FXC vs. QQQ
Compare and contrast key facts about Invesco CurrencyShares® Canadian Dollar Trust (FXC) and Invesco QQQ (QQQ).
FXC and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both FXC and QQQ 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 QQQ.
Performance
FXC vs. QQQ - Performance Comparison
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Key characteristics
FXC:
0.15
QQQ:
0.47
FXC:
0.36
QQQ:
0.94
FXC:
1.04
QQQ:
1.13
FXC:
0.04
QQQ:
0.61
FXC:
0.31
QQQ:
1.99
FXC:
3.76%
QQQ:
7.03%
FXC:
5.96%
QQQ:
25.62%
FXC:
-35.38%
QQQ:
-82.98%
FXC:
-27.79%
QQQ:
-0.75%
Returns By Period
In the year-to-date period, FXC achieves a 5.57% return, which is significantly lower than QQQ's 8.26% return. Over the past 10 years, FXC has underperformed QQQ with an annualized return of -0.29%, while QQQ has yielded a comparatively higher 18.67% annualized return.
FXC
- YTD
- 5.57%
- 1M
- 0.21%
- 6M
- 5.17%
- 1Y
- 0.88%
- 3Y*
- -0.16%
- 5Y*
- 0.59%
- 10Y*
- -0.29%
QQQ
- YTD
- 8.26%
- 1M
- 4.29%
- 6M
- 5.52%
- 1Y
- 11.89%
- 3Y*
- 23.99%
- 5Y*
- 16.97%
- 10Y*
- 18.67%
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FXC vs. QQQ - Expense Ratio Comparison
FXC has a 0.40% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
FXC vs. QQQ — Risk-Adjusted Performance Rank
FXC
QQQ
FXC vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Canadian Dollar Trust (FXC) and Invesco QQQ (QQQ). 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 QQQ 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.
Dividends
FXC vs. QQQ - Dividend Comparison
FXC's dividend yield for the trailing twelve months is around 1.13%, more than QQQ's 0.51% yield.
| 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% |
QQQ Invesco QQQ | 0.51% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
FXC vs. QQQ - Drawdown Comparison
The maximum FXC drawdown since its inception was -35.38%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for FXC and QQQ.
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Volatility
FXC vs. QQQ - Volatility Comparison
The current volatility for Invesco CurrencyShares® Canadian Dollar Trust (FXC) is 1.69%, while Invesco QQQ (QQQ) has a volatility of 3.75%. This indicates that FXC experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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