FXA vs. QQQ
Compare and contrast key facts about Invesco CurrencyShares Australian Dollar Trust (FXA) and Invesco QQQ (QQQ).
FXA and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both FXA and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXA or QQQ.
Performance
FXA vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, FXA achieves a -3.07% return, which is significantly lower than QQQ's 23.84% return. Over the past 10 years, FXA has underperformed QQQ with an annualized return of -2.13%, while QQQ has yielded a comparatively higher 18.03% annualized return.
FXA
-3.07%
-2.39%
-0.63%
1.12%
-0.51%
-2.13%
QQQ
23.84%
1.82%
11.65%
30.35%
20.97%
18.03%
Key characteristics
| FXA | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.10 | 1.78 |
| Sortino Ratio | 0.21 | 2.37 |
| Omega Ratio | 1.02 | 1.32 |
| Calmar Ratio | 0.03 | 2.28 |
| Martin Ratio | 0.28 | 8.27 |
| Ulcer Index | 3.17% | 3.73% |
| Daily Std Dev | 8.59% | 17.37% |
| Max Drawdown | -40.97% | -82.98% |
| Current Drawdown | -32.17% | -1.78% |
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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.
Correlation
The correlation between FXA and QQQ is 0.40, 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. 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.
Dividends
FXA vs. QQQ - Dividend Comparison
FXA's dividend yield for the trailing twelve months is around 1.56%, more than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXA Invesco CurrencyShares Australian Dollar Trust | 1.56% | 0.98% | 0.05% | 0.00% | 0.03% | 0.53% | 1.04% | 0.83% | 1.01% | 1.52% | 2.01% | 2.14% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
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.
Volatility
FXA vs. QQQ - Volatility Comparison
The current volatility for Invesco CurrencyShares Australian Dollar Trust (FXA) is 3.21%, while Invesco QQQ (QQQ) has a volatility of 5.41%. 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.