GBPUSD=X vs. ^NDX
GBPUSD=X (GBP/USD) is a currency, while ^NDX (NASDAQ 100 Index) is an index. Over the past 10 years, GBPUSD=X returned -0.52%/yr vs 20.95%/yr for ^NDX. At a 0.21 correlation, their price movements are largely independent.
Performance
GBPUSD=X vs. ^NDX - Performance Comparison
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Returns By Period
In the year-to-date period, GBPUSD=X achieves a -0.45% return, which is significantly lower than ^NDX's 17.37% return. Over the past 10 years, GBPUSD=X has underperformed ^NDX with an annualized return of -0.52%, while ^NDX has yielded a comparatively higher 20.95% annualized return.
GBPUSD=X
- 1D
- -0.16%
- 1M
- -0.95%
- YTD
- -0.45%
- 6M
- 0.22%
- 1Y
- -1.60%
- 3Y*
- 2.03%
- 5Y*
- -1.04%
- 10Y*
- -0.52%
^NDX
- 1D
- 0.64%
- 1M
- 0.92%
- YTD
- 17.37%
- 6M
- 17.62%
- 1Y
- 35.24%
- 3Y*
- 25.76%
- 5Y*
- 16.18%
- 10Y*
- 20.95%
GBPUSD=X vs. ^NDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBPUSD=X GBP/USD | -0.45% | 7.55% | -1.67% | 5.28% | -10.69% | -0.91% | 3.06% | 4.01% | -5.66% | 9.52% |
^NDX NASDAQ 100 Index | 17.37% | 20.17% | 24.88% | 53.81% | -32.97% | 26.63% | 47.58% | 37.96% | -1.04% | 31.52% |
Correlation
The correlation between GBPUSD=X and ^NDX is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007 | 0.21 |
The correlation between GBPUSD=X and ^NDX shifts across timeframes, from 0.21 (10 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GBPUSD=X vs. ^NDX — Risk / Return Rank
GBPUSD=X
^NDX
GBPUSD=X vs. ^NDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GBP/USD (GBPUSD=X) and NASDAQ 100 Index (^NDX). 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.
| GBPUSD=X | ^NDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.36 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 2.92 | -3.17 |
| Martin ratioReturn relative to average drawdown | -0.47 | 10.85 | -11.32 |
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Drawdowns
GBPUSD=X vs. ^NDX - Drawdown Comparison
The maximum GBPUSD=X drawdown since its inception was -49.29%, smaller than the maximum ^NDX drawdown of -82.90%. Use the drawdown chart below to compare losses from any high point for GBPUSD=X and ^NDX.
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Drawdown Indicators
| GBPUSD=X | ^NDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.29% | -82.90% | +33.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.26% | -12.12% | +6.86% |
Max Drawdown (3Y)Largest decline over 3 years | -9.34% | -22.93% | +13.59% |
Max Drawdown (5Y)Largest decline over 5 years | -24.23% | -35.56% | +11.33% |
Max Drawdown (10Y)Largest decline over 10 years | -27.99% | -35.56% | +7.57% |
Current DrawdownCurrent decline from peak | -36.44% | -3.34% | -33.10% |
Average DrawdownAverage peak-to-trough decline | -31.18% | -24.61% | -6.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.56% | 3.26% | -0.70% |
Volatility
GBPUSD=X vs. ^NDX - Volatility Comparison
The current volatility for GBP/USD (GBPUSD=X) is 1.22%, while NASDAQ 100 Index (^NDX) has a volatility of 7.51%. This indicates that GBPUSD=X experiences smaller price fluctuations and is considered to be less risky than ^NDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBPUSD=X | ^NDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 7.51% | -6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 4.96% | 13.84% | -8.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.25% | 17.29% | -11.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.24% | 22.76% | -14.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.09% | 22.61% | -13.52% |
Frequently Asked Questions
GBPUSD=X and ^NDX have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^NDX has higher volatility (7.51%) compared to GBPUSD=X (1.22%). In terms of maximum drawdown, GBPUSD=X dropped -49.29% vs ^NDX's -82.90%.
^NDX currently has the higher Sharpe Ratio (2.05 vs -0.21), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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