CADUSD=X vs. USD=X
Compare and contrast key facts about CAD/USD (CADUSD=X) and USD Cash (USD=X).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CADUSD=X or USD=X.
Correlation
The correlation between CADUSD=X and USD=X is 0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
CADUSD=X vs. USD=X - Performance Comparison
Key characteristics
CADUSD=X:
3.69%
USD=X:
0.00%
CADUSD=X:
5.00%
USD=X:
0.00%
CADUSD=X:
-37.49%
USD=X:
0.00%
CADUSD=X:
-35.00%
USD=X:
0.00%
Returns By Period
CADUSD=X
1.45%
1.03%
-3.96%
-4.74%
-1.28%
-1.13%
USD=X
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
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Risk-Adjusted Performance
CADUSD=X vs. USD=X — Risk-Adjusted Performance Rank
CADUSD=X
USD=X
CADUSD=X vs. USD=X - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CAD/USD (CADUSD=X) 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.
Drawdowns
CADUSD=X vs. USD=X - Drawdown Comparison
The maximum CADUSD=X drawdown since its inception was -37.49%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CADUSD=X and USD=X. For additional features, visit the drawdowns tool.
Volatility
CADUSD=X vs. USD=X - Volatility Comparison
CAD/USD (CADUSD=X) has a higher volatility of 2.98% compared to USD Cash (USD=X) at 0.00%. This indicates that CADUSD=X'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.