EUR=X vs. GSG
EUR=X (USD/EUR) is a currency, while GSG (iShares S&P GSCI Commodity-Indexed Trust) is Commodities fund tracking the S&P GSCI Total Return Index. Over the past 10 years, EUR=X returned -0.40%/yr vs 7.56%/yr for GSG. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
EUR=X vs. GSG - Performance Comparison
Loading charts...
Different Trading Currencies
EUR=X is traded in EUR, while GSG is traded in USD. To make them comparable, the GSG 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 GSG's 34.50% return. Over the past 10 years, EUR=X has underperformed GSG with an annualized return of -0.40%, while GSG has yielded a comparatively higher 7.56% 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%
GSG
- 1D
- -2.51%
- 1M
- 6.42%
- 6M
- 24.51%
- YTD
- 34.50%
- 1Y
- 36.50%
- 3Y*
- 10.65%
- 5Y*
- 14.51%
- 10Y*
- 7.56%
- ALL TIME*
- -1.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
EUR=X USD/EUR | €50.81K | €37.65K | €38.82K |
| €16.43M | €14.66M | €21.86M |
EUR=X vs. GSG - 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% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 34.50% | -6.64% | 15.69% | -8.34% | 31.77% | 49.15% | -30.21% | 18.23% | -9.84% | -8.87% |
Correlation
The correlation between EUR=X and GSG is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2007 | 0.16 |
The correlation between EUR=X and GSG shifts across timeframes, from 0.16 (all time) to 0.28 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
EUR=X vs. GSG — Risk / Return Rank
EUR=X
GSG
EUR=X vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/EUR (EUR=X) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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 | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.25 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.06 | 2.13 | -2.08 |
| Martin ratioReturn relative to average drawdown | 0.15 | 6.45 | -6.30 |
Loading charts...
Drawdowns
EUR=X vs. GSG - Drawdown Comparison
The maximum EUR=X drawdown since its inception was -20.32%, smaller than the maximum GSG drawdown of -84.93%. Use the drawdown chart below to compare losses from any high point for EUR=X and GSG.
Loading charts...
Drawdown Indicators
| EUR=X | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.32% | -84.93% | +64.61% |
Max Drawdown (1Y)Largest decline over 1 year | -4.65% | -17.18% | +12.53% |
Max Drawdown (3Y)Largest decline over 3 years | -15.23% | -19.17% | +3.94% |
Max Drawdown (5Y)Largest decline over 5 years | -20.32% | -31.76% | +11.44% |
Max Drawdown (10Y)Largest decline over 10 years | -20.32% | -55.04% | +34.72% |
Current DrawdownCurrent decline from peak | -16.80% | -45.72% | +28.92% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -58.52% | +49.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 5.68% | -3.90% |
Volatility
EUR=X vs. GSG - Volatility Comparison
The current volatility for USD/EUR (EUR=X) is 1.22%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 9.14%. This indicates that EUR=X experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUR=X | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 9.14% | -7.92% |
Volatility (6M)Calculated over the trailing 6-month period | 3.63% | 23.49% | -19.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.34% | 25.93% | -20.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.30% | 23.81% | -16.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 23.01% | -15.91% |
Frequently Asked Questions
EUR=X and GSG have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (9.14%) compared to EUR=X (1.22%). In terms of maximum drawdown, EUR=X dropped -20.32% vs GSG's -84.93%.
GSG currently has the higher Sharpe Ratio (1.41 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.
Find the right allocation for EUR=X and GSG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer