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Upturn AI SWOT - About
Invesco CurrencyShares® Canadian Dollar Trust (FXC)
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Upturn Advisory Summary
04/01/2025: FXC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
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 Advisory Performance  1.0 | ETF Returns Performance  1.0 |
| 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 |
Upturn AI SWOT
Invesco CurrencyShares® Canadian Dollar Trust
ETF Overview
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.
Reputation and Reliability
Invesco is a well-established and reputable asset management firm with a long track record in the ETF market.
Management Expertise
Invesco has significant experience in managing currency-based ETFs and other investment products.
Investment Objective
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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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