MXNUSD=X vs. HG=F
MXNUSD=X (MXN/USD) is a currency, while HG=F (Copper) is an asset. At a 0.05 correlation, their price movements are largely independent.
Performance
MXNUSD=X vs. HG=F - Performance Comparison
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Returns By Period
MXNUSD=X
- 1D
- 0.10%
- 1M
- -0.28%
- YTD
- 4.58%
- 6M
- 4.56%
- 1Y
- 9.66%
- 3Y*
- 0.02%
- 5Y*
- 2.90%
- 10Y*
- 0.93%
HG=F
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MXNUSD=X vs. HG=F - Yearly Performance Comparison
Correlation
The correlation between MXNUSD=X and HG=F is 0.05, 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 (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.05 |
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Return for Risk
MXNUSD=X vs. HG=F — Risk / Return Rank
MXNUSD=X
HG=F
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MXNUSD=X vs. HG=F - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MXN/USD (MXNUSD=X) and Copper (HG=F). 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 | HG=F | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.19 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | — | — |
| Martin ratioReturn relative to average drawdown | 5.15 | — | — |
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Drawdowns
MXNUSD=X vs. HG=F - Drawdown Comparison
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Drawdown Indicators
| MXNUSD=X | HG=F | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.16% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -5.52% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.20% | — | — |
Current DrawdownCurrent decline from peak | -42.73% | — | — |
Average DrawdownAverage peak-to-trough decline | -36.86% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.60% | — | — |
Volatility
MXNUSD=X vs. HG=F - Volatility Comparison
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Volatility by Period
| MXNUSD=X | HG=F | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 6.86% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 7.60% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.45% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.39% | — | — |
Frequently Asked Questions
MXNUSD=X and HG=F have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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