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 0.29%/yr for GBPUSD=X. Their 0.62 correlation means they have sometimes moved together and sometimes differently.
Performance
EURUSD=X vs. GBPUSD=X - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EURUSD=X achieves a -1.83% return, which is significantly lower than GBPUSD=X's -0.04% 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 0.29% annualized return.
EURUSD=X
- 1D
- 0.20%
- 1M
- 0.88%
- 6M
- -2.43%
- YTD
- -1.83%
- 1Y
- -0.36%
- 3Y*
- 1.56%
- 5Y*
- -0.51%
- 10Y*
- 0.40%
- ALL TIME*
- -0.90%
GBPUSD=X
- 1D
- 0.17%
- 1M
- 0.82%
- 6M
- -1.78%
- YTD
- -0.04%
- 1Y
- 1.27%
- 3Y*
- 1.83%
- 5Y*
- -0.69%
- 10Y*
- 0.29%
- ALL TIME*
- -2.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
EURUSD=X Euro / U.S. Dollar | $110.05K | $130.91K | $141.40K |
GBPUSD=X GBP/USD | $385.56K | $376.56K | $355.21K |
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 | -1.83% | 13.43% | -6.18% | 3.16% | -6.01% | -6.81% | 8.85% | -1.94% | -4.66% | 14.14% |
GBPUSD=X GBP/USD | -0.04% | 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, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 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.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.21 | -0.26 |
| Martin ratioReturn relative to average drawdown | -0.10 | 0.38 | -0.48 |
Loading charts...
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.
Loading charts...
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 | -8.48% | -9.34% | +0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -19.24% | -22.93% | +3.69% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -25.46% | +2.15% |
Current DrawdownCurrent decline from peak | -27.89% | -36.17% | +8.28% |
Average DrawdownAverage peak-to-trough decline | -23.69% | -31.49% | +7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.64% | +0.42% |
Volatility
EURUSD=X vs. GBPUSD=X - Volatility Comparison
The current volatility for Euro / U.S. Dollar (EURUSD=X) is 1.27%, while GBP/USD (GBPUSD=X) has a volatility of 1.91%. 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.
Loading charts...
Volatility by Period
| EURUSD=X | GBPUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.91% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 4.60% | -0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 6.17% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 8.21% | -0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.07% | 8.54% | -1.47% |
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 (1.91%) compared to EURUSD=X (1.27%). In terms of maximum drawdown, EURUSD=X dropped -40.01% vs GBPUSD=X's -49.29%.
GBPUSD=X currently has the higher Sharpe Ratio (0.17 vs -0.05), 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.
Find the right allocation for EURUSD=X and GBPUSD=X
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