EUR=X vs. USD=X

Last updated Apr 3, 2026

Compare and contrast key facts about USD/EUR (EUR=X) and USD Cash (USD=X).

Performance

EUR=X vs. USD=X - Performance Comparison

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

EUR=X vs. USD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUR=X USD/EUR	1.81%	-11.87%	6.60%	-3.00%	6.20%	7.48%	-8.24%	2.26%	4.69%	-12.29%
USD=X USD Cash	1.81%	-11.87%	6.60%	-3.00%	6.20%	7.48%	-8.24%	2.26%	4.69%	-12.29%

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

In the year-to-date period, EUR=X achieves a 1.81% return, which is significantly higher than USD=X's 1.54% return. Over the past 10 years, EUR=X has outperformed USD=X with an annualized return of -0.13%, while USD=X has yielded a comparatively lower -0.16% annualized return.

EUR=X

• 1D: 0.45%
• 1M: 0.65%
• YTD: 1.81%
• 6M: 1.58%
• 1Y: -6.14%
• 3Y*: -1.87%
• 5Y*: 0.38%
• 10Y*: -0.13%

USD=X

• 1D: 0.00%
• 1M: 0.38%
• YTD: 1.54%
• 6M: 1.31%
• 1Y: -6.39%
• 3Y*: -1.80%
• 5Y*: 0.33%
• 10Y*: -0.16%

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

Return for Risk

EUR=X vs. USD=X — 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: 36
EUR=X Sharpe Ratio Rank: 22
EUR=X Sortino Ratio Rank: 25
EUR=X Omega Ratio Rank: 22
EUR=X Calmar Ratio Rank: 57
EUR=X Martin Ratio Rank: 56

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. 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.

	EUR=X	USD=X	Difference
Sharpe ratio Return per unit of total volatility	-0.70	-0.59	-0.11
Sortino ratio Return per unit of downside risk	-0.88	-0.74	-0.14
Omega ratio Gain probability vs. loss probability	0.89	0.92	-0.03
Calmar ratio Return relative to maximum drawdown	0.08	0.40	-0.32
Martin ratio Return relative to average drawdown	0.18	0.86	-0.68
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. USD=X - Sharpe Ratio Comparison

The current EUR=X Sharpe Ratio is -0.70, which is comparable to the USD=X Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of EUR=X and USD=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	EUR=X	USD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.70	-0.59	-0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	0.04	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	-0.02	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.08	0.00

Correlation

The correlation between EUR=X and USD=X is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

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.

Drawdown Indicators

	EUR=X	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-20.32%	0.00%	-20.32%
Max Drawdown (1Y) Largest decline over 1 year	-9.38%	0.00%	-9.38%
Max Drawdown (5Y) Largest decline over 5 years	-20.32%	0.00%	-20.32%
Max Drawdown (10Y) Largest decline over 10 years	-20.32%	0.00%	-20.32%
Current Drawdown Current decline from peak	-16.83%	0.00%	-16.83%
Average Drawdown Average peak-to-trough decline	-9.52%	0.00%	-9.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.39%	0.00%	+2.39%

Volatility

EUR=X vs. USD=X - Volatility Comparison

The current volatility for USD/EUR (EUR=X) is 2.12%, while USD Cash (USD=X) has a volatility of 2.44%. 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.

Volatility by Period

	EUR=X	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.12%	2.44%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	4.10%	4.35%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	7.11%	6.56%	+0.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.37%	6.45%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.25%	6.23%	+1.02%