FXB vs. FXC
FXB (Invesco CurrencyShares® British Pound Sterling Trust) and FXC (Invesco CurrencyShares® Canadian Dollar Trust) are both Currency funds from Invesco - FXB tracks the British Pound while FXC tracks the Canadian Dollar. Both are passively managed. Over the past 10 years, FXB returned 0.00%/yr vs -0.20%/yr for FXC. At a 0.46 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.
Performance
FXB vs. FXC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FXB achieves a 0.38% return, which is significantly higher than FXC's -1.15% return.
FXB
- 1D
- -0.35%
- 1M
- -0.76%
- YTD
- 0.38%
- 6M
- 1.56%
- 1Y
- 1.45%
- 3Y*
- 5.39%
- 5Y*
- 0.78%
- 10Y*
- 0.00%
FXC
- 1D
- -0.41%
- 1M
- -2.04%
- YTD
- -1.15%
- 6M
- 0.45%
- 1Y
- -1.04%
- 3Y*
- 0.12%
- 5Y*
- -1.87%
- 10Y*
- -0.20%
FXB vs. FXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | 0.38% | 10.37% | 1.35% | 8.58% | -10.45% | -1.54% | 2.87% | 3.87% | -5.75% | 9.10% |
FXC Invesco CurrencyShares® Canadian Dollar Trust | -1.15% | 5.24% | -5.96% | 4.35% | -6.44% | 0.22% | 1.92% | 5.94% | -7.54% | 6.72% |
Correlation
The correlation between FXB and FXC is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2006 | 0.46 |
The correlation between FXB and FXC shifts across timeframes, from 0.46 (all time) to 0.59 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FXB vs. FXC — Risk / Return Rank
FXB
FXC
FXB vs. FXC - Risk-Adjusted Trends 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.
| FXB | FXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.45 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.97 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | -0.28 | +0.60 |
| Martin ratioReturn relative to average drawdown | 0.67 | -0.52 | +1.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FXB | FXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | -0.23 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | -0.29 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.00 | -0.03 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.08 | -0.05 | -0.02 |
Drawdowns
FXB vs. FXC - Drawdown Comparison
The maximum FXB drawdown since its inception was -48.99%, which is greater than FXC's maximum drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for FXB and FXC.
Loading charts...
Drawdown Indicators
| FXB | FXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.99% | -35.39% | -13.60% |
Max Drawdown (1Y)Largest decline over 1 year | -4.53% | -3.78% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -8.44% | -7.34% | -1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.83% | -13.53% | -11.30% |
Max Drawdown (10Y)Largest decline over 10 years | -29.30% | -15.46% | -13.84% |
Current DrawdownCurrent decline from peak | -29.55% | -28.86% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -27.54% | -19.92% | -7.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.16% | 1.98% | +0.18% |
Volatility
FXB vs. FXC - Volatility Comparison
Invesco CurrencyShares® British Pound Sterling Trust (FXB) has a higher volatility of 1.78% compared to Invesco CurrencyShares® Canadian Dollar Trust (FXC) at 0.77%. 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.
Loading charts...
Volatility by Period
| FXB | FXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.78% | 0.77% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 4.84% | 3.28% | +1.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.54% | 4.50% | +2.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 6.37% | +2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.30% | 6.66% | +2.64% |
FXB vs. FXC - Expense Ratio Comparison
Both FXB and FXC have an expense ratio of 0.40%.
Dividends
FXB vs. FXC - Dividend Comparison
FXB's dividend yield for the trailing twelve months is around 2.20%, more than FXC's 0.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXB Invesco CurrencyShares® British Pound Sterling Trust | 2.20% | 2.44% | 3.25% | 2.59% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXC Invesco CurrencyShares® Canadian Dollar Trust | 0.26% | 0.55% | 2.23% | 2.01% | 0.31% | 0.00% | 0.19% | 0.75% | 0.42% | 0.02% | 0.00% | 0.02% |
Frequently Asked Questions
FXB and FXC have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXB has higher volatility (1.78%) compared to FXC (0.77%). In terms of maximum drawdown, FXB dropped -48.99% vs FXC's -35.39%.
On 10-year performance, FXB leads with 0.00% vs -0.20% for FXC. Both ETFs have the same 0.40% expense ratio. On volatility, FXC has been the lower-risk option at 0.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FXB has performed better with a 0.00% return vs -0.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXB and FXC have the same expense ratio: 0.40% per year.
FXB has the higher dividend yield at 2.20%, compared with 0.26% for FXC.
FXB tracks British Pound, while FXC tracks Canadian Dollar.
FXB currently has the higher Sharpe Ratio (0.22 vs -0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for FXB and FXC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer