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 0.01, 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.
Performance
AUD=X vs. UROY - Performance Comparison
Key characteristics
AUD=X:
0.49
UROY:
-0.53
AUD=X:
0.82
UROY:
-0.51
AUD=X:
1.11
UROY:
0.94
AUD=X:
0.15
UROY:
-0.42
AUD=X:
1.87
UROY:
-1.33
AUD=X:
2.53%
UROY:
23.47%
AUD=X:
9.21%
UROY:
58.87%
AUD=X:
-56.54%
UROY:
-74.57%
AUD=X:
-24.49%
UROY:
-71.11%
Returns By Period
In the year-to-date period, AUD=X achieves a -2.51% return, which is significantly higher than UROY's -23.74% return.
AUD=X
-2.51%
-0.37%
5.61%
1.50%
-0.05%
1.91%
UROY
-23.74%
-7.22%
-36.74%
-29.54%
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 -74.57%. 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 0.18%, while Uranium Royalty Corp (UROY) has a volatility of 19.90%. 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.