EURUSD=X vs. ^GDAXI
Compare and contrast key facts about EUR/USD (EURUSD=X) and DAX Performance Index (^GDAXI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EURUSD=X or ^GDAXI.
Correlation
The correlation between EURUSD=X and ^GDAXI is 0.38, 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
EURUSD=X vs. ^GDAXI - Performance Comparison
Key characteristics
EURUSD=X:
0.35
^GDAXI:
0.91
EURUSD=X:
0.59
^GDAXI:
1.28
EURUSD=X:
1.07
^GDAXI:
1.17
EURUSD=X:
0.07
^GDAXI:
1.20
EURUSD=X:
0.58
^GDAXI:
5.80
EURUSD=X:
4.21%
^GDAXI:
2.45%
EURUSD=X:
6.86%
^GDAXI:
15.68%
EURUSD=X:
-39.99%
^GDAXI:
-72.68%
EURUSD=X:
-31.48%
^GDAXI:
-11.86%
Returns By Period
In the year-to-date period, EURUSD=X achieves a 5.80% return, which is significantly higher than ^GDAXI's 3.68% return. Over the past 10 years, EURUSD=X has underperformed ^GDAXI with an annualized return of 0.12%, while ^GDAXI has yielded a comparatively higher 5.43% annualized return.
EURUSD=X
5.80%
1.52%
-0.20%
1.09%
0.26%
0.12%
^GDAXI
3.68%
-10.57%
7.95%
12.16%
16.51%
5.43%
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Risk-Adjusted Performance
EURUSD=X vs. ^GDAXI — Risk-Adjusted Performance Rank
EURUSD=X
^GDAXI
EURUSD=X vs. ^GDAXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for EUR/USD (EURUSD=X) and DAX Performance Index (^GDAXI). 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
EURUSD=X vs. ^GDAXI - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -39.99%, smaller than the maximum ^GDAXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and ^GDAXI. For additional features, visit the drawdowns tool.
Volatility
EURUSD=X vs. ^GDAXI - Volatility Comparison
The current volatility for EUR/USD (EURUSD=X) is 2.44%, while DAX Performance Index (^GDAXI) has a volatility of 7.68%. This indicates that EURUSD=X experiences smaller price fluctuations and is considered to be less risky than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.