CNYUSD=X vs. CNY=X

Last updated Apr 1, 2026

Compare and contrast key facts about CNY/USD (CNYUSD=X) and USD/CNY (CNY=X).

Performance

CNYUSD=X vs. CNY=X - Performance Comparison

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

CNYUSD=X vs. CNY=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CNYUSD=X CNY/USD	1.59%	4.38%	-2.76%	-2.80%	-7.92%	2.73%	6.69%	-1.24%	-5.34%	6.67%
CNY=X USD/CNY	-0.01%	0.00%	-0.00%	0.02%	-0.02%	0.01%	-0.01%	0.00%	0.03%	-0.04%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, CNYUSD=X achieves a 1.59% return, which is significantly higher than CNY=X's -0.01% return.

CNYUSD=X

• 1D: 0.41%
• 1M: -0.22%
• YTD: 1.59%
• 6M: 3.42%
• 1Y: 5.42%
• 3Y*: -0.08%
• 5Y*: -0.94%
• 10Y*: -0.60%

CNY=X

• 1D: -0.01%
• 1M: -0.05%
• YTD: -0.01%
• 6M: -0.01%
• 1Y: -0.01%
• 3Y*: -0.00%
• 5Y*: -0.00%
• 10Y*: 0.00%

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

Return for Risk

CNYUSD=X vs. CNY=X — Risk / Return Rank

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

CNYUSD=X

CNYUSD=X Risk / Return Rank: 98
CNYUSD=X Sharpe Ratio Rank: 96
CNYUSD=X Sortino Ratio Rank: 100
CNYUSD=X Omega Ratio Rank: 100
CNYUSD=X Calmar Ratio Rank: 96
CNYUSD=X Martin Ratio Rank: 100

CNY=X

CNY=X Risk / Return Rank: 2
CNY=X Sharpe Ratio Rank: 0
CNY=X Sortino Ratio Rank: 0
CNY=X Omega Ratio Rank: 0
CNY=X Calmar Ratio Rank: 7
CNY=X Martin Ratio Rank: 3

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.

CNYUSD=X vs. CNY=X - Risk-Adjusted Trends Comparison

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

	CNYUSD=X	CNY=X	Difference
Sharpe ratio Return per unit of total volatility	1.68	-0.00	+1.69
Sortino ratio Return per unit of downside risk	2.75	0.01	+2.74
Omega ratio Gain probability vs. loss probability	1.39	1.00	+0.38
Calmar ratio Return relative to maximum drawdown	4.00	-0.06	+4.06
Martin ratio Return relative to average drawdown	13.78	-0.21	+13.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNYUSD=X vs. CNY=X - Sharpe Ratio Comparison

The current CNYUSD=X Sharpe Ratio is 1.68, which is higher than the CNY=X Sharpe Ratio of -0.00. The chart below compares the historical Sharpe Ratios of CNYUSD=X and CNY=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

	CNYUSD=X	CNY=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	-0.00	+1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	-0.00	-0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.14	0.00	-0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.18	-0.01	+0.19

Correlation

The correlation between CNYUSD=X and CNY=X is 0.21, 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.

Drawdowns

CNYUSD=X vs. CNY=X - Drawdown Comparison

The maximum CNYUSD=X drawdown since its inception was -17.74%, which is greater than CNY=X's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for CNYUSD=X and CNY=X.

Drawdown Indicators

	CNYUSD=X	CNY=X	Difference
Max Drawdown Largest peak-to-trough decline	-17.74%	-21.90%	+4.16%
Max Drawdown (1Y) Largest decline over 1 year	-1.12%	-6.93%	+5.81%
Max Drawdown (5Y) Largest decline over 5 years	-14.09%	-8.23%	-5.86%
Max Drawdown (10Y) Largest decline over 10 years	-14.70%	-12.12%	-2.58%
Current Drawdown Current decline from peak	-12.25%	-11.01%	-1.24%
Average Drawdown Average peak-to-trough decline	-6.77%	-13.01%	+6.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.33%	2.48%	-2.15%

Volatility

CNYUSD=X vs. CNY=X - Volatility Comparison

CNY/USD (CNYUSD=X) has a higher volatility of 1.15% compared to USD/CNY (CNY=X) at 0.14%. This indicates that CNYUSD=X's price experiences larger fluctuations and is considered to be riskier than CNY=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CNYUSD=X	CNY=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	0.14%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	1.58%	0.33%	+1.25%
Volatility (1Y) Calculated over the trailing 1-year period	2.57%	1.56%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.96%	0.82%	+3.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.95%	0.68%	+3.27%