FXF vs. FXY
Compare and contrast key facts about Invesco CurrencyShares® Swiss Franc Trust (FXF) and Invesco CurrencyShares® Japanese Yen Trust (FXY).
FXF and FXY 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. FXY is a passively managed fund by Invesco that tracks the performance of the Japanese Yen. It was launched on Feb 12, 2007. Both FXF and FXY 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. FXY - Performance Comparison
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FXF vs. FXY - 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% |
FXY Invesco CurrencyShares® Japanese Yen Trust | -1.35% | 0.09% | -10.93% | -7.44% | -12.75% | -10.90% | 4.61% | 0.37% | 2.31% | 3.17% |
Returns By Period
In the year-to-date period, FXF achieves a -1.07% return, which is significantly higher than FXY's -1.35% return. Over the past 10 years, FXF has outperformed FXY with an annualized return of 0.96%, while FXY has yielded a comparatively lower -3.96% 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%
FXY
- 1D
- 0.64%
- 1M
- -1.61%
- YTD
- -1.35%
- 6M
- -6.96%
- 1Y
- -5.89%
- 3Y*
- -6.20%
- 5Y*
- -7.45%
- 10Y*
- -3.96%
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FXF vs. FXY - Expense Ratio Comparison
Both FXF and FXY have an expense ratio of 0.40%.
Return for Risk
FXF vs. FXY — Risk / Return Rank
FXF
FXY
FXF vs. FXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Swiss Franc Trust (FXF) and Invesco CurrencyShares® Japanese Yen Trust (FXY). 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 | FXY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | -0.58 | +1.60 |
Sortino ratioReturn per unit of downside risk | 1.73 | -0.78 | +2.51 |
Omega ratioGain probability vs. loss probability | 1.20 | 0.91 | +0.29 |
Calmar ratioReturn relative to maximum drawdown | 2.00 | -0.48 | +2.48 |
Martin ratioReturn relative to average drawdown | 5.00 | -0.80 | +5.80 |
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 | FXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | -0.58 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.73 | +1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.13 | -0.42 | +0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | -0.18 | +0.35 |
Correlation
The correlation between FXF and FXY 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.
Dividends
FXF vs. FXY - Dividend Comparison
Neither FXF nor FXY has paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% |
FXY Invesco CurrencyShares® Japanese Yen Trust | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXF vs. FXY - Drawdown Comparison
The maximum FXF drawdown since its inception was -35.58%, smaller than the maximum FXY drawdown of -56.03%. Use the drawdown chart below to compare losses from any high point for FXF and FXY.
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Drawdown Indicators
| FXF | FXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.58% | -56.03% | +20.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.82% | -12.45% | +7.63% |
Max Drawdown (5Y)Largest decline over 5 years | -13.03% | -34.49% | +21.46% |
Max Drawdown (10Y)Largest decline over 10 years | -15.04% | -40.84% | +25.80% |
Current DrawdownCurrent decline from peak | -19.24% | -55.51% | +36.27% |
Average DrawdownAverage peak-to-trough decline | -20.87% | -27.48% | +6.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.93% | 7.46% | -5.53% |
Volatility
FXF vs. FXY - Volatility Comparison
The current volatility for Invesco CurrencyShares® Swiss Franc Trust (FXF) is 1.98%, while Invesco CurrencyShares® Japanese Yen Trust (FXY) has a volatility of 2.33%. This indicates that FXF experiences smaller price fluctuations and is considered to be less risky than FXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXF | FXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.98% | 2.33% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 5.42% | 6.09% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.80% | 10.25% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 10.20% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.59% | 9.47% | -1.88% |