FXA vs VXUS
Invesco CurrencyShares Australian Dollar Trust vs Vanguard Total International Stock ETF
Which is better, FXA or VXUS?
Single Currency against Large Cap Blend.
VXUS has a lower expense ratio. VXUS led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FXA | VXUS |
|---|---|---|
| Expense Ratio | 0.40% | 0.05%Best |
| AUM | $96M | $158.1B |
| Dividend Yield | 1.02% | 2.51% |
| Holdings | 3 | 8,747 |
| YTD Return | +7.14% | +13.64%Best |
| 1Y Return | +8.09% | +20.82%Best |
| 3Y Return (annualized) | +4.72% | +19.58%Best |
| 5Y Return (annualized) | +0.41% | +9.14%Best |
| Volatility (annualized) | 10.4%Best | 15.0% |
| Max Drawdown | -47.9% | -39.9%Best |
| $10,000 over 5 years | $10,207 | $15,485Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Single Currency | Large Cap Blend |
| Inception | Jun 21, 2006 | Jan 26, 2011 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jan 28, 2011 to Sep 17, 2026 (15.6 years).
FXA vs VXUS growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 15.6 years both funds cover.
FXA vs VXUS Performance
Invesco CurrencyShares Australian Dollar Trust (FXA) is an ETF from Invesco (US) and Vanguard Total International Stock ETF (VXUS) is an ETF from Vanguard (US). Over the past year FXA returned +8.09% while VXUS returned +20.82%. Year to date, FXA is up 7.14% versus a gain of 13.64% for VXUS.
Over three years, FXA compounded at +4.72% per year against +19.58% for VXUS; over five years the annualized figures are +0.41% and +9.14% respectively. Across the full 16-year window we track, VXUS has the edge at +4.77% annualized vs -1.90%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VXUS has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 10.4% for FXA. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -47.9% for FXA and -39.9% for VXUS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
FXA charges 0.40% per year while VXUS charges 0.05%. On a $10,000 position that is $40 vs $5 annually, a gap of $35 per year that compounds over a long holding period. On income, FXA currently yields 1.02% against 2.51% for VXUS.
You are not choosing between two funds in isolation.
Whichever of FXA and VXUS you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FXA or VXUS?
FXA has an expense ratio of 0.40% while VXUS charges 0.05%. VXUS is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, FXA or VXUS?
Over the past year FXA returned +8.09% vs +20.82% for VXUS, so VXUS leads on 1-year performance. Over the longest common window we track (16 years), FXA annualized -1.90% vs +4.77% for VXUS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FXA or VXUS?
VXUS has been the more volatile fund at 15.0% annualized versus 10.4% for FXA. Worst drawdown: FXA -47.9% vs VXUS -39.9%.
Should I hold both FXA and VXUS?
FXA and VXUS have a monthly-return correlation of 0.76, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FXA or VXUS?
FXA yields 1.02% while VXUS yields 2.51%, so VXUS currently pays the higher dividend yield.
Is VXUS better than FXA?
VXUS has a lower expense ratio. VXUS led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.