FLTR.L vs. USD=X

Last updated Jun 13, 2026

FLTR.L (Flutter Entertainment plc) is a stock, while USD=X (USD Cash) is a currency. Over the past 5 years, FLTR.L returned -10.32%/yr vs 0.80%/yr for USD=X. At a correlation of -0.05, they often move in opposite directions.

Performance

FLTR.L vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Flutter Entertainment plc (FLTR.L) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FLTR.L is traded in GBp, while USD=X is traded in USD. To make them comparable, the USD=X values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, FLTR.L achieves a -50.01% return, which is significantly lower than USD=X's 0.22% return.

FLTR.L

• 1D: -3.33%
• 1M: 15.53%
• YTD: -50.01%
• 6M: -51.70%
• 1Y: -59.06%
• 3Y*: -20.04%
• 5Y*: -10.32%
• 10Y*: —

USD=X

• 1D: 0.00%
• 1M: -0.90%
• YTD: 0.22%
• 6M: -0.63%
• 1Y: 0.95%
• 3Y*: -1.55%
• 5Y*: 0.80%
• 10Y*: 0.67%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLTR.L vs. USD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FLTR.L Flutter Entertainment plc	-50.01%	-22.15%	48.64%	23.47%	-4.00%	-22.17%	69.22%	64.62%
USD=X USD Cash	0.22%	-7.12%	1.75%	-5.00%	11.89%	0.95%	-2.94%	-4.37%

Correlation

The correlation between FLTR.L and USD=X is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.06
Correlation (All Time) Calculated using the full available price history since May 28, 2019	-0.05

The correlation between FLTR.L and USD=X shifts across timeframes, from -0.06 (5 years) to 0.08 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

FLTR.L vs. USD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLTR.L

FLTR.L Risk / Return Rank: 5
FLTR.L Sharpe Ratio Rank: 1
FLTR.L Sortino Ratio Rank: 2
FLTR.L Omega Ratio Rank: 2
FLTR.L Calmar Ratio Rank: 10
FLTR.L Martin Ratio Rank: 9

USD=X

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLTR.L vs. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Flutter Entertainment plc (FLTR.L) and USD Cash (USD=X). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	FLTR.L	USD=X	Difference
Sharpe ratio: Return per unit of total volatility	-1.41	0.12	-1.53
Sortino ratio: Return per unit of downside risk	-2.21	0.22	-2.43
Omega ratio: Gain probability vs. loss probability	0.70	1.02	-0.32
Calmar ratio: Return relative to maximum drawdown	-0.84	0.14	-0.98
Martin ratio: Return relative to average drawdown	-1.39	0.31	-1.70

FLTR.L vs. USD=X - Sharpe Ratio Comparison

The current FLTR.L Sharpe Ratio is -1.41, which is lower than the USD=X Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of FLTR.L and USD=X, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLTR.L vs. USD=X - Drawdown Comparison

The maximum FLTR.L drawdown since its inception was -70.59%, which is greater than USD=X's maximum drawdown of -22.85%. Use the drawdown chart below to compare losses from any high point for FLTR.L and USD=X.

Drawdown Indicators

	FLTR.L	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-70.59%	-22.85%	-47.74%
Max Drawdown (1Y) Largest decline over 1 year	-69.91%	-5.98%	-63.93%
Max Drawdown (3Y) Largest decline over 3 years	-70.59%	-12.79%	-57.80%
Max Drawdown (5Y) Largest decline over 5 years	-70.59%	-22.85%	-47.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-22.85%	—
Current Drawdown Current decline from peak	-65.87%	-20.53%	-45.34%
Average Drawdown Average peak-to-trough decline	-19.06%	-11.09%	-7.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	42.67%	2.97%	+39.70%

Volatility

FLTR.L vs. USD=X - Volatility Comparison

Flutter Entertainment plc (FLTR.L) has a higher volatility of 12.29% compared to USD Cash (USD=X) at 1.44%. This indicates that FLTR.L's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLTR.L	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.29%	1.44%	+10.85%
Volatility (6M) Calculated over the trailing 6-month period	34.23%	5.22%	+29.01%
Volatility (1Y) Calculated over the trailing 1-year period	41.97%	5.74%	+36.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.82%	7.12%	+30.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.65%	7.90%	+30.75%

Frequently Asked Questions

Can I hold both FLTR.L and USD=X in my portfolio?

FLTR.L and USD=X have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.