FXC vs. DIA

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco CurrencyShares® Canadian Dollar Trust (FXC) and SPDR Dow Jones Industrial Average ETF (DIA).

FXC and DIA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXC is a passively managed fund by Invesco that tracks the performance of the Canadian Dollar. It was launched on Jun 26, 2006. DIA is a passively managed fund by State Street that tracks the performance of the Dow Jones Industrial Average. It was launched on Jan 14, 1998. Both FXC and DIA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FXC vs. DIA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco CurrencyShares® Canadian Dollar Trust (FXC) and SPDR Dow Jones Industrial Average ETF (DIA). The values are adjusted to include any dividend payments, if applicable.

FXC vs. DIA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FXC Invesco CurrencyShares® Canadian Dollar Trust	-1.29%	5.24%	-5.96%	4.35%	-6.44%	0.22%	1.92%	5.94%	-7.54%	6.72%
DIA SPDR Dow Jones Industrial Average ETF	-3.25%	14.71%	14.82%	16.02%	-7.02%	20.83%	9.59%	24.70%	-3.74%	28.08%

Returns By Period

In the year-to-date period, FXC achieves a -1.29% return, which is significantly higher than DIA's -3.25% return. Over the past 10 years, FXC has underperformed DIA with an annualized return of -0.16%, while DIA has yielded a comparatively higher 12.22% annualized return.

FXC

• 1D: 0.04%
• 1M: -1.92%
• YTD: -1.29%
• 6M: 0.06%
• 1Y: 3.69%
• 3Y*: 0.42%
• 5Y*: -1.15%
• 10Y*: -0.16%

DIA

• 1D: 2.46%
• 1M: -5.20%
• YTD: -3.25%
• 6M: 0.64%
• 1Y: 12.04%
• 3Y*: 13.58%
• 5Y*: 8.82%
• 10Y*: 12.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FXC vs. DIA - Expense Ratio Comparison

FXC has a 0.40% expense ratio, which is higher than DIA's 0.16% expense ratio.

FXC

Invesco CurrencyShares® Canadian Dollar Trust

DIA

SPDR Dow Jones Industrial Average ETF

Return for Risk

FXC vs. DIA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FXC

FXC Risk / Return Rank: 33
FXC Sharpe Ratio Rank: 37
FXC Sortino Ratio Rank: 40
FXC Omega Ratio Rank: 32
FXC Calmar Ratio Rank: 34
FXC Martin Ratio Rank: 24

DIA

DIA Risk / Return Rank: 47
DIA Sharpe Ratio Rank: 42
DIA Sortino Ratio Rank: 44
DIA Omega Ratio Rank: 43
DIA Calmar Ratio Rank: 53
DIA Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FXC vs. DIA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Canadian Dollar Trust (FXC) and SPDR Dow Jones Industrial Average ETF (DIA). 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.

	FXC	DIA	Difference
Sharpe ratio Return per unit of total volatility	0.68	0.72	-0.04
Sortino ratio Return per unit of downside risk	1.12	1.14	-0.03
Omega ratio Gain probability vs. loss probability	1.13	1.16	-0.03
Calmar ratio Return relative to maximum drawdown	0.84	1.22	-0.39
Martin ratio Return relative to average drawdown	1.72	4.51	-2.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FXC vs. DIA - Sharpe Ratio Comparison

The current FXC Sharpe Ratio is 0.68, which is comparable to the DIA Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of FXC and DIA, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FXC	DIA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.68	0.72	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	0.60	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	0.70	-0.72
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.47	-0.53

Correlation

The correlation between FXC and DIA is 0.42, 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.

Dividends

FXC vs. DIA - Dividend Comparison

FXC's dividend yield for the trailing twelve months is around 0.37%, less than DIA's 1.52% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXC Invesco CurrencyShares® Canadian Dollar Trust	0.37%	0.55%	2.23%	2.01%	0.31%	0.00%	0.19%	0.75%	0.42%	0.02%	0.00%	0.02%
DIA SPDR Dow Jones Industrial Average ETF	1.52%	1.43%	1.61%	1.81%	1.91%	1.58%	1.87%	1.85%	2.24%	1.97%	2.26%	2.33%

Drawdowns

FXC vs. DIA - Drawdown Comparison

The maximum FXC drawdown since its inception was -35.39%, smaller than the maximum DIA drawdown of -51.87%. Use the drawdown chart below to compare losses from any high point for FXC and DIA.

Drawdown Indicators

	FXC	DIA	Difference
Max Drawdown Largest peak-to-trough decline	-35.39%	-51.87%	+16.48%
Max Drawdown (1Y) Largest decline over 1 year	-3.78%	-10.79%	+7.01%
Max Drawdown (5Y) Largest decline over 5 years	-13.86%	-20.76%	+6.90%
Max Drawdown (10Y) Largest decline over 10 years	-15.46%	-36.70%	+21.24%
Current Drawdown Current decline from peak	-28.96%	-7.40%	-21.56%
Average Drawdown Average peak-to-trough decline	-19.84%	-7.18%	-12.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	2.92%	-1.09%

Volatility

FXC vs. DIA - Volatility Comparison

The current volatility for Invesco CurrencyShares® Canadian Dollar Trust (FXC) is 1.29%, while SPDR Dow Jones Industrial Average ETF (DIA) has a volatility of 4.92%. This indicates that FXC experiences smaller price fluctuations and is considered to be less risky than DIA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FXC	DIA	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.29%	4.92%	-3.63%
Volatility (6M) Calculated over the trailing 6-month period	3.31%	9.23%	-5.92%
Volatility (1Y) Calculated over the trailing 1-year period	5.47%	16.84%	-11.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.43%	14.73%	-8.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.76%	17.51%	-10.75%