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FXA vs. QQQ
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FXA and QQQ is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.5

Performance

FXA vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco CurrencyShares Australian Dollar Trust (FXA) and Invesco QQQ (QQQ). The values are adjusted to include any dividend payments, if applicable.

0.00%500.00%1,000.00%1,500.00%NovemberDecember2025FebruaryMarchApril
26.73%
1,318.67%
FXA
QQQ

Key characteristics

Sharpe Ratio

FXA:

0.09

QQQ:

0.49

Sortino Ratio

FXA:

0.19

QQQ:

0.85

Omega Ratio

FXA:

1.02

QQQ:

1.12

Calmar Ratio

FXA:

0.02

QQQ:

0.54

Martin Ratio

FXA:

0.15

QQQ:

1.86

Ulcer Index

FXA:

5.76%

QQQ:

6.59%

Daily Std Dev

FXA:

10.10%

QQQ:

25.26%

Max Drawdown

FXA:

-40.97%

QQQ:

-82.98%

Current Drawdown

FXA:

-32.86%

QQQ:

-13.25%

Returns By Period

In the year-to-date period, FXA achieves a 4.00% return, which is significantly higher than QQQ's -8.45% return. Over the past 10 years, FXA has underperformed QQQ with an annualized return of -1.40%, while QQQ has yielded a comparatively higher 16.49% annualized return.


FXA

YTD

4.00%

1M

1.85%

6M

-2.84%

1Y

0.02%

5Y*

0.52%

10Y*

-1.40%

QQQ

YTD

-8.45%

1M

-5.29%

6M

-4.78%

1Y

10.24%

5Y*

17.72%

10Y*

16.49%

*Annualized

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FXA vs. QQQ - Expense Ratio Comparison

FXA has a 0.40% expense ratio, which is higher than QQQ's 0.20% expense ratio.


Expense ratio chart for FXA: current value is 0.40%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
FXA: 0.40%
Expense ratio chart for QQQ: current value is 0.20%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
QQQ: 0.20%

Risk-Adjusted Performance

FXA vs. QQQ — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXA
The Risk-Adjusted Performance Rank of FXA is 2525
Overall Rank
The Sharpe Ratio Rank of FXA is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of FXA is 2424
Sortino Ratio Rank
The Omega Ratio Rank of FXA is 2424
Omega Ratio Rank
The Calmar Ratio Rank of FXA is 2424
Calmar Ratio Rank
The Martin Ratio Rank of FXA is 2525
Martin Ratio Rank

QQQ
The Risk-Adjusted Performance Rank of QQQ is 6161
Overall Rank
The Sharpe Ratio Rank of QQQ is 5858
Sharpe Ratio Rank
The Sortino Ratio Rank of QQQ is 6161
Sortino Ratio Rank
The Omega Ratio Rank of QQQ is 6161
Omega Ratio Rank
The Calmar Ratio Rank of QQQ is 6767
Calmar Ratio Rank
The Martin Ratio Rank of QQQ is 5959
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FXA vs. QQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares Australian Dollar Trust (FXA) and Invesco QQQ (QQQ). 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.


The chart of Sharpe ratio for FXA, currently valued at 0.09, compared to the broader market-1.000.001.002.003.004.00
FXA: 0.09
QQQ: 0.49
The chart of Sortino ratio for FXA, currently valued at 0.19, compared to the broader market-2.000.002.004.006.008.00
FXA: 0.19
QQQ: 0.85
The chart of Omega ratio for FXA, currently valued at 1.02, compared to the broader market0.501.001.502.002.50
FXA: 1.02
QQQ: 1.12
The chart of Calmar ratio for FXA, currently valued at 0.02, compared to the broader market0.002.004.006.008.0010.0012.00
FXA: 0.02
QQQ: 0.54
The chart of Martin ratio for FXA, currently valued at 0.15, compared to the broader market0.0020.0040.0060.00
FXA: 0.15
QQQ: 1.86

The current FXA Sharpe Ratio is 0.09, which is lower than the QQQ Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of FXA and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
0.09
0.49
FXA
QQQ

Dividends

FXA vs. QQQ - Dividend Comparison

FXA's dividend yield for the trailing twelve months is around 1.54%, more than QQQ's 0.64% yield.


TTM20242023202220212020201920182017201620152014
FXA
Invesco CurrencyShares Australian Dollar Trust
1.54%1.66%0.98%0.05%0.00%0.03%0.53%1.04%0.83%1.01%1.52%2.01%
QQQ
Invesco QQQ
0.64%0.56%0.62%0.80%0.43%0.55%0.74%0.91%0.84%1.06%0.99%1.41%

Drawdowns

FXA vs. QQQ - Drawdown Comparison

The maximum FXA drawdown since its inception was -40.97%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FXA and QQQ. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-32.86%
-13.25%
FXA
QQQ

Volatility

FXA vs. QQQ - Volatility Comparison

The current volatility for Invesco CurrencyShares Australian Dollar Trust (FXA) is 6.12%, while Invesco QQQ (QQQ) has a volatility of 16.89%. This indicates that FXA experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
6.12%
16.89%
FXA
QQQ