EUR=X vs. ^STOXX
Compare and contrast key facts about USD/EUR (EUR=X) and STOXX Europe 600 Index (^STOXX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EUR=X or ^STOXX.
Key characteristics
| EUR=X | ^STOXX | |
|---|---|---|
| YTD Return | -0.75% | 7.53% |
| 1Y Return | -4.08% | 11.51% |
| 3Y Return (Ann) | 1.62% | 3.33% |
| 5Y Return (Ann) | -0.15% | 5.64% |
| 10Y Return (Ann) | 1.37% | 3.94% |
| Sharpe Ratio | -0.47 | 1.31 |
| Daily Std Dev | 5.45% | 10.24% |
| Max Drawdown | -48.28% | -61.04% |
| Current Drawdown | -25.62% | -1.89% |
Correlation
The correlation between EUR=X and ^STOXX is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EUR=X vs. ^STOXX - Performance Comparison
In the year-to-date period, EUR=X achieves a -0.75% return, which is significantly lower than ^STOXX's 7.53% return. Over the past 10 years, EUR=X has underperformed ^STOXX with an annualized return of 1.37%, while ^STOXX has yielded a comparatively higher 3.94% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
EUR=X vs. ^STOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD/EUR (EUR=X) and STOXX Europe 600 Index (^STOXX). 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.
Drawdowns
EUR=X vs. ^STOXX - Drawdown Comparison
The maximum EUR=X drawdown since its inception was -48.28%, smaller than the maximum ^STOXX drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for EUR=X and ^STOXX. For additional features, visit the drawdowns tool.
Volatility
EUR=X vs. ^STOXX - Volatility Comparison
The current volatility for USD/EUR (EUR=X) is 0.13%, while STOXX Europe 600 Index (^STOXX) has a volatility of 3.01%. This indicates that EUR=X experiences smaller price fluctuations and is considered to be less risky than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.