FXC vs. USO
Compare and contrast key facts about Invesco CurrencyShares® Canadian Dollar Trust (FXC) and United States Oil Fund LP (USO).
FXC and USO 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. USO is a passively managed fund by Concierge Technologies that tracks the performance of the Front Month Light Sweet Crude Oil. It was launched on Apr 10, 2006. Both FXC and USO 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 USO.
Correlation
The correlation between FXC and USO is 0.42, 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. USO - Performance Comparison
Key characteristics
FXC:
-0.75
USO:
0.39
FXC:
-1.05
USO:
0.73
FXC:
0.88
USO:
1.08
FXC:
-0.12
USO:
0.11
FXC:
-1.28
USO:
1.18
FXC:
2.92%
USO:
8.66%
FXC:
5.01%
USO:
26.50%
FXC:
-35.38%
USO:
-98.19%
FXC:
-31.05%
USO:
-91.93%
Returns By Period
In the year-to-date period, FXC achieves a 0.80% return, which is significantly higher than USO's 0.41% return. Over the past 10 years, FXC has outperformed USO with an annualized return of -0.83%, while USO has yielded a comparatively lower -6.70% annualized return.
FXC
0.80%
0.82%
-3.21%
-3.94%
-0.66%
-0.83%
USO
0.41%
-1.86%
-0.47%
6.07%
-2.17%
-6.70%
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FXC vs. USO - Expense Ratio Comparison
FXC has a 0.40% expense ratio, which is lower than USO's 0.79% expense ratio.
Risk-Adjusted Performance
FXC vs. USO — Risk-Adjusted Performance Rank
FXC
USO
FXC vs. USO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Canadian Dollar Trust (FXC) and United States Oil Fund LP (USO). 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. USO - Dividend Comparison
FXC's dividend yield for the trailing twelve months is around 1.95%, while USO has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXC Invesco CurrencyShares® Canadian Dollar Trust | 1.95% | 2.24% | 2.01% | 0.31% | 0.00% | 0.19% | 0.75% | 0.42% | 0.02% | 0.00% | 0.02% | 0.24% |
USO United States Oil Fund LP | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXC vs. USO - Drawdown Comparison
The maximum FXC drawdown since its inception was -35.38%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for FXC and USO. For additional features, visit the drawdowns tool.
Volatility
FXC vs. USO - Volatility Comparison
The current volatility for Invesco CurrencyShares® Canadian Dollar Trust (FXC) is 2.32%, while United States Oil Fund LP (USO) has a volatility of 7.62%. This indicates that FXC experiences smaller price fluctuations and is considered to be less risky than USO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.