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

^STOXX vs. EURUSD=X

Last updated Jun 5, 2026

^STOXX (STOXX Europe 600 Index) is an index, while EURUSD=X (EUR/USD) is a currency. Over the past 10 years, ^STOXX returned 6.19%/yr vs 0.00%/yr for EURUSD=X. At a correlation of -0.00, they often move in opposite directions.

Performance

^STOXX vs. EURUSD=X - Performance Comparison

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

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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

In the year-to-date period, ^STOXX achieves a 5.45% return, which is significantly higher than EURUSD=X's 0.02% 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%

EURUSD=X

1D
0.03%
1M
0.01%
YTD
0.02%
6M
-0.00%
1Y
0.02%
3Y*
0.01%
5Y*
-0.00%
10Y*
0.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^STOXX vs. EURUSD=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%
EURUSD=X
EUR/USD		0.02%-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 -0.02, 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

-0.02

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

-0.02

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

-0.01

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

-0.01

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

STOXX Europe 600 Index

EUR/USD

Often compared with ^STOXX:
^STOXX vs. SPY^STOXX vs. VOO^STOXX vs. ACWI^STOXX vs. ^GSPC^STOXX vs. EUR=X^STOXX vs. ^NDX^STOXX vs. SCHD
Often compared with EURUSD=X:
EURUSD=X vs. BTC-USDEURUSD=X vs. GBPUSD=XEURUSD=X vs. FXEEURUSD=X vs. NZDUSD=XEURUSD=X vs. ^GDAXIEURUSD=X vs. USDEURUSD=X vs. AUDUSD=X

Return for Risk

^STOXX vs. EURUSD=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
EURUSD=X
EURUSD=X Risk / Return Rank: 5252
Overall Rank
EURUSD=X Sharpe Ratio Rank: 5151
Sharpe Ratio Rank
EURUSD=X Sortino Ratio Rank: 5252
Sortino Ratio Rank
EURUSD=X Omega Ratio Rank: 5151
Omega Ratio Rank
EURUSD=X Calmar Ratio Rank: 5252
Calmar Ratio Rank
EURUSD=X Martin Ratio Rank: 5252
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. EURUSD=X - Risk-Adjusted Trends Comparison

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

^STOXXEURUSD=XDifference
Sharpe ratioReturn per unit of total volatility
1.07
0.02

+1.06

Sortino ratioReturn per unit of downside risk
1.60
0.03

+1.57

Omega ratioGain probability vs. loss probability

1.20

1.00

+0.20

Calmar ratioReturn relative to maximum drawdown

1.37

0.03

+1.34

Martin ratioReturn relative to average drawdown

4.91

0.15

+4.76

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. EURUSD=X - Sharpe Ratio Comparison

The current ^STOXX Sharpe Ratio is 1.07, which is higher than the EURUSD=X Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of ^STOXX and EURUSD=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

^STOXXEURUSD=XDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.07

0.02

+1.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.47

-0.00

+0.47

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.40

0.00

+0.39

Sharpe Ratio (All Time)

Calculated using the full available price history

0.31

0.00

+0.30

Drawdowns

^STOXX vs. EURUSD=X - Drawdown Comparison

The maximum ^STOXX drawdown since its inception was -61.04%, 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

^STOXXEURUSD=XDifference

Max Drawdown

Largest peak-to-trough decline

-61.04%

-1.76%

-59.28%

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 Drawdown

Current decline from peak

-1.48%

-0.72%

-0.76%

Average Drawdown

Average peak-to-trough decline

-16.77%

-0.72%

-16.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

0.09%

+2.58%

Volatility

^STOXX vs. EURUSD=X - Volatility Comparison

STOXX Europe 600 Index (^STOXX) has a higher volatility of 3.63% compared to EUR/USD (EURUSD=X) at 0.23%. 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

^STOXXEURUSD=XDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.63%

0.23%

+3.40%

Volatility (6M)

Calculated over the trailing 6-month period

10.21%

0.56%

+9.65%

Volatility (1Y)

Calculated over the trailing 1-year period

12.22%

0.75%

+11.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.98%

0.74%

+13.24%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.31%

1.15%

+14.16%

Frequently Asked Questions

^STOXX and EURUSD=X have a correlation of -0.02, 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 EURUSD=X (0.23%). In terms of maximum drawdown, ^STOXX dropped -61.04% vs EURUSD=X's -1.76%.

^STOXX currently has the higher Sharpe Ratio (1.07 vs 0.02), 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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