FXB vs. FXA
Compare and contrast key facts about Invesco CurrencyShares® British Pound Sterling Trust (FXB) and Invesco CurrencyShares Australian Dollar Trust (FXA).
FXB and FXA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXB is a passively managed fund by Invesco that tracks the performance of the British Pound. It was launched on Jun 26, 2006. 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. Both FXB and FXA 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: FXB or FXA.
Correlation
The correlation between FXB and FXA is 0.53, 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.
Performance
FXB vs. FXA - Performance Comparison
Key characteristics
FXB:
1.39
FXA:
0.13
FXB:
2.03
FXA:
0.24
FXB:
1.25
FXA:
1.03
FXB:
0.26
FXA:
0.03
FXB:
2.89
FXA:
0.23
FXB:
3.45%
FXA:
5.70%
FXB:
7.19%
FXA:
10.04%
FXB:
-48.98%
FXA:
-40.97%
FXB:
-32.06%
FXA:
-33.05%
Returns By Period
In the year-to-date period, FXB achieves a 6.83% return, which is significantly higher than FXA's 3.70% return. Over the past 10 years, FXB has outperformed FXA with an annualized return of -0.67%, while FXA has yielded a comparatively lower -1.24% annualized return.
FXB
6.83%
2.29%
3.15%
9.91%
2.50%
-0.67%
FXA
3.70%
0.72%
-3.94%
1.03%
0.54%
-1.24%
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FXB vs. FXA - Expense Ratio Comparison
Both FXB and FXA have an expense ratio of 0.40%.
Risk-Adjusted Performance
FXB vs. FXA — Risk-Adjusted Performance Rank
FXB
FXA
FXB vs. FXA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® British Pound Sterling Trust (FXB) and Invesco CurrencyShares Australian Dollar Trust (FXA). 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
FXB vs. FXA - Dividend Comparison
FXB's dividend yield for the trailing twelve months is around 2.90%, more than FXA's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | 2.90% | 3.25% | 2.59% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXA Invesco CurrencyShares Australian Dollar Trust | 1.55% | 1.66% | 0.98% | 0.05% | 0.00% | 0.03% | 0.53% | 1.04% | 0.83% | 1.01% | 1.52% | 2.01% |
Drawdowns
FXB vs. FXA - Drawdown Comparison
The maximum FXB drawdown since its inception was -48.98%, which is greater than FXA's maximum drawdown of -40.97%. Use the drawdown chart below to compare losses from any high point for FXB and FXA. For additional features, visit the drawdowns tool.
Volatility
FXB vs. FXA - Volatility Comparison
The current volatility for Invesco CurrencyShares® British Pound Sterling Trust (FXB) is 2.93%, while Invesco CurrencyShares Australian Dollar Trust (FXA) has a volatility of 6.07%. This indicates that FXB experiences smaller price fluctuations and is considered to be less risky than FXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.