Correlation
The correlation between AUD=X and PL=F 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.
AUD=X vs. PL=F
Compare and contrast key facts about USD/AUD (AUD=X) and Platinum (PL=F).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AUD=X or PL=F.
Performance
AUD=X vs. PL=F - Performance Comparison
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Key characteristics
AUD=X:
0.30
PL=F:
0.05
AUD=X:
0.49
PL=F:
0.25
AUD=X:
1.06
PL=F:
1.03
AUD=X:
0.09
PL=F:
0.02
AUD=X:
0.79
PL=F:
0.14
AUD=X:
3.56%
PL=F:
7.70%
AUD=X:
10.11%
PL=F:
27.15%
AUD=X:
-56.54%
PL=F:
-68.68%
AUD=X:
-25.49%
PL=F:
-44.72%
Returns By Period
In the year-to-date period, AUD=X achieves a -3.80% return, which is significantly lower than PL=F's 15.71% return. Over the past 10 years, AUD=X has outperformed PL=F with an annualized return of 1.91%, while PL=F has yielded a comparatively lower -0.55% annualized return.
AUD=X
-3.80%
-0.76%
1.24%
3.43%
3.71%
0.72%
1.91%
PL=F
15.71%
8.93%
10.42%
1.10%
2.85%
3.79%
-0.55%
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Risk-Adjusted Performance
AUD=X vs. PL=F — Risk-Adjusted Performance Rank
AUD=X
PL=F
AUD=X vs. PL=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/AUD (AUD=X) and Platinum (PL=F). 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.
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Drawdowns
AUD=X vs. PL=F - Drawdown Comparison
The maximum AUD=X drawdown since its inception was -56.54%, smaller than the maximum PL=F drawdown of -68.68%. Use the drawdown chart below to compare losses from any high point for AUD=X and PL=F.
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Volatility
AUD=X vs. PL=F - Volatility Comparison
The current volatility for USD/AUD (AUD=X) is 2.91%, while Platinum (PL=F) has a volatility of 8.30%. This indicates that AUD=X experiences smaller price fluctuations and is considered to be less risky than PL=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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