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 -0.34%/yr vs 0.26%/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 -1.91% return, which is significantly higher than EURUSD=X's -3.15% return. Over the past 10 years, GBPUSD=X has underperformed EURUSD=X with an annualized return of -0.34%, while EURUSD=X has yielded a comparatively higher 0.26% annualized return.
GBPUSD=X
- 1D
- -0.38%
- 1M
- -2.06%
- YTD
- -1.91%
- 6M
- -2.36%
- 1Y
- -2.39%
- 3Y*
- 1.25%
- 5Y*
- -1.05%
- 10Y*
- -0.34%
EURUSD=X
- 1D
- -0.46%
- 1M
- -2.24%
- YTD
- -3.15%
- 6M
- -3.54%
- 1Y
- -1.73%
- 3Y*
- 1.46%
- 5Y*
- -0.95%
- 10Y*
- 0.26%
GBPUSD=X vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBPUSD=X GBP/USD | -1.91% | 7.55% | -1.67% | 5.28% | -10.69% | -0.91% | 3.06% | 4.01% | -5.66% | 9.52% |
EURUSD=X Euro / U.S. Dollar | -3.15% | 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 0.83, 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 | 0.83 |
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 Jul 24, 2007 | 0.62 |
Over the past year, GBPUSD=X and EURUSD=X have become more correlated (0.83) 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 | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.96 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.25 | -0.11 |
| Martin ratioReturn relative to average drawdown | -0.69 | -0.57 | -0.11 |
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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 | -5.26% | -5.52% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -9.34% | -8.83% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -23.41% | -19.63% | -3.78% |
Max Drawdown (10Y)Largest decline over 10 years | -25.46% | -23.31% | -2.15% |
Current DrawdownCurrent decline from peak | -37.37% | -28.86% | -8.51% |
Average DrawdownAverage peak-to-trough decline | -31.25% | -23.49% | -7.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.63% | +0.04% |
Volatility
GBPUSD=X vs. EURUSD=X - Volatility Comparison
GBP/USD (GBPUSD=X) has a higher volatility of 1.66% compared to Euro / U.S. Dollar (EURUSD=X) at 1.46%. 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 | 1.66% | 1.46% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.83% | 4.25% | +0.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.25% | 5.89% | +0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.23% | 7.40% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.72% | 7.10% | +1.62% |
Frequently Asked Questions
GBPUSD=X and EURUSD=X have a correlation of 0.83, 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 (1.66%) compared to EURUSD=X (1.46%). In terms of maximum drawdown, GBPUSD=X dropped -49.29% vs EURUSD=X's -40.01%.
EURUSD=X currently has the higher Sharpe Ratio (-0.24 vs -0.31), 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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