EURUSD=X vs. GBPUSD=X
EURUSD=X (Euro / U.S. Dollar) and GBPUSD=X (GBP/USD) are both currencies. Over the past 10 years, EURUSD=X returned 0.40%/yr vs 0.27%/yr for GBPUSD=X. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
EURUSD=X vs. GBPUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, EURUSD=X achieves a -2.32% return, which is significantly lower than GBPUSD=X's 0.58% return. Over the past 10 years, EURUSD=X has outperformed GBPUSD=X with an annualized return of 0.40%, while GBPUSD=X has yielded a comparatively lower 0.27% annualized return.
EURUSD=X
- 1D
- 0.46%
- 1M
- -1.00%
- 6M
- -1.48%
- YTD
- -2.32%
- 1Y
- -1.12%
- 3Y*
- 0.73%
- 5Y*
- -0.56%
- 10Y*
- 0.40%
GBPUSD=X
- 1D
- 1.14%
- 1M
- 0.90%
- 6M
- 0.70%
- YTD
- 0.58%
- 1Y
- 1.15%
- 3Y*
- 1.11%
- 5Y*
- -0.32%
- 10Y*
- 0.27%
EURUSD=X vs. GBPUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EURUSD=X Euro / U.S. Dollar | -2.32% | 13.43% | -6.18% | 3.16% | -6.01% | -6.81% | 8.85% | -1.94% | -4.66% | 14.14% |
GBPUSD=X GBP/USD | 0.58% | 7.55% | -1.67% | 5.28% | -10.69% | -0.91% | 3.06% | 4.01% | -5.66% | 9.52% |
Correlation
The correlation between EURUSD=X and GBPUSD=X is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 20, 2007 | 0.62 |
Over the past year, EURUSD=X and GBPUSD=X have become more correlated (0.85) than their long-term average of 0.62, meaning their price movements have been converging.
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Return for Risk
EURUSD=X vs. GBPUSD=X — Risk / Return Rank
EURUSD=X
GBPUSD=X
EURUSD=X vs. GBPUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Euro / U.S. Dollar (EURUSD=X) and GBP/USD (GBPUSD=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.
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 | GBPUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.45 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.03 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 0.19 | -0.35 |
| Martin ratioReturn relative to average drawdown | -0.33 | 0.36 | -0.69 |
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Drawdowns
EURUSD=X vs. GBPUSD=X - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -40.01%, smaller than the maximum GBPUSD=X drawdown of -49.29%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and GBPUSD=X.
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Drawdown Indicators
| EURUSD=X | GBPUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.01% | -49.29% | +9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -4.89% | -0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -8.83% | -9.34% | +0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -23.41% | +4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -25.46% | +2.15% |
Current DrawdownCurrent decline from peak | -28.25% | -35.78% | +7.53% |
Average DrawdownAverage peak-to-trough decline | -23.60% | -31.37% | +7.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 2.57% | +0.24% |
Volatility
EURUSD=X vs. GBPUSD=X - Volatility Comparison
The current volatility for Euro / U.S. Dollar (EURUSD=X) is 1.15%, while GBP/USD (GBPUSD=X) has a volatility of 1.50%. This indicates that EURUSD=X experiences smaller price fluctuations and is considered to be less risky than GBPUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EURUSD=X | GBPUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.50% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 4.73% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 6.21% | -0.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 8.22% | -0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 8.58% | -1.49% |
Frequently Asked Questions
EURUSD=X and GBPUSD=X have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBPUSD=X has higher volatility (1.50%) compared to EURUSD=X (1.15%). In terms of maximum drawdown, EURUSD=X dropped -40.01% vs GBPUSD=X's -49.29%.
GBPUSD=X currently has the higher Sharpe Ratio (0.15 vs -0.15), 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.
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