FXC vs MMSD
Comparison between Invesco CurrencyShares Canadian Dollar Trust (FXC, ETF) and IQ MACKAY MUNICIPAL SHORT DURATION ETF (MMSD, ETF).
FXC vs MMSD - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
FXC
$76M
MMSD
$75M
Expense Ratio
FXC
0.40%
Winner
MMSD
0.25%
Max Drawdown
FXC
38.57%
Winner
MMSD
1.85%
Sharpe Ratio
FXC
-1.43
Winner
MMSD
-0.00
5Y Beta
FXC
0.04
Winner
MMSD
0.04
FXC vs MMSD - Historical Returns
Returns include dividend reinvestment.
1M
Winner
FXC
+0.24%
MMSD
-0.07%
3M
FXC
-3.09%
Winner
MMSD
+0.36%
6M
FXC
-1.97%
Winner
MMSD
+0.78%
1Y
FXC
-2.86%
Winner
MMSD
+3.63%
5Y(CAGR)
FXC
-1.38%
MMSD
N/A
10Y(CAGR)
FXC
-0.24%
MMSD
N/A
Max(CAGR)
FXC
-0.52%
Winner
MMSD
+4.20%
FXC vs MMSD - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | FXC | MMSD |
|---|---|---|
| 2026 | -2.63% | +1.35% |
| 2025 | +5.34% | +3.66% |
| 2024 | -5.36% | N/A |
| 2023 | +5.37% | N/A |
| 2022 | -5.64% | N/A |
| 2021 | +0.73% | N/A |
| 2020 | +1.91% | N/A |
| 2019 | +5.40% | N/A |
| 2018 | -8.01% | N/A |
| 2017 | +6.76% | N/A |
| 2016 | +3.37% | N/A |
| 2015 | -15.21% | N/A |
| 2014 | -7.97% | N/A |
| 2013 | -7.07% | N/A |
| 2012 | +1.92% | N/A |
| 2011 | -2.29% | N/A |
| 2010 | +4.01% | N/A |
| 2009 | +15.22% | N/A |
| 2008 | -16.51% | N/A |
| 2007 | +22.23% | N/A |
| 2006 | -2.12% | N/A |
FXC vs MMSD Drawdown Comparison
The maximum drawdown for FXC was -35.39%, occurring on Jan 19, 2016. This drawdown has not yet recovered.
The maximum drawdown for MMSD was -1.35%, occurring on Mar 26, 2026. Recovery took 73 trading sessions.
The current FXC drawdown is -29.95%. The current MMSD drawdown is -0.34%.
| Rank | FXC | MMSD |
|---|---|---|
| #1 | -35.39% Nov 7, 2007 - Jan 19, 2016 | -1.35% Feb 26, 2026 - Jun 11, 2026 |
| #2 | -5.48% Sep 1, 2006 - Apr 18, 2007 | -0.49% Sep 15, 2025 - Dec 16, 2025 |
| #3 | -3.64% Jul 24, 2007 - Sep 11, 2007 | -0.39% Jul 6, 2026 - Jul 20, 2026 |
| #4 | -2.75% Jul 3, 2006 - Aug 23, 2006 | -0.36% May 16, 2025 - May 27, 2025 |
| #5 | -1.52% Oct 19, 2007 - Oct 25, 2007 | -0.22% May 6, 2025 - May 16, 2025 |
| #6 | -1.50% Jun 6, 2007 - Jun 28, 2007 | -0.19% Jun 11, 2026 - Jun 24, 2026 |
| #7 | -1.01% May 7, 2007 - May 15, 2007 | -0.16% Jul 10, 2025 - Jul 21, 2025 |
| #8 | -0.72% Oct 31, 2007 - Nov 2, 2007 | -0.16% Jan 14, 2026 - Jan 21, 2026 |
| #9 | -0.71% Oct 1, 2007 - Oct 5, 2007 | -0.14% Jun 12, 2025 - Jun 23, 2025 |
| #10 | -0.65% Oct 12, 2007 - Oct 18, 2007 | -0.13% Jun 5, 2025 - Jun 10, 2025 |
| #11 | -0.61% Apr 25, 2007 - Apr 30, 2007 | -0.12% Jul 29, 2025 - Jul 31, 2025 |
| #12 | -0.52% Oct 5, 2007 - Oct 10, 2007 | -0.11% Jun 29, 2026 - Jul 6, 2026 |
| #13 | -0.51% Jul 19, 2007 - Jul 24, 2007 | -0.10% Jan 21, 2026 - Jan 28, 2026 |
| #14 | -0.51% Jun 28, 2007 - Jul 2, 2007 | -0.08% May 27, 2025 - May 30, 2025 |
| #15 | -0.47% Jul 9, 2007 - Jul 12, 2007 | -0.08% Sep 8, 2025 - Sep 10, 2025 |
Correlation
Correlation between FXC and MMSD is -0.20 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.20
-101
Dividend Comparison (2006 - 2026)
FXC vs MMSD dividend yield comparison.
| Year | FXC | MMSD |
|---|---|---|
| 2026 | 0.07% | 1.76% |
| 2025 | 0.55% | 2.30% |
| 2024 | 2.23% | 0.00% |
| 2023 | 2.01% | 0.00% |
| 2022 | 0.31% | 0.00% |
| 2020 | 0.19% | 0.00% |
| 2019 | 0.75% | 0.00% |
| 2018 | 0.42% | 0.00% |
| 2017 | 0.02% | 0.00% |
| 2015 | 0.02% | 0.00% |
| 2014 | 0.24% | 0.00% |
| 2013 | 0.21% | 0.00% |
| 2012 | 0.12% | 0.00% |
| 2011 | 0.16% | 0.00% |
| 2010 | 0.02% | 0.00% |
| 2009 | 0.10% | 0.00% |
| 2008 | 2.80% | 0.00% |
| 2007 | 3.30% | 0.00% |
| 2006 | 1.60% | 0.00% |
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