^GDAXI vs. EURUSD=X
^GDAXI (DAX Performance Index) is an index, while EURUSD=X (Euro / U.S. Dollar) is a currency. Over the past 10 years, ^GDAXI returned 10.32%/yr vs -0.00%/yr for EURUSD=X. At a correlation of -0.00, they often move in opposite directions.
Performance
^GDAXI vs. EURUSD=X - Performance Comparison
Loading charts...
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
^GDAXI
- 1D
- 0.00%
- 1M
- -1.77%
- YTD
- 1.02%
- 6M
- 1.64%
- 1Y
- 5.29%
- 3Y*
- 16.09%
- 5Y*
- 9.65%
- 10Y*
- 10.32%
EURUSD=X
- 1D
- -0.01%
- 1M
- -0.02%
- YTD
- -0.00%
- 6M
- -0.03%
- 1Y
- -0.03%
- 3Y*
- -0.01%
- 5Y*
- -0.00%
- 10Y*
- -0.00%
^GDAXI vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^GDAXI DAX Performance Index | 1.02% | 23.01% | 18.85% | 20.31% | -12.35% | 15.79% | 3.55% | 25.48% | -18.26% | 12.51% |
EURUSD=X Euro / U.S. Dollar | -0.00% | -0.03% | 0.01% | 0.07% | -0.18% | 0.16% | -0.12% | 0.27% | -0.19% | 0.11% |
Correlation
The correlation between ^GDAXI and EURUSD=X is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2007 | -0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
^GDAXI vs. EURUSD=X — Risk / Return Rank
^GDAXI
EURUSD=X
^GDAXI vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and Euro / U.S. Dollar (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.
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.
| ^GDAXI | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.99 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.43 | -0.06 | +0.49 |
| Martin ratioReturn relative to average drawdown | 1.35 | -0.27 | +1.62 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| ^GDAXI | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.68% | -1.76% | -70.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.27% | -0.43% | -11.84% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -0.81% | -15.20% |
Max Drawdown (5Y)Largest decline over 5 years | -26.40% | -0.81% | -25.59% |
Max Drawdown (10Y)Largest decline over 10 years | -38.78% | -1.22% | -37.56% |
Current DrawdownCurrent decline from peak | -2.68% | -0.74% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -15.51% | -0.72% | -14.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.90% | 0.10% | +3.80% |
Volatility
^GDAXI vs. EURUSD=X - Volatility Comparison
DAX Performance Index (^GDAXI) has a higher volatility of 3.38% compared to Euro / U.S. Dollar (EURUSD=X) at 0.18%. 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.
Loading charts...
Volatility by Period
| ^GDAXI | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 0.18% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 0.58% | +12.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.91% | 0.75% | +15.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.04% | 0.74% | +16.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.16% | 1.14% | +17.02% |
Frequently Asked Questions
^GDAXI and EURUSD=X have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^GDAXI has higher volatility (3.38%) compared to EURUSD=X (0.18%). In terms of maximum drawdown, ^GDAXI dropped -72.68% vs EURUSD=X's -1.76%.
^GDAXI currently has the higher Sharpe Ratio (0.33 vs -0.03), 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.
Find the right allocation for ^GDAXI and EURUSD=X
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer