GBPUSD=X vs. NZDUSD=X
Compare and contrast key facts about GBP/USD (GBPUSD=X) and New Zealand Dollar/US Dollar FX (NZDUSD=X).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GBPUSD=X or NZDUSD=X.
Correlation
The correlation between GBPUSD=X and NZDUSD=X is 0.21, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GBPUSD=X vs. NZDUSD=X - Performance Comparison
Key characteristics
GBPUSD=X:
0.61
NZDUSD=X:
-0.07
GBPUSD=X:
0.92
NZDUSD=X:
-0.04
GBPUSD=X:
1.11
NZDUSD=X:
1.00
GBPUSD=X:
0.10
NZDUSD=X:
-0.02
GBPUSD=X:
1.02
NZDUSD=X:
-0.09
GBPUSD=X:
4.34%
NZDUSD=X:
8.12%
GBPUSD=X:
7.08%
NZDUSD=X:
9.06%
GBPUSD=X:
-49.30%
NZDUSD=X:
-39.67%
GBPUSD=X:
-36.92%
NZDUSD=X:
-32.50%
Returns By Period
In the year-to-date period, GBPUSD=X achieves a 6.24% return, which is significantly higher than NZDUSD=X's 5.60% return. Over the past 10 years, GBPUSD=X has outperformed NZDUSD=X with an annualized return of -1.37%, while NZDUSD=X has yielded a comparatively lower -2.25% annualized return.
GBPUSD=X
6.24%
2.73%
2.57%
6.44%
1.30%
-1.37%
NZDUSD=X
5.60%
4.25%
-0.52%
0.25%
-0.36%
-2.25%
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Risk-Adjusted Performance
GBPUSD=X vs. NZDUSD=X — Risk-Adjusted Performance Rank
GBPUSD=X
NZDUSD=X
GBPUSD=X vs. NZDUSD=X - Risk-Adjusted Performance 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.
Drawdowns
GBPUSD=X vs. NZDUSD=X - Drawdown Comparison
The maximum GBPUSD=X drawdown since its inception was -49.30%, which is greater than NZDUSD=X's maximum drawdown of -39.67%. Use the drawdown chart below to compare losses from any high point for GBPUSD=X and NZDUSD=X. For additional features, visit the drawdowns tool.
Volatility
GBPUSD=X vs. NZDUSD=X - Volatility Comparison
The current volatility for GBP/USD (GBPUSD=X) is 2.93%, while New Zealand Dollar/US Dollar FX (NZDUSD=X) has a volatility of 5.20%. 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.