BA.L vs. USD=X
BA.L (BAE Systems plc) is a stock, while USD=X (USD Cash) is a currency. Over the past 10 years, BA.L returned 18.87%/yr vs 0.67%/yr for USD=X. At a 0.01 correlation, their price movements are largely independent.
Performance
BA.L vs. USD=X - Performance Comparison
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Different Trading Currencies
BA.L is traded in GBp, while USD=X is traded in USD. To make them comparable, the USD=X values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, BA.L achieves a 12.71% return, which is significantly higher than USD=X's 0.22% return. Over the past 10 years, BA.L has outperformed USD=X with an annualized return of 18.87%, while USD=X has yielded a comparatively lower 0.67% annualized return.
BA.L
- 1D
- -1.62%
- 1M
- 3.27%
- YTD
- 12.71%
- 6M
- 13.60%
- 1Y
- 0.36%
- 3Y*
- 28.80%
- 5Y*
- 32.37%
- 10Y*
- 18.87%
USD=X
- 1D
- 0.00%
- 1M
- -0.90%
- YTD
- 0.22%
- 6M
- -0.63%
- 1Y
- 0.95%
- 3Y*
- -1.55%
- 5Y*
- 0.80%
- 10Y*
- 0.67%
BA.L vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BA.L BAE Systems plc | 12.71% | 52.12% | 5.88% | 33.31% | 60.92% | 17.57% | -9.28% | 28.43% | -16.75% | 0.30% |
USD=X USD Cash | 0.22% | -7.12% | 1.75% | -5.00% | 11.89% | 0.95% | -2.94% | -3.80% | 5.93% | -8.65% |
Correlation
The correlation between BA.L and USD=X is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 2007 | 0.01 |
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Return for Risk
BA.L vs. USD=X — Risk / Return Rank
BA.L
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BA.L vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BAE Systems plc (BA.L) and USD Cash (USD=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.
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.
| BA.L | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.02 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 0.14 | +0.01 |
| Martin ratioReturn relative to average drawdown | 0.33 | 0.31 | +0.01 |
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Drawdowns
BA.L vs. USD=X - Drawdown Comparison
The maximum BA.L drawdown since its inception was -43.67%, which is greater than USD=X's maximum drawdown of -22.85%. Use the drawdown chart below to compare losses from any high point for BA.L and USD=X.
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Drawdown Indicators
| BA.L | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.67% | -22.85% | -20.82% |
Max Drawdown (1Y)Largest decline over 1 year | -21.30% | -5.98% | -15.32% |
Max Drawdown (3Y)Largest decline over 3 years | -21.30% | -12.79% | -8.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.30% | -22.85% | +1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -37.80% | -22.85% | -14.95% |
Current DrawdownCurrent decline from peak | -17.12% | -20.53% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -12.74% | -11.09% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.84% | 2.97% | +6.87% |
Volatility
BA.L vs. USD=X - Volatility Comparison
BAE Systems plc (BA.L) has a higher volatility of 8.48% compared to USD Cash (USD=X) at 1.44%. This indicates that BA.L's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BA.L | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 1.44% | +7.04% |
Volatility (6M)Calculated over the trailing 6-month period | 23.43% | 5.22% | +18.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.85% | 5.74% | +24.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.82% | 7.12% | +18.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.07% | 7.90% | +17.17% |
Frequently Asked Questions
BA.L and USD=X have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BA.L and USD=X
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