EURUSD=X vs. HIDR.L
EURUSD=X (Euro / U.S. Dollar) is a currency, while HIDR.L (HSBC MSCI Indonesia UCITS ETF USD) is Asia Pacific Equities fund tracking the MSCI Indonesia NR IDR. Over the past 10 years, EURUSD=X returned 0.32%/yr vs -3.29%/yr for HIDR.L. At a 0.20 correlation, their price movements are largely independent.
Performance
EURUSD=X vs. HIDR.L - Performance Comparison
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Different Trading Currencies
EURUSD=X is traded in USD, while HIDR.L is traded in GBp. To make them comparable, the HIDR.L 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 -1.52% return, which is significantly higher than HIDR.L's -36.24% return. Over the past 10 years, EURUSD=X has outperformed HIDR.L with an annualized return of 0.32%, while HIDR.L has yielded a comparatively lower -3.29% annualized return.
EURUSD=X
- 1D
- -0.11%
- 1M
- -0.88%
- YTD
- -1.52%
- 6M
- -1.48%
- 1Y
- 0.14%
- 3Y*
- 2.34%
- 5Y*
- -0.91%
- 10Y*
- 0.32%
HIDR.L
- 1D
- 2.18%
- 1M
- -10.86%
- YTD
- -36.24%
- 6M
- -36.19%
- 1Y
- -37.53%
- 3Y*
- -19.81%
- 5Y*
- -8.95%
- 10Y*
- -3.29%
EURUSD=X vs. HIDR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EURUSD=X Euro / U.S. Dollar | -1.52% | 13.43% | -6.18% | 3.16% | -6.01% | -6.81% | 8.85% | -1.94% | -4.66% | 14.14% |
HIDR.L HSBC MSCI Indonesia UCITS ETF USD | -36.24% | -1.20% | -14.61% | 4.43% | 3.09% | 1.47% | -8.00% | 8.24% | -9.58% | 23.37% |
Correlation
The correlation between EURUSD=X and HIDR.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2011 | 0.20 |
The correlation between EURUSD=X and HIDR.L shifts across timeframes, from 0.13 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EURUSD=X vs. HIDR.L — Risk / Return Rank
EURUSD=X
HIDR.L
EURUSD=X vs. HIDR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Euro / U.S. Dollar (EURUSD=X) and HSBC MSCI Indonesia UCITS ETF USD (HIDR.L). 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 | HIDR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.74 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | -0.79 | +0.77 |
| Martin ratioReturn relative to average drawdown | -0.04 | -2.30 | +2.26 |
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Drawdowns
EURUSD=X vs. HIDR.L - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -40.01%, smaller than the maximum HIDR.L drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and HIDR.L.
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Drawdown Indicators
| EURUSD=X | HIDR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.01% | -58.15% | +18.14% |
Max Drawdown (1Y)Largest decline over 1 year | -5.19% | -48.66% | +43.47% |
Max Drawdown (3Y)Largest decline over 3 years | -8.83% | -58.13% | +49.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.89% | -58.13% | +37.24% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -58.13% | +34.82% |
Current DrawdownCurrent decline from peak | -27.67% | -50.90% | +23.23% |
Average DrawdownAverage peak-to-trough decline | -23.44% | -18.92% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 16.73% | -14.24% |
Volatility
EURUSD=X vs. HIDR.L - Volatility Comparison
The current volatility for Euro / U.S. Dollar (EURUSD=X) is 1.07%, while HSBC MSCI Indonesia UCITS ETF USD (HIDR.L) has a volatility of 15.37%. This indicates that EURUSD=X experiences smaller price fluctuations and is considered to be less risky than HIDR.L 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 | HIDR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.07% | 15.37% | -14.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.50% | 24.62% | -20.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 28.01% | -22.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.41% | 21.84% | -14.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.15% | 24.76% | -17.61% |
Frequently Asked Questions
EURUSD=X and HIDR.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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