GBPUSD=X vs. EURUSD=X
GBPUSD=X (GBP/USD) and EURUSD=X (Euro / U.S. Dollar) are both currencies. Over the past 10 years, GBPUSD=X returned 0.29%/yr vs 0.37%/yr for EURUSD=X. Their 0.62 correlation means they have sometimes moved together and sometimes differently.
Performance
GBPUSD=X vs. EURUSD=X - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GBPUSD=X achieves a 0.22% return, which is significantly higher than EURUSD=X's -1.75% return. Over the past 10 years, GBPUSD=X has underperformed EURUSD=X with an annualized return of 0.29%, while EURUSD=X has yielded a comparatively higher 0.37% annualized return.
GBPUSD=X
- 1D
- 0.08%
- 1M
- 1.06%
- 6M
- -1.43%
- YTD
- 0.22%
- 1Y
- 1.61%
- 3Y*
- 2.00%
- 5Y*
- -0.62%
- 10Y*
- 0.29%
- ALL TIME*
- -2.14%
EURUSD=X
- 1D
- 0.08%
- 1M
- 0.90%
- 6M
- -2.70%
- YTD
- -1.75%
- 1Y
- -0.41%
- 3Y*
- 1.77%
- 5Y*
- -0.55%
- 10Y*
- 0.37%
- ALL TIME*
- -0.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
EURUSD=X Euro / U.S. Dollar | $111.18K | $129.94K | $143.60K |
GBPUSD=X GBP/USD | $352.83K | $353.27K | $351.43K |
GBPUSD=X vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBPUSD=X GBP/USD | 0.22% | 7.55% | -1.67% | 5.28% | -10.69% | -0.91% | 3.06% | 4.01% | -5.66% | 9.52% |
EURUSD=X Euro / U.S. Dollar | -1.75% | 13.43% | -6.18% | 3.16% | -6.01% | -6.81% | 8.85% | -1.94% | -4.66% | 14.14% |
Correlation
The correlation between GBPUSD=X and EURUSD=X is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.80 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2007 | 0.62 |
Over the past year, GBPUSD=X and EURUSD=X have become more correlated (0.85) than their long-term average of 0.62, meaning their price movements have been converging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GBPUSD=X vs. EURUSD=X — Risk / Return Rank
GBPUSD=X
EURUSD=X
GBPUSD=X vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GBP/USD (GBPUSD=X) and Euro / U.S. Dollar (EURUSD=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.
| GBPUSD=X | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.99 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | -0.06 | +0.32 |
| Martin ratioReturn relative to average drawdown | 0.48 | -0.11 | +0.60 |
Loading charts...
Drawdowns
GBPUSD=X vs. EURUSD=X - Drawdown Comparison
The maximum GBPUSD=X drawdown since its inception was -49.29%, which is greater than EURUSD=X's maximum drawdown of -40.01%. Use the drawdown chart below to compare losses from any high point for GBPUSD=X and EURUSD=X.
Loading charts...
Drawdown Indicators
| GBPUSD=X | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.29% | -40.01% | -9.28% |
Max Drawdown (1Y)Largest decline over 1 year | -4.89% | -5.67% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -9.34% | -8.48% | -0.86% |
Max Drawdown (5Y)Largest decline over 5 years | -23.27% | -19.24% | -4.03% |
Max Drawdown (10Y)Largest decline over 10 years | -25.46% | -23.31% | -2.15% |
Current DrawdownCurrent decline from peak | -36.01% | -27.83% | -8.18% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -23.68% | -7.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.03% | -0.40% |
Volatility
GBPUSD=X vs. EURUSD=X - Volatility Comparison
GBP/USD (GBPUSD=X) has a higher volatility of 1.88% compared to Euro / U.S. Dollar (EURUSD=X) at 1.26%. This indicates that GBPUSD=X's price experiences larger fluctuations and is considered to be riskier than EURUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GBPUSD=X | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 1.26% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 3.87% | +0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 5.41% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.21% | 7.39% | +0.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.55% | 7.07% | +1.48% |
Frequently Asked Questions
GBPUSD=X and EURUSD=X have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GBPUSD=X has higher volatility (1.88%) compared to EURUSD=X (1.26%). In terms of maximum drawdown, GBPUSD=X dropped -49.29% vs EURUSD=X's -40.01%.
GBPUSD=X currently has the higher Sharpe Ratio (0.21 vs -0.06), 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.
Find the right allocation for GBPUSD=X and EURUSD=X
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer