AUD=X vs. CCJ
AUD=X (USD/AUD) is a currency, while CCJ (Cameco Corporation) is a stock. Over the past 10 years, AUD=X returned 0.62%/yr vs 27.54%/yr for CCJ. At a correlation of -0.14, they often move in opposite directions.
Performance
AUD=X vs. CCJ - Performance Comparison
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Different Trading Currencies
AUD=X is traded in AUD, while CCJ is traded in USD. To make them comparable, the CCJ 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 -3.28% return, which is significantly lower than CCJ's 9.50% return. Over the past 10 years, AUD=X has underperformed CCJ with an annualized return of 0.62%, while CCJ has yielded a comparatively higher 27.54% annualized return.
AUD=X
- 1D
- 0.01%
- 1M
- 3.88%
- YTD
- -3.28%
- 6M
- -2.78%
- 1Y
- -5.68%
- 3Y*
- -1.09%
- 5Y*
- 1.93%
- 10Y*
- 0.62%
CCJ
- 1D
- -2.86%
- 1M
- -0.53%
- YTD
- 9.50%
- 6M
- 7.84%
- 1Y
- 37.04%
- 3Y*
- 49.93%
- 5Y*
- 42.05%
- 10Y*
- 27.54%
AUD=X vs. CCJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUD=X USD/AUD | -3.28% | -7.26% | 10.06% | 0.08% | 6.61% | 5.86% | -8.78% | 0.47% | 10.72% | -7.62% |
CCJ Cameco Corporation | 9.50% | 65.43% | 31.49% | 90.63% | 11.24% | 72.76% | 38.17% | -20.71% | 36.83% | -15.19% |
Correlation
The correlation between AUD=X and CCJ is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2007 | -0.14 |
The correlation between AUD=X and CCJ shifts across timeframes, from -0.24 (1 year) to -0.10 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AUD=X vs. CCJ — Risk / Return Rank
AUD=X
CCJ
AUD=X vs. CCJ - Risk-Adjusted Trends 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.
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 | CCJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.21 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.16 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 1.30 | -1.69 |
| Martin ratioReturn relative to average drawdown | -0.73 | 2.94 | -3.67 |
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Drawdowns
AUD=X vs. CCJ - Drawdown Comparison
The maximum AUD=X drawdown since its inception was -45.40%, smaller than the maximum CCJ drawdown of -79.35%. Use the drawdown chart below to compare losses from any high point for AUD=X and CCJ.
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Drawdown Indicators
| AUD=X | CCJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.40% | -79.35% | +33.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.57% | -28.68% | +17.11% |
Max Drawdown (3Y)Largest decline over 3 years | -18.03% | -35.51% | +17.48% |
Max Drawdown (5Y)Largest decline over 5 years | -18.03% | -35.51% | +17.48% |
Max Drawdown (10Y)Largest decline over 10 years | -28.03% | -46.52% | +18.49% |
Current DrawdownCurrent decline from peak | -16.89% | -21.18% | +4.29% |
Average DrawdownAverage peak-to-trough decline | -22.22% | -45.72% | +23.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.70% | 12.65% | -5.95% |
Volatility
AUD=X vs. CCJ - Volatility Comparison
The current volatility for USD/AUD (AUD=X) is 2.20%, while Cameco Corporation (CCJ) has a volatility of 16.91%. 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.
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Volatility by Period
| AUD=X | CCJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 16.91% | -14.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 36.33% | -29.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 52.41% | -44.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.02% | 46.98% | -36.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.59% | 44.64% | -35.05% |
Frequently Asked Questions
AUD=X and CCJ have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CCJ has higher volatility (16.91%) compared to AUD=X (2.20%). In terms of maximum drawdown, AUD=X dropped -45.40% vs CCJ's -79.35%.
CCJ currently has the higher Sharpe Ratio (0.71 vs -0.61), 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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