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 57.75%/yr for USD. At a 0.15 correlation, their price movements are largely independent.
Performance
EURUSD=X vs. USD - 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 USD's 76.24% 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 57.75% 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%
USD
- 1D
- -2.73%
- 1M
- -13.47%
- 6M
- 69.06%
- YTD
- 76.24%
- 1Y
- 125.99%
- 3Y*
- 102.21%
- 5Y*
- 64.19%
- 10Y*
- 57.75%
EURUSD=X vs. USD - 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% |
USD ProShares Ultra Semiconductors | 76.24% | 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 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 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 | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.29 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 3.98 | -4.14 |
| Martin ratioReturn relative to average drawdown | -0.33 | 10.34 | -10.67 |
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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% | -31.80% | +26.13% |
Max Drawdown (3Y)Largest decline over 3 years | -8.83% | -64.46% | +55.63% |
Max Drawdown (5Y)Largest decline over 5 years | -19.28% | -77.85% | +58.57% |
Max Drawdown (10Y)Largest decline over 10 years | -23.31% | -77.85% | +54.54% |
Current DrawdownCurrent decline from peak | -28.25% | -18.58% | -9.67% |
Average DrawdownAverage peak-to-trough decline | -23.60% | -32.25% | +8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.81% | 12.23% | -9.42% |
Volatility
EURUSD=X vs. USD - Volatility Comparison
The current volatility for Euro / U.S. Dollar (EURUSD=X) is 1.15%, while ProShares Ultra Semiconductors (USD) has a volatility of 31.39%. 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 | 1.15% | 31.39% | -30.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.02% | 57.92% | -53.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.83% | 70.80% | -64.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.39% | 78.24% | -70.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 70.07% | -62.98% |
Frequently Asked Questions
EURUSD=X and USD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (31.39%) compared to EURUSD=X (1.15%). In terms of maximum drawdown, EURUSD=X dropped -40.01% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (1.79 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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