Correlation
The correlation between EURUSD=X and ^GDAXI is 0.12, 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.
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.
Performance
EURUSD=X vs. ^GDAXI - Performance Comparison
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Key characteristics
EURUSD=X:
0.63
^GDAXI:
1.48
EURUSD=X:
0.49
^GDAXI:
2.03
EURUSD=X:
1.05
^GDAXI:
1.27
EURUSD=X:
0.01
^GDAXI:
1.65
EURUSD=X:
0.51
^GDAXI:
7.77
EURUSD=X:
4.82%
^GDAXI:
3.40%
EURUSD=X:
6.98%
^GDAXI:
17.76%
EURUSD=X:
-39.98%
^GDAXI:
-72.68%
EURUSD=X:
-28.92%
^GDAXI:
-2.04%
Returns By Period
In the year-to-date period, EURUSD=X achieves a 9.77% return, which is significantly lower than ^GDAXI's 18.69% return. Over the past 10 years, EURUSD=X has underperformed ^GDAXI with an annualized return of 0.43%, while ^GDAXI has yielded a comparatively higher 7.35% annualized return.
EURUSD=X
9.77%
-0.07%
9.07%
4.79%
2.07%
0.82%
0.43%
^GDAXI
18.69%
7.09%
22.29%
26.41%
19.29%
16.37%
7.35%
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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.
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Drawdowns
EURUSD=X vs. ^GDAXI - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -39.98%, 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.
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Volatility
EURUSD=X vs. ^GDAXI - Volatility Comparison
The current volatility for EUR/USD (EURUSD=X) is 2.26%, while DAX Performance Index (^GDAXI) has a volatility of 3.73%. 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.
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