IOO vs. FXF
IOO (iShares Global 100 ETF) and FXF (Invesco CurrencyShares® Swiss Franc Trust) are both exchange-traded funds - IOO is a Global Equities fund tracking the S&P Global 100 Index (Net), while FXF is a Currency fund tracking the Swiss Franc. Both are passively managed. Over the past 10 years, IOO returned 16.66%/yr vs 1.06%/yr for FXF. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.40% expense ratio.
Performance
IOO vs. FXF - Performance Comparison
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Returns By Period
In the year-to-date period, IOO achieves a 9.16% return, which is significantly higher than FXF's -0.80% return. Over the past 10 years, IOO has outperformed FXF with an annualized return of 16.66%, while FXF has yielded a comparatively lower 1.06% annualized return.
IOO
- 1D
- 0.11%
- 1M
- -2.09%
- YTD
- 9.16%
- 6M
- 10.36%
- 1Y
- 31.99%
- 3Y*
- 23.85%
- 5Y*
- 15.85%
- 10Y*
- 16.66%
FXF
- 1D
- -0.15%
- 1M
- -1.88%
- YTD
- -0.80%
- 6M
- -0.32%
- 1Y
- 1.23%
- 3Y*
- 4.05%
- 5Y*
- 1.88%
- 10Y*
- 1.06%
IOO vs. FXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IOO iShares Global 100 ETF | 9.16% | 27.02% | 26.54% | 27.71% | -16.34% | 26.03% | 18.61% | 30.01% | -6.22% | 23.56% |
FXF Invesco CurrencyShares® Swiss Franc Trust | -0.80% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 8.18% | 0.32% | -2.01% | 3.31% |
Correlation
The correlation between IOO and FXF is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2006 | 0.12 |
The correlation between IOO and FXF shifts across timeframes, from 0.12 (10 years) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IOO vs. FXF — Risk / Return Rank
IOO
FXF
IOO vs. FXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global 100 ETF (IOO) and Invesco CurrencyShares® Swiss Franc Trust (FXF). 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.
| IOO | FXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.12 | ||
| Sortino ratioReturn per unit of downside risk | +2.78 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.03 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.23 | 0.25 | +2.98 |
| Martin ratioReturn relative to average drawdown | 14.35 | 0.54 | +13.81 |
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Drawdowns
IOO vs. FXF - Drawdown Comparison
The maximum IOO drawdown since its inception was -55.85%, which is greater than FXF's maximum drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for IOO and FXF.
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Drawdown Indicators
| IOO | FXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.85% | -35.58% | -20.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -4.97% | -4.97% |
Max Drawdown (3Y)Largest decline over 3 years | -19.19% | -8.52% | -10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -23.52% | -12.68% | -10.84% |
Max Drawdown (10Y)Largest decline over 10 years | -31.43% | -15.04% | -16.39% |
Current DrawdownCurrent decline from peak | -4.05% | -19.02% | +14.97% |
Average DrawdownAverage peak-to-trough decline | -11.26% | -20.83% | +9.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.28% | -0.04% |
Volatility
IOO vs. FXF - Volatility Comparison
iShares Global 100 ETF (IOO) has a higher volatility of 4.82% compared to Invesco CurrencyShares® Swiss Franc Trust (FXF) at 1.81%. This indicates that IOO's price experiences larger fluctuations and is considered to be riskier than FXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IOO | FXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 1.81% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.31% | 5.56% | +5.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.07% | 7.49% | +6.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 8.33% | +8.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.80% | 7.57% | +10.23% |
IOO vs. FXF - Expense Ratio Comparison
Both IOO and FXF have an expense ratio of 0.40%.
Dividends
IOO vs. FXF - Dividend Comparison
IOO's dividend yield for the trailing twelve months is around 0.84%, while FXF has not paid dividends to shareholders.
| 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% |
IOO iShares Global 100 ETF | 0.84% | 0.92% | 1.08% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% |
Frequently Asked Questions
IOO and FXF have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IOO has higher volatility (4.82%) compared to FXF (1.81%). In terms of maximum drawdown, IOO dropped -55.85% vs FXF's -35.58%.
On 10-year performance, IOO leads with 16.66% vs 1.06% for FXF. Both ETFs have the same 0.40% expense ratio. On volatility, FXF has been the lower-risk option at 1.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IOO has performed better with a 16.66% return vs 1.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IOO and FXF have the same expense ratio: 0.40% per year.
IOO has the higher dividend yield at 0.84%, compared with 0.00% for FXF.
IOO is categorized as Global Equities, while FXF is Currency. IOO tracks S&P Global 100 Index (Net), while FXF tracks Swiss Franc. They also come from different issuers: iShares and Invesco.
IOO currently has the higher Sharpe Ratio (2.28 vs 0.17), 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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