AUD=X vs. UROY
Compare and contrast key facts about USD/AUD (AUD=X) and Uranium Royalty Corp (UROY).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AUD=X or UROY.
Correlation
The correlation between AUD=X and UROY is 0.02, 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. UROY - Performance Comparison
Key characteristics
AUD=X:
0.45
UROY:
-0.38
AUD=X:
0.71
UROY:
-0.23
AUD=X:
1.09
UROY:
0.98
AUD=X:
0.11
UROY:
-0.31
AUD=X:
1.47
UROY:
-1.16
AUD=X:
2.28%
UROY:
17.84%
AUD=X:
7.62%
UROY:
54.93%
AUD=X:
-56.54%
UROY:
-68.17%
AUD=X:
-25.07%
UROY:
-60.90%
Returns By Period
In the year-to-date period, AUD=X achieves a -3.25% return, which is significantly lower than UROY's 3.20% return.
AUD=X
-3.25%
-1.91%
4.84%
2.44%
0.64%
1.87%
UROY
3.20%
-5.44%
11.88%
-19.00%
N/A
N/A
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Risk-Adjusted Performance
AUD=X vs. UROY — Risk-Adjusted Performance Rank
AUD=X
UROY
AUD=X vs. UROY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/AUD (AUD=X) and Uranium Royalty Corp (UROY). 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. UROY - Drawdown Comparison
The maximum AUD=X drawdown since its inception was -56.54%, smaller than the maximum UROY drawdown of -68.17%. Use the drawdown chart below to compare losses from any high point for AUD=X and UROY. For additional features, visit the drawdowns tool.
Volatility
AUD=X vs. UROY - Volatility Comparison
The current volatility for USD/AUD (AUD=X) is 0.25%, while Uranium Royalty Corp (UROY) has a volatility of 10.13%. This indicates that AUD=X experiences smaller price fluctuations and is considered to be less risky than UROY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.