EUR=X vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about USD/EUR (EUR=X) and S&P 500 Index (^GSPC).

Performance

EUR=X vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in USD/EUR (EUR=X) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

EUR=X vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUR=X USD/EUR	1.54%	-11.87%	6.60%	-3.00%	6.20%	7.48%	-8.24%	2.26%	4.69%	-12.29%
^GSPC S&P 500 Index	-2.47%	2.58%	31.45%	20.51%	-14.45%	36.38%	6.68%	31.79%	-1.84%	4.74%

Different Trading Currencies

EUR=X is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, EUR=X achieves a 1.54% return, which is significantly higher than ^GSPC's -2.47% return. Over the past 10 years, EUR=X has underperformed ^GSPC with an annualized return of -0.15%, while ^GSPC has yielded a comparatively higher 12.10% annualized return.

EUR=X

• 1D: -0.10%
• 1M: 1.05%
• YTD: 1.54%
• 6M: 1.42%
• 1Y: -6.69%
• 3Y*: -2.13%
• 5Y*: 0.33%
• 10Y*: -0.15%

^GSPC

• 1D: 0.00%
• 1M: -3.17%
• YTD: -2.47%
• 6M: -0.80%
• 1Y: 8.54%
• 3Y*: 14.53%
• 5Y*: 10.74%
• 10Y*: 12.10%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

EUR=X vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUR=X

EUR=X Risk / Return Rank: 26
EUR=X Sharpe Ratio Rank: 18
EUR=X Sortino Ratio Rank: 19
EUR=X Omega Ratio Rank: 18
EUR=X Calmar Ratio Rank: 37
EUR=X Martin Ratio Rank: 36

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUR=X vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD/EUR (EUR=X) and S&P 500 Index (^GSPC). 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.

	EUR=X	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.76	0.41	-1.18
Sortino ratio Return per unit of downside risk	-0.97	0.71	-1.67
Omega ratio Gain probability vs. loss probability	0.88	1.11	-0.24
Calmar ratio Return relative to maximum drawdown	-0.13	0.62	-0.75
Martin ratio Return relative to average drawdown	-0.29	2.56	-2.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EUR=X vs. ^GSPC - Sharpe Ratio Comparison

The current EUR=X Sharpe Ratio is -0.76, which is lower than the ^GSPC Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of EUR=X and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EUR=X	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.76	0.41	-1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.64	-0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	0.65	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.45	-0.37

Correlation

The correlation between EUR=X and ^GSPC is 0.28, 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.

Drawdowns

EUR=X vs. ^GSPC - Drawdown Comparison

The maximum EUR=X drawdown since its inception was -20.32%, smaller than the maximum ^GSPC drawdown of -53.11%. Use the drawdown chart below to compare losses from any high point for EUR=X and ^GSPC.

Drawdown Indicators

	EUR=X	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-20.32%	-56.78%	+36.46%
Max Drawdown (1Y) Largest decline over 1 year	-10.07%	-9.10%	-0.97%
Max Drawdown (5Y) Largest decline over 5 years	-20.32%	-25.43%	+5.11%
Max Drawdown (10Y) Largest decline over 10 years	-20.32%	-33.92%	+13.60%
Current Drawdown Current decline from peak	-17.06%	-5.67%	-11.39%
Average Drawdown Average peak-to-trough decline	-9.52%	-10.75%	+1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	2.62%	-0.23%

Volatility

EUR=X vs. ^GSPC - Volatility Comparison

The current volatility for USD/EUR (EUR=X) is 2.29%, while S&P 500 Index (^GSPC) has a volatility of 4.36%. This indicates that EUR=X experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUR=X	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.29%	4.36%	-2.07%
Volatility (6M) Calculated over the trailing 6-month period	4.09%	9.93%	-5.84%
Volatility (1Y) Calculated over the trailing 1-year period	7.10%	20.68%	-13.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.37%	16.80%	-9.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.25%	18.63%	-11.38%