FXF vs GNMA

Comparison between Invesco CurrencyShares Swiss Franc Trust (FXF, ETF) and ISHARES GNMA BOND ETF (GNMA, ETF).

5-Year PerformanceFXF has outperformed GNMA, delivering a return of +1.9% compared to +0.5%

FXF vs GNMA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FXF(ETF)	GNMA(ETF)
Net Assets	$431M	$429M
Expense Ratio	0.40%	0.10%
Max Drawdown	35.58%	23.27%
Sharpe Ratio	-0.73	0.35
5Y Beta	-0.10	0.04
5Y Dividends CAGR	N/A	20.40%

Net Assets

Winner

FXF

$431M

GNMA

$429M

Expense Ratio

FXF

0.40%

Winner

GNMA

0.10%

Max Drawdown

FXF

35.58%

Winner

GNMA

23.27%

Sharpe Ratio

FXF

-0.73

Winner

GNMA

0.35

5Y Beta

Winner

FXF

-0.10

GNMA

0.04

5Y Dividends CAGR

FXF

N/A

GNMA

20.40%

FXF vs GNMA - Historical Returns

Returns include dividend reinvestment.

Period	FXF	GNMA
1 month	-0.55%	-0.48%
3 months	-3.91%	-0.74%
6 months	-2.49%	+0.04%
1 year	-2.36%	+4.72%
5 years(CAGR)	+1.91%	+0.47%
10 years(CAGR)	+1.09%	+1.11%
Max(CAGR)	+1.64%	+1.33%

FXF

-0.55%

Winner

GNMA

-0.48%

FXF

-3.91%

Winner

GNMA

-0.74%

FXF

-2.49%

Winner

GNMA

+0.04%

FXF

-2.36%

Winner

GNMA

+4.72%

5Y(CAGR)

Winner

FXF

+1.91%

GNMA

+0.47%

10Y(CAGR)

FXF

+1.09%

Winner

GNMA

+1.11%

Max(CAGR)

Winner

FXF

+1.64%

GNMA

+1.33%

FXF vs GNMA - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	FXF	GNMA
2026	-2.83%	+0.60%
2025	+14.70%	+8.45%
2024	-6.46%	+1.71%
2023	+11.03%	+4.84%
2022	-1.57%	-10.46%
2021	-4.45%	-1.82%
2020	+8.45%	+3.43%
2019	+1.08%	+5.88%
2018	-2.27%	+0.79%
2017	+4.24%	+1.79%
2016	-2.62%	+0.96%
2015	-1.07%	+0.80%
2014	-9.80%	+6.51%
2013	+2.54%	-2.32%
2012	+1.42%	+1.55%
2011	-1.00%	N/A
2010	+9.94%	N/A
2009	+4.08%	N/A
2008	+6.11%	N/A
2007	+9.72%	N/A
2006	+2.39%	N/A

FXF vs GNMA Drawdown Comparison

The maximum drawdown for FXF was -35.58%, occurring on Nov 3, 2022. This drawdown has not yet recovered.

The maximum drawdown for GNMA was -17.09%, occurring on Oct 20, 2022. Recovery took 1416 trading sessions.

The current FXF drawdown is -20.69%. The current GNMA drawdown is -1.72%.

Rank	FXF	GNMA
#1	-35.58% Aug 9, 2011 - Nov 3, 2022	-17.09% Apr 8, 2020 - Nov 25, 2025
#2	-18.94% Mar 17, 2008 - Sep 27, 2010	-9.58% Aug 15, 2012 - Jan 20, 2016
#3	-5.35% Nov 26, 2007 - Jan 14, 2008	-3.06% Aug 10, 2016 - Sep 5, 2017
#4	-5.08% Oct 14, 2010 - Dec 22, 2010	-2.96% Sep 5, 2017 - Dec 28, 2018
#5	-4.80% Dec 5, 2006 - Jul 20, 2007	-2.61% Feb 27, 2026 - May 19, 2026
#6	-4.14% Dec 31, 2010 - Feb 24, 2011	-2.52% Mar 9, 2020 - Mar 24, 2020
#7	-4.07% Aug 4, 2006 - Nov 24, 2006	-1.33% Jun 15, 2012 - Jul 31, 2012
#8	-3.55% May 3, 2011 - May 27, 2011	-1.27% May 31, 2012 - Jun 15, 2012
#9	-2.88% Mar 17, 2011 - Apr 12, 2011	-1.25% Feb 11, 2016 - Jun 10, 2016
#10	-2.54% Jul 7, 2006 - Aug 4, 2006	-1.10% Aug 9, 2012 - Aug 15, 2012
#11	-2.40% Aug 3, 2007 - Sep 7, 2007	-1.05% Aug 2, 2012 - Aug 9, 2012
#12	-2.36% Jan 31, 2008 - Feb 26, 2008	-0.84% May 16, 2012 - May 31, 2012
#13	-2.20% Jun 3, 2011 - Jun 28, 2011	-0.84% Mar 13, 2012 - Mar 29, 2012
#14	-1.95% Jun 28, 2011 - Jul 12, 2011	-0.79% Nov 25, 2025 - Dec 31, 2025
#15	-1.86% Sep 28, 2007 - Oct 26, 2007	-0.72% Mar 28, 2019 - May 6, 2019

Correlation

Correlation between FXF and GNMA is -0.03 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.03

-101

Dividend Comparison (2006 - 2026)

FXF vs GNMA dividend yield comparison.

Year	FXF	GNMA
2026	0.00%	2.12%
2025	0.00%	4.19%
2024	0.03%	4.15%
2023	0.02%	3.43%
2022	0.00%	2.01%
2021	0.00%	0.64%
2020	0.00%	1.89%
2019	0.00%	2.61%
2018	0.00%	2.41%
2017	0.00%	2.15%
2016	0.00%	1.89%
2015	0.00%	1.50%
2014	0.00%	1.22%
2013	0.00%	1.06%
2012	0.00%	1.29%
2008	1.14%	0.00%
2007	1.25%	0.00%
2006	0.30%	0.00%