EUR=X vs. QQQ

In the year-to-date period, EUR=X achieves a 5.34% return, which is significantly lower than QQQ's 24.24% return. Over the past 10 years, EUR=X has underperformed QQQ with an annualized return of 1.65%, while QQQ has yielded a comparatively higher 17.93% annualized return.

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The correlation between EUR=X and QQQ is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

This table presents a comparison of risk-adjusted performance metrics for USD/EUR (EUR=X) and Invesco QQQ (QQQ). 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.

The current EUR=X Sharpe Ratio is 0.60, which is lower than the QQQ Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of EUR=X and QQQ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The maximum EUR=X drawdown since its inception was -48.28%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for EUR=X and QQQ. For additional features, visit the drawdowns tool.

The current volatility for USD/EUR (EUR=X) is 0.14%, while Invesco QQQ (QQQ) has a volatility of 5.19%. This indicates that EUR=X experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.