FXA vs. SPYD
Compare and contrast key facts about Invesco CurrencyShares Australian Dollar Trust (FXA) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
FXA and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both FXA and SPYD 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 SPYD.
Performance
FXA vs. SPYD - Performance Comparison
Returns By Period
In the year-to-date period, FXA achieves a -3.18% return, which is significantly lower than SPYD's 20.83% return.
FXA
-3.18%
-2.79%
-1.69%
1.44%
-0.56%
-2.21%
SPYD
20.83%
-0.71%
13.85%
33.96%
8.59%
N/A
Key characteristics
| FXA | SPYD | |
|---|---|---|
| Sharpe Ratio | 0.26 | 2.66 |
| Sortino Ratio | 0.42 | 3.69 |
| Omega Ratio | 1.05 | 1.48 |
| Calmar Ratio | 0.07 | 2.17 |
| Martin Ratio | 0.71 | 17.67 |
| Ulcer Index | 3.12% | 1.96% |
| Daily Std Dev | 8.61% | 13.05% |
| Max Drawdown | -40.97% | -46.42% |
| Current Drawdown | -32.25% | -0.76% |
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FXA vs. SPYD - Expense Ratio Comparison
FXA has a 0.40% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Correlation
The correlation between FXA and SPYD is 0.41, 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.
Risk-Adjusted Performance
FXA vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares Australian Dollar Trust (FXA) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
FXA's dividend yield for the trailing twelve months is around 1.56%, less than SPYD's 4.03% 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% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.03% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
FXA vs. SPYD - Drawdown Comparison
The maximum FXA drawdown since its inception was -40.97%, smaller than the maximum SPYD drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for FXA and SPYD. For additional features, visit the drawdowns tool.
Volatility
FXA vs. SPYD - Volatility Comparison
Invesco CurrencyShares Australian Dollar Trust (FXA) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD) have volatilities of 3.28% and 3.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.