^GDAXI vs. EURUSD=X
Compare and contrast key facts about DAX Performance Index (^GDAXI) and EUR/USD (EURUSD=X).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GDAXI or EURUSD=X.
Correlation
The correlation between ^GDAXI and EURUSD=X is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
^GDAXI vs. EURUSD=X - Performance Comparison
Key characteristics
^GDAXI:
2.23
EURUSD=X:
-0.71
^GDAXI:
3.03
EURUSD=X:
-0.95
^GDAXI:
1.38
EURUSD=X:
0.89
^GDAXI:
3.45
EURUSD=X:
-0.12
^GDAXI:
12.49
EURUSD=X:
-1.12
^GDAXI:
2.24%
EURUSD=X:
3.99%
^GDAXI:
12.54%
EURUSD=X:
6.21%
^GDAXI:
-72.68%
EURUSD=X:
-39.99%
^GDAXI:
-2.44%
EURUSD=X:
-34.59%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 11.95% return, which is significantly higher than EURUSD=X's 1.00% return. Over the past 10 years, ^GDAXI has outperformed EURUSD=X with an annualized return of 7.07%, while EURUSD=X has yielded a comparatively lower -0.78% annualized return.
^GDAXI
11.95%
4.86%
19.61%
28.31%
10.29%
7.07%
EURUSD=X
1.00%
0.47%
-6.56%
-3.39%
-0.70%
-0.78%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
^GDAXI vs. EURUSD=X — Risk-Adjusted Performance Rank
^GDAXI
EURUSD=X
^GDAXI vs. EURUSD=X - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and EUR/USD (EURUSD=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.
Drawdowns
^GDAXI vs. EURUSD=X - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, which is greater than EURUSD=X's maximum drawdown of -39.99%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and EURUSD=X. For additional features, visit the drawdowns tool.
Volatility
^GDAXI vs. EURUSD=X - Volatility Comparison
DAX Performance Index (^GDAXI) has a higher volatility of 4.87% compared to EUR/USD (EURUSD=X) at 1.78%. This indicates that ^GDAXI's price experiences larger fluctuations and is considered to be riskier than EURUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.