GBPUSD=X vs. NZDUSD=X

Last updated Apr 3, 2026

Compare and contrast key facts about GBP/USD (GBPUSD=X) and New Zealand Dollar/US Dollar FX (NZDUSD=X).

Performance

GBPUSD=X vs. NZDUSD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GBP/USD (GBPUSD=X) and New Zealand Dollar/US Dollar FX (NZDUSD=X). The values are adjusted to include any dividend payments, if applicable.

GBPUSD=X vs. NZDUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GBPUSD=X GBP/USD	-1.65%	7.55%	-1.67%	5.28%	-10.69%	-0.91%	3.06%	4.01%	-5.66%	9.52%
NZDUSD=X New Zealand Dollar/US Dollar FX	-0.57%	2.87%	-11.45%	-0.44%	-7.32%	-4.75%	6.74%	0.43%	-5.48%	2.51%

Returns By Period

In the year-to-date period, GBPUSD=X achieves a -1.65% return, which is significantly lower than NZDUSD=X's -0.57% return. Over the past 10 years, GBPUSD=X has outperformed NZDUSD=X with an annualized return of -0.75%, while NZDUSD=X has yielded a comparatively lower -1.85% annualized return.

GBPUSD=X

• 1D: -0.48%
• 1M: -0.90%
• YTD: -1.65%
• 6M: -1.51%
• 1Y: 1.82%
• 3Y*: 2.17%
• 5Y*: -0.86%
• 10Y*: -0.75%

NZDUSD=X

• 1D: -0.41%
• 1M: -3.62%
• YTD: -0.57%
• 6M: -1.63%
• 1Y: 0.39%
• 3Y*: -2.92%
• 5Y*: -4.04%
• 10Y*: -1.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GBPUSD=X vs. NZDUSD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GBPUSD=X

GBPUSD=X Risk / Return Rank: 38
GBPUSD=X Sharpe Ratio Rank: 51
GBPUSD=X Sortino Ratio Rank: 51
GBPUSD=X Omega Ratio Rank: 50
GBPUSD=X Calmar Ratio Rank: 20
GBPUSD=X Martin Ratio Rank: 17

NZDUSD=X

NZDUSD=X Risk / Return Rank: 35
NZDUSD=X Sharpe Ratio Rank: 48
NZDUSD=X Sortino Ratio Rank: 48
NZDUSD=X Omega Ratio Rank: 48
NZDUSD=X Calmar Ratio Rank: 16
NZDUSD=X Martin Ratio Rank: 14

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.

GBPUSD=X vs. NZDUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GBP/USD (GBPUSD=X) and New Zealand Dollar/US Dollar FX (NZDUSD=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.

	GBPUSD=X	NZDUSD=X	Difference
Sharpe ratio Return per unit of total volatility	0.22	0.03	+0.18
Sortino ratio Return per unit of downside risk	0.36	0.11	+0.25
Omega ratio Gain probability vs. loss probability	1.04	1.01	+0.03
Calmar ratio Return relative to maximum drawdown	-0.53	-0.60	+0.07
Martin ratio Return relative to average drawdown	-1.03	-1.16	+0.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GBPUSD=X vs. NZDUSD=X - Sharpe Ratio Comparison

The current GBPUSD=X Sharpe Ratio is 0.22, which is higher than the NZDUSD=X Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of GBPUSD=X and NZDUSD=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

	GBPUSD=X	NZDUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	0.03	+0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	-0.38	+0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.08	-0.18	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	-0.22	-0.10	-0.12

Correlation

The correlation between GBPUSD=X and NZDUSD=X is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Drawdowns

GBPUSD=X vs. NZDUSD=X - Drawdown Comparison

The maximum GBPUSD=X drawdown since its inception was -49.29%, which is greater than NZDUSD=X's maximum drawdown of -39.83%. Use the drawdown chart below to compare losses from any high point for GBPUSD=X and NZDUSD=X.

Drawdown Indicators

	GBPUSD=X	NZDUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-49.29%	-39.83%	-9.46%
Max Drawdown (1Y) Largest decline over 1 year	-5.26%	-8.48%	+3.22%
Max Drawdown (5Y) Largest decline over 5 years	-24.78%	-24.17%	-0.61%
Max Drawdown (10Y) Largest decline over 10 years	-27.99%	-26.48%	-1.51%
Current Drawdown Current decline from peak	-37.20%	-35.15%	-2.05%
Average Drawdown Average peak-to-trough decline	-30.76%	-19.29%	-11.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.69%	4.37%	-1.68%

Volatility

GBPUSD=X vs. NZDUSD=X - Volatility Comparison

The current volatility for GBP/USD (GBPUSD=X) is 2.56%, while New Zealand Dollar/US Dollar FX (NZDUSD=X) has a volatility of 3.36%. This indicates that GBPUSD=X experiences smaller price fluctuations and is considered to be less risky than NZDUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GBPUSD=X	NZDUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.56%	3.36%	-0.80%
Volatility (6M) Calculated over the trailing 6-month period	4.64%	5.93%	-1.29%
Volatility (1Y) Calculated over the trailing 1-year period	6.79%	9.08%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.28%	10.01%	-1.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.14%	9.77%	-0.63%