EUR=X vs. GBP=X
EUR=X (USD/EUR) and GBP=X (USD/GBP) are both currencies. Over the past 10 years, EUR=X returned -0.40%/yr vs -0.39%/yr for GBP=X. Their 0.98 correlation means they have historically moved very closely together.
Performance
EUR=X vs. GBP=X - Performance Comparison
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Different Trading Currencies
EUR=X is traded in EUR, while GBP=X is traded in GBP. To make them comparable, the GBP=X 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 1.86% return, which is significantly lower than GBP=X's 1.99% return. Both investments have delivered pretty close results over the past 10 years, with EUR=X having a -0.40% annualized return and GBP=X not far ahead at -0.39%.
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%
GBP=X
- 1D
- -0.17%
- 1M
- -0.77%
- 6M
- 2.49%
- YTD
- 1.99%
- 1Y
- 0.32%
- 3Y*
- -1.51%
- 5Y*
- 0.52%
- 10Y*
- -0.39%
- ALL TIME*
- 1.25%
Liquidity Comparison
EUR=X vs. GBP=X - Yearly Performance Comparison
Correlation
The correlation between EUR=X and GBP=X is 0.97 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.97 |
Correlation (3Y) Balances recent behavior with more history. | 0.97 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.98 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2007 | 0.98 |
The correlation between EUR=X and GBP=X has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
EUR=X vs. GBP=X — Risk / Return Rank
EUR=X
GBP=X
EUR=X vs. GBP=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/EUR (EUR=X) and USD/GBP (GBP=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.
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 | GBP=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.01 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 0.05 | 0.00 |
| Martin ratioReturn relative to average drawdown | 0.15 | 0.15 | 0.00 |
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Drawdowns
EUR=X vs. GBP=X - Drawdown Comparison
The maximum EUR=X drawdown since its inception was -20.32%, roughly equal to the maximum GBP=X drawdown of -20.35%. Use the drawdown chart below to compare losses from any high point for EUR=X and GBP=X.
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Drawdown Indicators
| EUR=X | GBP=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.32% | -20.35% | +0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -4.65% | -4.69% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -15.23% | -14.94% | -0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -20.32% | -20.35% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -20.32% | -20.35% | +0.03% |
Current DrawdownCurrent decline from peak | -16.80% | -16.80% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -9.47% | -0.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.83% | -0.05% |
Volatility
EUR=X vs. GBP=X - Volatility Comparison
USD/EUR (EUR=X) and USD/GBP (GBP=X) have volatilities of 1.22% and 1.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUR=X | GBP=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.21% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 3.65% | -0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.34% | 5.41% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.30% | 7.40% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 7.18% | -0.08% |
Frequently Asked Questions
With a correlation of 0.97, EUR=X and GBP=X move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
EUR=X has higher volatility (1.22%) compared to GBP=X (1.21%). In terms of maximum drawdown, EUR=X dropped -20.32% vs GBP=X's -20.35%.
EUR=X currently has the higher Sharpe Ratio (0.05 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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