CNYUSD=X vs. VOO
CNYUSD=X (CNY/USD) is a currency, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, CNYUSD=X returned -0.23%/yr vs 15.82%/yr for VOO. At a 0.09 correlation, their price movements are largely independent.
Performance
CNYUSD=X vs. VOO - 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 lower than VOO's 8.09% return. Over the past 10 years, CNYUSD=X has underperformed VOO with an annualized return of -0.23%, while VOO has yielded a comparatively higher 15.82% 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%
VOO
- 1D
- 0.00%
- 1M
- -2.07%
- YTD
- 8.09%
- 6M
- 6.78%
- 1Y
- 22.17%
- 3Y*
- 20.91%
- 5Y*
- 13.02%
- 10Y*
- 15.82%
CNYUSD=X vs. VOO - 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% |
VOO Vanguard S&P 500 ETF | 8.09% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between CNYUSD=X and VOO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.09 |
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Return for Risk
CNYUSD=X vs. VOO — Risk / Return Rank
CNYUSD=X
VOO
CNYUSD=X vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CNY/USD (CNYUSD=X) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.33 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.91 | 2.50 | +1.41 |
| Martin ratioReturn relative to average drawdown | 13.77 | 11.08 | +2.69 |
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Drawdowns
CNYUSD=X vs. VOO - Drawdown Comparison
The maximum CNYUSD=X drawdown since its inception was -17.74%, smaller than the maximum VOO drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CNYUSD=X and VOO.
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Drawdown Indicators
| CNYUSD=X | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.74% | -33.99% | +16.25% |
Max Drawdown (1Y)Largest decline over 1 year | -1.12% | -8.90% | +7.78% |
Max Drawdown (3Y)Largest decline over 3 years | -4.47% | -18.69% | +14.22% |
Max Drawdown (5Y)Largest decline over 5 years | -14.09% | -24.52% | +10.43% |
Max Drawdown (10Y)Largest decline over 10 years | -14.70% | -33.99% | +19.29% |
Current DrawdownCurrent decline from peak | -11.21% | -3.23% | -7.98% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -3.68% | -3.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.33% | 2.01% | -1.68% |
Volatility
CNYUSD=X vs. VOO - Volatility Comparison
The current volatility for CNY/USD (CNYUSD=X) is 0.55%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.75%. This indicates that CNYUSD=X experiences smaller price fluctuations and is considered to be less risky than VOO 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 | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.55% | 4.75% | -4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 9.77% | -7.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.11% | 12.39% | -10.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.92% | 16.91% | -12.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.93% | 18.02% | -14.09% |
Frequently Asked Questions
CNYUSD=X and VOO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VOO has higher volatility (4.75%) compared to CNYUSD=X (0.55%). In terms of maximum drawdown, CNYUSD=X dropped -17.74% vs VOO's -33.99%.
CNYUSD=X currently has the higher Sharpe Ratio (2.08 vs 1.80), 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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