IE00BFPM9N11.EUFUND vs. USD=X
IE00BFPM9N11.EUFUND (Vanguard Global Stock Index Fund Institutional Plus EUR Acc) is Global Equities fund managed by Vanguard, while USD=X (USD Cash) is a currency. Over the past 10 years, IE00BFPM9N11.EUFUND returned 12.73%/yr vs -0.30%/yr for USD=X. At a 0.22 correlation, their price movements are largely independent.
Performance
IE00BFPM9N11.EUFUND vs. USD=X - Performance Comparison
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Different Trading Currencies
IE00BFPM9N11.EUFUND is traded in EUR, while USD=X is traded in USD. To make them comparable, the USD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, IE00BFPM9N11.EUFUND achieves a 11.37% return, which is significantly higher than USD=X's 1.54% return. Over the past 10 years, IE00BFPM9N11.EUFUND has outperformed USD=X with an annualized return of 12.73%, while USD=X has yielded a comparatively lower -0.30% annualized return.
IE00BFPM9N11.EUFUND
- 1D
- -0.37%
- 1M
- 2.41%
- YTD
- 11.37%
- 6M
- 11.93%
- 1Y
- 24.04%
- 3Y*
- 17.53%
- 5Y*
- 12.74%
- 10Y*
- 12.73%
USD=X
- 1D
- 0.00%
- 1M
- 0.89%
- YTD
- 1.54%
- 6M
- 1.48%
- 1Y
- -0.15%
- 3Y*
- -1.84%
- 5Y*
- 0.95%
- 10Y*
- -0.30%
IE00BFPM9N11.EUFUND vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IE00BFPM9N11.EUFUND Vanguard Global Stock Index Fund Institutional Plus EUR Acc | 11.37% | 6.73% | 26.59% | 19.63% | -12.79% | 31.07% | 6.32% | 30.03% | -4.16% | 7.47% |
USD=X USD Cash | 1.54% | -11.87% | 6.60% | -3.00% | 6.20% | 7.48% | -8.24% | 2.26% | 4.69% | -12.29% |
Correlation
The correlation between IE00BFPM9N11.EUFUND and USD=X is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.04 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2013 | 0.22 |
The correlation between IE00BFPM9N11.EUFUND and USD=X shifts across timeframes, from -0.03 (1 year) to 0.22 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IE00BFPM9N11.EUFUND vs. USD=X — Risk / Return Rank
IE00BFPM9N11.EUFUND
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IE00BFPM9N11.EUFUND vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) and USD Cash (USD=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.
| IE00BFPM9N11.EUFUND | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.31 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.00 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | -0.03 | +3.53 |
| Martin ratioReturn relative to average drawdown | 14.67 | -0.06 | +14.73 |
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Drawdowns
IE00BFPM9N11.EUFUND vs. USD=X - Drawdown Comparison
The maximum IE00BFPM9N11.EUFUND drawdown since its inception was -33.75%, which is greater than USD=X's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for IE00BFPM9N11.EUFUND and USD=X.
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Drawdown Indicators
| IE00BFPM9N11.EUFUND | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.75% | -20.32% | -13.43% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -5.33% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -15.23% | -5.06% |
Max Drawdown (5Y)Largest decline over 5 years | -20.29% | -20.32% | +0.03% |
Max Drawdown (10Y)Largest decline over 10 years | -33.75% | -20.32% | -13.43% |
Current DrawdownCurrent decline from peak | -0.37% | -17.06% | +16.69% |
Average DrawdownAverage peak-to-trough decline | -4.35% | -9.47% | +5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.57% | 1.90% | -0.33% |
Volatility
IE00BFPM9N11.EUFUND vs. USD=X - Volatility Comparison
Vanguard Global Stock Index Fund Institutional Plus EUR Acc (IE00BFPM9N11.EUFUND) has a higher volatility of 2.24% compared to USD Cash (USD=X) at 1.24%. This indicates that IE00BFPM9N11.EUFUND's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IE00BFPM9N11.EUFUND | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.24% | 1.24% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 7.43% | 4.55% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.12% | 5.38% | +4.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 6.44% | +7.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.12% | 6.20% | +8.92% |
Frequently Asked Questions
IE00BFPM9N11.EUFUND and USD=X have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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