GC=F vs. FXA
Compare and contrast key facts about Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA).
FXA is a passively managed fund by Invesco that tracks the performance of the USD/AUD Exchange Rate. It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or FXA.
Performance
GC=F vs. FXA - Performance Comparison
Returns By Period
In the year-to-date period, GC=F achieves a 27.95% return, which is significantly higher than FXA's -2.81% return. Over the past 10 years, GC=F has outperformed FXA with an annualized return of 7.25%, while FXA has yielded a comparatively lower -2.17% annualized return.
GC=F
27.95%
-2.76%
8.97%
33.43%
11.09%
7.25%
FXA
-2.81%
-2.42%
-1.29%
1.09%
-0.45%
-2.17%
Key characteristics
| GC=F | FXA | |
|---|---|---|
| Sharpe Ratio | 2.15 | 0.21 |
| Sortino Ratio | 2.76 | 0.36 |
| Omega Ratio | 1.39 | 1.04 |
| Calmar Ratio | 3.78 | 0.05 |
| Martin Ratio | 11.30 | 0.58 |
| Ulcer Index | 2.68% | 3.13% |
| Daily Std Dev | 14.23% | 8.60% |
| Max Drawdown | -44.36% | -40.97% |
| Current Drawdown | -5.36% | -31.99% |
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Correlation
The correlation between GC=F and FXA is 0.11, 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.
Risk-Adjusted Performance
GC=F vs. FXA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA). 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.
Drawdowns
GC=F vs. FXA - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, which is greater than FXA's maximum drawdown of -40.97%. Use the drawdown chart below to compare losses from any high point for GC=F and FXA. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. FXA - Volatility Comparison
Gold (GC=F) has a higher volatility of 5.28% compared to Invesco CurrencyShares Australian Dollar Trust (FXA) at 3.17%. This indicates that GC=F's price experiences larger fluctuations and is considered to be riskier than FXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.