FXF vs. CWST
FXF (Invesco CurrencyShares® Swiss Franc Trust) is Currency fund tracking the Swiss Franc, while CWST (Casella Waste Systems, Inc.) is a stock. Over the past 10 years, FXF returned 1.06%/yr vs 28.10%/yr for CWST. At a 0.00 correlation, their price movements are largely independent.
Performance
FXF vs. CWST - Performance Comparison
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Returns By Period
In the year-to-date period, FXF achieves a -0.80% return, which is significantly higher than CWST's -8.75% return. Over the past 10 years, FXF has underperformed CWST with an annualized return of 1.06%, while CWST has yielded a comparatively higher 28.10% annualized return.
FXF
- 1D
- -0.15%
- 1M
- -1.31%
- YTD
- -0.80%
- 6M
- -0.32%
- 1Y
- 1.23%
- 3Y*
- 4.05%
- 5Y*
- 1.88%
- 10Y*
- 1.06%
CWST
- 1D
- -0.43%
- 1M
- 4.92%
- YTD
- -8.75%
- 6M
- -9.77%
- 1Y
- -24.11%
- 3Y*
- 0.57%
- 5Y*
- 6.31%
- 10Y*
- 28.10%
FXF vs. CWST - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXF Invesco CurrencyShares® Swiss Franc Trust | -0.80% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 8.18% | 0.32% | -2.01% | 3.31% |
CWST Casella Waste Systems, Inc. | -8.75% | -7.44% | 23.81% | 7.75% | -7.15% | 37.89% | 34.59% | 61.57% | 23.76% | 85.50% |
Correlation
The correlation between FXF and CWST is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2006 | 0.00 |
The correlation between FXF and CWST shifts across timeframes, from -0.03 (1 year) to 0.08 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
FXF vs. CWST — Risk / Return Rank
FXF
CWST
FXF vs. CWST - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Swiss Franc Trust (FXF) and Casella Waste Systems, Inc. (CWST). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FXF | CWST | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.89 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.25 | -0.68 | +0.93 |
| Martin ratioReturn relative to average drawdown | 0.54 | -1.16 | +1.70 |
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Drawdowns
FXF vs. CWST - Drawdown Comparison
The maximum FXF drawdown since its inception was -35.58%, smaller than the maximum CWST drawdown of -98.52%. Use the drawdown chart below to compare losses from any high point for FXF and CWST.
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Drawdown Indicators
| FXF | CWST | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.58% | -98.52% | +62.94% |
Max Drawdown (1Y)Largest decline over 1 year | -4.97% | -36.37% | +31.40% |
Max Drawdown (3Y)Largest decline over 3 years | -8.52% | -37.72% | +29.20% |
Max Drawdown (5Y)Largest decline over 5 years | -11.99% | -37.72% | +25.73% |
Max Drawdown (10Y)Largest decline over 10 years | -15.04% | -37.72% | +22.68% |
Current DrawdownCurrent decline from peak | -19.02% | -25.75% | +6.73% |
Average DrawdownAverage peak-to-trough decline | -20.83% | -53.02% | +32.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 21.53% | -19.25% |
Volatility
FXF vs. CWST - Volatility Comparison
The current volatility for Invesco CurrencyShares® Swiss Franc Trust (FXF) is 1.81%, while Casella Waste Systems, Inc. (CWST) has a volatility of 9.81%. This indicates that FXF experiences smaller price fluctuations and is considered to be less risky than CWST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXF | CWST | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.81% | 9.81% | -8.00% |
Volatility (6M)Calculated over the trailing 6-month period | 5.56% | 27.30% | -21.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.49% | 33.64% | -26.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 27.27% | -18.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.57% | 30.91% | -23.34% |
Dividends
FXF vs. CWST - Dividend Comparison
Neither FXF nor CWST has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CWST Casella Waste Systems, Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% |
Frequently Asked Questions
FXF and CWST have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CWST has higher volatility (9.81%) compared to FXF (1.81%). In terms of maximum drawdown, FXF dropped -35.58% vs CWST's -98.52%.
FXF currently has the higher Sharpe Ratio (0.17 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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