SGOL vs. FXF
SGOL (abrdn Physical Gold Shares ETF) and FXF (Invesco CurrencyShares® Swiss Franc Trust) are both exchange-traded funds - SGOL is a Gold fund tracking the LBMA Gold Price PM ($/ozt), while FXF is a Currency fund tracking the Swiss Franc. Both are passively managed. Over the past 10 years, SGOL returned 11.62%/yr vs 1.08%/yr for FXF. Their 0.42 correlation means their historical movements had little consistent relationship. SGOL charges 0.17%/yr vs 0.40%/yr for FXF.
Performance
SGOL vs. FXF - Performance Comparison
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Returns By Period
In the year-to-date period, SGOL achieves a -6.06% return, which is significantly lower than FXF's -3.50% return. Over the past 10 years, SGOL has outperformed FXF with an annualized return of 11.62%, while FXF has yielded a comparatively lower 1.08% annualized return.
SGOL
- 1D
- 0.08%
- 1M
- 0.65%
- 6M
- -18.71%
- YTD
- -6.06%
- 1Y
- 21.20%
- 3Y*
- 27.11%
- 5Y*
- 17.42%
- 10Y*
- 11.62%
- ALL TIME*
- 8.34%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.99M | $3.23M | $5.41M | |
| $79.87M | $79.24M | $102.39M |
SGOL vs. FXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SGOL abrdn Physical Gold Shares ETF | -6.06% | 63.99% | 26.90% | 12.99% | -0.51% | -3.94% | 25.03% | 18.21% | -1.94% | 12.86% |
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 SGOL and FXF is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.45 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2009 | 0.42 |
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Return for Risk
SGOL vs. FXF — Risk / Return Rank
SGOL
FXF
SGOL vs. FXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Gold Shares ETF (SGOL) 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.
| SGOL | FXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 0.93 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.77 | -0.48 | +1.25 |
| Martin ratioReturn relative to average drawdown | 1.73 | -1.15 | +2.88 |
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Drawdowns
SGOL vs. FXF - Drawdown Comparison
The maximum SGOL drawdown since its inception was -45.51%, which is greater than FXF's maximum drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for SGOL and FXF.
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Drawdown Indicators
| SGOL | FXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.51% | -35.58% | -9.93% |
Max Drawdown (1Y)Largest decline over 1 year | -26.32% | -7.15% | -19.17% |
Max Drawdown (3Y)Largest decline over 3 years | -26.32% | -8.52% | -17.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.32% | -11.99% | -14.33% |
Max Drawdown (10Y)Largest decline over 10 years | -26.32% | -15.04% | -11.28% |
Current DrawdownCurrent decline from peak | -24.94% | -21.23% | -3.71% |
Average DrawdownAverage peak-to-trough decline | -18.45% | -20.83% | +2.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.64% | 2.98% | +8.66% |
Volatility
SGOL vs. FXF - Volatility Comparison
abrdn Physical Gold Shares ETF (SGOL) has a higher volatility of 6.07% compared to Invesco CurrencyShares® Swiss Franc Trust (FXF) at 1.75%. This indicates that SGOL'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
| SGOL | FXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 1.75% | +4.32% |
Volatility (6M)Calculated over the trailing 6-month period | 23.69% | 5.46% | +18.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.79% | 7.39% | +20.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.34% | 8.31% | +10.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.08% | 7.57% | +8.51% |
SGOL vs. FXF - Expense Ratio Comparison
SGOL has a 0.17% expense ratio, which is lower than FXF's 0.40% expense ratio.
Dividends
SGOL vs. FXF - Dividend Comparison
Neither SGOL nor FXF has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% |
SGOL abrdn Physical Gold Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SGOL and FXF have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SGOL has higher volatility (6.07%) compared to FXF (1.75%). In terms of maximum drawdown, SGOL dropped -45.51% vs FXF's -35.58%.
On 10-year performance, SGOL leads with 11.62% vs 1.08% for FXF. On fees, SGOL is cheaper at 0.17% per year. On volatility, FXF has been the lower-risk option at 1.75%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SGOL has performed better with a 11.62% return vs 1.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SGOL is cheaper with a 0.17% expense ratio, compared with 0.40% for FXF.
SGOL and FXF have nearly identical dividend yields, around 0.00%.
SGOL is categorized as Gold, while FXF is Currency. SGOL tracks LBMA Gold Price PM ($/ozt), while FXF tracks Swiss Franc. They also come from different issuers: abrdn and Invesco. Their fees differ too: 0.17% for SGOL and 0.40% for FXF.
SGOL currently has the higher Sharpe Ratio (0.73 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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