^AFLI vs. NZDUSD=X
^AFLI (S&P/ASX 50) is an index, while NZDUSD=X (New Zealand Dollar/US Dollar FX) is a currency. Over the past 10 years, ^AFLI returned 5.15%/yr vs -1.15%/yr for NZDUSD=X. Their -0.04 correlation means they have often moved in opposite directions in the past.
Performance
^AFLI vs. NZDUSD=X - Performance Comparison
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Different Trading Currencies
^AFLI is traded in AUD, while NZDUSD=X is traded in USD. To make them comparable, the NZDUSD=X values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ^AFLI achieves a 7.52% return, which is significantly higher than NZDUSD=X's -3.25% return. Over the past 10 years, ^AFLI has outperformed NZDUSD=X with an annualized return of 5.15%, while NZDUSD=X has yielded a comparatively lower -1.15% annualized return.
^AFLI
- 1D
- 1.03%
- 1M
- 3.97%
- 6M
- 5.69%
- YTD
- 7.52%
- 1Y
- 6.02%
- 3Y*
- 7.88%
- 5Y*
- 4.21%
- 10Y*
- 5.15%
- ALL TIME*
- 4.15%
NZDUSD=X
- 1D
- -0.53%
- 1M
- 1.62%
- 6M
- -3.08%
- YTD
- -3.25%
- 1Y
- -8.66%
- 3Y*
- -3.49%
- 5Y*
- -2.61%
- 10Y*
- -1.15%
- ALL TIME*
- -0.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^AFLI S&P/ASX 50 | A$1.90B | A$1.89B | A$2.19B |
NZDUSD=X New Zealand Dollar/US Dollar FX | A$121.31K | A$114.99K | A$122.17K |
^AFLI vs. NZDUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^AFLI S&P/ASX 50 | 7.52% | 3.98% | 7.44% | 8.52% | -3.01% | 12.37% | -4.86% | 19.07% | -5.89% | 4.57% |
NZDUSD=X New Zealand Dollar/US Dollar FX | -3.25% | -4.60% | -2.54% | -0.37% | -1.19% | 0.84% | -2.63% | 0.90% | 4.65% | -5.29% |
Correlation
The correlation between ^AFLI and NZDUSD=X is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.02 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.01 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2013 | -0.04 |
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Return for Risk
^AFLI vs. NZDUSD=X — Risk / Return Rank
^AFLI
NZDUSD=X
^AFLI vs. NZDUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P/ASX 50 (^AFLI) and New Zealand Dollar/US Dollar FX (NZDUSD=X). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^AFLI | NZDUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.77 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.59 | -0.64 | +1.24 |
| Martin ratioReturn relative to average drawdown | 1.18 | -0.97 | +2.15 |
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Drawdowns
^AFLI vs. NZDUSD=X - Drawdown Comparison
The maximum ^AFLI drawdown since its inception was -35.46%, which is greater than NZDUSD=X's maximum drawdown of -21.38%. Use the drawdown chart below to compare losses from any high point for ^AFLI and NZDUSD=X.
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Drawdown Indicators
| ^AFLI | NZDUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.46% | -21.38% | -14.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.06% | -10.94% | +2.88% |
Max Drawdown (3Y)Largest decline over 3 years | -13.79% | -13.81% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -14.59% | -16.00% | +1.41% |
Max Drawdown (10Y)Largest decline over 10 years | -35.46% | -17.88% | -17.58% |
Current DrawdownCurrent decline from peak | 0.00% | -16.09% | +16.09% |
Average DrawdownAverage peak-to-trough decline | -6.06% | -8.60% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.06% | 5.13% | -1.07% |
Volatility
^AFLI vs. NZDUSD=X - Volatility Comparison
S&P/ASX 50 (^AFLI) has a higher volatility of 2.28% compared to New Zealand Dollar/US Dollar FX (NZDUSD=X) at 1.37%. This indicates that ^AFLI's price experiences larger fluctuations and is considered to be riskier than NZDUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^AFLI | NZDUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.28% | 1.37% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 9.63% | 3.54% | +6.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.05% | 4.46% | +7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.56% | 4.81% | +7.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.75% | 5.21% | +9.54% |
Frequently Asked Questions
^AFLI and NZDUSD=X have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^AFLI has higher volatility (2.28%) compared to NZDUSD=X (1.37%). In terms of maximum drawdown, ^AFLI dropped -35.46% vs NZDUSD=X's -21.38%.
^AFLI currently has the higher Sharpe Ratio (0.40 vs -1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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