FXF vs. FXA
Compare and contrast key facts about Invesco CurrencyShares® Swiss Franc Trust (FXF) and Invesco CurrencyShares Australian Dollar Trust (FXA).
FXF and FXA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FXF is a passively managed fund by Invesco that tracks the performance of the Swiss Franc. It was launched on Jun 26, 2006. FXA is a passively managed fund by Invesco that tracks the performance of the USD/AUD Exchange Rate. It was launched on Jun 21, 2006. Both FXF and FXA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FXF vs. FXA - Performance Comparison
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FXF vs. FXA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXF Invesco CurrencyShares® Swiss Franc Trust | -1.07% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 8.18% | 0.32% | -2.01% | 3.31% |
FXA Invesco CurrencyShares Australian Dollar Trust | 3.69% | 9.10% | -7.75% | 1.20% | -6.46% | -6.17% | 9.52% | 0.13% | -8.84% | 9.05% |
Returns By Period
In the year-to-date period, FXF achieves a -1.07% return, which is significantly lower than FXA's 3.69% return. Over the past 10 years, FXF has outperformed FXA with an annualized return of 0.96%, while FXA has yielded a comparatively lower -0.46% annualized return.
FXF
- 1D
- 0.02%
- 1M
- -3.89%
- YTD
- -1.07%
- 6M
- -0.74%
- 1Y
- 9.99%
- 3Y*
- 4.29%
- 5Y*
- 2.75%
- 10Y*
- 0.96%
FXA
- 1D
- 0.74%
- 1M
- -2.97%
- YTD
- 3.69%
- 6M
- 4.85%
- 1Y
- 11.63%
- 3Y*
- 2.39%
- 5Y*
- -1.24%
- 10Y*
- -0.46%
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FXF vs. FXA - Expense Ratio Comparison
Both FXF and FXA have an expense ratio of 0.40%.
Return for Risk
FXF vs. FXA — Risk / Return Rank
FXF
FXA
FXF vs. FXA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Swiss Franc Trust (FXF) and Invesco CurrencyShares Australian Dollar Trust (FXA). 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.
| FXF | FXA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.17 | -0.15 |
Sortino ratioReturn per unit of downside risk | 1.73 | 1.63 | +0.10 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | 1.98 | +0.02 |
Martin ratioReturn relative to average drawdown | 5.00 | 7.27 | -2.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FXF | FXA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.17 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.12 | +0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | -0.05 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.13 | +0.04 |
Correlation
The correlation between FXF and FXA 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.
Dividends
FXF vs. FXA - Dividend Comparison
FXF has not paid dividends to shareholders, while FXA's dividend yield for the trailing twelve months is around 1.03%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXA Invesco CurrencyShares Australian Dollar Trust | 1.03% | 1.16% | 1.66% | 0.98% | 0.05% | 0.00% | 0.03% | 0.53% | 1.04% | 0.83% | 1.01% | 1.52% |
Drawdowns
FXF vs. FXA - Drawdown Comparison
The maximum FXF drawdown since its inception was -35.58%, smaller than the maximum FXA drawdown of -40.97%. Use the drawdown chart below to compare losses from any high point for FXF and FXA.
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Drawdown Indicators
| FXF | FXA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.58% | -40.97% | +5.39% |
Max Drawdown (1Y)Largest decline over 1 year | -4.82% | -5.55% | +0.73% |
Max Drawdown (5Y)Largest decline over 5 years | -13.03% | -21.99% | +8.96% |
Max Drawdown (10Y)Largest decline over 10 years | -15.04% | -27.99% | +12.95% |
Current DrawdownCurrent decline from peak | -19.24% | -26.96% | +7.72% |
Average DrawdownAverage peak-to-trough decline | -20.87% | -18.77% | -2.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 1.51% | +0.42% |
Volatility
FXF vs. FXA - Volatility Comparison
The current volatility for Invesco CurrencyShares® Swiss Franc Trust (FXF) is 1.98%, while Invesco CurrencyShares Australian Dollar Trust (FXA) has a volatility of 3.43%. This indicates that FXF experiences smaller price fluctuations and is considered to be less risky than FXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXF | FXA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 3.43% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 5.95% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 9.99% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 10.46% | -2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.59% | 10.00% | -2.41% |