^STOXX vs. EURUSD=X
^STOXX (STOXX Europe 600 Index) is an index, while EURUSD=X (Euro / U.S. Dollar) is a currency. Over the past 10 years, ^STOXX returned 7.03%/yr vs -0.00%/yr for EURUSD=X. At a correlation of -0.01, they often move in opposite directions.
Performance
^STOXX vs. EURUSD=X - Performance Comparison
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Different Trading Currencies
^STOXX 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
^STOXX
- 1D
- 0.08%
- 1M
- 1.14%
- YTD
- 7.15%
- 6M
- 7.89%
- 1Y
- 18.28%
- 3Y*
- 11.91%
- 5Y*
- 6.78%
- 10Y*
- 7.03%
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%
^STOXX vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^STOXX STOXX Europe 600 Index | 7.15% | 17.42% | 5.39% | 12.74% | -13.06% | 22.10% | -3.83% | 23.78% | -13.61% | 7.68% |
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 ^STOXX 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 | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Sep 20, 2007 | -0.01 |
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Return for Risk
^STOXX vs. EURUSD=X — Risk / Return Rank
^STOXX
EURUSD=X
^STOXX vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for STOXX Europe 600 Index (^STOXX) 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.
| ^STOXX | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.48 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.99 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.85 | -0.06 | +1.90 |
| Martin ratioReturn relative to average drawdown | 6.73 | -0.27 | +7.00 |
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Drawdowns
^STOXX vs. EURUSD=X - Drawdown Comparison
The maximum ^STOXX drawdown since its inception was -60.54%, 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 ^STOXX and EURUSD=X.
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Drawdown Indicators
| ^STOXX | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.54% | -1.76% | -58.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.56% | -0.43% | -9.13% |
Max Drawdown (3Y)Largest decline over 3 years | -16.56% | -0.81% | -15.75% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -0.81% | -21.74% |
Max Drawdown (10Y)Largest decline over 10 years | -35.55% | -1.22% | -34.33% |
Current DrawdownCurrent decline from peak | -0.65% | -0.74% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -14.59% | -0.72% | -13.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 0.10% | +2.51% |
Volatility
^STOXX vs. EURUSD=X - Volatility Comparison
STOXX Europe 600 Index (^STOXX) has a higher volatility of 2.80% compared to Euro / U.S. Dollar (EURUSD=X) at 0.18%. This indicates that ^STOXX'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.
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Volatility by Period
| ^STOXX | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 0.18% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 10.28% | 0.58% | +9.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.23% | 0.75% | +11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.20% | 0.74% | +13.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 1.14% | +14.13% |
Frequently Asked Questions
^STOXX 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.
^STOXX has higher volatility (2.80%) compared to EURUSD=X (0.18%). In terms of maximum drawdown, ^STOXX dropped -60.54% vs EURUSD=X's -1.76%.
^STOXX currently has the higher Sharpe Ratio (1.45 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.
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