CADUSD=X vs. SEKUSD=X
CADUSD=X (CAD/USD) and SEKUSD=X (SEK/USD) are both currencies. Over the past 10 years, CADUSD=X returned -1.02%/yr vs -1.36%/yr for SEKUSD=X. At a 0.14 correlation, their price movements are largely independent.
Performance
CADUSD=X vs. SEKUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, CADUSD=X achieves a -3.64% return, which is significantly higher than SEKUSD=X's -5.11% return. Over the past 10 years, CADUSD=X has outperformed SEKUSD=X with an annualized return of -1.02%, while SEKUSD=X has yielded a comparatively lower -1.36% annualized return.
CADUSD=X
- 1D
- -0.37%
- 1M
- -3.06%
- YTD
- -3.64%
- 6M
- -3.26%
- 1Y
- -3.32%
- 3Y*
- -2.56%
- 5Y*
- -2.81%
- 10Y*
- -1.02%
SEKUSD=X
- 1D
- -0.90%
- 1M
- -4.54%
- YTD
- -5.11%
- 6M
- -5.55%
- 1Y
- -1.09%
- 3Y*
- 3.39%
- 5Y*
- -2.68%
- 10Y*
- -1.36%
CADUSD=X vs. SEKUSD=X - Yearly Performance Comparison
Correlation
The correlation between CADUSD=X and SEKUSD=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 | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2007 | 0.14 |
The correlation between CADUSD=X and SEKUSD=X shifts across timeframes, from 0.03 (10 years) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CADUSD=X vs. SEKUSD=X — Risk / Return Rank
CADUSD=X
SEKUSD=X
CADUSD=X vs. SEKUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CAD/USD (CADUSD=X) and SEK/USD (SEKUSD=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.
| CADUSD=X | SEKUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.03 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.99 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | -0.09 | -0.56 |
| Martin ratioReturn relative to average drawdown | -1.52 | -0.24 | -1.29 |
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Drawdowns
CADUSD=X vs. SEKUSD=X - Drawdown Comparison
The maximum CADUSD=X drawdown since its inception was -37.58%, smaller than the maximum SEKUSD=X drawdown of -48.80%. Use the drawdown chart below to compare losses from any high point for CADUSD=X and SEKUSD=X.
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Drawdown Indicators
| CADUSD=X | SEKUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.58% | -48.80% | +11.22% |
Max Drawdown (1Y)Largest decline over 1 year | -5.06% | -9.62% | +4.56% |
Max Drawdown (3Y)Largest decline over 3 years | -10.90% | -11.68% | +0.78% |
Max Drawdown (5Y)Largest decline over 5 years | -16.48% | -25.40% | +8.92% |
Max Drawdown (10Y)Largest decline over 10 years | -18.20% | -31.10% | +12.90% |
Current DrawdownCurrent decline from peak | -35.35% | -39.92% | +4.57% |
Average DrawdownAverage peak-to-trough decline | -19.68% | -27.91% | +8.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 4.08% | -1.88% |
Volatility
CADUSD=X vs. SEKUSD=X - Volatility Comparison
The current volatility for CAD/USD (CADUSD=X) is 1.07%, while SEK/USD (SEKUSD=X) has a volatility of 3.07%. This indicates that CADUSD=X experiences smaller price fluctuations and is considered to be less risky than SEKUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CADUSD=X | SEKUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 3.07% | -2.00% |
Volatility (6M)Calculated over the trailing 6-month period | 3.23% | 7.17% | -3.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 9.10% | -4.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.16% | 10.92% | -4.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.70% | 10.13% | -3.43% |
Frequently Asked Questions
CADUSD=X and SEKUSD=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.
SEKUSD=X has higher volatility (3.07%) compared to CADUSD=X (1.07%). In terms of maximum drawdown, CADUSD=X dropped -37.58% vs SEKUSD=X's -48.80%.
SEKUSD=X currently has the higher Sharpe Ratio (-0.10 vs -0.76), 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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