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:
-0.71
^GDAXI:
2.23
EURUSD=X:
-0.95
^GDAXI:
3.03
EURUSD=X:
0.89
^GDAXI:
1.38
EURUSD=X:
-0.12
^GDAXI:
3.45
EURUSD=X:
-1.12
^GDAXI:
12.49
EURUSD=X:
3.99%
^GDAXI:
2.24%
EURUSD=X:
6.21%
^GDAXI:
12.54%
EURUSD=X:
-39.99%
^GDAXI:
-72.68%
EURUSD=X:
-34.59%
^GDAXI:
-2.44%
Returns By Period
In the year-to-date period, EURUSD=X achieves a 1.00% return, which is significantly lower than ^GDAXI's 11.95% return. Over the past 10 years, EURUSD=X has underperformed ^GDAXI with an annualized return of -0.78%, while ^GDAXI has yielded a comparatively higher 7.07% annualized return.
EURUSD=X
1.00%
0.47%
-6.56%
-3.39%
-0.70%
-0.78%
^GDAXI
11.95%
4.86%
19.61%
28.31%
10.29%
7.07%
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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 1.78%, while DAX Performance Index (^GDAXI) has a volatility of 4.87%. 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.