Correlation
The correlation between EURUSD=X and ^GSPC is 0.11, 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. ^GSPC
Compare and contrast key facts about EUR/USD (EURUSD=X) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EURUSD=X or ^GSPC.
Performance
EURUSD=X vs. ^GSPC - Performance Comparison
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Key characteristics
EURUSD=X:
0.63
^GSPC:
0.52
EURUSD=X:
0.49
^GSPC:
0.78
EURUSD=X:
1.05
^GSPC:
1.11
EURUSD=X:
0.01
^GSPC:
0.48
EURUSD=X:
0.51
^GSPC:
1.81
EURUSD=X:
4.82%
^GSPC:
4.99%
EURUSD=X:
6.98%
^GSPC:
19.70%
EURUSD=X:
-39.98%
^GSPC:
-56.78%
EURUSD=X:
-28.92%
^GSPC:
-5.56%
Returns By Period
In the year-to-date period, EURUSD=X achieves a 9.77% return, which is significantly higher than ^GSPC's -1.34% return. Over the past 10 years, EURUSD=X has underperformed ^GSPC with an annualized return of 0.43%, while ^GSPC has yielded a comparatively higher 10.68% annualized return.
EURUSD=X
9.77%
-0.07%
9.07%
4.79%
2.07%
0.82%
0.43%
^GSPC
-1.34%
5.80%
-2.79%
9.39%
13.76%
14.45%
10.68%
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Risk-Adjusted Performance
EURUSD=X vs. ^GSPC — Risk-Adjusted Performance Rank
EURUSD=X
^GSPC
EURUSD=X vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for EUR/USD (EURUSD=X) and S&P 500 (^GSPC). 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. ^GSPC - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -39.98%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and ^GSPC.
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Volatility
EURUSD=X vs. ^GSPC - Volatility Comparison
The current volatility for EUR/USD (EURUSD=X) is 2.26%, while S&P 500 (^GSPC) has a volatility of 4.37%. This indicates that EURUSD=X experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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