PortfoliosLab logoPortfoliosLab logo

Documentation

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

^STOXX vs. EURUSD=X

Last updated Jul 16, 2026
Documentation

^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 6.63%/yr vs 0.01%/yr for EURUSD=X. At a correlation of -0.01, 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 Euro / U.S. Dollar (EURUSD=X). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

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 8.32% return, which is significantly higher than EURUSD=X's 0.02% return. Over the past 10 years, ^STOXX has outperformed EURUSD=X with an annualized return of 6.63%, while EURUSD=X has yielded a comparatively lower 0.01% annualized return.

^STOXX

1D
0.17%
1M
1.21%
6M
4.99%
YTD
8.32%
1Y
17.83%
3Y*
11.69%
5Y*
7.08%
10Y*
6.63%

EURUSD=X

1D
-0.01%
1M
0.02%
6M
0.01%
YTD
0.02%
1Y
-0.01%
3Y*
0.01%
5Y*
0.01%
10Y*
0.01%
*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		8.32%17.42%5.39%12.74%-13.06%22.10%-3.83%23.78%-13.61%7.68%
EURUSD=X
Euro / U.S. Dollar		0.02%-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 -0.01, 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

-0.01

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 Oct 15, 2007

-0.01

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

Euro / U.S. Dollar

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: 5353
Overall Rank
^STOXX Sharpe Ratio Rank: 5353
Sharpe Ratio Rank
^STOXX Sortino Ratio Rank: 5858
Sortino Ratio Rank
^STOXX Omega Ratio Rank: 6161
Omega Ratio Rank
^STOXX Calmar Ratio Rank: 4646
Calmar Ratio Rank
^STOXX Martin Ratio Rank: 4848
Martin Ratio Rank
EURUSD=X
EURUSD=X Risk / Return Rank: 4040
Overall Rank
EURUSD=X Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
EURUSD=X Sortino Ratio Rank: 4040
Sortino Ratio Rank
EURUSD=X Omega Ratio Rank: 4141
Omega Ratio Rank
EURUSD=X Calmar Ratio Rank: 4040
Calmar Ratio Rank
EURUSD=X Martin Ratio Rank: 4040
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 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.

^STOXXEURUSD=XDifference
Sharpe ratioReturn per unit of total volatility
1.43
-0.01

+1.44

Sortino ratioReturn per unit of downside risk
2.12
-0.01

+2.13

Omega ratioGain probability vs. loss probability

1.27

1.00

+0.27

Calmar ratioReturn relative to maximum drawdown

1.84

-0.02

+1.86

Martin ratioReturn relative to average drawdown

6.72

-0.08

+6.80

^STOXX vs. EURUSD=X - Sharpe Ratio Comparison

The current ^STOXX Sharpe Ratio is 1.43, which is higher than the EURUSD=X Sharpe Ratio of -0.01. 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.

Loading charts...

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.

Loading charts...

Drawdown Indicators

^STOXXEURUSD=XDifference

Max Drawdown

Largest 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 Drawdown

Current decline from peak

-1.63%

-0.72%

-0.91%

Average Drawdown

Average peak-to-trough decline

-14.55%

-0.72%

-13.83%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.62%

0.10%

+2.52%

Volatility

^STOXX vs. EURUSD=X - Volatility Comparison

STOXX Europe 600 Index (^STOXX) has a higher volatility of 3.16% compared to Euro / U.S. Dollar (EURUSD=X) at 0.17%. 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.

Loading charts...

Volatility by Period

^STOXXEURUSD=XDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.16%

0.17%

+2.99%

Volatility (6M)

Calculated over the trailing 6-month period

10.44%

0.60%

+9.84%

Volatility (1Y)

Calculated over the trailing 1-year period

12.33%

0.75%

+11.58%

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

15.13%

1.14%

+13.99%

Frequently Asked Questions

^STOXX and EURUSD=X have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

^STOXX has higher volatility (3.16%) compared to EURUSD=X (0.17%). In terms of maximum drawdown, ^STOXX dropped -60.54% vs EURUSD=X's -1.76%.

^STOXX currently has the higher Sharpe Ratio (1.43 vs -0.01), 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.

Portfolio Optimizer

Find the right allocation for ^STOXX 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