EURUSD=X vs. USD
EURUSD=X (Euro / U.S. Dollar) is a currency, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 10 years, EURUSD=X returned 0.40%/yr vs 55.47%/yr for USD. Their 0.15 correlation means their historical movements had little consistent relationship.
Performance
EURUSD=X vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, EURUSD=X achieves a -1.83% return, which is significantly lower than USD's 71.41% return. Over the past 10 years, EURUSD=X has underperformed USD with an annualized return of 0.40%, while USD has yielded a comparatively higher 55.47% 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%
USD
- 1D
- 10.39%
- 1M
- 2.58%
- 6M
- 64.91%
- YTD
- 71.41%
- 1Y
- 106.91%
- 3Y*
- 102.00%
- 5Y*
- 57.55%
- 10Y*
- 55.47%
- ALL TIME*
- 28.92%
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 |
| $73.98M | $71.11M | $96.07M |
EURUSD=X vs. USD - 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% |
USD ProShares Ultra Semiconductors | 71.41% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between EURUSD=X and USD is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2007 | 0.15 |
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Return for Risk
EURUSD=X vs. USD — Risk / Return Rank
EURUSD=X
USD
EURUSD=X vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Euro / U.S. Dollar (EURUSD=X) and ProShares Ultra Semiconductors (USD). 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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.25 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 2.73 | -2.78 |
| Martin ratioReturn relative to average drawdown | -0.10 | 7.78 | -7.87 |
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Drawdowns
EURUSD=X vs. USD - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -40.01%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and USD.
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Drawdown Indicators
| EURUSD=X | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.01% | -88.63% | +48.62% |
Max Drawdown (1Y)Largest decline over 1 year | -5.67% | -39.33% | +33.66% |
Max Drawdown (3Y)Largest decline over 3 years | -8.48% | -64.46% | +55.98% |
Max Drawdown (5Y)Largest decline over 5 years | -19.24% | -77.85% | +58.61% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -77.85% | +54.54% |
Current DrawdownCurrent decline from peak | -27.89% | -20.81% | -7.08% |
Average DrawdownAverage peak-to-trough decline | -23.69% | -32.23% | +8.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 13.80% | -10.74% |
Volatility
EURUSD=X vs. USD - Volatility Comparison
The current volatility for Euro / U.S. Dollar (EURUSD=X) is 1.27%, while ProShares Ultra Semiconductors (USD) has a volatility of 29.12%. This indicates that EURUSD=X experiences smaller price fluctuations and is considered to be less risky than USD 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 | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 29.12% | -27.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.72% | 61.81% | -58.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.40% | 74.29% | -68.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 78.90% | -71.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.07% | 70.46% | -63.39% |
Frequently Asked Questions
EURUSD=X and USD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (29.12%) compared to EURUSD=X (1.27%). In terms of maximum drawdown, EURUSD=X dropped -40.01% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (1.45 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.
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