EUR=X vs. USD=X
EUR=X (USD/EUR) and USD=X (USD Cash) are both currencies. Over the past 10 years, EUR=X returned -0.39%/yr vs -0.35%/yr for USD=X. With a 1.00 correlation, they move nearly in lockstep.
Performance
EUR=X vs. USD=X - Performance Comparison
Loading charts...
Different Trading Currencies
EUR=X is traded in EUR, while USD=X is traded in USD. To make them comparable, the USD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with EUR=X at 2.40% and USD=X at 2.40%. Over the past 10 years, EUR=X has underperformed USD=X with an annualized return of -0.39%, while USD=X has yielded a comparatively higher -0.35% annualized return.
EUR=X
- 1D
- -0.47%
- 1M
- 1.03%
- 6M
- 1.51%
- YTD
- 2.40%
- 1Y
- 1.12%
- 3Y*
- -0.72%
- 5Y*
- 0.58%
- 10Y*
- -0.39%
USD=X
- 1D
- 0.00%
- 1M
- 1.03%
- 6M
- 1.51%
- YTD
- 2.40%
- 1Y
- 1.12%
- 3Y*
- -0.69%
- 5Y*
- 0.58%
- 10Y*
- -0.35%
EUR=X vs. USD=X - Yearly Performance Comparison
Correlation
The correlation between EUR=X and USD=X is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since Oct 15, 2007 | 1.00 |
The correlation between EUR=X and USD=X has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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. USD=X — Risk / Return Rank
EUR=X
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
EUR=X vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/EUR (EUR=X) and USD Cash (USD=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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.04 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.27 | -0.10 |
| Martin ratioReturn relative to average drawdown | 0.39 | 0.62 | -0.24 |
Loading charts...
Drawdowns
EUR=X vs. USD=X - Drawdown Comparison
The maximum EUR=X drawdown since its inception was -20.32%, roughly equal to the maximum USD=X drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for EUR=X and USD=X.
Loading charts...
Drawdown Indicators
| EUR=X | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.32% | -20.32% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -5.33% | -5.33% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -15.23% | -15.23% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -20.32% | -20.32% | 0.00% |
Max Drawdown (10Y)Largest decline over 10 years | -20.32% | -20.32% | 0.00% |
Current DrawdownCurrent decline from peak | -16.35% | -16.35% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -9.48% | -9.37% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 1.77% | +0.01% |
Volatility
EUR=X vs. USD=X - Volatility Comparison
The current volatility for USD/EUR (EUR=X) is 1.12%, while USD Cash (USD=X) has a volatility of 1.47%. This indicates that EUR=X experiences smaller price fluctuations and is considered to be less risky than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EUR=X | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.12% | 1.47% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.92% | 4.69% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.79% | 5.34% | +0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.30% | 6.42% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.12% | 6.14% | +0.98% |
Frequently Asked Questions
With a correlation of 1.00, EUR=X and USD=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.
USD=X has higher volatility (1.47%) compared to EUR=X (1.12%). In terms of maximum drawdown, EUR=X dropped -20.32% vs USD=X's -20.32%.
USD=X currently has the higher Sharpe Ratio (0.23 vs 0.16), 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 USD=X
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