GBP=X vs. EUR=X

Last updated Apr 3, 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	1.87%	-7.12%	1.75%	-5.00%	11.89%	0.95%	-2.94%	-3.80%	5.93%	-8.65%
EUR=X USD/EUR	1.88%	-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

The year-to-date returns for both investments are quite close, with GBP=X having a 1.87% return and EUR=X slightly higher at 1.88%. Over a longer period, both investments have demonstrated similar performance, with their 10-year annualized returns being quite close: GBP=X at 0.76% and EUR=X at 0.76%.

GBP=X

• 1D: 0.61%
• 1M: 0.99%
• YTD: 1.87%
• 6M: 1.61%
• 1Y: -1.71%
• 3Y*: -2.08%
• 5Y*: 0.90%
• 10Y*: 0.76%

EUR=X

• 1D: 0.61%
• 1M: 0.99%
• YTD: 1.88%
• 6M: 1.64%
• 1Y: -1.89%
• 3Y*: -2.06%
• 5Y*: 0.90%
• 10Y*: 0.76%

*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: 55
GBP=X Sharpe Ratio Rank: 46
GBP=X Sortino Ratio Rank: 44
GBP=X Omega Ratio Rank: 45
GBP=X Calmar Ratio Rank: 71
GBP=X Martin Ratio Rank: 71

EUR=X

EUR=X Risk / Return Rank: 36
EUR=X Sharpe Ratio Rank: 22
EUR=X Sortino Ratio Rank: 25
EUR=X Omega Ratio Rank: 22
EUR=X Calmar Ratio Rank: 57
EUR=X Martin Ratio Rank: 56

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	-0.20	-0.23	+0.02
Sortino ratio Return per unit of downside risk	-0.24	-0.27	+0.03
Omega ratio Gain probability vs. loss probability	0.97	0.97	0.00
Calmar ratio Return relative to maximum drawdown	0.50	0.51	-0.01
Martin ratio Return relative to average drawdown	1.19	1.22	-0.03
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 -0.20, which is comparable to the EUR=X Sharpe Ratio of -0.23. 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	-0.20	-0.23	+0.02
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	0.08	0.08	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%	-9.38%	+1.27%
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	-19.22%	-16.83%	-2.39%
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 2.60% compared to USD/EUR (EUR=X) at 2.47%. 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	2.60%	2.47%	+0.13%
Volatility (6M) Calculated over the trailing 6-month period	4.71%	4.63%	+0.08%
Volatility (1Y) Calculated over the trailing 1-year period	6.77%	6.76%	+0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.26%	8.16%	+0.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.29%	9.29%	0.00%