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US Dollar/Czech Koruna FX

Often compared with CZK=X:
CZK=X vs. FXE

Performance

CZK=X Performance Chart

US Dollar/Czech Koruna FX (CZK=X) is up 2.1% since the beginning of the year. CZK=X is currently trading at CZK 21 per share. Investors who bought CZK 1,000 worth of CZK=X shares 5 years ago would now be looking at an investment worth CZK 1,005.


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S&P 500 Index

Returns By Period

US Dollar/Czech Koruna FX (CZK=X) has returned 2.06% so far this year and -3.11% over the past 12 months.


US Dollar/Czech Koruna FX

1D
0.77%
1M
1.39%
YTD
2.06%
6M
1.05%
1Y
-3.11%
3Y*
-1.58%
5Y*
0.10%
10Y*
-1.24%

Benchmark (S&P 500 Index)

1D
-1.90%
1M
1.65%
YTD
10.09%
6M
8.60%
1Y
3Y*
5Y*
10Y*
*Multi-year figures are annualized to reflect compound growth (CAGR)

CZK=X Monthly Returns History

Based on dividend-adjusted daily data since Jul 13, 2007, CZK=X's average daily return is 0.00%, while the average monthly return is +0.07%. At this rate, an investment would double in approximately 82.5 years.

Historically, 48% of months were positive and 52% were negative. The best month was Jan 2009 with a return of +13.5%, while the worst month was Jul 2010 at -9.6%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.

On a daily basis, CZK=X closed higher 49% of trading days. The best single day was Nov 7, 2013 with a return of +5.3%, while the worst single day was Oct 23, 2008 at -4.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-0.22%-0.08%3.57%-2.16%0.28%0.75%2.06%
2025-0.14%-0.59%-4.51%-4.60%-0.23%-4.51%2.68%-3.07%-0.69%1.81%-1.33%-1.20%-15.48%
20242.55%2.19%-0.23%0.78%-3.50%2.33%0.85%-3.51%-0.06%2.74%2.65%1.93%8.78%
2023-2.96%1.51%-2.58%-1.32%3.90%-1.87%-0.25%2.20%4.05%0.61%-3.90%0.22%-0.77%
2022-1.00%3.54%-1.64%5.80%-1.34%2.48%1.99%1.29%2.91%-1.27%-5.57%-3.59%3.06%
2021-0.13%0.99%2.77%-3.35%-3.36%3.43%-0.17%0.18%1.73%1.37%1.42%-2.76%1.85%

Benchmark Metrics

US Dollar/Czech Koruna FX has an annualized alpha of -5.65%, beta of 0.17, and R2 of 0.08 versus S&P 500 Index. Calculated based on daily prices since July 16, 2007.

  • This currency participated in 68.94% of S&P 500 Index downside but only 7.71% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.17 may look defensive, but with R2 of 0.08 this currency is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this currency's risk.
  • R2 of 0.08 means this currency moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
-5.65%
Beta
0.17
0.08
Upside Capture
7.71%
Downside Capture
68.94%

Return for Risk

Risk / Return Rank

CZK=X ranks 29 for risk / return — below 29% of currencies on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.


CZK=X Risk / Return Rank: 2929
Overall Rank
CZK=X Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
CZK=X Sortino Ratio Rank: 2828
Sortino Ratio Rank
CZK=X Omega Ratio Rank: 2828
Omega Ratio Rank
CZK=X Calmar Ratio Rank: 2929
Calmar Ratio Rank
CZK=X Martin Ratio Rank: 3030
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for US Dollar/Czech Koruna FX (CZK=X) and compare them to S&P 500 Index.


CZK=XBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

Sortino ratioReturn per unit of downside risk

Omega ratioGain probability vs. loss probability

0.94

Calmar ratioReturn relative to maximum drawdown

-0.34

Martin ratioReturn relative to average drawdown

-0.61

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the US Dollar/Czech Koruna FX. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the US Dollar/Czech Koruna FX was 30.75%, occurring on Apr 28, 2011. Recovery took 964 trading sessions.

The current US Dollar/Czech Koruna FX drawdown is 19.27%.


Related event

Drawdown

Fall

Recovery

Underwater

2011 bear market2011
-30.75%Apr 2011
2y 2mo3y 8mo
5y 10moFeb 2009 - Jan 2015
Financial crisis2007–2009
-30.40%Jul 2008
11mo 10d5mo 28d
1y 5moAug 2007 - Jan 2009
2026 bear market2026
-22.64%Jan 2026
10y 10mo
11y 2moMar 2015 - now
2015 pullback2015
-3.34%Feb 2015
23d14d
1mo 7dJan 2015 - Mar 2015
Financial crisis2007–2009
-3.29%Feb 2009
4d1d
5dFeb 2009 - Feb 2009

Drawdown Indicators


CZK=XBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-30.75%

-6.64%

-24.11%

Max Drawdown (1Y)

Largest decline over 1 year

-7.48%

Max Drawdown (3Y)

Largest decline over 3 years

-18.31%

Max Drawdown (5Y)

Largest decline over 5 years

-21.80%

Max Drawdown (10Y)

Largest decline over 10 years

-22.64%

Current Drawdown

Current decline from peak

-19.27%

-2.23%

-17.04%

Average Drawdown

Average peak-to-trough decline

-13.99%

-1.47%

-12.52%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.36%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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