EURUSD=X vs. ^GDAXI
Compare and contrast key facts about EUR/USD (EURUSD=X) and DAX Performance Index (^GDAXI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EURUSD=X or ^GDAXI.
Correlation
The correlation between EURUSD=X and ^GDAXI is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
EURUSD=X vs. ^GDAXI - Performance Comparison
Key characteristics
EURUSD=X:
0.68
^GDAXI:
0.82
EURUSD=X:
1.14
^GDAXI:
1.18
EURUSD=X:
1.13
^GDAXI:
1.16
EURUSD=X:
0.14
^GDAXI:
0.88
EURUSD=X:
1.19
^GDAXI:
4.64
EURUSD=X:
4.22%
^GDAXI:
3.03%
EURUSD=X:
7.20%
^GDAXI:
17.15%
EURUSD=X:
-39.99%
^GDAXI:
-72.68%
EURUSD=X:
-29.33%
^GDAXI:
-12.20%
Returns By Period
In the year-to-date period, EURUSD=X achieves a 9.12% return, which is significantly higher than ^GDAXI's 3.28% return. Over the past 10 years, EURUSD=X has underperformed ^GDAXI with an annualized return of 0.65%, while ^GDAXI has yielded a comparatively higher 5.20% annualized return.
EURUSD=X
9.12%
3.47%
3.31%
5.16%
0.63%
0.65%
^GDAXI
3.28%
-7.91%
7.04%
13.62%
14.07%
5.20%
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Risk-Adjusted Performance
EURUSD=X vs. ^GDAXI — Risk-Adjusted Performance Rank
EURUSD=X
^GDAXI
EURUSD=X vs. ^GDAXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for EUR/USD (EURUSD=X) and DAX Performance Index (^GDAXI). 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.
Drawdowns
EURUSD=X vs. ^GDAXI - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -39.99%, smaller than the maximum ^GDAXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and ^GDAXI. For additional features, visit the drawdowns tool.
Volatility
EURUSD=X vs. ^GDAXI - Volatility Comparison
The current volatility for EUR/USD (EURUSD=X) is 3.39%, while DAX Performance Index (^GDAXI) has a volatility of 11.74%. This indicates that EURUSD=X experiences smaller price fluctuations and is considered to be less risky than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.