CNY=X vs. CNYUSD=X
Compare and contrast key facts about USD/CNY (CNY=X) and CNY/USD (CNYUSD=X).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNY=X or CNYUSD=X.
Correlation
The correlation between CNY=X and CNYUSD=X is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
CNY=X vs. CNYUSD=X - Performance Comparison
Key characteristics
CNY=X:
0.28
CNYUSD=X:
-0.25
CNY=X:
0.41
CNYUSD=X:
-0.34
CNY=X:
1.07
CNYUSD=X:
0.95
CNY=X:
0.05
CNYUSD=X:
-0.05
CNY=X:
0.68
CNYUSD=X:
-0.38
CNY=X:
1.32%
CNYUSD=X:
2.07%
CNY=X:
3.08%
CNYUSD=X:
3.15%
CNY=X:
-30.66%
CNYUSD=X:
-17.70%
CNY=X:
-16.76%
CNYUSD=X:
-16.74%
Returns By Period
In the year-to-date period, CNY=X achieves a -0.64% return, which is significantly lower than CNYUSD=X's 0.58% return. Over the past 10 years, CNY=X has outperformed CNYUSD=X with an annualized return of 1.44%, while CNYUSD=X has yielded a comparatively lower -1.43% annualized return.
CNY=X
-0.64%
-1.06%
1.23%
0.83%
0.72%
1.44%
CNYUSD=X
0.58%
1.03%
-1.29%
-0.86%
-0.73%
-1.43%
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Risk-Adjusted Performance
CNY=X vs. CNYUSD=X — Risk-Adjusted Performance Rank
CNY=X
CNYUSD=X
CNY=X vs. CNYUSD=X - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/CNY (CNY=X) and CNY/USD (CNYUSD=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
CNY=X vs. CNYUSD=X - Drawdown Comparison
The maximum CNY=X drawdown since its inception was -30.66%, which is greater than CNYUSD=X's maximum drawdown of -17.70%. Use the drawdown chart below to compare losses from any high point for CNY=X and CNYUSD=X. For additional features, visit the drawdowns tool.
Volatility
CNY=X vs. CNYUSD=X - Volatility Comparison
The current volatility for USD/CNY (CNY=X) is 0.12%, while CNY/USD (CNYUSD=X) has a volatility of 1.06%. This indicates that CNY=X experiences smaller price fluctuations and is considered to be less risky than CNYUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.