CNYUSD=X vs. CNY=X
Compare and contrast key facts about CNY/USD (CNYUSD=X) and USD/CNY (CNY=X).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNYUSD=X or CNY=X.
Correlation
The correlation between CNYUSD=X and CNY=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
CNYUSD=X vs. CNY=X - Performance Comparison
Key characteristics
CNYUSD=X:
-0.48
CNY=X:
0.50
CNYUSD=X:
-0.68
CNY=X:
0.71
CNYUSD=X:
0.91
CNY=X:
1.11
CNYUSD=X:
-0.09
CNY=X:
0.08
CNYUSD=X:
-0.74
CNY=X:
1.17
CNYUSD=X:
2.05%
CNY=X:
1.32%
CNYUSD=X:
3.10%
CNY=X:
3.03%
CNYUSD=X:
-17.70%
CNY=X:
-30.66%
CNYUSD=X:
-17.34%
CNY=X:
-16.12%
Returns By Period
In the year-to-date period, CNYUSD=X achieves a -0.15% return, which is significantly lower than CNY=X's 0.13% return. Over the past 10 years, CNYUSD=X has underperformed CNY=X with an annualized return of -1.52%, while CNY=X has yielded a comparatively higher 1.54% annualized return.
CNYUSD=X
-0.15%
0.29%
-2.36%
-1.58%
-0.87%
-1.52%
CNY=X
0.13%
-0.32%
2.38%
1.60%
0.87%
1.54%
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Risk-Adjusted Performance
CNYUSD=X vs. CNY=X — Risk-Adjusted Performance Rank
CNYUSD=X
CNY=X
CNYUSD=X vs. CNY=X - Risk-Adjusted Performance 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.
Drawdowns
CNYUSD=X vs. CNY=X - Drawdown Comparison
The maximum CNYUSD=X drawdown since its inception was -17.70%, smaller than the maximum CNY=X drawdown of -30.66%. Use the drawdown chart below to compare losses from any high point for CNYUSD=X and CNY=X. For additional features, visit the drawdowns tool.
Volatility
CNYUSD=X vs. CNY=X - Volatility Comparison
CNY/USD (CNYUSD=X) has a higher volatility of 0.94% compared to USD/CNY (CNY=X) at 0.09%. 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.