GBP=X vs. EUR=X

Last updated Apr 2, 2026

Compare and contrast key facts about USD/GBP (GBP=X) and USD/EUR (EUR=X).

Performance

GBP=X vs. EUR=X - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in USD/GBP (GBP=X) and USD/EUR (EUR=X). The values are adjusted to include any dividend payments, if applicable.

GBP=X vs. EUR=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GBP=X USD/GBP	1.65%	-7.12%	1.75%	-5.00%	11.89%	0.95%	-2.94%	-3.80%	5.93%	-8.65%
EUR=X USD/EUR	1.85%	-7.15%	1.76%	-4.93%	11.68%	1.11%	-3.05%	-3.54%	5.73%	-8.54%

Different Trading Currencies

GBP=X is traded in GBP, while EUR=X is traded in EUR. To make them comparable, the EUR=X values have been converted to GBP using the latest available exchange rates.

Returns By Period

In the year-to-date period, GBP=X achieves a 1.65% return, which is significantly lower than EUR=X's 1.89% return. Both investments have delivered pretty close results over the past 10 years, with GBP=X having a 0.71% annualized return and EUR=X not far ahead at 0.74%.

GBP=X

• 1D: -0.23%
• 1M: 1.13%
• YTD: 1.65%
• 6M: 1.69%
• 1Y: -2.51%
• 3Y*: -2.37%
• 5Y*: 0.86%
• 10Y*: 0.71%

EUR=X

• 1D: 0.03%
• 1M: 1.37%
• YTD: 1.89%
• 6M: 1.94%
• 1Y: -2.27%
• 3Y*: -2.29%
• 5Y*: 0.90%
• 10Y*: 0.74%

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

Return for Risk

GBP=X vs. EUR=X — Risk / Return Rank

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

GBP=X

GBP=X Risk / Return Rank: 51
GBP=X Sharpe Ratio Rank: 40
GBP=X Sortino Ratio Rank: 39
GBP=X Omega Ratio Rank: 42
GBP=X Calmar Ratio Rank: 67
GBP=X Martin Ratio Rank: 66

EUR=X

EUR=X Risk / Return Rank: 26
EUR=X Sharpe Ratio Rank: 18
EUR=X Sortino Ratio Rank: 19
EUR=X Omega Ratio Rank: 18
EUR=X Calmar Ratio Rank: 37
EUR=X Martin Ratio Rank: 36

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.

GBP=X vs. EUR=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD/GBP (GBP=X) and USD/EUR (EUR=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.

	GBP=X	EUR=X	Difference
Sharpe ratio Return per unit of total volatility	-0.30	-0.27	-0.03
Sortino ratio Return per unit of downside risk	-0.38	-0.34	-0.04
Omega ratio Gain probability vs. loss probability	0.96	0.96	0.00
Calmar ratio Return relative to maximum drawdown	0.37	0.41	-0.04
Martin ratio Return relative to average drawdown	0.90	0.99	-0.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBP=X vs. EUR=X - Sharpe Ratio Comparison

The current GBP=X Sharpe Ratio is -0.30, which is comparable to the EUR=X Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of GBP=X and EUR=X, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GBP=X	EUR=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.30	-0.27	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.10	0.10	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.07	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.21	+0.01

Correlation

The correlation between GBP=X and EUR=X is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

GBP=X vs. EUR=X - Drawdown Comparison

The maximum GBP=X drawdown since its inception was -22.85%, roughly equal to the maximum EUR=X drawdown of -22.88%. Use the drawdown chart below to compare losses from any high point for GBP=X and EUR=X.

Drawdown Indicators

	GBP=X	EUR=X	Difference
Max Drawdown Largest peak-to-trough decline	-22.85%	-20.32%	-2.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.11%	-10.07%	+1.96%
Max Drawdown (5Y) Largest decline over 5 years	-22.85%	-20.32%	-2.53%
Max Drawdown (10Y) Largest decline over 10 years	-22.85%	-20.32%	-2.53%
Current Drawdown Current decline from peak	-19.40%	-17.06%	-2.34%
Average Drawdown Average peak-to-trough decline	-10.98%	-9.52%	-1.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	2.39%	+0.09%

Volatility

GBP=X vs. EUR=X - Volatility Comparison

USD/GBP (GBP=X) has a higher volatility of 2.74% compared to USD/EUR (EUR=X) at 2.58%. This indicates that GBP=X's price experiences larger fluctuations and is considered to be riskier than EUR=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBP=X	EUR=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.74%	2.58%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	4.68%	4.60%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	6.73%	6.72%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.25%	8.15%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.29%	9.29%	0.00%