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FXC
Upturn stock ratingUpturn stock rating

Invesco CurrencyShares® Canadian Dollar Trust (FXC)

Upturn stock ratingUpturn stock rating
$68.33
Delayed price
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PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

04/01/2025: FXC (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type ETF
Historic Profit -8.22%
Avg. Invested days 33
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
ETF Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 04/01/2025

Key Highlights

Volume (30-day avg) 51714
Beta 6.95
52 Weeks Range 66.48 - 72.38
Updated Date 04/2/2025
52 Weeks Range 66.48 - 72.38
Updated Date 04/2/2025

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Invesco CurrencyShares® Canadian Dollar Trust

stock logo

ETF Overview

overview logo Overview

The Invesco CurrencySharesu00ae Canadian Dollar Trust (FXC) is designed to track the price of the Canadian Dollar, providing investors with a cost-effective and convenient way to gain exposure to the currency.

reliability logo Reputation and Reliability

Invesco is a well-established and reputable asset management firm with a long track record in the ETF market.

reliability logo Management Expertise

Invesco has significant experience in managing currency-based ETFs and other investment products.

Investment Objective

overview logo Goal

To reflect the price of the Canadian Dollar.

Investment Approach and Strategy

Strategy: The fund seeks to reflect the price of the Canadian Dollar. It holds Canadian Dollars in a deposit account.

Composition The ETF holds Canadian Dollars.

Market Position

Market Share: FXC holds a significant portion of the currency ETF market share, particularly among those focused on the Canadian dollar.

Total Net Assets (AUM): 83773240

Competitors

overview logo Key Competitors

  • No direct competitors exist since no other ETFs provide direct exposure to CAD in the same structure

Competitive Landscape

FXC is the only US-listed ETF offering direct exposure to the Canadian Dollar, giving it a monopoly. Its advantage is its simplicity and direct currency exposure. There are no direct competitor ETFs.

Financial Performance

Historical Performance: Historical performance is directly tied to the Canadian Dollar's performance against the US dollar. Past performance is not indicative of future results.

Benchmark Comparison: The performance mirrors the CAD/USD exchange rate.

Expense Ratio: 0.4

Liquidity

Average Trading Volume

The average daily trading volume is moderate, ensuring relatively easy entry and exit for most investors.

Bid-Ask Spread

The bid-ask spread is generally tight, indicating efficient trading.

Market Dynamics

Market Environment Factors

Economic factors influencing the Canadian Dollar include commodity prices (especially oil), interest rate differentials between Canada and the US, and overall global economic conditions.

Growth Trajectory

Growth is directly correlated to the Canadian Dollar's strength. No strategy changes or holdings have been indicated.

Moat and Competitive Advantages

Competitive Edge

FXC has a distinct advantage by being the only ETF that provides direct exposure to the Canadian Dollar. There is no other comparable ETF providing the same investment exposure. This lack of direct competition provides a competitive edge and advantage.

Risk Analysis

Volatility

The ETF's volatility is tied to the volatility of the Canadian Dollar against the US Dollar.

Market Risk

The primary risk is currency fluctuation, which is impacted by economic and political events affecting both Canada and the US.

Investor Profile

Ideal Investor Profile

Investors seeking to diversify their portfolio with currency exposure or those with views on the Canadian Dollar's appreciation or depreciation are ideal investors.

Market Risk

This ETF is more suitable for active traders or those looking for short-term currency exposure, rather than passive index followers.

Summary

The Invesco CurrencySharesu00ae Canadian Dollar Trust (FXC) offers a simple way to gain exposure to the Canadian Dollar. As the only ETF of its kind, FXC is best for investors seeking to profit from exchange rate fluctuations or diversify their portfolios with currency exposure. Its performance is tightly linked to the CAD/USD exchange rate, making it a direct bet on the Canadian Dollar. It is suitable for active traders and those hedging against currency risk.

Similar Companies

  • None

Sources and Disclaimers

Data Sources:

  • Invesco Official Website
  • ETF.com
  • Yahoo Finance

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investors should conduct their own research and consult with a qualified financial advisor before making any investment decisions. All financial data is approximate and based on available information as of the current date.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Invesco CurrencyShares® Canadian Dollar Trust

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

The shares are intended to provide institutional and retail investors with a simple,cost-effective means of gaining investment benefits similar to those of holding Canadian Dollars.

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