AUDUSD=X vs. NZDUSD=X

Last updated Apr 2, 2026

Compare and contrast key facts about AUD/USD (AUDUSD=X) and New Zealand Dollar/US Dollar FX (NZDUSD=X).

Performance

AUDUSD=X vs. NZDUSD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AUD/USD (AUDUSD=X) and New Zealand Dollar/US Dollar FX (NZDUSD=X). The values are adjusted to include any dividend payments, if applicable.

AUDUSD=X vs. NZDUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AUDUSD=X AUD/USD	3.33%	7.81%	-9.12%	-0.06%	-6.27%	-5.58%	9.75%	-0.37%	-9.73%	8.36%
NZDUSD=X New Zealand Dollar/US Dollar FX	-0.57%	2.87%	-11.45%	-0.44%	-7.32%	-4.75%	6.74%	0.43%	-5.48%	2.51%

Returns By Period

In the year-to-date period, AUDUSD=X achieves a 3.33% return, which is significantly higher than NZDUSD=X's -0.57% return. Over the past 10 years, AUDUSD=X has outperformed NZDUSD=X with an annualized return of -1.06%, while NZDUSD=X has yielded a comparatively lower -1.85% annualized return.

AUDUSD=X

• 1D: -0.07%
• 1M: -2.77%
• YTD: 3.33%
• 6M: 4.28%
• 1Y: 9.85%
• 3Y*: 1.04%
• 5Y*: -1.95%
• 10Y*: -1.06%

NZDUSD=X

• 1D: -0.41%
• 1M: -3.62%
• YTD: -0.57%
• 6M: -1.63%
• 1Y: 0.39%
• 3Y*: -2.92%
• 5Y*: -4.04%
• 10Y*: -1.85%

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

Return for Risk

AUDUSD=X vs. NZDUSD=X — 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: 77
AUDUSD=X Sharpe Ratio Rank: 77
AUDUSD=X Sortino Ratio Rank: 75
AUDUSD=X Omega Ratio Rank: 79
AUDUSD=X Calmar Ratio Rank: 79
AUDUSD=X Martin Ratio Rank: 77

NZDUSD=X

NZDUSD=X Risk / Return Rank: 35
NZDUSD=X Sharpe Ratio Rank: 48
NZDUSD=X Sortino Ratio Rank: 48
NZDUSD=X Omega Ratio Rank: 48
NZDUSD=X Calmar Ratio Rank: 16
NZDUSD=X Martin Ratio Rank: 14

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. NZDUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AUD/USD (AUDUSD=X) and New Zealand Dollar/US Dollar FX (NZDUSD=X). 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	NZDUSD=X	Difference
Sharpe ratio Return per unit of total volatility	0.85	0.03	+0.81
Sortino ratio Return per unit of downside risk	1.20	0.11	+1.09
Omega ratio Gain probability vs. loss probability	1.17	1.01	+0.16
Calmar ratio Return relative to maximum drawdown	1.45	-0.60	+2.05
Martin ratio Return relative to average drawdown	3.75	-1.16	+4.91
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. NZDUSD=X - Sharpe Ratio Comparison

The current AUDUSD=X Sharpe Ratio is 0.85, which is higher than the NZDUSD=X Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of AUDUSD=X and NZDUSD=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AUDUSD=X	NZDUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.85	0.03	+0.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.18	-0.38	+0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.10	-0.18	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	-0.10	+0.03

Correlation

The correlation between AUDUSD=X and NZDUSD=X is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

AUDUSD=X vs. NZDUSD=X - Drawdown Comparison

The maximum AUDUSD=X drawdown since its inception was -47.87%, which is greater than NZDUSD=X's maximum drawdown of -39.83%. Use the drawdown chart below to compare losses from any high point for AUDUSD=X and NZDUSD=X.

Drawdown Indicators

	AUDUSD=X	NZDUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-39.83%	-8.04%
Max Drawdown (1Y) Largest decline over 1 year	-5.86%	-8.48%	+2.62%
Max Drawdown (5Y) Largest decline over 5 years	-24.02%	-24.17%	+0.15%
Max Drawdown (10Y) Largest decline over 10 years	-29.18%	-26.48%	-2.70%
Current Drawdown Current decline from peak	-37.41%	-35.15%	-2.26%
Average Drawdown Average peak-to-trough decline	-25.44%	-19.29%	-6.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.62%	4.37%	-2.75%

Volatility

AUDUSD=X vs. NZDUSD=X - Volatility Comparison

AUD/USD (AUDUSD=X) and New Zealand Dollar/US Dollar FX (NZDUSD=X) have volatilities of 3.50% and 3.36%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AUDUSD=X	NZDUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.50%	3.36%	+0.14%
Volatility (6M) Calculated over the trailing 6-month period	5.76%	5.93%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	9.26%	9.08%	+0.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.11%	10.01%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.76%	9.77%	-0.01%