FXF vs. GBTC
Compare and contrast key facts about Invesco CurrencyShares® Swiss Franc Trust (FXF) and Grayscale Bitcoin Trust (BTC) (GBTC).
FXF is a passively managed fund by Invesco that tracks the performance of the Swiss Franc. It was launched on Jun 26, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FXF or GBTC.
Key characteristics
| FXF | GBTC | |
|---|---|---|
| YTD Return | -0.46% | 29.00% |
| 1Y Return | 5.51% | 140.11% |
| 3Y Return (Ann) | 2.13% | 3.13% |
| 5Y Return (Ann) | 2.38% | 28.77% |
| Sharpe Ratio | 0.74 | 2.46 |
| Daily Std Dev | 7.17% | 57.22% |
| Max Drawdown | -35.49% | -89.91% |
| Current Drawdown | -22.90% | -31.90% |
Correlation
The correlation between FXF and GBTC is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FXF vs. GBTC - Performance Comparison
In the year-to-date period, FXF achieves a -0.46% return, which is significantly lower than GBTC's 29.00% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
FXF vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Swiss Franc Trust (FXF) and Grayscale Bitcoin Trust (BTC) (GBTC). 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
FXF vs. GBTC - Dividend Comparison
FXF's dividend yield for the trailing twelve months is around 0.05%, while GBTC has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.05% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.15% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXF vs. GBTC - Drawdown Comparison
The maximum FXF drawdown since its inception was -35.49%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for FXF and GBTC. For additional features, visit the drawdowns tool.
Volatility
FXF vs. GBTC - Volatility Comparison
The current volatility for Invesco CurrencyShares® Swiss Franc Trust (FXF) is 2.37%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 15.89%. This indicates that FXF experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.