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ETFs

Invesco CurrencyShares Canadian Dollar Trust

FXC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 21 2006
Expense Ratio
0.40%
Type
Global Ex. US Currency
Fund Owner
Invesco
Volume (1m avg. daily)
$1,231,395
AUM
$72,733,729
Associated Index
Canadian Dollar
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

CAD
Canadian Dollar
100.00%
Invest with FXC

What is FXC?

The Invesco CurrencyShares Canadian Dollar Trust (the "trust") is designed to track the price of the Canadian dollar, and trades under the ticker symbol FXC. The Canadian dollar is the national currency of Canada and the currency of the accounts of the Bank of Canada, the Canadian Central Bank. The Fund is rebalanced quarterly.

ETFs related toFXC

ETFs correlated to FXC include EWC, BBCA, RLY

FXC
Rydex Investments - Invesco CurrencyShares Canadian Dollar Trust
EWC
BlackRock Institutional Trust Company N.A. - iShares MSCI Canada ETF
BBCA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders Canada ETF
RLY
SSgA Active Trust - SPDR SSgA Multi-Asset Real Return ETF
EWA
BlackRock Institutional Trust Company N.A. - iShares MSCI Australia ETF
PID
Invesco Capital Management LLC - Invesco International Dividend Achievers ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
INFL
Listed Funds Trust - Horizon Kinetics Inflation Beneficiaries ETF
VSS
Vanguard Group, Inc. - Vanguard FTSE All-World Ex-US Small Capital Index Fund ETF
GUNR
FlexShares Trust - FlexShares Global Upstream Natural Resources Index Fund
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFXC

#DRAG

Copy the Dragon Portfolio

Category

Go Global, Copy the Greats

Risk Rating

Aggressive

Create your own algorithmic trading strategy with FXC using Composer

FAQ

FXC is a Global Ex. US Currency ETF. The Invesco CurrencyShares Canadian Dollar Trust (the "trust") is designed to track the price of the Canadian dollar, and trades under the ticker symbol FXC. The Canadian dollar is the national currency of Canada and the currency of the accounts of the Bank of Canada, the Canadian Central Bank. The Fund is rebalanced quarterly.

FXC tracks the Canadian Dollar.

No, FXC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FXC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FXC is 0.0116%. This is the percent change in the value of FXC over the most recent 1-month period. The 3-month return on FXC is -0.0167%. This is the percent change in the value of FXC over the most recent 3-month period.

The standard deviation of FXC for the past year is 0.0748%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FXC include FXF, FXB, and CEW.

ETFs correlated to FXC include EWC, BBCA, and RLY.

ETFs that are inversely correlated to FXC include USDU, EFZ, and UUP.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.