AUD=X vs. DNN

Last updated Jun 5, 2026

AUD=X (USD/AUD) is a currency, while DNN (Denison Mines Corp) is a stock. Over the past 10 years, AUD=X returned 0.35%/yr vs 20.66%/yr for DNN. At a correlation of -0.17, they often move in opposite directions.

Performance

AUD=X vs. DNN - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in USD/AUD (AUD=X) and Denison Mines Corp (DNN). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AUD=X is traded in AUD, while DNN is traded in USD. To make them comparable, the DNN 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 -6.13% return, which is significantly lower than DNN's 20.34% return. Over the past 10 years, AUD=X has underperformed DNN with an annualized return of 0.35%, while DNN has yielded a comparatively higher 20.66% annualized return.

AUD=X

• 1D: 0.29%
• 1M: 1.05%
• YTD: -6.13%
• 6M: -7.02%
• 1Y: -8.71%
• 3Y*: -2.36%
• 5Y*: 1.72%
• 10Y*: 0.35%

DNN

• 1D: -0.00%
• 1M: -10.04%
• YTD: 20.34%
• 6M: 16.24%
• 1Y: 92.58%
• 3Y*: 38.69%
• 5Y*: 22.08%
• 10Y*: 20.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUD=X vs. DNN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AUD=X USD/AUD	-6.13%	-7.26%	10.06%	0.08%	6.61%	5.86%	-8.78%	0.47%	10.72%	-7.62%
DNN Denison Mines Corp	20.34%	37.05%	11.93%	54.03%	-10.51%	124.16%	40.52%	-9.06%	-6.59%	-1.28%

Correlation

The correlation between AUD=X and DNN is -0.22, 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	-0.22
Correlation (3Y) Calculated over the trailing 3-year period	-0.12
Correlation (5Y) Calculated over the trailing 5-year period	-0.20
Correlation (10Y) Calculated over the trailing 10-year period	-0.14
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007	-0.17

Return for Risk

AUD=X vs. DNN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUD=X

AUD=X Risk / Return Rank: 15
AUD=X Sharpe Ratio Rank: 14
AUD=X Sortino Ratio Rank: 14
AUD=X Omega Ratio Rank: 16
AUD=X Calmar Ratio Rank: 18
AUD=X Martin Ratio Rank: 12

DNN

DNN Risk / Return Rank: 83
DNN Sharpe Ratio Rank: 85
DNN Sortino Ratio Rank: 81
DNN Omega Ratio Rank: 77
DNN Calmar Ratio Rank: 86
DNN Martin Ratio Rank: 84

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.

AUD=X vs. DNN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD/AUD (AUD=X) and Denison Mines Corp (DNN). 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.

	AUD=X	DNN	Difference
Sharpe ratio: Return per unit of total volatility	-0.96	1.55	-2.51
Sortino ratio: Return per unit of downside risk	-1.31	2.18	-3.49
Omega ratio: Gain probability vs. loss probability	0.86	1.25	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.61	3.13	-3.74
Martin ratio: Return relative to average drawdown	-1.18	6.88	-8.06
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUD=X vs. DNN - Sharpe Ratio Comparison

The current AUD=X Sharpe Ratio is -0.96, which is lower than the DNN Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of AUD=X and DNN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AUD=X	DNN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.96	1.55	-2.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	0.37	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.03	0.33	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	-0.05	+0.13

Drawdowns

AUD=X vs. DNN - Drawdown Comparison

The maximum AUD=X drawdown since its inception was -45.40%, smaller than the maximum DNN drawdown of -96.87%. Use the drawdown chart below to compare losses from any high point for AUD=X and DNN.

Drawdown Indicators

	AUD=X	DNN	Difference
Max Drawdown Largest peak-to-trough decline	-45.40%	-96.87%	+51.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.57%	-28.50%	+16.93%
Max Drawdown (3Y) Largest decline over 3 years	-18.03%	-47.45%	+29.42%
Max Drawdown (5Y) Largest decline over 5 years	-18.03%	-51.78%	+33.75%
Max Drawdown (10Y) Largest decline over 10 years	-28.03%	-68.56%	+40.53%
Current Drawdown Current decline from peak	-19.33%	-55.86%	+36.53%
Average Drawdown Average peak-to-trough decline	-22.16%	-83.12%	+60.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.63%	12.93%	-6.30%

Volatility

AUD=X vs. DNN - Volatility Comparison

The current volatility for USD/AUD (AUD=X) is 2.08%, while Denison Mines Corp (DNN) has a volatility of 15.16%. This indicates that AUD=X experiences smaller price fluctuations and is considered to be less risky than DNN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUD=X	DNN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.08%	15.16%	-13.08%
Volatility (6M) Calculated over the trailing 6-month period	6.45%	42.17%	-35.72%
Volatility (1Y) Calculated over the trailing 1-year period	7.39%	57.63%	-50.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.02%	60.35%	-50.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.63%	62.02%	-52.39%

Frequently Asked Questions

Can I hold both AUD=X and DNN in my portfolio?

AUD=X and DNN have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUD=X or DNN?

DNN has higher volatility (15.16%) compared to AUD=X (2.08%). In terms of maximum drawdown, AUD=X dropped -45.40% vs DNN's -96.87%.

Which has better risk-adjusted returns?

DNN currently has the higher Sharpe Ratio (1.55 vs -0.96), 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.