FXA vs NOWL

Comparison between Invesco CurrencyShares Australian Dollar Trust (FXA, ETF) and GRANITESHARES 2X LONG NOW DAILY ETF (NOWL, ETF).

FXA vs NOWL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FXA(ETF)	NOWL(ETF)
Net Assets	$106M	$106M
Expense Ratio	0.40%	N/A
Max Drawdown	47.90%	86.57%
Sharpe Ratio	0.72	-1.07
5Y Beta	0.25	1.57

Net Assets

FXA

$106M

Winner

NOWL

$106M

Expense Ratio

FXA

0.40%

NOWL

N/A

Max Drawdown

Winner

FXA

47.90%

NOWL

86.57%

Sharpe Ratio

Winner

FXA

0.72

NOWL

-1.07

5Y Beta

Winner

FXA

0.25

NOWL

1.57

FXA vs NOWL - Historical Returns

Returns include dividend reinvestment.

Period	FXA	NOWL
1 month	-1.79%	+38.66%
3 months	+0.70%	-28.54%
6 months	+6.63%	-68.75%
1 year	+9.30%	-76.70%
5 years(CAGR)	-1.11%	N/A
10 years(CAGR)	+0.16%	N/A
Max(CAGR)	+1.74%	-80.55%

FXA

-1.79%

Winner

NOWL

+38.66%

Winner

FXA

+0.70%

NOWL

-28.54%

Winner

FXA

+6.63%

NOWL

-68.75%

Winner

FXA

+9.30%

NOWL

-76.70%

5Y(CAGR)

FXA

-1.11%

NOWL

N/A

10Y(CAGR)

FXA

+0.16%

NOWL

N/A

Max(CAGR)

Winner

FXA

+1.74%

NOWL

-80.55%

FXA vs NOWL - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	FXA	NOWL
2026	+5.65%	-56.00%
2025	+8.81%	-42.58%
2024	-6.94%	N/A
2023	+2.43%	N/A
2022	-5.42%	N/A
2021	-5.63%	N/A
2020	+10.01%	N/A
2019	+0.73%	N/A
2018	-9.19%	N/A
2017	+8.86%	N/A
2016	+1.31%	N/A
2015	-8.71%	N/A
2014	-6.72%	N/A
2013	-13.31%	N/A
2012	+3.23%	N/A
2011	+4.61%	N/A
2010	+16.03%	N/A
2009	+29.45%	N/A
2008	-14.79%	N/A
2007	+16.79%	N/A
2006	+10.78%	N/A

FXA vs NOWL Drawdown Comparison

The maximum drawdown for FXA was -40.97%, occurring on Mar 19, 2020. This drawdown has not yet recovered.

The maximum drawdown for NOWL was -86.57%, occurring on Apr 23, 2026. This drawdown has not yet recovered.

The current FXA drawdown is -25.31%. The current NOWL drawdown is -78.38%.

Rank	FXA	NOWL
#1	-40.97% Apr 11, 2013 - Mar 19, 2020	-86.57% Jul 24, 2025 - Apr 23, 2026
#2	-37.26% Jul 15, 2008 - Nov 16, 2009	-1.96% Jul 16, 2025 - Jul 24, 2025
#3	-12.87% Apr 14, 2010 - Sep 9, 2010	N/A
#4	-12.72% Jul 27, 2011 - Feb 7, 2012	N/A
#5	-10.37% Jul 25, 2007 - Sep 26, 2007	N/A
#6	-9.47% Mar 1, 2012 - Dec 14, 2012	N/A
#7	-7.46% Nov 7, 2007 - Feb 19, 2008	N/A
#8	-7.22% Nov 16, 2009 - Apr 6, 2010	N/A
#9	-5.41% Nov 4, 2010 - Dec 29, 2010	N/A
#10	-5.24% Feb 28, 2008 - Apr 22, 2008	N/A
#11	-4.20% Apr 29, 2011 - Jul 26, 2011	N/A
#12	-3.50% Jan 10, 2013 - Apr 10, 2013	N/A
#13	-3.47% Feb 28, 2011 - Mar 24, 2011	N/A
#14	-3.37% Dec 31, 2010 - Feb 25, 2011	N/A
#15	-3.30% Sep 5, 2006 - Oct 27, 2006	N/A

Correlation

Correlation between FXA and NOWL is -0.94 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.94

-101