Correlation
The correlation between AUD=X and SAND 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. SAND
Compare and contrast key facts about USD/AUD (AUD=X) and Sandstorm Gold Ltd. (SAND).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AUD=X or SAND.
Performance
AUD=X vs. SAND - Performance Comparison
Loading data...
Key characteristics
AUD=X:
0.30
SAND:
1.55
AUD=X:
0.49
SAND:
1.91
AUD=X:
1.06
SAND:
1.26
AUD=X:
0.09
SAND:
0.80
AUD=X:
0.79
SAND:
6.86
AUD=X:
3.56%
SAND:
7.62%
AUD=X:
10.11%
SAND:
36.47%
AUD=X:
-56.54%
SAND:
-86.60%
AUD=X:
-25.49%
SAND:
-39.17%
Returns By Period
In the year-to-date period, AUD=X achieves a -3.80% return, which is significantly lower than SAND's 59.10% return. Over the past 10 years, AUD=X has underperformed SAND with an annualized return of 1.91%, while SAND has yielded a comparatively higher 10.69% annualized return.
AUD=X
-3.80%
-0.76%
1.24%
3.43%
3.71%
0.72%
1.91%
SAND
59.10%
5.11%
53.33%
57.09%
11.41%
1.91%
10.69%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
AUD=X vs. SAND — Risk-Adjusted Performance Rank
AUD=X
SAND
AUD=X vs. SAND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/AUD (AUD=X) and Sandstorm Gold Ltd. (SAND). 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.
Loading data...
Drawdowns
AUD=X vs. SAND - Drawdown Comparison
The maximum AUD=X drawdown since its inception was -56.54%, smaller than the maximum SAND drawdown of -86.60%. Use the drawdown chart below to compare losses from any high point for AUD=X and SAND.
Loading data...
Volatility
AUD=X vs. SAND - Volatility Comparison
The current volatility for USD/AUD (AUD=X) is 2.91%, while Sandstorm Gold Ltd. (SAND) has a volatility of 12.31%. This indicates that AUD=X experiences smaller price fluctuations and is considered to be less risky than SAND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading data...