FXC vs. SPY
Compare and contrast key facts about Invesco CurrencyShares® Canadian Dollar Trust (FXC) and SPDR S&P 500 ETF (SPY).
FXC and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both FXC and SPY 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 SPY.
Key characteristics
| FXC | SPY | |
|---|---|---|
| YTD Return | -2.93% | 5.94% |
| 1Y Return | 0.74% | 22.56% |
| 3Y Return (Ann) | -2.79% | 7.95% |
| 5Y Return (Ann) | 0.18% | 13.35% |
| 10Y Return (Ann) | -1.93% | 12.34% |
| Sharpe Ratio | 0.12 | 1.93 |
| Daily Std Dev | 5.57% | 11.63% |
| Max Drawdown | -35.39% | -55.19% |
| Current Drawdown | -29.40% | -4.05% |
Correlation
The correlation between FXC and SPY is 0.46, 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. SPY - Performance Comparison
In the year-to-date period, FXC achieves a -2.93% return, which is significantly lower than SPY's 5.94% return. Over the past 10 years, FXC has underperformed SPY with an annualized return of -1.93%, while SPY has yielded a comparatively higher 12.34% annualized 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. SPY - Expense Ratio Comparison
FXC has a 0.40% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
FXC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Canadian Dollar Trust (FXC) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
FXC's dividend yield for the trailing twelve months is around 2.15%, more than SPY's 1.34% 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% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
FXC vs. SPY - Drawdown Comparison
The maximum FXC drawdown since its inception was -35.39%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for FXC and SPY. For additional features, visit the drawdowns tool.
Volatility
FXC vs. SPY - Volatility Comparison
The current volatility for Invesco CurrencyShares® Canadian Dollar Trust (FXC) is 1.60%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.91%. This indicates that FXC experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.