EUR=X vs. BZ=F

Last updated Apr 4, 2026

Compare and contrast key facts about USD/EUR (EUR=X) and Crude Oil Brent (BZ=F).

Performance

EUR=X vs. BZ=F - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in USD/EUR (EUR=X) and Crude Oil Brent (BZ=F). The values are adjusted to include any dividend payments, if applicable.

EUR=X vs. BZ=F - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUR=X USD/EUR	1.97%	-11.87%	6.60%	-3.00%	6.20%	7.48%	-8.24%	2.26%	4.69%	-12.29%
BZ=F Crude Oil Brent	82.34%	-28.15%	3.28%	-13.01%	17.30%	61.39%	-27.98%	25.45%	-15.77%	3.22%

Different Trading Currencies

EUR=X is traded in EUR, while BZ=F is traded in USD. To make them comparable, the BZ=F 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 1.97% return, which is significantly lower than BZ=F's 82.34% return. Over the past 10 years, EUR=X has underperformed BZ=F with an annualized return of -0.12%, while BZ=F has yielded a comparatively higher 11.06% annualized return.

EUR=X

• 1D: 0.21%
• 1M: 1.01%
• YTD: 1.97%
• 6M: 1.95%
• 1Y: -4.07%
• 3Y*: -1.66%
• 5Y*: 0.42%
• 10Y*: -0.12%

BZ=F

• 1D: 8.22%
• 1M: 35.02%
• YTD: 82.34%
• 6M: 71.90%
• 1Y: 48.81%
• 3Y*: 6.63%
• 5Y*: 11.39%
• 10Y*: 11.06%

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

Return for Risk

EUR=X vs. BZ=F — 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: 40
EUR=X Sharpe Ratio Rank: 31
EUR=X Sortino Ratio Rank: 32
EUR=X Omega Ratio Rank: 31
EUR=X Calmar Ratio Rank: 53
EUR=X Martin Ratio Rank: 52

BZ=F

BZ=F Risk / Return Rank: 38
BZ=F Sharpe Ratio Rank: 24
BZ=F Sortino Ratio Rank: 25
BZ=F Omega Ratio Rank: 25
BZ=F Calmar Ratio Rank: 80
BZ=F Martin Ratio Rank: 38

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. BZ=F - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD/EUR (EUR=X) and Crude Oil Brent (BZ=F). 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	BZ=F	Difference
Sharpe ratio Return per unit of total volatility	-0.48	0.71	-1.19
Sortino ratio Return per unit of downside risk	-0.60	1.20	-1.79
Omega ratio Gain probability vs. loss probability	0.92	1.17	-0.25
Calmar ratio Return relative to maximum drawdown	0.05	2.53	-2.48
Martin ratio Return relative to average drawdown	0.12	4.37	-4.25
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. BZ=F - Sharpe Ratio Comparison

The current EUR=X Sharpe Ratio is -0.48, which is lower than the BZ=F Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of EUR=X and BZ=F, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EUR=X	BZ=F	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.48	0.71	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.30	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	0.27	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.08	0.00

Correlation

The correlation between EUR=X and BZ=F is 0.11, 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. BZ=F - Drawdown Comparison

The maximum EUR=X drawdown since its inception was -20.32%, smaller than the maximum BZ=F drawdown of -81.55%. Use the drawdown chart below to compare losses from any high point for EUR=X and BZ=F.

Drawdown Indicators

	EUR=X	BZ=F	Difference
Max Drawdown Largest peak-to-trough decline	-20.32%	-86.77%	+66.45%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	-23.58%	+14.20%
Max Drawdown (5Y) Largest decline over 5 years	-20.32%	-53.96%	+33.64%
Max Drawdown (10Y) Largest decline over 10 years	-20.32%	-77.60%	+57.28%
Current Drawdown Current decline from peak	-16.70%	-25.36%	+8.66%
Average Drawdown Average peak-to-trough decline	-9.52%	-41.03%	+31.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	13.39%	-11.00%

Volatility

EUR=X vs. BZ=F - Volatility Comparison

The current volatility for USD/EUR (EUR=X) is 2.11%, while Crude Oil Brent (BZ=F) has a volatility of 33.20%. This indicates that EUR=X experiences smaller price fluctuations and is considered to be less risky than BZ=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EUR=X	BZ=F	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.11%	33.20%	-31.09%
Volatility (6M) Calculated over the trailing 6-month period	4.09%	38.25%	-34.16%
Volatility (1Y) Calculated over the trailing 1-year period	7.10%	44.77%	-37.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.37%	36.67%	-29.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.25%	39.42%	-32.17%