NZDUSD=X vs. GBPUSD=X
Compare and contrast key facts about New Zealand Dollar/US Dollar FX (NZDUSD=X) and GBP/USD (GBPUSD=X).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NZDUSD=X or GBPUSD=X.
Correlation
The correlation between NZDUSD=X and GBPUSD=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
NZDUSD=X vs. GBPUSD=X - Performance Comparison
Key characteristics
NZDUSD=X:
-0.05
GBPUSD=X:
0.59
NZDUSD=X:
0.01
GBPUSD=X:
0.90
NZDUSD=X:
1.00
GBPUSD=X:
1.11
NZDUSD=X:
-0.01
GBPUSD=X:
0.10
NZDUSD=X:
-0.06
GBPUSD=X:
1.00
NZDUSD=X:
8.10%
GBPUSD=X:
4.34%
NZDUSD=X:
9.06%
GBPUSD=X:
7.09%
NZDUSD=X:
-39.67%
GBPUSD=X:
-49.30%
NZDUSD=X:
-32.47%
GBPUSD=X:
-36.83%
Returns By Period
In the year-to-date period, NZDUSD=X achieves a 5.66% return, which is significantly lower than GBPUSD=X's 6.39% return. Over the past 10 years, NZDUSD=X has underperformed GBPUSD=X with an annualized return of -2.38%, while GBPUSD=X has yielded a comparatively higher -1.35% annualized return.
NZDUSD=X
5.66%
4.01%
-0.82%
0.39%
-0.19%
-2.38%
GBPUSD=X
6.39%
3.30%
2.72%
6.39%
1.42%
-1.35%
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Risk-Adjusted Performance
NZDUSD=X vs. GBPUSD=X — Risk-Adjusted Performance Rank
NZDUSD=X
GBPUSD=X
NZDUSD=X vs. GBPUSD=X - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Zealand Dollar/US Dollar FX (NZDUSD=X) and GBP/USD (GBPUSD=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
NZDUSD=X vs. GBPUSD=X - Drawdown Comparison
The maximum NZDUSD=X drawdown since its inception was -39.67%, smaller than the maximum GBPUSD=X drawdown of -49.30%. Use the drawdown chart below to compare losses from any high point for NZDUSD=X and GBPUSD=X. For additional features, visit the drawdowns tool.
Volatility
NZDUSD=X vs. GBPUSD=X - Volatility Comparison
New Zealand Dollar/US Dollar FX (NZDUSD=X) has a higher volatility of 5.27% compared to GBP/USD (GBPUSD=X) at 3.04%. This indicates that NZDUSD=X's price experiences larger fluctuations and is considered to be riskier than GBPUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.