Invesco CurrencyShares Swiss Franc Trust (FXF) — Stock Correlations & Overview
Over the past year, FXF has moved most closely with FXE, ISHG, ULE. Explore the stocks most correlated and inversely correlated with FXF below, along with its price, financials, and company profile.
Stocks correlated with FXF
Correlation of daily returns. Higher positive values move with FXF; negative values move opposite it. Informational only, not investment advice.
Most correlated with FXF
| Symbol | Company | Correlation |
|---|---|---|
| FXE | Invesco CurrencyShares Euro Currency TrustCOMMODITY CONTRACTS BROKERS & DEALERS | 0.88 |
| ISHG | iShares 1-3 Year International Treasury Bond ETF | 0.84 |
| ULE | ProShares Ultra EuroCOMMODITY CONTRACTS BROKERS & DEALERS | 0.83 |
| UDN | Invesco DB US Dollar Index Bearish FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.79 |
| PICB | Invesco International Corporate Bond ETF | 0.78 |
Most inversely correlated with FXF
| Symbol | Company | Correlation |
|---|---|---|
| EUO | ProShares UltraShort EuroCOMMODITY CONTRACTS BROKERS & DEALERS | -0.86 |
| UUP | Invesco DB US Dollar Index Bullish FundCOMMODITY CONTRACTS BROKERS & DEALERS | -0.77 |
| USDU | WisdomTree Bloomberg U.S. Dollar Bullish Fund | -0.65 |
| YCS | ProShares UltraShort YenCOMMODITY CONTRACTS BROKERS & DEALERS | -0.56 |
| EPV | ProShares UltraShort FTSE Europe | -0.49 |
Frequently asked questions about FXF correlations
- Which stocks are most correlated with FXF?
- Based on one year of daily returns, the stocks most correlated with Invesco CurrencyShares Swiss Franc Trust (FXF) are FXE (0.88), ISHG (0.84) and ULE (0.83). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with FXF?
- Over the past year, the stocks most inversely correlated with Invesco CurrencyShares Swiss Franc Trust (FXF) are EUO (-0.86), UUP (-0.77) and USDU (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these FXF correlations calculated?
- We compute the correlation of daily returns between FXF and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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