EUR=X vs. ^STOXX
EUR=X (USD/EUR) is a currency, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, EUR=X returned -0.40%/yr vs 6.69%/yr for ^STOXX. Their -0.05 correlation means they have often moved in opposite directions in the past.
Performance
EUR=X vs. ^STOXX - Performance Comparison
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Returns By Period
In the year-to-date period, EUR=X achieves a 1.86% return, which is significantly lower than ^STOXX's 10.01% return. Over the past 10 years, EUR=X has underperformed ^STOXX with an annualized return of -0.40%, while ^STOXX has yielded a comparatively higher 6.69% annualized return.
EUR=X
- 1D
- -0.17%
- 1M
- -0.85%
- 6M
- 2.47%
- YTD
- 1.86%
- 1Y
- 0.32%
- 3Y*
- -1.53%
- 5Y*
- 0.52%
- 10Y*
- -0.40%
- ALL TIME*
- 1.25%
^STOXX
- 1D
- 0.45%
- 1M
- -0.10%
- 6M
- 5.53%
- YTD
- 10.01%
- 1Y
- 20.62%
- 3Y*
- 12.39%
- 5Y*
- 6.85%
- 10Y*
- 6.69%
- ALL TIME*
- 4.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
^STOXX STOXX Europe 600 Index | €122.78B | €110.73B | €122.82B |
EUR=X USD/EUR | €50.81K | €37.65K | €38.82K |
EUR=X vs. ^STOXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUR=X USD/EUR | 1.86% | -11.87% | 6.60% | -3.00% | 6.20% | 7.48% | -8.24% | 2.26% | 4.69% | -12.29% |
^STOXX STOXX Europe 600 Index | 10.01% | 17.42% | 5.39% | 12.74% | -13.06% | 22.10% | -3.83% | 23.78% | -13.61% | 7.68% |
Correlation
The correlation between EUR=X and ^STOXX is -0.21, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.21 |
Correlation (3Y) Balances recent behavior with more history. | -0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2007 | -0.05 |
The correlation between EUR=X and ^STOXX shifts across timeframes, from -0.21 (1 year) to -0.04 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
EUR=X vs. ^STOXX — Risk / Return Rank
EUR=X
^STOXX
EUR=X vs. ^STOXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/EUR (EUR=X) and STOXX Europe 600 Index (^STOXX). 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.
| EUR=X | ^STOXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.30 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 2.05 | -1.99 |
| Martin ratioReturn relative to average drawdown | 0.15 | 7.46 | -7.31 |
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Drawdowns
EUR=X vs. ^STOXX - Drawdown Comparison
The maximum EUR=X drawdown since its inception was -20.32%, smaller than the maximum ^STOXX drawdown of -60.54%. Use the drawdown chart below to compare losses from any high point for EUR=X and ^STOXX.
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Drawdown Indicators
| EUR=X | ^STOXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.32% | -60.54% | +40.22% |
Max Drawdown (1Y)Largest decline over 1 year | -4.65% | -9.56% | +4.91% |
Max Drawdown (3Y)Largest decline over 3 years | -15.23% | -16.56% | +1.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.32% | -22.55% | +2.23% |
Max Drawdown (10Y)Largest decline over 10 years | -20.32% | -35.55% | +15.23% |
Current DrawdownCurrent decline from peak | -16.80% | -0.10% | -16.70% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -14.52% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.62% | -0.84% |
Volatility
EUR=X vs. ^STOXX - Volatility Comparison
The current volatility for USD/EUR (EUR=X) is 1.22%, while STOXX Europe 600 Index (^STOXX) has a volatility of 2.86%. This indicates that EUR=X experiences smaller price fluctuations and is considered to be less risky than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUR=X | ^STOXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 2.86% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 10.40% | -6.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.34% | 12.33% | -6.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.30% | 14.14% | -6.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 15.12% | -8.02% |
Frequently Asked Questions
EUR=X and ^STOXX have a correlation of -0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^STOXX has higher volatility (2.86%) compared to EUR=X (1.22%). In terms of maximum drawdown, EUR=X dropped -20.32% vs ^STOXX's -60.54%.
^STOXX currently has the higher Sharpe Ratio (1.59 vs 0.05), 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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