MXNUSD=X vs. EURUSD=X
MXNUSD=X (MXN/USD) and EURUSD=X (Euro / U.S. Dollar) are both currencies. Over the past 10 years, MXNUSD=X returned 0.70%/yr vs 0.40%/yr for EURUSD=X. At a 0.35 correlation, their price movements are largely independent.
Performance
MXNUSD=X vs. EURUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, MXNUSD=X achieves a 3.62% return, which is significantly higher than EURUSD=X's -2.32% return. Over the past 10 years, MXNUSD=X has outperformed EURUSD=X with an annualized return of 0.70%, while EURUSD=X has yielded a comparatively lower 0.40% annualized return.
MXNUSD=X
- 1D
- 0.15%
- 1M
- -0.97%
- 6M
- 2.35%
- YTD
- 3.62%
- 1Y
- 8.35%
- 3Y*
- -1.24%
- 5Y*
- 2.73%
- 10Y*
- 0.70%
EURUSD=X
- 1D
- 0.46%
- 1M
- -1.00%
- 6M
- -1.48%
- YTD
- -2.32%
- 1Y
- -1.12%
- 3Y*
- 0.73%
- 5Y*
- -0.56%
- 10Y*
- 0.40%
MXNUSD=X vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXNUSD=X MXN/USD | 3.62% | 15.65% | -18.53% | 14.83% | 5.29% | -3.10% | -4.83% | 3.73% | 0.35% | 5.25% |
EURUSD=X Euro / U.S. Dollar | -2.32% | 13.43% | -6.18% | 3.16% | -6.01% | -6.81% | 8.85% | -1.94% | -4.66% | 14.14% |
Correlation
The correlation between MXNUSD=X and EURUSD=X is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2007 | 0.35 |
Over the past year, MXNUSD=X and EURUSD=X have become more correlated (0.61) than their long-term average of 0.35, meaning their price movements have been converging.
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Return for Risk
MXNUSD=X vs. EURUSD=X — Risk / Return Rank
MXNUSD=X
EURUSD=X
MXNUSD=X vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MXN/USD (MXNUSD=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.
| MXNUSD=X | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.98 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.16 | +1.37 |
| Martin ratioReturn relative to average drawdown | 4.20 | -0.33 | +4.53 |
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Drawdowns
MXNUSD=X vs. EURUSD=X - Drawdown Comparison
The maximum MXNUSD=X drawdown since its inception was -61.16%, 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 MXNUSD=X and EURUSD=X.
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Drawdown Indicators
| MXNUSD=X | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.16% | -40.01% | -21.15% |
Max Drawdown (1Y)Largest decline over 1 year | -5.52% | -5.67% | +0.15% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -8.83% | -12.87% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -19.28% | -2.42% |
Max Drawdown (10Y)Largest decline over 10 years | -31.20% | -23.31% | -7.89% |
Current DrawdownCurrent decline from peak | -43.26% | -28.25% | -15.01% |
Average DrawdownAverage peak-to-trough decline | -37.07% | -23.60% | -13.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.81% | -1.11% |
Volatility
MXNUSD=X vs. EURUSD=X - Volatility Comparison
MXN/USD (MXNUSD=X) has a higher volatility of 2.07% compared to Euro / U.S. Dollar (EURUSD=X) at 1.15%. This indicates that MXNUSD=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
| MXNUSD=X | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 1.15% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.46% | 4.02% | +2.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.69% | 5.83% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.34% | 7.39% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.20% | 7.09% | +5.11% |
Frequently Asked Questions
MXNUSD=X and EURUSD=X have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXNUSD=X has higher volatility (2.07%) compared to EURUSD=X (1.15%). In terms of maximum drawdown, MXNUSD=X dropped -61.16% vs EURUSD=X's -40.01%.
MXNUSD=X currently has the higher Sharpe Ratio (0.87 vs -0.15), 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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