USD/PLN (PLN=X)

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USD/PLN (PLN=X) is up 1.4% since the beginning of the year. PLN=X is currently trading at PLN 4 per share. Investors who bought PLN 1,000 worth of PLN=X shares 5 years ago would now be looking at an investment worth PLN 990.

USD/PLN (PLN=X) has returned 1.42% so far this year and -3.18% over the past 12 months. Over the last ten years, PLN=X has returned -0.59% per year, falling short of the S&P 500 Index benchmark, which averaged 13.08% annually.

Based on dividend-adjusted daily data since Jul 11, 2007, PLN=X's average daily return is +0.01%, while the average monthly return is +0.20%. At this rate, an investment would double in approximately 28.9 years.

Historically, 48% of months were positive and 52% were negative. The best month was Jan 2009 with a return of +18.0%, while the worst month was Jul 2010 at -9.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.

On a daily basis, PLN=X closed higher 49% of trading days. The best single day was Oct 21, 2008 with a return of +5.3%, while the worst single day was Oct 28, 2008 at -6.0%.

USD/PLN has an annualized alpha of -0.11%, beta of 0.22, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since July 12, 2007.

• This currency participated in 35.21% of S&P 500 Index downside but only 21.04% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.22 may look defensive, but with R2 of 0.09 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 0.09 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.

PLN=X ranks 36 for risk / return — below 36% 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.

The table below present risk-adjusted performance metrics for USD/PLN (PLN=X) and compare them to S&P 500 Index.

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.

The table below displays the maximum drawdowns of the USD/PLN. 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 USD/PLN was 32.06%, occurring on May 2, 2011. Recovery took 1007 trading sessions.

The current USD/PLN drawdown is 27.27%.

The chart below shows the rolling one-month volatility.