FXF vs. GLD
Compare and contrast key facts about Invesco CurrencyShares® Swiss Franc Trust (FXF) and SPDR Gold Trust (GLD).
FXF and GLD 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. GLD is a passively managed fund by State Street that tracks the performance of the Gold Bullion. It was launched on Nov 18, 2004. Both FXF and GLD 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: FXF or GLD.
Key characteristics
| FXF | GLD | |
|---|---|---|
| YTD Return | -7.05% | 11.40% |
| 1Y Return | -2.24% | 11.83% |
| 3Y Return (Ann) | -0.34% | 8.54% |
| 5Y Return (Ann) | 1.49% | 12.05% |
| 10Y Return (Ann) | -1.27% | 5.40% |
| Sharpe Ratio | -0.32 | 1.02 |
| Daily Std Dev | 7.11% | 12.31% |
| Max Drawdown | -35.49% | -45.56% |
| Current Drawdown | -28.00% | -3.73% |
Correlation
The correlation between FXF and GLD is 0.43, 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
FXF vs. GLD - Performance Comparison
In the year-to-date period, FXF achieves a -7.05% return, which is significantly lower than GLD's 11.40% return. Over the past 10 years, FXF has underperformed GLD with an annualized return of -1.27%, while GLD has yielded a comparatively higher 5.40% annualized 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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FXF vs. GLD - Expense Ratio Comparison
Both FXF and GLD have an expense ratio of 0.40%.
Risk-Adjusted Performance
FXF vs. GLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Swiss Franc Trust (FXF) and SPDR Gold Trust (GLD). 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. GLD - Dividend Comparison
FXF's dividend yield for the trailing twelve months is around 0.05%, while GLD 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% |
GLD SPDR Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FXF vs. GLD - Drawdown Comparison
The maximum FXF drawdown since its inception was -35.49%, smaller than the maximum GLD drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for FXF and GLD. For additional features, visit the drawdowns tool.
Volatility
FXF vs. GLD - Volatility Comparison
The current volatility for Invesco CurrencyShares® Swiss Franc Trust (FXF) is 2.20%, while SPDR Gold Trust (GLD) has a volatility of 5.22%. This indicates that FXF experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.