs. LLII - Dividend Comparison
FXA's dividend yield for the trailing twelve months is around 0.95%, less than LLII's 25.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXA Invesco CurrencyShares Australian Dollar Trust | 0.95% | 1.16% | 1.66% | 0.98% | 0.05% | 0.00% | 0.03% | 0.53% | 1.04% | 0.83% | 1.01% | 1.52% |
LLII REX LLY Growth & Income ETF | 25.95% | 5.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXA and LLII have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FXA is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FXA is cheaper with a 0.40% expense ratio, compared with 0.99% for LLII.
LLII has the higher dividend yield at 25.95%, compared with 0.95% for FXA.
FXA is categorized as Currency, while LLII is Derivative Income. They also come from different issuers: Invesco and REX. Their fees differ too: 0.40% for FXA and 0.99% for LLII.
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