PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
EURUSD=X vs. ^STOXX
Performance
Return for Risk
Drawdowns
Volatility

EURUSD=X vs. ^STOXX

Last updated Jun 26, 2026

EURUSD=X (Euro / U.S. Dollar) is a currency, while ^STOXX (STOXX Europe 600 Index) is an index. Over the past 10 years, EURUSD=X returned 0.30%/yr vs 7.29%/yr for ^STOXX. At a 0.47 correlation, their price movements are largely independent.

Performance

EURUSD=X vs. ^STOXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Euro / U.S. Dollar (EURUSD=X) and STOXX Europe 600 Index (^STOXX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

EURUSD=X is traded in USD, while ^STOXX is traded in EUR. To make them comparable, the ^STOXX values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, EURUSD=X achieves a -3.24% return, which is significantly lower than ^STOXX's 3.60% return. Over the past 10 years, EURUSD=X has underperformed ^STOXX with an annualized return of 0.30%, while ^STOXX has yielded a comparatively higher 7.29% annualized return.

EURUSD=X

1D
0.05%
1M
-2.29%
YTD
-3.24%
6M
-3.56%
1Y
-2.52%
3Y*
1.38%
5Y*
-0.97%
10Y*
0.30%

^STOXX

1D
-0.12%
1M
-1.24%
YTD
3.60%
6M
3.91%
1Y
15.24%
3Y*
13.49%
5Y*
5.72%
10Y*
7.29%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EURUSD=X vs. ^STOXX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EURUSD=X
Euro / U.S. Dollar		-3.24%13.43%-6.18%3.16%-6.01%-6.81%8.85%-1.94%-4.66%14.14%
^STOXX
STOXX Europe 600 Index		3.60%32.56%-0.63%16.30%-17.85%12.47%5.57%21.16%-17.67%22.91%

Correlation

The correlation between EURUSD=X and ^STOXX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.49

Correlation (3Y)
Calculated over the trailing 3-year period

0.51

Correlation (5Y)
Calculated over the trailing 5-year period

0.55

Correlation (10Y)
Calculated over the trailing 10-year period

0.47

Correlation (All Time)
Calculated using the full available price history since Jun 18, 2007

0.47

The correlation between EURUSD=X and ^STOXX has been stable across timeframes, ranging from 0.47 to 0.55 - 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.

Euro / U.S. Dollar

STOXX Europe 600 Index

Often compared with EURUSD=X:
EURUSD=X vs. BTC-USDEURUSD=X vs. GBPUSD=XEURUSD=X vs. FXEEURUSD=X vs. NZDUSD=XEURUSD=X vs. ^GDAXIEURUSD=X vs. USDEURUSD=X vs. AUDUSD=X
Often compared with ^STOXX:
^STOXX vs. SPY^STOXX vs. VOO^STOXX vs. ACWI^STOXX vs. ^GSPC^STOXX vs. EUR=X^STOXX vs. ^NDX^STOXX vs. SCHD

Return for Risk

EURUSD=X vs. ^STOXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EURUSD=X
EURUSD=X Risk / Return Rank: 2929
Overall Rank
EURUSD=X Sharpe Ratio Rank: 3131
Sharpe Ratio Rank
EURUSD=X Sortino Ratio Rank: 3131
Sortino Ratio Rank
EURUSD=X Omega Ratio Rank: 3131
Omega Ratio Rank
EURUSD=X Calmar Ratio Rank: 2929
Calmar Ratio Rank
EURUSD=X Martin Ratio Rank: 2222
Martin Ratio Rank
^STOXX
^STOXX Risk / Return Rank: 5151
Overall Rank
^STOXX Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
^STOXX Sortino Ratio Rank: 5555
Sortino Ratio Rank
^STOXX Omega Ratio Rank: 5656
Omega Ratio Rank
^STOXX Calmar Ratio Rank: 4343
Calmar Ratio Rank
^STOXX Martin Ratio Rank: 5151
Martin Ratio Rank
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.

EURUSD=X vs. ^STOXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Euro / U.S. Dollar (EURUSD=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.

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.

EURUSD=X^STOXXDifference
Sharpe ratioReturn per unit of total volatility
-0.35
1.05

-1.40

Sortino ratioReturn per unit of downside risk
-0.46
1.58

-2.04

Omega ratioGain probability vs. loss probability

0.95

1.19

-0.25

Calmar ratioReturn relative to maximum drawdown

-0.36

1.30

-1.66

Martin ratioReturn relative to average drawdown

-0.82

4.36

-5.18

EURUSD=X vs. ^STOXX - Sharpe Ratio Comparison

The current EURUSD=X Sharpe Ratio is -0.35, which is lower than the ^STOXX Sharpe Ratio of 1.05. The chart below compares the historical Sharpe Ratios of EURUSD=X and ^STOXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

EURUSD=X vs. ^STOXX - Drawdown Comparison

The maximum EURUSD=X drawdown since its inception was -40.01%, smaller than the maximum ^STOXX drawdown of -64.60%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and ^STOXX.

Loading charts...

Drawdown Indicators

EURUSD=X^STOXXDifference

Max Drawdown

Largest peak-to-trough decline

-40.01%

-64.60%

+24.59%

Max Drawdown (1Y)

Largest decline over 1 year

-5.67%

-11.59%

+5.92%

Max Drawdown (3Y)

Largest decline over 3 years

-8.83%

-15.22%

+6.39%

Max Drawdown (5Y)

Largest decline over 5 years

-19.63%

-33.96%

+14.33%

Max Drawdown (10Y)

Largest decline over 10 years

-23.31%

-39.58%

+16.27%

Current Drawdown

Current decline from peak

-28.93%

-3.68%

-25.25%

Average Drawdown

Average peak-to-trough decline

-23.50%

-22.91%

-0.59%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.68%

3.44%

-0.76%

Volatility

EURUSD=X vs. ^STOXX - Volatility Comparison

The current volatility for Euro / U.S. Dollar (EURUSD=X) is 1.46%, while STOXX Europe 600 Index (^STOXX) has a volatility of 3.31%. This indicates that EURUSD=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.

Loading charts...

Volatility by Period

EURUSD=X^STOXXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.46%

3.31%

-1.85%

Volatility (6M)

Calculated over the trailing 6-month period

4.19%

12.02%

-7.83%

Volatility (1Y)

Calculated over the trailing 1-year period

5.85%

14.42%

-8.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.40%

17.49%

-10.09%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.10%

17.41%

-10.31%

Frequently Asked Questions

EURUSD=X and ^STOXX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

^STOXX has higher volatility (3.31%) compared to EURUSD=X (1.46%). In terms of maximum drawdown, EURUSD=X dropped -40.01% vs ^STOXX's -64.60%.

^STOXX currently has the higher Sharpe Ratio (1.05 vs -0.35), 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.

Portfolio Optimizer

Find the right allocation for EURUSD=X and ^STOXX

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