^GDAXI vs. EURUSD=X

Last updated Apr 3, 2026

Compare and contrast key facts about DAX Performance Index (^GDAXI) and EUR/USD (EURUSD=X).

Performance

^GDAXI vs. EURUSD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in DAX Performance Index (^GDAXI) and EUR/USD (EURUSD=X). The values are adjusted to include any dividend payments, if applicable.

^GDAXI vs. EURUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^GDAXI DAX Performance Index	-5.40%	23.01%	18.85%	20.31%	-12.35%	15.79%	3.55%	25.48%	-18.26%	12.51%
EURUSD=X EUR/USD	0.20%	-0.03%	0.01%	0.07%	-0.18%	0.16%	-0.12%	0.27%	-0.19%	0.11%

Different Trading Currencies

^GDAXI is traded in EUR, while EURUSD=X is traded in USD. To make them comparable, the EURUSD=X values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^GDAXI achieves a -5.40% return, which is significantly lower than EURUSD=X's 0.20% return. Over the past 10 years, ^GDAXI has outperformed EURUSD=X with an annualized return of 8.96%, while EURUSD=X has yielded a comparatively lower 0.02% annualized return.

^GDAXI

• 1D: -0.56%
• 1M: -2.62%
• YTD: -5.40%
• 6M: -5.14%
• 1Y: 3.47%
• 3Y*: 14.14%
• 5Y*: 8.93%
• 10Y*: 8.96%

EURUSD=X

• 1D: 0.00%
• 1M: 0.20%
• YTD: 0.20%
• 6M: 0.23%
• 1Y: 0.01%
• 3Y*: 0.08%
• 5Y*: 0.04%
• 10Y*: 0.02%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^GDAXI vs. EURUSD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^GDAXI

^GDAXI Risk / Return Rank: 25
^GDAXI Sharpe Ratio Rank: 22
^GDAXI Sortino Ratio Rank: 20
^GDAXI Omega Ratio Rank: 21
^GDAXI Calmar Ratio Rank: 30
^GDAXI Martin Ratio Rank: 31

EURUSD=X

EURUSD=X Risk / Return Rank: 61
EURUSD=X Sharpe Ratio Rank: 72
EURUSD=X Sortino Ratio Rank: 74
EURUSD=X Omega Ratio Rank: 71
EURUSD=X Calmar Ratio Rank: 45
EURUSD=X Martin Ratio Rank: 42

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.

^GDAXI vs. EURUSD=X - Risk-Adjusted Trends 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.

	^GDAXI	EURUSD=X	Difference
Sharpe ratio Return per unit of total volatility	0.20	0.01	+0.19
Sortino ratio Return per unit of downside risk	0.38	0.02	+0.36
Omega ratio Gain probability vs. loss probability	1.05	1.00	+0.05
Calmar ratio Return relative to maximum drawdown	0.54	0.62	-0.07
Martin ratio Return relative to average drawdown	1.91	3.68	-1.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^GDAXI vs. EURUSD=X - Sharpe Ratio Comparison

The current ^GDAXI Sharpe Ratio is 0.20, which is higher than the EURUSD=X Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of ^GDAXI and EURUSD=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^GDAXI	EURUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	0.01	+0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.05	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.02	+0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.01	+0.40

Correlation

The correlation between ^GDAXI and EURUSD=X is 0.00, 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.

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 -1.76%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and EURUSD=X.

Drawdown Indicators

	^GDAXI	EURUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-72.68%	-40.01%	-32.67%
Max Drawdown (1Y) Largest decline over 1 year	-12.27%	-5.19%	-7.08%
Max Drawdown (5Y) Largest decline over 5 years	-26.40%	-21.68%	-4.72%
Max Drawdown (10Y) Largest decline over 10 years	-38.78%	-23.31%	-15.47%
Current Drawdown Current decline from peak	-8.86%	-27.85%	+18.99%
Average Drawdown Average peak-to-trough decline	-14.75%	-23.13%	+8.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	2.04%	+1.46%

Volatility

^GDAXI vs. EURUSD=X - Volatility Comparison

DAX Performance Index (^GDAXI) has a higher volatility of 6.64% compared to EUR/USD (EURUSD=X) at 0.50%. 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.

Volatility by Period

	^GDAXI	EURUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	0.50%	+6.14%
Volatility (6M) Calculated over the trailing 6-month period	11.28%	0.52%	+10.76%
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	1.05%	+16.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	0.74%	+16.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	1.15%	+17.15%