FXC vs. IWM
Compare and contrast key facts about Invesco CurrencyShares® Canadian Dollar Trust (FXC) and iShares Russell 2000 ETF (IWM).
FXC and IWM 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. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both FXC and IWM 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 IWM.
Correlation
The correlation between FXC and IWM is 0.44, 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.
Performance
FXC vs. IWM - Performance Comparison
Key characteristics
FXC:
0.21
IWM:
0.15
FXC:
0.38
IWM:
0.38
FXC:
1.04
IWM:
1.05
FXC:
0.04
IWM:
0.13
FXC:
0.32
IWM:
0.39
FXC:
3.68%
IWM:
9.06%
FXC:
5.67%
IWM:
24.06%
FXC:
-35.38%
IWM:
-59.05%
FXC:
-28.57%
IWM:
-16.86%
Returns By Period
In the year-to-date period, FXC achieves a 4.43% return, which is significantly higher than IWM's -9.07% return. Over the past 10 years, FXC has underperformed IWM with an annualized return of -0.89%, while IWM has yielded a comparatively higher 6.61% annualized return.
FXC
4.43%
3.75%
1.50%
0.51%
1.16%
-0.89%
IWM
-9.07%
-1.08%
-7.97%
1.43%
11.30%
6.61%
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FXC vs. IWM - Expense Ratio Comparison
FXC has a 0.40% expense ratio, which is higher than IWM's 0.19% expense ratio.
Risk-Adjusted Performance
FXC vs. IWM — Risk-Adjusted Performance Rank
FXC
IWM
FXC vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Canadian Dollar Trust (FXC) and iShares Russell 2000 ETF (IWM). 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. IWM - Dividend Comparison
FXC's dividend yield for the trailing twelve months is around 1.43%, more than IWM's 1.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IWM iShares Russell 2000 ETF | 1.23% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% |
Drawdowns
FXC vs. IWM - Drawdown Comparison
The maximum FXC drawdown since its inception was -35.38%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for FXC and IWM. For additional features, visit the drawdowns tool.
Volatility
FXC vs. IWM - Volatility Comparison
The current volatility for Invesco CurrencyShares® Canadian Dollar Trust (FXC) is 2.76%, while iShares Russell 2000 ETF (IWM) has a volatility of 13.97%. This indicates that FXC experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.