FXC vs. GOVZ
Compare and contrast key facts about Invesco CurrencyShares® Canadian Dollar Trust (FXC) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ).
FXC and GOVZ 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. GOVZ is a passively managed fund by iShares that tracks the performance of the ICE BofA Long US Treasury Principal STRIPS Index. It was launched on Sep 22, 2020. Both FXC and GOVZ 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 GOVZ.
Key characteristics
| FXC | GOVZ | |
|---|---|---|
| YTD Return | -2.93% | -16.31% |
| 1Y Return | 0.74% | -19.38% |
| 3Y Return (Ann) | -2.79% | -17.33% |
| Sharpe Ratio | 0.12 | -0.88 |
| Daily Std Dev | 5.57% | 26.12% |
| Max Drawdown | -35.39% | -59.65% |
| Current Drawdown | -29.40% | -55.29% |
Correlation
The correlation between FXC and GOVZ is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FXC vs. GOVZ - Performance Comparison
In the year-to-date period, FXC achieves a -2.93% return, which is significantly higher than GOVZ's -16.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FXC vs. GOVZ - Expense Ratio Comparison
FXC has a 0.40% expense ratio, which is higher than GOVZ's 0.15% expense ratio.
Risk-Adjusted Performance
FXC vs. GOVZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Canadian Dollar Trust (FXC) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ). 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
FXC vs. GOVZ - Dividend Comparison
FXC's dividend yield for the trailing twelve months is around 2.15%, less than GOVZ's 4.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXC Invesco CurrencyShares® Canadian Dollar Trust | 2.15% | 2.01% | 0.31% | 0.00% | 0.19% | 0.75% | 0.42% | 0.02% | 0.00% | 0.02% | 0.24% | 0.21% |
GOVZ iShares 25+ Year Treasury STRIPS Bond ETF | 4.13% | 3.84% | 3.69% | 1.76% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXC vs. GOVZ - Drawdown Comparison
The maximum FXC drawdown since its inception was -35.39%, smaller than the maximum GOVZ drawdown of -59.65%. Use the drawdown chart below to compare losses from any high point for FXC and GOVZ. For additional features, visit the drawdowns tool.
Volatility
FXC vs. GOVZ - Volatility Comparison
The current volatility for Invesco CurrencyShares® Canadian Dollar Trust (FXC) is 1.60%, while iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) has a volatility of 5.94%. This indicates that FXC experiences smaller price fluctuations and is considered to be less risky than GOVZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.