Correlation
The correlation between EURUSD=X and ^STOXX 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. ^STOXX
Compare and contrast key facts about EUR/USD (EURUSD=X) and STOXX Europe 600 Index (^STOXX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EURUSD=X or ^STOXX.
Performance
EURUSD=X vs. ^STOXX - Performance Comparison
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Key characteristics
EURUSD=X:
0.63
^STOXX:
0.30
EURUSD=X:
0.49
^STOXX:
0.62
EURUSD=X:
1.05
^STOXX:
1.09
EURUSD=X:
0.01
^STOXX:
0.37
EURUSD=X:
0.51
^STOXX:
1.58
EURUSD=X:
4.82%
^STOXX:
3.90%
EURUSD=X:
6.98%
^STOXX:
14.79%
EURUSD=X:
-39.98%
^STOXX:
-61.04%
EURUSD=X:
-28.92%
^STOXX:
-3.20%
Returns By Period
In the year-to-date period, EURUSD=X achieves a 9.77% return, which is significantly higher than ^STOXX's 7.39% return. Over the past 10 years, EURUSD=X has underperformed ^STOXX with an annualized return of 0.43%, while ^STOXX has yielded a comparatively higher 3.05% annualized return.
EURUSD=X
9.77%
-0.07%
9.07%
4.79%
2.07%
0.82%
0.43%
^STOXX
7.39%
5.11%
7.21%
4.72%
8.10%
9.89%
3.05%
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Risk-Adjusted Performance
EURUSD=X vs. ^STOXX — Risk-Adjusted Performance Rank
EURUSD=X
^STOXX
EURUSD=X vs. ^STOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for EUR/USD (EURUSD=X) and STOXX Europe 600 Index (^STOXX). 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. ^STOXX - Drawdown Comparison
The maximum EURUSD=X drawdown since its inception was -39.98%, smaller than the maximum ^STOXX drawdown of -61.04%. Use the drawdown chart below to compare losses from any high point for EURUSD=X and ^STOXX.
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Volatility
EURUSD=X vs. ^STOXX - Volatility Comparison
The current volatility for EUR/USD (EURUSD=X) is 2.26%, while STOXX Europe 600 Index (^STOXX) has a volatility of 2.69%. This indicates that EURUSD=X experiences smaller price fluctuations and is considered to be less risky than ^STOXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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