Invesco CurrencyShares Swiss Franc ETF (FXF) Performance
FXF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −4.4% since Dec 31, 2025
- 1 year
- −4.1% total return
- 5 years
- +1.6% a year
- 10 years
- +1.0% a year
- Since first price
- +1.5% a year since 2006
FXF trailing returns vs SPY, QQQ, AGG
| Period | FXF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.1% | −0.1% | −1.0% | −5.0% | +0.9% |
| 3 months | −1.1% | −1.1% | +3.2% | +1.9% | −0.4% |
| 6 months | −4.9% | −4.9% | +7.8% | +8.4% | −1.5% |
| YTD | −4.4% | −4.4% | +12.3% | +15.1% | −1.0% |
| 1 year | −4.1% | −4.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +6.9%+2.3%/yr | +6.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +8.3%+1.6%/yr | +8.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +10.9%+1.0%/yr | +10.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | −4.7%−0.3%/yr | −4.9% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +38.9%+1.7%/yr | +35.1% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJun 26, 2006 | +36.6%+1.5%/yr | +32.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FXF vs SPY
From Jun 26, 2006: FXF grew to $13,657, SPY to $88,028.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FXF returns by calendar year
11 of 19 full years positive. Best 2025 (+14.0%), worst 2014 (−10.5%). 2026 is year to date.
FXF annual returns table
| Year | FXF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −4.4% | −9.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +14.0% | −4.5% | +17.7% | +20.8% | +7.2% |
| 2024 | −7.5% | −7.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +9.6% | −6.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −2.3% | −10.8% | −18.2% | −32.6% | −13.0% |
| 2021 | −4.1% | −7.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +8.2% | −6.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +0.3% | −5.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −2.0% | −9.6% | −4.6% | −0.1% | +0.1% |
| 2017 | +3.3% | −6.1% | +21.7% | +32.7% | +3.6% |
| 2016 | −2.7% | −8.2% | +12.0% | +7.1% | +2.4% |
| 2015 | −1.8% | −17.5% | +1.2% | +9.4% | +0.5% |
| 2014 | −10.5% | −12.4% | +13.5% | +19.2% | +6.0% |
| 2013 | +2.2% | −7.3% | +32.3% | +36.6% | −2.0% |
| 2012 | +2.2% | −10.2% | +16.0% | +18.1% | +3.8% |
| 2011 | −1.1% | −24.2% | +1.9% | +3.4% | +7.7% |
| 2010 | +10.5% | −12.9% | +15.1% | +19.9% | +6.4% |
| 2009 | +2.2% | −9.0% | +26.4% | +54.7% | +3.0% |
| 2008 | +7.6% | −18.9% | −36.8% | −41.7% | +7.9% |
| 2007 | +9.0% | −5.4% | +5.1% | +19.0% | +6.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FXF largest drawdowns
Now 21.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Aug 9, 2011 | −35.5% | Nov 3, 2022 | not yet | 11.2 years | 15.2 years so far |
| Mar 17, 2008 | −18.9% | Nov 20, 2008 | Sep 27, 2010 | 8 months | 2.5 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FXF risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +2.8% | +1.7% | +0.7% | +1.4% |
| Volatility (annualized) | 8.6% | 8.5% | 7.6% | 9.8% |
| Sharpe ratio | -0.15 | -0.18 | -0.17 | 0.06 |
| Sortino ratio | -0.22 | -0.26 | -0.24 | 0.08 |
| Best month | +7.1% | +7.1% | +7.1% | +14.0% |
| Worst month | −3.9% | −5.2% | −5.2% | −11.1% |
| Best 12 months | +17.3% | +17.3% | +17.3% | +35.4% |
| Worst 12 months | −7.5% | −9.5% | −9.5% | −19.8% |
| Positive months | 58% | 57% | 54% | 54% |
| Beta vs S&P 500 | 0.20 | 0.20 | 0.14 | — |
| Correlation with S&P 500 | 0.28 | 0.38 | 0.28 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FXF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 233 | −19.8% | +0.9% | +35.4% | 55% |
| 3-year (a year) | 209 | −5.1% | +0.7% | +10.6% | 61% |
| 5-year (a year) | 185 | −4.7% | +0.7% | +9.7% | 59% |
| 10-year (a year) | 125 | −2.3% | −0.0% | +2.4% | 50% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
FXF performance overview
Invesco CurrencyShares Swiss Franc ETF (FXF) returned −4.1% over the past year and +1.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +1.5% a year, turning $10,000 into about $13,657. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −35.5%, from Aug 9, 2011 to Nov 3, 2022; the fund has not yet regained that high. FXF finished 11 of its 19 full calendar years with a gain; the best year was 2025 (+14.0%) and the worst 2014 (−10.5%). Volatility has been 9.8% a year.
Related: FXF chart. See the FXF overview for the latest quote and fund facts.
FXF performance FAQ
What is the FXF return over the past year?
FXF returned −4.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.1%.
What is the average annual return of FXF?
FXF has returned +1.6% a year over 5 years, +1.0% a year over 10 years, +1.5% a year since June 26, 2006 (total return, distributions reinvested).
How much would $10,000 invested in FXF be worth?
$10,000 invested in FXF at its first recorded close on June 26, 2006 would be worth about $13,657 on October 23, 2026 with distributions reinvested.
What was the worst year for FXF?
The worst calendar year was 2014, with a total return of −10.5%. The best was 2025 at +14.0%.
What is the biggest drawdown of FXF?
The largest peak-to-trough decline was −35.5% between August 9, 2011 and November 3, 2022. It has not yet recovered to that high; it is 21.9% below its peak.
How volatile is FXF?
Over the past 3 years FXF had an annualized volatility of 8.6% and a Sharpe ratio of -0.15 (excess return over 1–3 month T-bills per unit of risk).