DNN vs. AUD=X
Compare and contrast key facts about Denison Mines Corp. (DNN) and USD/AUD (AUD=X).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DNN or AUD=X.
Key characteristics
| DNN | AUD=X | |
|---|---|---|
| YTD Return | 15.25% | 4.26% |
| 1Y Return | 98.06% | 2.02% |
| 3Y Return (Ann) | 24.03% | 5.17% |
| 5Y Return (Ann) | 31.21% | 1.36% |
| 10Y Return (Ann) | 4.46% | 3.38% |
| Sharpe Ratio | 2.12 | 0.26 |
| Daily Std Dev | 46.33% | 8.65% |
| Max Drawdown | -98.06% | -56.54% |
| Current Drawdown | -80.19% | -26.64% |
Correlation
The correlation between DNN and AUD=X is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
DNN vs. AUD=X - Performance Comparison
In the year-to-date period, DNN achieves a 15.25% return, which is significantly higher than AUD=X's 4.26% return. Over the past 10 years, DNN has outperformed AUD=X with an annualized return of 4.46%, while AUD=X has yielded a comparatively lower 3.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
DNN vs. AUD=X - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Denison Mines Corp. (DNN) and USD/AUD (AUD=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
DNN vs. AUD=X - Drawdown Comparison
The maximum DNN drawdown since its inception was -98.06%, which is greater than AUD=X's maximum drawdown of -56.54%. Use the drawdown chart below to compare losses from any high point for DNN and AUD=X. For additional features, visit the drawdowns tool.
Volatility
DNN vs. AUD=X - Volatility Comparison
Denison Mines Corp. (DNN) has a higher volatility of 12.70% compared to USD/AUD (AUD=X) at 0.27%. This indicates that DNN's price experiences larger fluctuations and is considered to be riskier than AUD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.