GBPUSD=X vs. NZDUSD=X
GBPUSD=X (GBP/USD) and NZDUSD=X (New Zealand Dollar/US Dollar FX) are both currencies. Over the past 10 years, GBPUSD=X returned 0.29%/yr vs -1.94%/yr for NZDUSD=X. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
GBPUSD=X vs. NZDUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, GBPUSD=X achieves a 0.22% return, which is significantly lower than NZDUSD=X's 2.50% return. Over the past 10 years, GBPUSD=X has outperformed NZDUSD=X with an annualized return of 0.29%, while NZDUSD=X has yielded a comparatively lower -1.94% 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%
NZDUSD=X
- 1D
- 0.19%
- 1M
- 3.42%
- 6M
- -1.96%
- YTD
- 2.50%
- 1Y
- -0.24%
- 3Y*
- -0.99%
- 5Y*
- -3.41%
- 10Y*
- -1.94%
- ALL TIME*
- -0.82%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GBPUSD=X GBP/USD | $352.83K | $353.27K | $351.43K |
NZDUSD=X New Zealand Dollar/US Dollar FX | $75.19K | $73.22K | $85.22K |
GBPUSD=X vs. NZDUSD=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% |
NZDUSD=X New Zealand Dollar/US Dollar FX | 2.50% | 2.87% | -11.45% | -0.44% | -7.32% | -4.75% | 6.74% | 0.43% | -5.48% | 2.51% |
Correlation
The correlation between GBPUSD=X and NZDUSD=X is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.71 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Sep 10, 2007 | 0.53 |
Over the past year, GBPUSD=X and NZDUSD=X have become more correlated (0.75) than their long-term average of 0.53, meaning their price movements have been converging.
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Return for Risk
GBPUSD=X vs. NZDUSD=X — Risk / Return Rank
GBPUSD=X
NZDUSD=X
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.
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 | NZDUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.00 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.26 | -0.03 | +0.29 |
| Martin ratioReturn relative to average drawdown | 0.48 | -0.05 | +0.53 |
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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.
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Drawdown Indicators
| GBPUSD=X | NZDUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.29% | -39.83% | -9.46% |
Max Drawdown (1Y)Largest decline over 1 year | -4.89% | -7.34% | +2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -9.34% | -12.88% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.27% | -23.19% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -25.46% | -26.48% | +1.02% |
Current DrawdownCurrent decline from peak | -36.01% | -33.15% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -31.48% | -19.84% | -11.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 3.31% | -0.68% |
Volatility
GBPUSD=X vs. NZDUSD=X - Volatility Comparison
The current volatility for GBP/USD (GBPUSD=X) is 1.88%, while New Zealand Dollar/US Dollar FX (NZDUSD=X) has a volatility of 2.36%. 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.
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Volatility by Period
| GBPUSD=X | NZDUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 2.36% | -0.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.71% | 6.68% | -1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.17% | 8.17% | -2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.21% | 9.96% | -1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.55% | 9.60% | -1.05% |
Frequently Asked Questions
GBPUSD=X and NZDUSD=X have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NZDUSD=X has higher volatility (2.36%) compared to GBPUSD=X (1.88%). In terms of maximum drawdown, GBPUSD=X dropped -49.29% vs NZDUSD=X's -39.83%.
GBPUSD=X currently has the higher Sharpe Ratio (0.21 vs -0.02), 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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