CAD=X vs. EUR=X

Last updated Apr 2, 2026

Compare and contrast key facts about USD/CAD (CAD=X) and USD/EUR (EUR=X).

Performance

CAD=X vs. EUR=X - Performance Comparison

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

CAD=X vs. EUR=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAD=X USD/CAD	1.27%	-4.59%	8.62%	-2.23%	7.13%	-0.90%	-1.69%	-4.92%	8.48%	-6.37%
EUR=X USD/EUR	1.47%	-4.61%	8.60%	-2.14%	6.93%	-0.75%	-1.81%	-4.66%	8.28%	-6.26%

Different Trading Currencies

CAD=X is traded in CAD, while EUR=X is traded in EUR. To make them comparable, the EUR=X values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CAD=X achieves a 1.27% return, which is significantly lower than EUR=X's 1.47% return. Over the past 10 years, CAD=X has underperformed EUR=X with an annualized return of 0.64%, while EUR=X has yielded a comparatively higher 0.68% annualized return.

CAD=X

• 1D: -0.14%
• 1M: 1.63%
• YTD: 1.27%
• 6M: -0.28%
• 1Y: -2.84%
• 3Y*: 0.96%
• 5Y*: 2.01%
• 10Y*: 0.64%

EUR=X

• 1D: 0.08%
• 1M: 1.78%
• YTD: 1.47%
• 6M: -0.29%
• 1Y: -2.35%
• 3Y*: 1.00%
• 5Y*: 2.05%
• 10Y*: 0.68%

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

Return for Risk

CAD=X vs. EUR=X — Risk / Return Rank

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

CAD=X

CAD=X Risk / Return Rank: 47
CAD=X Sharpe Ratio Rank: 35
CAD=X Sortino Ratio Rank: 35
CAD=X Omega Ratio Rank: 33
CAD=X Calmar Ratio Rank: 66
CAD=X Martin Ratio Rank: 66

EUR=X

EUR=X Risk / Return Rank: 26
EUR=X Sharpe Ratio Rank: 18
EUR=X Sortino Ratio Rank: 19
EUR=X Omega Ratio Rank: 18
EUR=X Calmar Ratio Rank: 37
EUR=X Martin Ratio Rank: 36

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.

CAD=X vs. EUR=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD/CAD (CAD=X) and USD/EUR (EUR=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.

	CAD=X	EUR=X	Difference
Sharpe ratio Return per unit of total volatility	-0.49	-0.45	-0.04
Sortino ratio Return per unit of downside risk	-0.61	-0.55	-0.05
Omega ratio Gain probability vs. loss probability	0.92	0.93	-0.01
Calmar ratio Return relative to maximum drawdown	0.37	0.42	-0.04
Martin ratio Return relative to average drawdown	0.89	1.00	-0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CAD=X vs. EUR=X - Sharpe Ratio Comparison

The current CAD=X Sharpe Ratio is -0.49, which is comparable to the EUR=X Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of CAD=X and EUR=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

	CAD=X	EUR=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.49	-0.45	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.30	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	0.10	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.08	-0.01

Correlation

The correlation between CAD=X and EUR=X is 0.95, 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

CAD=X vs. EUR=X - Drawdown Comparison

The maximum CAD=X drawdown since its inception was -23.90%, roughly equal to the maximum EUR=X drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for CAD=X and EUR=X.

Drawdown Indicators

	CAD=X	EUR=X	Difference
Max Drawdown Largest peak-to-trough decline	-23.90%	-20.32%	-3.58%
Max Drawdown (1Y) Largest decline over 1 year	-5.43%	-10.07%	+4.64%
Max Drawdown (5Y) Largest decline over 5 years	-8.31%	-20.32%	+12.01%
Max Drawdown (10Y) Largest decline over 10 years	-17.11%	-20.32%	+3.21%
Current Drawdown Current decline from peak	-5.55%	-17.06%	+11.51%
Average Drawdown Average peak-to-trough decline	-11.00%	-9.52%	-1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.87%	2.39%	-0.52%

Volatility

CAD=X vs. EUR=X - Volatility Comparison

USD/CAD (CAD=X) has a higher volatility of 0.93% compared to USD/EUR (EUR=X) at 0.84%. This indicates that CAD=X's price experiences larger fluctuations and is considered to be riskier than EUR=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CAD=X	EUR=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	0.84%	+0.09%
Volatility (6M) Calculated over the trailing 6-month period	3.20%	3.18%	+0.02%
Volatility (1Y) Calculated over the trailing 1-year period	4.73%	4.76%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.88%	6.08%	-0.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.52%	6.69%	-0.17%