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^STOXX vs. EUR=X
Performance
Return for Risk
Drawdowns
Volatility

^STOXX vs. EUR=X

Last updated Jun 5, 2026

^STOXX (STOXX Europe 600 Index) is an index, while EUR=X (USD/EUR) is a currency. Over the past 10 years, ^STOXX returned 6.19%/yr vs -0.14%/yr for EUR=X. At a correlation of -0.05, they often move in opposite directions.

Performance

^STOXX vs. EUR=X - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in STOXX Europe 600 Index (^STOXX) and USD/EUR (EUR=X). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ^STOXX achieves a 5.45% return, which is significantly higher than EUR=X's 1.96% return. Over the past 10 years, ^STOXX has outperformed EUR=X with an annualized return of 6.19%, while EUR=X has yielded a comparatively lower -0.14% annualized return.

^STOXX

1D
0.52%
1M
2.42%
YTD
5.45%
6M
7.88%
1Y
13.33%
3Y*
10.73%
5Y*
6.65%
10Y*
6.19%

EUR=X

1D
0.80%
1M
1.97%
YTD
1.96%
6M
1.05%
1Y
-0.66%
3Y*
-2.45%
5Y*
1.09%
10Y*
-0.14%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^STOXX vs. EUR=X - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
^STOXX
STOXX Europe 600 Index		5.45%16.66%5.98%12.73%-12.90%22.25%-4.04%23.16%-13.24%7.68%
EUR=X
USD/EUR		1.96%-11.87%6.60%-3.00%6.20%7.48%-8.24%2.26%4.69%-12.29%

Correlation

The correlation between ^STOXX and EUR=X is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.12

Correlation (3Y)
Calculated over the trailing 3-year period

-0.09

Correlation (5Y)
Calculated over the trailing 5-year period

-0.16

Correlation (10Y)
Calculated over the trailing 10-year period

-0.04

Correlation (All Time)
Calculated using the full available price history since Aug 29, 2007

-0.05

The correlation between ^STOXX and EUR=X shifts across timeframes, from -0.16 (5 years) to -0.04 (10 years), reflecting how their relationship changes across market environments.

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STOXX Europe 600 Index

USD/EUR

Often compared with ^STOXX:
^STOXX vs. SPY^STOXX vs. VOO^STOXX vs. ACWI^STOXX vs. ^GSPC^STOXX vs. EURUSD=X^STOXX vs. ^NDX^STOXX vs. SCHD
Often compared with EUR=X:
EUR=X vs. USD=XEUR=X vs. GBP=XEUR=X vs. GLDEUR=X vs. QQQEUR=X vs. USDXEUR=X vs. TLTEUR=X vs. ^GSPC

Return for Risk

^STOXX vs. EUR=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
^STOXX
^STOXX Risk / Return Rank: 4545
Overall Rank
^STOXX Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
^STOXX Sortino Ratio Rank: 4545
Sortino Ratio Rank
^STOXX Omega Ratio Rank: 4646
Omega Ratio Rank
^STOXX Calmar Ratio Rank: 4242
Calmar Ratio Rank
^STOXX Martin Ratio Rank: 4747
Martin Ratio Rank
EUR=X
EUR=X Risk / Return Rank: 4949
Overall Rank
EUR=X Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
EUR=X Sortino Ratio Rank: 4949
Sortino Ratio Rank
EUR=X Omega Ratio Rank: 4949
Omega Ratio Rank
EUR=X Calmar Ratio Rank: 4848
Calmar Ratio Rank
EUR=X Martin Ratio Rank: 4848
Martin Ratio Rank
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.

^STOXX vs. EUR=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for STOXX Europe 600 Index (^STOXX) and USD/EUR (EUR=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.

^STOXXEUR=XDifference
Sharpe ratioReturn per unit of total volatility
1.07
-0.09

+1.16

Sortino ratioReturn per unit of downside risk
1.60
-0.08

+1.68

Omega ratioGain probability vs. loss probability

1.20

0.99

+0.21

Calmar ratioReturn relative to maximum drawdown

1.37

-0.10

+1.47

Martin ratioReturn relative to average drawdown

4.91

-0.21

+5.12

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^STOXX vs. EUR=X - Sharpe Ratio Comparison

The current ^STOXX Sharpe Ratio is 1.07, which is higher than the EUR=X Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of ^STOXX and EUR=X, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

^STOXXEUR=XDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.07

-0.09

+1.16

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

0.13

+0.33

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

-0.02

+0.42

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.09

+0.21

Drawdowns

^STOXX vs. EUR=X - Drawdown Comparison

The maximum ^STOXX drawdown since its inception was -61.04%, which is greater than EUR=X's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for ^STOXX and EUR=X.

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Drawdown Indicators

^STOXXEUR=XDifference

Max Drawdown

Largest peak-to-trough decline

-61.04%

-20.32%

-40.72%

Max Drawdown (1Y)

Largest decline over 1 year

-9.56%

-5.39%

-4.17%

Max Drawdown (3Y)

Largest decline over 3 years

-16.56%

-15.23%

-1.33%

Max Drawdown (5Y)

Largest decline over 5 years

-22.55%

-20.32%

-2.23%

Max Drawdown (10Y)

Largest decline over 10 years

-35.55%

-20.32%

-15.23%

Current Drawdown

Current decline from peak

-1.48%

-16.71%

+15.23%

Average Drawdown

Average peak-to-trough decline

-16.77%

-9.58%

-7.19%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

1.80%

+0.87%

Volatility

^STOXX vs. EUR=X - Volatility Comparison

STOXX Europe 600 Index (^STOXX) has a higher volatility of 3.63% compared to USD/EUR (EUR=X) at 1.25%. This indicates that ^STOXX's price experiences larger fluctuations and is considered to be riskier than EUR=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

^STOXXEUR=XDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

1.25%

+2.38%

Volatility (6M)

Calculated over the trailing 6-month period

10.21%

4.44%

+5.77%

Volatility (1Y)

Calculated over the trailing 1-year period

12.22%

5.90%

+6.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.98%

7.33%

+6.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.31%

7.20%

+8.11%

Frequently Asked Questions

^STOXX and EUR=X have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

^STOXX has higher volatility (3.63%) compared to EUR=X (1.25%). In terms of maximum drawdown, ^STOXX dropped -61.04% vs EUR=X's -20.32%.

^STOXX currently has the higher Sharpe Ratio (1.07 vs -0.09), 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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