SBR vs. FXF

Last updated Jul 25, 2026

SBR (Sabine Royalty Trust) is a stock, while FXF (Invesco CurrencyShares® Swiss Franc Trust) is Currency fund tracking the Swiss Franc. Over the past 10 years, SBR returned 16.34%/yr vs 1.08%/yr for FXF. Their 0.07 correlation means their historical movements had little consistent relationship.

Performance

SBR vs. FXF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sabine Royalty Trust (SBR) and Invesco CurrencyShares® Swiss Franc Trust (FXF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SBR achieves a 11.57% return, which is significantly higher than FXF's -3.50% return. Over the past 10 years, SBR has outperformed FXF with an annualized return of 16.34%, while FXF has yielded a comparatively lower 1.08% annualized return.

SBR

• 1D: -0.51%
• 1M: 2.51%
• 6M: 11.20%
• YTD: 11.57%
• 1Y: 19.45%
• 3Y*: 12.34%
• 5Y*: 24.15%
• 10Y*: 16.34%
• ALL TIME*: 15.38%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FXF Invesco CurrencyShares® Swiss Franc Trust	$2.99M	$3.23M	$5.41M
SBR Sabine Royalty Trust	$2.30M	$2.17M	$2.74M

SBR vs. FXF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SBR Sabine Royalty Trust	11.57%	14.04%	4.06%	-13.10%	132.08%	60.71%	-24.24%	15.77%	-9.61%	34.83%
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%

Correlation

The correlation between SBR and FXF is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.07
Correlation (3Y) Balances recent behavior with more history.	-0.02
Correlation (5Y) Shows whether the relationship held over a longer period.	0.05
Correlation (10Y) Provides a long-term view across more market conditions.	0.01
Correlation (All Time) Calculated using the full available price history since Jun 26, 2006	0.07

The correlation between SBR and FXF shifts across timeframes, from -0.07 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SBR vs. FXF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SBR

SBR Risk / Return Rank: 67
SBR Sharpe Ratio Rank: 72
SBR Sortino Ratio Rank: 64
SBR Omega Ratio Rank: 64
SBR Calmar Ratio Rank: 68
SBR Martin Ratio Rank: 67

FXF

FXF Risk / Return Rank: 6
FXF Sharpe Ratio Rank: 6
FXF Sortino Ratio Rank: 6
FXF Omega Ratio Rank: 6
FXF Calmar Ratio Rank: 7
FXF Martin Ratio Rank: 5

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.

SBR vs. FXF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sabine Royalty Trust (SBR) 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.

	SBR	FXF	Difference
Sharpe ratio: Return per unit of total volatility	0.78	-0.47	+1.24
Sortino ratio: Return per unit of downside risk	1.12	-0.64	+1.76
Omega ratio: Gain probability vs. loss probability	1.15	0.93	+0.22
Calmar ratio: Return relative to maximum drawdown	1.03	-0.48	+1.51
Martin ratio: Return relative to average drawdown	2.10	-1.15	+3.25

SBR vs. FXF - Sharpe Ratio Comparison

The current SBR Sharpe Ratio is 0.78, which is higher than the FXF Sharpe Ratio of -0.47. The chart below compares the historical Sharpe Ratios of SBR and FXF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SBR vs. FXF - Drawdown Comparison

The maximum SBR drawdown since its inception was -56.40%, which is greater than FXF's maximum drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for SBR and FXF.

Drawdown Indicators

	SBR	FXF	Difference
Max Drawdown Largest peak-to-trough decline	-56.40%	-35.58%	-20.82%
Max Drawdown (1Y) Largest decline over 1 year	-18.54%	-7.15%	-11.39%
Max Drawdown (3Y) Largest decline over 3 years	-18.54%	-8.52%	-10.02%
Max Drawdown (5Y) Largest decline over 5 years	-34.56%	-11.99%	-22.57%
Max Drawdown (10Y) Largest decline over 10 years	-50.71%	-15.04%	-35.67%
Current Drawdown Current decline from peak	-5.64%	-21.23%	+15.59%
Average Drawdown Average peak-to-trough decline	-13.61%	-20.83%	+7.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.05%	2.98%	+6.07%

Volatility

SBR vs. FXF - Volatility Comparison

Sabine Royalty Trust (SBR) has a higher volatility of 3.95% compared to Invesco CurrencyShares® Swiss Franc Trust (FXF) at 1.75%. This indicates that SBR'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.

Volatility by Period

	SBR	FXF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	1.75%	+2.20%
Volatility (6M) Calculated over the trailing 6-month period	15.32%	5.46%	+9.86%
Volatility (1Y) Calculated over the trailing 1-year period	24.41%	7.39%	+17.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.69%	8.31%	+23.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.21%	7.57%	+23.64%

Dividends

SBR vs. FXF - Dividend Comparison

SBR's dividend yield for the trailing twelve months is around 6.64%, 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%
SBR Sabine Royalty Trust	6.64%	7.53%	8.41%	9.41%	10.13%	7.72%	8.59%	7.49%	8.98%	5.31%	5.50%	11.82%

Frequently Asked Questions

Can I hold both SBR and FXF in my portfolio?

SBR and FXF have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SBR or FXF?

SBR has higher volatility (3.95%) compared to FXF (1.75%). In terms of maximum drawdown, SBR dropped -56.40% vs FXF's -35.58%.

Which has better risk-adjusted returns?

SBR currently has the higher Sharpe Ratio (0.78 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.