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 0.14%/yr vs 0.32%/yr for EURUSD=X. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
GBPUSD=X vs. EURUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, GBPUSD=X achieves a -0.77% return, which is significantly higher than EURUSD=X's -3.07% return. Over the past 10 years, GBPUSD=X has underperformed EURUSD=X with an annualized return of 0.14%, while EURUSD=X has yielded a comparatively higher 0.32% annualized return.
GBPUSD=X
- 1D
- -0.20%
- 1M
- -0.31%
- 6M
- -0.80%
- YTD
- -0.77%
- 1Y
- -0.95%
- 3Y*
- 0.66%
- 5Y*
- -0.74%
- 10Y*
- 0.14%
EURUSD=X
- 1D
- -0.11%
- 1M
- -1.57%
- 6M
- -2.41%
- YTD
- -3.07%
- 1Y
- -2.51%
- 3Y*
- 0.47%
- 5Y*
- -0.77%
- 10Y*
- 0.32%
GBPUSD=X vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBPUSD=X GBP/USD | -0.77% | 7.55% | -1.67% | 5.28% | -10.69% | -0.91% | 3.06% | 4.01% | -5.66% | 9.52% |
EURUSD=X Euro / U.S. Dollar | -3.07% | 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, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 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.
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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 | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.95 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | -0.36 | +0.20 |
| Martin ratioReturn relative to average drawdown | -0.29 | -0.75 | +0.46 |
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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.
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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% | -8.83% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.41% | -19.28% | -4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -25.46% | -23.31% | -2.15% |
Current DrawdownCurrent decline from peak | -36.64% | -28.80% | -7.84% |
Average DrawdownAverage peak-to-trough decline | -31.35% | -23.59% | -7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.61% | 2.86% | -0.25% |
Volatility
GBPUSD=X vs. EURUSD=X - Volatility Comparison
GBP/USD (GBPUSD=X) has a higher volatility of 1.04% compared to Euro / U.S. Dollar (EURUSD=X) at 0.98%. 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.
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Volatility by Period
| GBPUSD=X | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.98% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 4.63% | 4.01% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.13% | 5.81% | +0.32% |
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 | 8.58% | 7.09% | +1.49% |
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 (1.04%) compared to EURUSD=X (0.98%). In terms of maximum drawdown, GBPUSD=X dropped -49.29% vs EURUSD=X's -40.01%.
GBPUSD=X currently has the higher Sharpe Ratio (-0.12 vs -0.35), 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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