CARL-B.CO vs. USD=X
CARL-B.CO (Carlsberg A/S) is a stock, while USD=X (USD Cash) is a currency. Over the past 10 years, CARL-B.CO returned 5.14%/yr vs -0.06%/yr for USD=X. At a correlation of -0.02, they often move in opposite directions.
Performance
CARL-B.CO vs. USD=X - Performance Comparison
Loading charts...
Different Trading Currencies
CARL-B.CO is traded in DKK, while USD=X is traded in USD. To make them comparable, the USD=X values have been converted to DKK using the latest available exchange rates.
Returns By Period
In the year-to-date period, CARL-B.CO achieves a 1.13% return, which is significantly lower than USD=X's 2.00% return. Over the past 10 years, CARL-B.CO has outperformed USD=X with an annualized return of 5.14%, while USD=X has yielded a comparatively lower -0.06% annualized return.
CARL-B.CO
- 1D
- -1.54%
- 1M
- -6.54%
- YTD
- 1.13%
- 6M
- 3.56%
- 1Y
- -11.54%
- 3Y*
- -5.04%
- 5Y*
- -3.03%
- 10Y*
- 5.14%
USD=X
- 1D
- 0.00%
- 1M
- 1.98%
- YTD
- 2.00%
- 6M
- 1.12%
- 1Y
- -0.49%
- 3Y*
- -2.34%
- 5Y*
- 1.23%
- 10Y*
- -0.06%
CARL-B.CO vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CARL-B.CO Carlsberg A/S | 1.13% | 24.73% | -16.11% | -5.74% | -15.78% | 18.41% | 1.01% | 46.68% | -4.93% | 24.15% |
USD=X USD Cash | 2.00% | -11.71% | 6.65% | -2.75% | 6.24% | 7.33% | -8.60% | 2.34% | 4.95% | -12.20% |
Correlation
The correlation between CARL-B.CO and USD=X is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007 | -0.02 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CARL-B.CO vs. USD=X — Risk / Return Rank
CARL-B.CO
USD=X
CARL-B.CO vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Carlsberg A/S (CARL-B.CO) 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.
| CARL-B.CO | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.98 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.55 | -0.17 | -0.38 |
| Martin ratioReturn relative to average drawdown | -0.87 | -0.38 | -0.49 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CARL-B.CO | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.52 | -0.14 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.16 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | -0.01 | +0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.10 | +0.11 |
Drawdowns
CARL-B.CO vs. USD=X - Drawdown Comparison
The maximum CARL-B.CO drawdown since its inception was -75.46%, which is greater than USD=X's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for CARL-B.CO and USD=X.
Loading charts...
Drawdown Indicators
| CARL-B.CO | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.46% | -20.00% | -55.46% |
Max Drawdown (1Y)Largest decline over 1 year | -21.24% | -5.25% | -15.99% |
Max Drawdown (3Y)Largest decline over 3 years | -36.63% | -15.01% | -21.62% |
Max Drawdown (5Y)Largest decline over 5 years | -39.46% | -20.00% | -19.46% |
Max Drawdown (10Y)Largest decline over 10 years | -39.46% | -20.00% | -19.46% |
Current DrawdownCurrent decline from peak | -21.50% | -16.33% | -5.17% |
Average DrawdownAverage peak-to-trough decline | -18.77% | -9.34% | -9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.39% | 1.92% | +12.47% |
Volatility
CARL-B.CO vs. USD=X - Volatility Comparison
Carlsberg A/S (CARL-B.CO) has a higher volatility of 7.96% compared to USD Cash (USD=X) at 1.40%. This indicates that CARL-B.CO'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.
Loading charts...
Volatility by Period
| CARL-B.CO | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.96% | 1.40% | +6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 17.71% | 4.65% | +13.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.70% | 5.47% | +17.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.03% | 6.43% | +16.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.93% | 6.12% | +15.81% |
Frequently Asked Questions
CARL-B.CO and USD=X have a correlation of -0.04, 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 CARL-B.CO and USD=X
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer