Correlation
The correlation between FXB and FXC is 0.24, 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.
FXB vs. FXC
Compare and contrast key facts about Invesco CurrencyShares® British Pound Sterling Trust (FXB) and Invesco CurrencyShares® Canadian Dollar Trust (FXC).
FXB and FXC 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. FXC is a passively managed fund by Invesco that tracks the performance of the Canadian Dollar. It was launched on Jun 26, 2006. Both FXB and FXC 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 FXC.
Performance
FXB vs. FXC - Performance Comparison
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Key characteristics
FXB:
1.20
FXC:
0.17
FXB:
1.72
FXC:
0.25
FXB:
1.21
FXC:
1.03
FXB:
0.23
FXC:
0.02
FXB:
2.52
FXC:
0.20
FXB:
3.46%
FXC:
3.75%
FXB:
7.51%
FXC:
5.82%
FXB:
-48.98%
FXC:
-35.38%
FXB:
-30.79%
FXC:
-28.11%
Returns By Period
In the year-to-date period, FXB achieves a 8.83% return, which is significantly higher than FXC's 5.11% return. Over the past 10 years, FXB has underperformed FXC with an annualized return of -0.75%, while FXC has yielded a comparatively higher -0.55% annualized return.
FXB
8.83%
1.28%
7.37%
8.97%
4.84%
3.13%
-0.75%
FXC
5.11%
0.52%
2.47%
1.00%
-1.11%
0.87%
-0.55%
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FXB vs. FXC - Expense Ratio Comparison
Both FXB and FXC have an expense ratio of 0.40%.
Risk-Adjusted Performance
FXB vs. FXC — Risk-Adjusted Performance Rank
FXB
FXC
FXB vs. FXC - 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® Canadian Dollar Trust (FXC). 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.
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Dividends
FXB vs. FXC - Dividend Comparison
FXB's dividend yield for the trailing twelve months is around 2.82%, more than FXC's 1.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | 2.82% | 3.25% | 2.60% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXC Invesco CurrencyShares® Canadian Dollar Trust | 1.43% | 2.24% | 2.01% | 0.31% | 0.00% | 0.19% | 0.75% | 0.42% | 0.02% | 0.00% | 0.02% | 0.24% |
Drawdowns
FXB vs. FXC - Drawdown Comparison
The maximum FXB drawdown since its inception was -48.98%, which is greater than FXC's maximum drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for FXB and FXC.
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Volatility
FXB vs. FXC - Volatility Comparison
Invesco CurrencyShares® British Pound Sterling Trust (FXB) has a higher volatility of 2.25% compared to Invesco CurrencyShares® Canadian Dollar Trust (FXC) at 1.94%. This indicates that FXB's price experiences larger fluctuations and is considered to be riskier than FXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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