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 0.08, 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:
0.72
^GDAXI:
1.46
EURUSD=X:
1.19
^GDAXI:
2.00
EURUSD=X:
1.11
^GDAXI:
1.27
EURUSD=X:
0.03
^GDAXI:
1.61
EURUSD=X:
1.56
^GDAXI:
7.35
EURUSD=X:
4.23%
^GDAXI:
3.50%
EURUSD=X:
7.42%
^GDAXI:
17.57%
EURUSD=X:
-39.99%
^GDAXI:
-72.68%
EURUSD=X:
-29.18%
^GDAXI:
-3.94%
Returns By Period
In the year-to-date period, EURUSD=X achieves a 9.35% return, which is significantly lower than ^GDAXI's 13.00% return. Over the past 10 years, EURUSD=X has underperformed ^GDAXI with an annualized return of 0.15%, while ^GDAXI has yielded a comparatively higher 6.93% annualized return.
EURUSD=X
9.35%
4.66%
4.29%
6.15%
0.84%
0.15%
^GDAXI
13.00%
1.50%
16.82%
25.46%
15.49%
6.93%
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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 4.08%, while DAX Performance Index (^GDAXI) has a volatility of 12.28%. 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.