FXF vs. LMT
FXF (Invesco CurrencyShares® Swiss Franc Trust) is Currency fund tracking the Swiss Franc, while LMT (Lockheed Martin Corporation) is a stock. Over the past 10 years, FXF returned 1.08%/yr vs 11.54%/yr for LMT. Their -0.00 correlation means they have often moved in opposite directions in the past.
Performance
FXF vs. LMT - Performance Comparison
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Returns By Period
In the year-to-date period, FXF achieves a -3.50% return, which is significantly lower than LMT's 21.88% return. Over the past 10 years, FXF has underperformed LMT with an annualized return of 1.08%, while LMT has yielded a comparatively higher 11.54% annualized return.
FXF
- 1D
- -0.17%
- 1M
- -1.09%
- 6M
- -4.81%
- YTD
- -3.50%
- 1Y
- -3.38%
- 3Y*
- 1.52%
- 5Y*
- 1.83%
- 10Y*
- 1.08%
- ALL TIME*
- 1.60%
LMT
- 1D
- 2.46%
- 1M
- 15.36%
- 6M
- -0.22%
- YTD
- 21.88%
- 1Y
- 42.06%
- 3Y*
- 11.61%
- 5Y*
- 11.85%
- 10Y*
- 11.54%
- ALL TIME*
- 12.38%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.99M | $3.23M | $5.41M | |
| $682.65M | $676.87M | $688.00M |
FXF vs. LMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FXF Invesco CurrencyShares® Swiss Franc Trust | -3.50% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 8.18% | 0.32% | -2.01% | 3.31% |
LMT Lockheed Martin Corporation | 21.88% | 2.47% | 10.02% | -4.31% | 40.48% | 3.15% | -6.49% | 52.55% | -16.35% | 31.77% |
Correlation
The correlation between FXF and LMT is 0.13, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.13 |
Correlation (3Y) Balances recent behavior with more history. | 0.08 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2006 | -0.00 |
The correlation between FXF and LMT shifts across timeframes, from -0.00 (all time) to 0.13 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FXF vs. LMT — Risk / Return Rank
FXF
LMT
FXF vs. LMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Swiss Franc Trust (FXF) and Lockheed Martin Corporation (LMT). 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 | LMT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.04 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.28 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.48 | 1.58 | -2.06 |
| Martin ratioReturn relative to average drawdown | -1.15 | 3.38 | -4.53 |
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Drawdowns
FXF vs. LMT - Drawdown Comparison
The maximum FXF drawdown since its inception was -35.58%, smaller than the maximum LMT drawdown of -79.29%. Use the drawdown chart below to compare losses from any high point for FXF and LMT.
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Drawdown Indicators
| FXF | LMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.58% | -79.29% | +43.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -26.87% | +19.72% |
Max Drawdown (3Y)Largest decline over 3 years | -8.52% | -31.79% | +23.27% |
Max Drawdown (5Y)Largest decline over 5 years | -11.99% | -31.79% | +19.80% |
Max Drawdown (10Y)Largest decline over 10 years | -15.04% | -36.67% | +21.63% |
Current DrawdownCurrent decline from peak | -21.23% | -13.34% | -7.89% |
Average DrawdownAverage peak-to-trough decline | -20.83% | -26.82% | +5.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 12.54% | -9.56% |
Volatility
FXF vs. LMT - Volatility Comparison
The current volatility for Invesco CurrencyShares® Swiss Franc Trust (FXF) is 1.75%, while Lockheed Martin Corporation (LMT) has a volatility of 12.24%. This indicates that FXF experiences smaller price fluctuations and is considered to be less risky than LMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXF | LMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.75% | 12.24% | -10.49% |
Volatility (6M)Calculated over the trailing 6-month period | 5.46% | 22.08% | -16.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.39% | 27.06% | -19.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 23.79% | -15.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.57% | 24.18% | -16.61% |
Dividends
FXF vs. LMT - Dividend Comparison
FXF has not paid dividends to shareholders, while LMT's dividend yield for the trailing twelve months is around 2.34%.
| Position | 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% |
LMT Lockheed Martin Corporation | 2.34% | 2.76% | 2.62% | 2.68% | 2.34% | 2.98% | 2.76% | 2.31% | 3.13% | 2.32% | 2.71% | 2.83% |
Frequently Asked Questions
FXF and LMT have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LMT has higher volatility (12.24%) compared to FXF (1.75%). In terms of maximum drawdown, FXF dropped -35.58% vs LMT's -79.29%.
LMT currently has the higher Sharpe Ratio (1.57 vs -0.47), 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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