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FXF vs. VGIT
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FXF vs. VGIT

Last updated Jun 4, 2026

FXF (Invesco CurrencyShares® Swiss Franc Trust) and VGIT (Vanguard Intermediate-Term Treasury ETF) are both exchange-traded funds - FXF is a Currency fund tracking the Swiss Franc, while VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index. Both are passively managed. Over the past 10 years, FXF returned 1.25%/yr vs 1.23%/yr for VGIT. At a 0.28 correlation, their price movements are largely independent. FXF charges 0.40%/yr vs 0.03%/yr for VGIT.

Performance

FXF vs. VGIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco CurrencyShares® Swiss Franc Trust (FXF) and Vanguard Intermediate-Term Treasury ETF (VGIT). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FXF achieves a -0.20% return, which is significantly higher than VGIT's -0.46% return. Both investments have delivered pretty close results over the past 10 years, with FXF having a 1.25% annualized return and VGIT not far behind at 1.23%.

FXF

1D
-0.62%
1M
-1.07%
YTD
-0.20%
6M
0.70%
1Y
3.46%
3Y*
4.38%
5Y*
2.01%
10Y*
1.25%

VGIT

1D
-0.19%
1M
-0.16%
YTD
-0.46%
6M
-0.60%
1Y
3.54%
3Y*
3.40%
5Y*
0.05%
10Y*
1.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FXF vs. VGIT - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FXF
Invesco CurrencyShares® Swiss Franc Trust		-0.20%14.04%-7.46%9.63%-2.29%-4.08%8.18%0.32%-2.01%3.31%
VGIT
Vanguard Intermediate-Term Treasury ETF		-0.46%7.34%1.39%4.28%-10.53%-2.64%7.71%6.19%1.35%1.70%

Correlation

The correlation between FXF and VGIT is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.45

Correlation (3Y)
Calculated over the trailing 3-year period

0.43

Correlation (5Y)
Calculated over the trailing 5-year period

0.42

Correlation (10Y)
Calculated over the trailing 10-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2009

0.28

The correlation between FXF and VGIT shifts across timeframes, from 0.28 (all time) to 0.45 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco CurrencyShares® Swiss Franc Trust

Vanguard Intermediate-Term Treasury ETF

Often compared with FXF:
FXF vs. GLDFXF vs. SPYFXF vs. TLTFXF vs. VOOFXF vs. CHF=XFXF vs. CHFUSD=XFXF vs. UUP
Often compared with VGIT:
VGIT vs. BNDVGIT vs. IEFVGIT vs. VGLTVGIT vs. VTIPVGIT vs. GOVTVGIT vs. SCHRVGIT vs. VGsh

Return for Risk

FXF vs. VGIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FXF
FXF Risk / Return Rank: 1616
Overall Rank
FXF Sharpe Ratio Rank: 1616
Sharpe Ratio Rank
FXF Sortino Ratio Rank: 1515
Sortino Ratio Rank
FXF Omega Ratio Rank: 1414
Omega Ratio Rank
FXF Calmar Ratio Rank: 1818
Calmar Ratio Rank
FXF Martin Ratio Rank: 1616
Martin Ratio Rank
VGIT
VGIT Risk / Return Rank: 2727
Overall Rank
VGIT Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
VGIT Sortino Ratio Rank: 2828
Sortino Ratio Rank
VGIT Omega Ratio Rank: 2626
Omega Ratio Rank
VGIT Calmar Ratio Rank: 2626
Calmar Ratio Rank
VGIT Martin Ratio Rank: 2626
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FXF vs. VGIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco CurrencyShares® Swiss Franc Trust (FXF) and Vanguard Intermediate-Term Treasury ETF (VGIT). 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.

FXFVGITDifference
Sharpe ratioReturn per unit of total volatility
0.47
1.05

-0.58

Sortino ratioReturn per unit of downside risk
0.77
1.59

-0.83

Omega ratioGain probability vs. loss probability

1.09

1.18

-0.10

Calmar ratioReturn relative to maximum drawdown

0.72

1.25

-0.53

Martin ratioReturn relative to average drawdown

1.62

3.75

-2.14

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FXF vs. VGIT - Sharpe Ratio Comparison

The current FXF Sharpe Ratio is 0.47, which is lower than the VGIT Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of FXF and VGIT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FXFVGITDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.47

1.05

-0.58

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.24

0.01

+0.23

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.17

0.27

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.17

0.49

-0.32

Drawdowns

FXF vs. VGIT - Drawdown Comparison

The maximum FXF drawdown since its inception was -35.58%, which is greater than VGIT's maximum drawdown of -16.05%. Use the drawdown chart below to compare losses from any high point for FXF and VGIT.

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Drawdown Indicators

FXFVGITDifference

Max Drawdown

Largest peak-to-trough decline

-35.58%

-16.05%

-19.53%

Max Drawdown (1Y)

Largest decline over 1 year

-4.82%

-2.83%

-1.99%

Max Drawdown (3Y)

Largest decline over 3 years

-8.52%

-4.34%

-4.18%

Max Drawdown (5Y)

Largest decline over 5 years

-13.03%

-15.02%

+1.99%

Max Drawdown (10Y)

Largest decline over 10 years

-15.04%

-16.05%

+1.01%

Current Drawdown

Current decline from peak

-18.53%

-2.39%

-16.14%

Average Drawdown

Average peak-to-trough decline

-20.84%

-3.52%

-17.32%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.15%

0.94%

+1.21%

Volatility

FXF vs. VGIT - Volatility Comparison

Invesco CurrencyShares® Swiss Franc Trust (FXF) has a higher volatility of 1.69% compared to Vanguard Intermediate-Term Treasury ETF (VGIT) at 1.05%. This indicates that FXF's price experiences larger fluctuations and is considered to be riskier than VGIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FXFVGITDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.69%

1.05%

+0.64%

Volatility (6M)

Calculated over the trailing 6-month period

5.56%

2.33%

+3.23%

Volatility (1Y)

Calculated over the trailing 1-year period

7.51%

3.38%

+4.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.32%

5.38%

+2.94%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.57%

4.50%

+3.07%

FXF vs. VGIT - Expense Ratio Comparison

FXF has a 0.40% expense ratio, which is higher than VGIT's 0.03% expense ratio.

Dividends

FXF vs. VGIT - Dividend Comparison

FXF has not paid dividends to shareholders, while VGIT's dividend yield for the trailing twelve months is around 3.87%.

PositionTTM20252024202320222021202020192018201720162015
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%
VGIT
Vanguard Intermediate-Term Treasury ETF		3.87%3.79%3.67%2.73%1.74%1.69%2.23%2.24%2.05%1.67%1.69%1.69%

Frequently Asked Questions

FXF and VGIT have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

FXF has higher volatility (1.69%) compared to VGIT (1.05%). In terms of maximum drawdown, FXF dropped -35.58% vs VGIT's -16.05%.

On 10-year performance, FXF leads with 1.25% vs 1.23% for VGIT. On fees, VGIT is cheaper at 0.03% per year. On volatility, VGIT has been the lower-risk option at 1.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FXF has performed better with a 1.25% return vs 1.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

VGIT is cheaper with a 0.03% expense ratio, compared with 0.40% for FXF.

VGIT has the higher dividend yield at 3.87%, compared with 0.00% for FXF.

FXF is categorized as Currency, while VGIT is Government Bonds. FXF tracks Swiss Franc, while VGIT tracks Bloomberg U.S. Treasury 3-10 Year Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.40% for FXF and 0.03% for VGIT.

VGIT currently has the higher Sharpe Ratio (1.05 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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