FXC vs. TLT
Compare and contrast key facts about Invesco CurrencyShares® Canadian Dollar Trust (FXC) and iShares 20+ Year Treasury Bond ETF (TLT).
FXC and TLT 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. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both FXC and TLT 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 TLT.
Correlation
The correlation between FXC and TLT 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. TLT - Performance Comparison
Key characteristics
FXC:
-0.08
TLT:
0.01
FXC:
0.06
TLT:
0.09
FXC:
1.01
TLT:
1.01
FXC:
0.00
TLT:
-0.00
FXC:
0.01
TLT:
-0.01
FXC:
3.70%
TLT:
7.81%
FXC:
5.68%
TLT:
14.43%
FXC:
-35.38%
TLT:
-48.35%
FXC:
-29.18%
TLT:
-42.09%
Returns By Period
In the year-to-date period, FXC achieves a 3.55% return, which is significantly higher than TLT's 1.08% return. Over the past 10 years, FXC has underperformed TLT with an annualized return of -1.02%, while TLT has yielded a comparatively higher -0.62% annualized return.
FXC
3.55%
1.41%
0.39%
-0.42%
0.79%
-1.02%
TLT
1.08%
-1.69%
-3.86%
0.07%
-9.49%
-0.62%
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FXC vs. TLT - Expense Ratio Comparison
FXC has a 0.40% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
FXC vs. TLT — Risk-Adjusted Performance Rank
FXC
TLT
FXC vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Canadian Dollar Trust (FXC) and iShares 20+ Year Treasury Bond ETF (TLT). 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. TLT - Dividend Comparison
FXC's dividend yield for the trailing twelve months is around 1.45%, less than TLT's 4.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXC Invesco CurrencyShares® Canadian Dollar Trust | 1.45% | 2.24% | 2.01% | 0.31% | 0.00% | 0.19% | 0.75% | 0.42% | 0.02% | 0.00% | 0.02% | 0.24% |
TLT iShares 20+ Year Treasury Bond ETF | 4.35% | 4.30% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% |
Drawdowns
FXC vs. TLT - Drawdown Comparison
The maximum FXC drawdown since its inception was -35.38%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for FXC and TLT. For additional features, visit the drawdowns tool.
Volatility
FXC vs. TLT - Volatility Comparison
The current volatility for Invesco CurrencyShares® Canadian Dollar Trust (FXC) is 2.00%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 4.67%. This indicates that FXC experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.