FXA vs. XLV
Compare and contrast key facts about Invesco CurrencyShares Australian Dollar Trust (FXA) and Health Care Select Sector SPDR Fund (XLV).
FXA and XLV 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. XLV is a passively managed fund by State Street that tracks the performance of the Health Care Select Sector. It was launched on Dec 16, 1998. Both FXA and XLV 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 XLV.
Performance
FXA vs. XLV - Performance Comparison
Returns By Period
In the year-to-date period, FXA achieves a -3.07% return, which is significantly lower than XLV's 6.80% return. Over the past 10 years, FXA has underperformed XLV with an annualized return of -2.13%, while XLV has yielded a comparatively higher 9.46% annualized return.
FXA
-3.07%
-2.39%
-0.63%
1.12%
-0.51%
-2.13%
XLV
6.80%
-4.69%
0.15%
12.17%
9.84%
9.46%
Key characteristics
| FXA | XLV | |
|---|---|---|
| Sharpe Ratio | 0.10 | 1.17 |
| Sortino Ratio | 0.21 | 1.66 |
| Omega Ratio | 1.02 | 1.21 |
| Calmar Ratio | 0.03 | 1.29 |
| Martin Ratio | 0.28 | 4.56 |
| Ulcer Index | 3.17% | 2.79% |
| Daily Std Dev | 8.59% | 10.84% |
| Max Drawdown | -40.97% | -39.18% |
| Current Drawdown | -32.17% | -8.06% |
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FXA vs. XLV - Expense Ratio Comparison
FXA has a 0.40% expense ratio, which is higher than XLV's 0.12% expense ratio.
Correlation
The correlation between FXA and XLV is 0.35, 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. XLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares Australian Dollar Trust (FXA) and Health Care Select Sector SPDR Fund (XLV). 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. XLV - Dividend Comparison
FXA's dividend yield for the trailing twelve months is around 1.56%, less than XLV's 1.58% 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% |
XLV Health Care Select Sector SPDR Fund | 1.58% | 1.59% | 1.47% | 1.33% | 1.49% | 2.17% | 1.58% | 1.47% | 1.60% | 1.43% | 1.35% | 1.52% |
Drawdowns
FXA vs. XLV - Drawdown Comparison
The maximum FXA drawdown since its inception was -40.97%, roughly equal to the maximum XLV drawdown of -39.18%. Use the drawdown chart below to compare losses from any high point for FXA and XLV. For additional features, visit the drawdowns tool.
Volatility
FXA vs. XLV - Volatility Comparison
The current volatility for Invesco CurrencyShares Australian Dollar Trust (FXA) is 3.21%, while Health Care Select Sector SPDR Fund (XLV) has a volatility of 3.80%. This indicates that FXA experiences smaller price fluctuations and is considered to be less risky than XLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.