FXE vs. FXC
Compare and contrast key facts about Invesco CurrencyShares® Euro Currency Trust (FXE) and Invesco CurrencyShares® Canadian Dollar Trust (FXC).
FXE and FXC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXE is a passively managed fund by Invesco that tracks the performance of the Euro. It was launched on Dec 9, 2005. FXC is a passively managed fund by Invesco that tracks the performance of the Canadian Dollar. It was launched on Jun 26, 2006. Both FXE and FXC 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: FXE or FXC.
Correlation
The correlation between FXE and FXC 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
FXE vs. FXC - Performance Comparison
Key characteristics
FXE:
-0.20
FXC:
-0.63
FXE:
-0.24
FXC:
-0.90
FXE:
0.97
FXC:
0.90
FXE:
-0.03
FXC:
-0.10
FXE:
-0.36
FXC:
-1.03
FXE:
3.50%
FXC:
3.07%
FXE:
6.42%
FXC:
4.99%
FXE:
-43.33%
FXC:
-35.38%
FXE:
-35.70%
FXC:
-30.75%
Returns By Period
The year-to-date returns for both investments are quite close, with FXE having a 1.23% return and FXC slightly higher at 1.24%. Over the past 10 years, FXE has underperformed FXC with an annualized return of -1.04%, while FXC has yielded a comparatively higher -0.85% annualized return.
FXE
1.23%
0.60%
-5.74%
-1.40%
-0.43%
-1.04%
FXC
1.24%
1.27%
-4.37%
-3.44%
-0.70%
-0.85%
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FXE vs. FXC - Expense Ratio Comparison
Both FXE and FXC have an expense ratio of 0.40%.
Risk-Adjusted Performance
FXE vs. FXC — Risk-Adjusted Performance Rank
FXE
FXC
FXE vs. FXC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Euro Currency Trust (FXE) and Invesco CurrencyShares® Canadian Dollar Trust (FXC). 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
FXE vs. FXC - Dividend Comparison
FXE's dividend yield for the trailing twelve months is around 2.12%, more than FXC's 1.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXE Invesco CurrencyShares® Euro Currency Trust | 2.12% | 2.29% | 1.49% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXC Invesco CurrencyShares® Canadian Dollar Trust | 1.94% | 2.24% | 2.01% | 0.31% | 0.00% | 0.19% | 0.75% | 0.42% | 0.02% | 0.00% | 0.02% | 0.24% |
Drawdowns
FXE vs. FXC - Drawdown Comparison
The maximum FXE drawdown since its inception was -43.33%, which is greater than FXC's maximum drawdown of -35.38%. Use the drawdown chart below to compare losses from any high point for FXE and FXC. For additional features, visit the drawdowns tool.
Volatility
FXE vs. FXC - Volatility Comparison
Invesco CurrencyShares® Euro Currency Trust (FXE) and Invesco CurrencyShares® Canadian Dollar Trust (FXC) have volatilities of 2.17% and 2.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.