The Big Picture
The 10-year yield rose to 5.28% in a week of 29,000 new jobs
Invesco CurrencyShares Swiss Franc Trust
$105.71+0.29 (+0.28%)
- 0.40%
- $371M
- −4.6%
- 0.00%
- 0M sh
- $105.92
- low $105.30high $116.30
The ETF.net FXF Grade
C
Score 53 out of 100
- 4 of 9
Score 53 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B67 out of 100Rank 1 of 9Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D31 out of 100Rank 8 of 9Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C42 out of 100Rank 6 of 9Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A70 out of 100Rank 1 of 9
Our read on FXF
COne of the original ways to own Swiss francs in a brokerage account. Running since 2006, this grantor trust simply tracks the dollar price of the franc, the currency markets reach for when the world gets loud.
The Trust is designed to track the price of the Swiss franc. Its objective is to reflect the U.S.-dollar price of Swiss francs plus accrued interest, less applicable expenses.
Why people hold it
- Pure single-currency exposure: the trust's value reflects the dollar price of Swiss francs plus accrued interest, less expenses. No stocks, bonds or index underneath.invesco.com
- The franc is the market's classic safe haven, sought out when geopolitics or markets turn turbulent.cnbc.com
- Trading since 2006, it is one of the longest-running single-currency products and sits in the upper half of a small field.
- At 0.40% a year it matches the typical single-currency fund and its CurrencyShares siblings FXE, FXB and FXY. Same sticker, different currency.
Worth knowing
- Thinly traded next to mainstream ETFs, so bid/ask spreads and order size carry more weight here.
- Swiss rates sat below zero from 2015 to 2022. When franc interest is minimal, the 0.40% fee comes straight out of the franc balance.cnbc.com
- One exchange rate drives everything. No company earnings or bond coupons sit underneath the shares.
FXF Holdings
- Other
- 2
- 100%
- Cash & Equivalents
FXF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FXF$9,539
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FXF |
|---|---|
| Year to date | −5.5% |
| 1 month | −2.3% |
| 3 months | −3.3% |
| 1 year | −4.6% |
| 3 years | +2.5% |
| 5 years | +1.7% |
| 10 years | +0.9% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FXF |
|---|---|---|
| 2026 YTD | −5.5% | |
| 2025 | +14.0% | |
| 2024 | −7.5% | |
| 2023 | +9.6% | |
| 2022 | −2.3% | |
| 2021 | −4.1% | |
| 2020 | +8.2% |
FXF in the news
The Big Picture
The Fed hiked. The 30-year yield fell 1 basis point
FXF Dividends
- 0.00%
No distributions in the last 12 months.
Distribution history
FXF Risk
- 8.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.17
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −11.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FXF Cost
0.40%
FXF0.40%
- The middle half of Single Currency funds
- Median 0.40%
No Single Currency fund charges less.
Other funds in Single Currency
- BFXYInvesco CurrencyShares Japanese Yen TrustExpense ratio 0.40%1 year return −4.8%
- CFXCInvesco CurrencyShares Canadian Dollar TrustExpense ratio 0.40%1 year return −1.9%
- CUSDUWisdomTree Bloomberg U.S. Dollar Bullish FundExpense ratio 0.50%1 year return +5.6%
- CFXAInvesco CurrencyShares Australian Dollar TrustExpense ratio 0.40%1 year return +8.7%
- CUUPInvesco DB US Dollar Index Bullish FundExpense ratio 0.78%1 year return +8.0%