AUD=X vs. CCJ
Compare and contrast key facts about USD/AUD (AUD=X) and Cameco Corporation (CCJ).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AUD=X or CCJ.
Correlation
The correlation between AUD=X and CCJ is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AUD=X vs. CCJ - Performance Comparison
Key characteristics
AUD=X:
0.50
CCJ:
-0.30
AUD=X:
0.84
CCJ:
-0.11
AUD=X:
1.11
CCJ:
0.99
AUD=X:
0.16
CCJ:
-0.36
AUD=X:
1.89
CCJ:
-0.77
AUD=X:
2.55%
CCJ:
18.80%
AUD=X:
9.21%
CCJ:
47.76%
AUD=X:
-56.54%
CCJ:
-87.86%
AUD=X:
-24.42%
CCJ:
-32.48%
Returns By Period
In the year-to-date period, AUD=X achieves a -2.42% return, which is significantly higher than CCJ's -19.67% return. Over the past 10 years, AUD=X has underperformed CCJ with an annualized return of 1.92%, while CCJ has yielded a comparatively higher 11.06% annualized return.
AUD=X
-2.42%
0.68%
5.13%
0.95%
0.06%
1.92%
CCJ
-19.67%
-4.73%
-25.85%
-14.17%
34.05%
11.06%
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Risk-Adjusted Performance
AUD=X vs. CCJ — Risk-Adjusted Performance Rank
AUD=X
CCJ
AUD=X vs. CCJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/AUD (AUD=X) and Cameco Corporation (CCJ). 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.
Drawdowns
AUD=X vs. CCJ - Drawdown Comparison
The maximum AUD=X drawdown since its inception was -56.54%, smaller than the maximum CCJ drawdown of -87.86%. Use the drawdown chart below to compare losses from any high point for AUD=X and CCJ. For additional features, visit the drawdowns tool.
Volatility
AUD=X vs. CCJ - Volatility Comparison
The current volatility for USD/AUD (AUD=X) is 0.17%, while Cameco Corporation (CCJ) has a volatility of 15.44%. This indicates that AUD=X experiences smaller price fluctuations and is considered to be less risky than CCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.