AUD=X vs. AG
AUD=X (USD/AUD) is a currency, while AG (First Majestic Silver Corp.) is a stock. Over the past 10 years, AUD=X returned 0.68%/yr vs 3.94%/yr for AG. At a correlation of -0.22, they often move in opposite directions.
Performance
AUD=X vs. AG - Performance Comparison
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Different Trading Currencies
AUD=X is traded in AUD, while AG is traded in USD. To make them comparable, the AG values have been converted to AUD using the latest available exchange rates.
Returns By Period
In the year-to-date period, AUD=X achieves a -4.46% return, which is significantly lower than AG's 1.74% return. Over the past 10 years, AUD=X has underperformed AG with an annualized return of 0.68%, while AG has yielded a comparatively higher 3.94% annualized return.
AUD=X
- 1D
- 0.27%
- 1M
- 2.04%
- YTD
- -4.46%
- 6M
- -4.68%
- 1Y
- -7.73%
- 3Y*
- -1.49%
- 5Y*
- 1.63%
- 10Y*
- 0.68%
AG
- 1D
- -1.11%
- 1M
- -7.04%
- YTD
- 1.74%
- 6M
- -3.47%
- 1Y
- 102.46%
- 3Y*
- 47.46%
- 5Y*
- 4.37%
- 10Y*
- 3.94%
AUD=X vs. AG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUD=X USD/AUD | -4.46% | -7.26% | 10.06% | 0.08% | 6.61% | 5.86% | -8.78% | 0.47% | 10.72% | -7.62% |
AG First Majestic Silver Corp. | 1.74% | 182.22% | -1.46% | -25.93% | -19.76% | -12.39% | -0.00% | 109.12% | -3.24% | -18.39% |
Correlation
The correlation between AUD=X and AG is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.24 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | -0.22 |
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Return for Risk
AUD=X vs. AG — Risk / Return Rank
AUD=X
AG
AUD=X vs. AG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/AUD (AUD=X) and First Majestic Silver Corp. (AG). 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.
| AUD=X | AG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.22 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 1.25 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | 2.06 | -2.60 |
| Martin ratioReturn relative to average drawdown | -1.00 | 4.80 | -5.80 |
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Drawdowns
AUD=X vs. AG - Drawdown Comparison
The maximum AUD=X drawdown since its inception was -45.40%, smaller than the maximum AG drawdown of -85.35%. Use the drawdown chart below to compare losses from any high point for AUD=X and AG.
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Drawdown Indicators
| AUD=X | AG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.40% | -85.35% | +39.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -50.04% | +38.47% |
Max Drawdown (3Y)Largest decline over 3 years | -18.03% | -50.04% | +32.01% |
Max Drawdown (5Y)Largest decline over 5 years | -18.03% | -68.83% | +50.80% |
Max Drawdown (10Y)Largest decline over 10 years | -28.03% | -77.36% | +49.33% |
Current DrawdownCurrent decline from peak | -17.90% | -43.55% | +25.65% |
Average DrawdownAverage peak-to-trough decline | -22.21% | -50.62% | +28.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.66% | 21.41% | -14.75% |
Volatility
AUD=X vs. AG - Volatility Comparison
The current volatility for USD/AUD (AUD=X) is 1.95%, while First Majestic Silver Corp. (AG) has a volatility of 21.45%. This indicates that AUD=X experiences smaller price fluctuations and is considered to be less risky than AG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUD=X | AG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | 21.45% | -19.50% |
Volatility (6M)Calculated over the trailing 6-month period | 6.50% | 54.69% | -48.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.41% | 70.77% | -63.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.00% | 57.61% | -47.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.60% | 58.59% | -48.99% |
Frequently Asked Questions
AUD=X and AG have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AG has higher volatility (21.45%) compared to AUD=X (1.95%). In terms of maximum drawdown, AUD=X dropped -45.40% vs AG's -85.35%.
AG currently has the higher Sharpe Ratio (1.46 vs -0.85), 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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