FXC vs. GLD
Compare and contrast key facts about Invesco CurrencyShares® Canadian Dollar Trust (FXC) and SPDR Gold Trust (GLD).
FXC and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both FXC and GLD 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: FXC or GLD.
Performance
FXC vs. GLD - Performance Comparison
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Key characteristics
FXC:
0.15
GLD:
2.22
FXC:
0.36
GLD:
3.25
FXC:
1.04
GLD:
1.41
FXC:
0.04
GLD:
5.25
FXC:
0.31
GLD:
14.09
FXC:
3.76%
GLD:
3.02%
FXC:
5.96%
GLD:
17.79%
FXC:
-35.38%
GLD:
-45.56%
FXC:
-27.79%
GLD:
-2.82%
Returns By Period
In the year-to-date period, FXC achieves a 5.57% return, which is significantly lower than GLD's 26.94% return. Over the past 10 years, FXC has underperformed GLD with an annualized return of -0.29%, while GLD has yielded a comparatively higher 10.67% annualized return.
FXC
- YTD
- 5.57%
- 1M
- 0.21%
- 6M
- 5.17%
- 1Y
- 0.88%
- 3Y*
- -0.16%
- 5Y*
- 0.59%
- 10Y*
- -0.29%
GLD
- YTD
- 26.94%
- 1M
- 0.72%
- 6M
- 26.39%
- 1Y
- 39.13%
- 3Y*
- 23.72%
- 5Y*
- 12.56%
- 10Y*
- 10.67%
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FXC vs. GLD - Expense Ratio Comparison
Both FXC and GLD have an expense ratio of 0.40%.
Risk-Adjusted Performance
FXC vs. GLD — Risk-Adjusted Performance Rank
FXC
GLD
FXC vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Canadian Dollar Trust (FXC) and SPDR Gold Trust (GLD). 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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Correlation
The correlation between FXC and GLD is 0.05, 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.
Dividends
FXC vs. GLD - Dividend Comparison
FXC's dividend yield for the trailing twelve months is around 1.13%, while GLD has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXC Invesco CurrencyShares® Canadian Dollar Trust | 1.13% | 2.24% | 2.01% | 0.31% | 0.00% | 0.19% | 0.75% | 0.42% | 0.02% | 0.00% | 0.02% | 0.24% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXC vs. GLD - Drawdown Comparison
The maximum FXC drawdown since its inception was -35.38%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for FXC and GLD.
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Volatility
FXC vs. GLD - Volatility Comparison
The current volatility for Invesco CurrencyShares® Canadian Dollar Trust (FXC) is 1.69%, while SPDR Gold Trust (GLD) has a volatility of 4.24%. This indicates that FXC experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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