CNYUSD=X vs. CNY=X
CNYUSD=X (CNY/USD) and CNY=X (USD/CNY) are both currencies. Over the past 10 years, CNYUSD=X returned -0.23%/yr vs -0.02%/yr for CNY=X. At a 0.20 correlation, their price movements are largely independent.
Performance
CNYUSD=X vs. CNY=X - Performance Comparison
Loading charts...
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 2.78% return, which is significantly higher than CNY=X's -0.21% return. Over the past 10 years, CNYUSD=X has underperformed CNY=X with an annualized return of -0.23%, while CNY=X has yielded a comparatively higher -0.02% annualized return.
CNYUSD=X
- 1D
- 0.10%
- 1M
- -0.26%
- YTD
- 2.78%
- 6M
- 2.97%
- 1Y
- 5.48%
- 3Y*
- 2.08%
- 5Y*
- -1.05%
- 10Y*
- -0.23%
CNY=X
- 1D
- -0.21%
- 1M
- -0.20%
- YTD
- -0.21%
- 6M
- -0.21%
- 1Y
- -0.21%
- 3Y*
- -0.07%
- 5Y*
- -0.04%
- 10Y*
- -0.02%
CNYUSD=X vs. CNY=X - Yearly Performance Comparison
Correlation
The correlation between CNYUSD=X and CNY=X is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2007 | 0.20 |
The correlation between CNYUSD=X and CNY=X shifts across timeframes, from 0.11 (10 years) to 0.22 (1 year), reflecting how their relationship changes across market environments.
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
CNYUSD=X vs. CNY=X — Risk / Return Rank
CNYUSD=X
CNY=X
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CNYUSD=X | CNY=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +3.71 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 0.94 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | -0.63 | +4.54 |
| Martin ratioReturn relative to average drawdown | 13.77 | -2.58 | +16.35 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| CNYUSD=X | CNY=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -1.50% | -16.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -0.27% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -1.35% | -3.12% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -1.35% | -12.74% |
Max Drawdown (10Y)Largest decline over 10 years | -14.70% | -1.35% | -13.35% |
Current DrawdownCurrent decline from peak | -11.21% | -1.35% | -9.86% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -0.80% | -6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 0.06% | +0.27% |
Volatility
CNYUSD=X vs. CNY=X - Volatility Comparison
CNY/USD (CNYUSD=X) has a higher volatility of 0.55% compared to USD/CNY (CNY=X) at 0.30%. 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.
Loading charts...
Volatility by Period
| CNYUSD=X | CNY=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 0.30% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 0.43% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 0.54% | +1.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 0.83% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 0.69% | +3.24% |
Frequently Asked Questions
CNYUSD=X and CNY=X have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNYUSD=X has higher volatility (0.55%) compared to CNY=X (0.30%). In terms of maximum drawdown, CNYUSD=X dropped -17.74% vs CNY=X's -1.50%.
CNYUSD=X currently has the higher Sharpe Ratio (2.08 vs -0.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CNYUSD=X and CNY=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