ETF Comparison: FXF vs FXB
ETF Descriptions
FXF - Invesco CurrencyShares Swiss Franc Trust
The Invesco CurrencyShares Swiss Franc Trust ETF provides exposure to the Swiss franc relative to the U.S. dollar, allowing investors to hedge against exchange rate fluctuations or bet against the US dollar. It is a single-asset fund that tracks the CHF/USD exchange rate, making it a unique option for investors seeking to manage currency risk.
FXB - Invesco CurrencyShares British Pound Sterling Trust
The Invesco CurrencyShares British Pound Sterling Trust ETF provides investors with exposure to the British pound relative to the U.S. dollar, allowing them to hedge exchange rate exposure or bet against the greenback.
Comparison Table
| FXF | FXB | |
|---|---|---|
| Fund Name | Invesco CurrencyShares Swiss Franc Trust | Invesco CurrencyShares British Pound Sterling Trust |
| Fund Provider | Invesco | Invesco |
| Index | Swiss Franc | USD/GBP Exchange Rate |
| Asset Class | Cash & Currencies | Cash & Currencies |
| Listing | US-listed | US-listed |
| Expense Ratio | 0.40% | 0.40% |
| Inception Date | 2006-06-21 | 2006-06-21 |
| Number Of Holdings | 1 | 1 |
| Currency | CHF | GBP |
| Region | Switzerland | United Kingdom |
| Leveraged | Non-leveraged | Non-leveraged |
Backtesting Options
Key Metrics
Performance Metrics
Risk Metrics
Detailed Returns
Benchmark Comparison
Performance Analysis
The performance analysis evaluates historical data to measure investment strategy returns through key metrics like Cumulative returns, End of Year (EoY) returns, and risk-adjusted measures such as the Sharpe ratio and Sortino ratio. This helps investors assess both absolute and relative performance across different market conditions.
Cumulative Returns
End of Year Returns Table
End of Year Returns
Risk Analysis
The risk analysis refers to an assessment of potential negative events that could lead to a loss of capital. Conducting a risk analysis can help in deciding whether an investment should be made. This is done using risk metrics such as drawdowns, volatility and beta which reflect stakeholders' confidence in the consistency of an investment strategy.
Drawdowns
Drawdowns Table
Monte Carlo Simulation
The Monte Carlo simulation is a statistical method used to forecast portfolio returns by generating a wide range of potential outcomes through random sampling from historical asset price data. It helps investors assess the potential risk and return of a portfolio under various market conditions. The simulation takes into account the initial investment and optionally simulates cash flow scenarios like fixed contributions, fixed withdrawals, or percentage withdrawals.
IMPORTANT: The forecast generated through Monte Carlo simulations is purely hypothetical and does not guarantee future returns. Investment decisions should be made with consideration of various factors, and past performance is not indicative of future results.