AUDUSD=X vs. MSFT

Last updated Jun 6, 2026

AUDUSD=X (AUD/USD) is a currency, while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, AUDUSD=X returned -0.57%/yr vs 24.64%/yr for MSFT. At a 0.29 correlation, their price movements are largely independent.

Performance

AUDUSD=X vs. MSFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AUD/USD (AUDUSD=X) and Microsoft Corporation (MSFT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUDUSD=X achieves a 5.47% return, which is significantly higher than MSFT's -13.46% return. Over the past 10 years, AUDUSD=X has underperformed MSFT with an annualized return of -0.57%, while MSFT has yielded a comparatively higher 24.64% annualized return.

AUDUSD=X

• 1D: -1.33%
• 1M: -2.74%
• YTD: 5.47%
• 6M: 6.02%
• 1Y: 8.20%
• 3Y*: 1.80%
• 5Y*: -1.88%
• 10Y*: -0.57%

MSFT

• 1D: -2.66%
• 1M: 0.87%
• YTD: -13.46%
• 6M: -13.38%
• 1Y: -10.20%
• 3Y*: 8.53%
• 5Y*: 11.60%
• 10Y*: 24.64%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AUDUSD=X vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AUDUSD=X AUD/USD	5.47%	7.81%	-9.12%	-0.06%	-6.27%	-5.58%	9.75%	-0.37%	-9.73%	8.36%
MSFT Microsoft Corporation	-13.46%	15.58%	12.93%	58.19%	-28.02%	52.48%	42.53%	57.56%	20.80%	40.73%

Correlation

The correlation between AUDUSD=X and MSFT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007	0.29

The correlation between AUDUSD=X and MSFT shifts across timeframes, from 0.18 (3 years) to 0.29 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AUDUSD=X vs. MSFT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AUDUSD=X

AUDUSD=X Risk / Return Rank: 79
AUDUSD=X Sharpe Ratio Rank: 76
AUDUSD=X Sortino Ratio Rank: 75
AUDUSD=X Omega Ratio Rank: 75
AUDUSD=X Calmar Ratio Rank: 82
AUDUSD=X Martin Ratio Rank: 85

MSFT

MSFT Risk / Return Rank: 26
MSFT Sharpe Ratio Rank: 24
MSFT Sortino Ratio Rank: 22
MSFT Omega Ratio Rank: 22
MSFT Calmar Ratio Rank: 32
MSFT Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AUDUSD=X vs. MSFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AUD/USD (AUDUSD=X) and Microsoft Corporation (MSFT). 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.

	AUDUSD=X	MSFT	Difference
Sharpe ratio: Return per unit of total volatility	0.86	-0.41	+1.27
Sortino ratio: Return per unit of downside risk	1.26	-0.40	+1.65
Omega ratio: Gain probability vs. loss probability	1.15	0.95	+0.20
Calmar ratio: Return relative to maximum drawdown	1.56	-0.30	+1.86
Martin ratio: Return relative to average drawdown	4.16	-0.64	+4.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AUDUSD=X vs. MSFT - Sharpe Ratio Comparison

The current AUDUSD=X Sharpe Ratio is 0.86, which is higher than the MSFT Sharpe Ratio of -0.41. The chart below compares the historical Sharpe Ratios of AUDUSD=X and MSFT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AUDUSD=X	MSFT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.86	-0.41	+1.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	0.44	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.06	0.91	-0.97
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.74	-0.82

Drawdowns

AUDUSD=X vs. MSFT - Drawdown Comparison

The maximum AUDUSD=X drawdown since its inception was -47.87%, smaller than the maximum MSFT drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for AUDUSD=X and MSFT.

Drawdown Indicators

	AUDUSD=X	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-69.38%	+21.51%
Max Drawdown (1Y) Largest decline over 1 year	-4.20%	-33.91%	+29.71%
Max Drawdown (3Y) Largest decline over 3 years	-13.83%	-33.91%	+20.08%
Max Drawdown (5Y) Largest decline over 5 years	-23.18%	-37.15%	+13.97%
Max Drawdown (10Y) Largest decline over 10 years	-29.18%	-37.15%	+7.97%
Current Drawdown Current decline from peak	-36.11%	-22.65%	-13.46%
Average Drawdown Average peak-to-trough decline	-25.83%	-21.78%	-4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	16.07%	-14.45%

Volatility

AUDUSD=X vs. MSFT - Volatility Comparison

The current volatility for AUD/USD (AUDUSD=X) is 2.44%, while Microsoft Corporation (MSFT) has a volatility of 10.32%. This indicates that AUDUSD=X experiences smaller price fluctuations and is considered to be less risky than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUDUSD=X	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.44%	10.32%	-7.88%
Volatility (6M) Calculated over the trailing 6-month period	6.62%	22.34%	-15.72%
Volatility (1Y) Calculated over the trailing 1-year period	7.62%	25.25%	-17.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.08%	26.63%	-16.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.67%	27.05%	-17.38%

Frequently Asked Questions

Can I hold both AUDUSD=X and MSFT in my portfolio?

AUDUSD=X and MSFT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AUDUSD=X or MSFT?

MSFT has higher volatility (10.32%) compared to AUDUSD=X (2.44%). In terms of maximum drawdown, AUDUSD=X dropped -47.87% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

AUDUSD=X currently has the higher Sharpe Ratio (0.86 vs -0.41), 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.