AUDUSD=X vs. IEF
AUDUSD=X (AUD/USD) is a currency, while IEF (iShares 7-10 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Over the past 10 years, AUDUSD=X returned -0.44%/yr vs 0.59%/yr for IEF. At a correlation of -0.05, they often move in opposite directions.
Performance
AUDUSD=X vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, AUDUSD=X achieves a 5.54% return, which is significantly higher than IEF's -0.47% return. Over the past 10 years, AUDUSD=X has underperformed IEF with an annualized return of -0.44%, while IEF has yielded a comparatively higher 0.59% annualized return.
AUDUSD=X
- 1D
- -0.08%
- 1M
- -2.95%
- YTD
- 5.54%
- 6M
- 5.93%
- 1Y
- 7.81%
- 3Y*
- 1.34%
- 5Y*
- -1.78%
- 10Y*
- -0.44%
IEF
- 1D
- -0.17%
- 1M
- 0.19%
- YTD
- -0.47%
- 6M
- -0.18%
- 1Y
- 3.39%
- 3Y*
- 2.86%
- 5Y*
- -1.24%
- 10Y*
- 0.59%
AUDUSD=X vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AUDUSD=X AUD/USD | 5.54% | 7.81% | -9.12% | -0.06% | -6.27% | -5.58% | 9.75% | -0.37% | -9.73% | 8.36% |
IEF iShares 7-10 Year Treasury Bond ETF | -0.47% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
Correlation
The correlation between AUDUSD=X and IEF is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2007 | -0.05 |
The correlation between AUDUSD=X and IEF shifts across timeframes, from -0.05 (all time) to 0.22 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
AUDUSD=X vs. IEF — Risk / Return Rank
AUDUSD=X
IEF
AUDUSD=X vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AUD/USD (AUDUSD=X) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AUDUSD=X | IEF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.12 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 0.84 | +0.65 |
| Martin ratioReturn relative to average drawdown | 3.83 | 2.35 | +1.49 |
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Drawdowns
AUDUSD=X vs. IEF - Drawdown Comparison
The maximum AUDUSD=X drawdown since its inception was -47.87%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for AUDUSD=X and IEF.
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Drawdown Indicators
| AUDUSD=X | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -23.93% | -23.94% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -4.07% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -13.83% | -7.74% | -6.09% |
Max Drawdown (5Y)Largest decline over 5 years | -22.74% | -21.40% | -1.34% |
Max Drawdown (10Y)Largest decline over 10 years | -29.18% | -23.93% | -5.25% |
Current DrawdownCurrent decline from peak | -36.06% | -11.18% | -24.88% |
Average DrawdownAverage peak-to-trough decline | -25.87% | -5.35% | -20.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 1.45% | +0.24% |
Volatility
AUDUSD=X vs. IEF - Volatility Comparison
AUD/USD (AUDUSD=X) has a higher volatility of 2.13% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.62%. This indicates that AUDUSD=X's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AUDUSD=X | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.13% | 1.62% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 6.65% | 3.42% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.64% | 4.72% | +2.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.08% | 7.71% | +2.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.66% | 6.63% | +3.03% |
Frequently Asked Questions
AUDUSD=X and IEF 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.
AUDUSD=X has higher volatility (2.13%) compared to IEF (1.62%). In terms of maximum drawdown, AUDUSD=X dropped -47.87% vs IEF's -23.93%.
AUDUSD=X currently has the higher Sharpe Ratio (0.82 vs 0.72), 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.
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