CNYUSD=X vs. GOLDX
CNYUSD=X (CNY/USD) is a currency, while GOLDX (Gabelli Gold Fund) is Gold fund actively managed by Gabelli. Over the past 10 years, CNYUSD=X returned -0.23%/yr vs 11.95%/yr for GOLDX. At a 0.17 correlation, their price movements are largely independent.
Performance
CNYUSD=X vs. GOLDX - Performance Comparison
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Returns By Period
In the year-to-date period, CNYUSD=X achieves a 2.78% return, which is significantly higher than GOLDX's -13.14% return. Over the past 10 years, CNYUSD=X has underperformed GOLDX with an annualized return of -0.23%, while GOLDX has yielded a comparatively higher 11.95% 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%
GOLDX
- 1D
- -4.25%
- 1M
- -15.65%
- YTD
- -13.14%
- 6M
- -16.94%
- 1Y
- 48.95%
- 3Y*
- 41.21%
- 5Y*
- 19.44%
- 10Y*
- 11.95%
CNYUSD=X vs. GOLDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNYUSD=X CNY/USD | 2.78% | 4.38% | -2.76% | -2.80% | -7.92% | 2.73% | 6.69% | -1.24% | -5.34% | 6.67% |
GOLDX Gabelli Gold Fund | -13.14% | 165.59% | 14.92% | 7.85% | -11.02% | -8.97% | 26.30% | 43.94% | -14.80% | 6.22% |
Correlation
The correlation between CNYUSD=X and GOLDX is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2007 | 0.17 |
The correlation between CNYUSD=X and GOLDX shifts across timeframes, from 0.15 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
CNYUSD=X vs. GOLDX — Risk / Return Rank
CNYUSD=X
GOLDX
CNYUSD=X vs. GOLDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CNY/USD (CNYUSD=X) and Gabelli Gold Fund (GOLDX). 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 | GOLDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.21 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 1.32 | +2.59 |
| Martin ratioReturn relative to average drawdown | 13.77 | 3.53 | +10.24 |
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Drawdowns
CNYUSD=X vs. GOLDX - Drawdown Comparison
The maximum CNYUSD=X drawdown since its inception was -17.74%, smaller than the maximum GOLDX drawdown of -73.40%. Use the drawdown chart below to compare losses from any high point for CNYUSD=X and GOLDX.
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Drawdown Indicators
| CNYUSD=X | GOLDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -73.40% | +55.66% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -37.54% | +36.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -37.54% | +33.07% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -44.73% | +30.64% |
Max Drawdown (10Y)Largest decline over 10 years | -14.70% | -49.42% | +34.72% |
Current DrawdownCurrent decline from peak | -11.21% | -36.34% | +25.13% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -34.49% | +27.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 14.01% | -13.68% |
Volatility
CNYUSD=X vs. GOLDX - Volatility Comparison
The current volatility for CNY/USD (CNYUSD=X) is 0.55%, while Gabelli Gold Fund (GOLDX) has a volatility of 18.00%. This indicates that CNYUSD=X experiences smaller price fluctuations and is considered to be less risky than GOLDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYUSD=X | GOLDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 18.00% | -17.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 38.68% | -36.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 45.10% | -42.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 33.21% | -29.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 32.42% | -28.49% |
Frequently Asked Questions
CNYUSD=X and GOLDX have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOLDX has higher volatility (18.00%) compared to CNYUSD=X (0.55%). In terms of maximum drawdown, CNYUSD=X dropped -17.74% vs GOLDX's -73.40%.
CNYUSD=X currently has the higher Sharpe Ratio (2.08 vs 1.10), 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.
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