NZDUSD=X vs. GBPUSD=X
NZDUSD=X (New Zealand Dollar/US Dollar FX) and GBPUSD=X (GBP/USD) are both currencies. Over the past 10 years, NZDUSD=X returned -1.92%/yr vs 0.29%/yr for GBPUSD=X. Their 0.53 correlation means they have sometimes moved together and sometimes differently.
Performance
NZDUSD=X vs. GBPUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, NZDUSD=X achieves a 2.14% return, which is significantly higher than GBPUSD=X's -0.04% return. Over the past 10 years, NZDUSD=X has underperformed GBPUSD=X with an annualized return of -1.92%, while GBPUSD=X has yielded a comparatively higher 0.29% annualized return.
NZDUSD=X
- 1D
- 0.12%
- 1M
- 3.37%
- 6M
- -2.77%
- YTD
- 2.14%
- 1Y
- -0.50%
- 3Y*
- -1.21%
- 5Y*
- -3.58%
- 10Y*
- -1.92%
- ALL TIME*
- -0.97%
GBPUSD=X
- 1D
- 0.17%
- 1M
- 0.82%
- 6M
- -1.78%
- YTD
- -0.04%
- 1Y
- 1.27%
- 3Y*
- 1.83%
- 5Y*
- -0.69%
- 10Y*
- 0.29%
- ALL TIME*
- -2.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GBPUSD=X GBP/USD | $385.56K | $376.56K | $355.21K |
NZDUSD=X New Zealand Dollar/US Dollar FX | $84.90K | $80.30K | $86.11K |
NZDUSD=X vs. GBPUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NZDUSD=X New Zealand Dollar/US Dollar FX | 2.14% | 2.87% | -11.45% | -0.44% | -7.32% | -4.75% | 6.74% | 0.43% | -5.48% | 2.51% |
GBPUSD=X GBP/USD | -0.04% | 7.55% | -1.67% | 5.28% | -10.69% | -0.91% | 3.06% | 4.01% | -5.66% | 9.52% |
Correlation
The correlation between NZDUSD=X and GBPUSD=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 12, 2007 | 0.53 |
Over the past year, NZDUSD=X and GBPUSD=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
NZDUSD=X vs. GBPUSD=X — Risk / Return Rank
NZDUSD=X
GBPUSD=X
NZDUSD=X vs. GBPUSD=X - Risk-Adjusted Trends 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.
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.
| NZDUSD=X | GBPUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.03 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.05 | 0.21 | -0.26 |
| Martin ratioReturn relative to average drawdown | -0.11 | 0.38 | -0.49 |
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Drawdowns
NZDUSD=X vs. GBPUSD=X - Drawdown Comparison
The maximum NZDUSD=X drawdown since its inception was -39.83%, smaller than the maximum GBPUSD=X drawdown of -49.29%. Use the drawdown chart below to compare losses from any high point for NZDUSD=X and GBPUSD=X.
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Drawdown Indicators
| NZDUSD=X | GBPUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.83% | -49.29% | +9.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -4.89% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -12.88% | -9.34% | -3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.19% | -22.93% | -0.26% |
Max Drawdown (10Y)Largest decline over 10 years | -26.48% | -25.46% | -1.02% |
Current DrawdownCurrent decline from peak | -33.38% | -36.17% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -19.85% | -31.49% | +11.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.64% | +0.68% |
Volatility
NZDUSD=X vs. GBPUSD=X - Volatility Comparison
New Zealand Dollar/US Dollar FX (NZDUSD=X) has a higher volatility of 2.23% compared to GBP/USD (GBPUSD=X) at 1.91%. 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.
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Volatility by Period
| NZDUSD=X | GBPUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.23% | 1.91% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 4.60% | +1.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.15% | 6.17% | +1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.95% | 8.21% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.60% | 8.54% | +1.06% |
Frequently Asked Questions
NZDUSD=X and GBPUSD=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 (2.23%) compared to GBPUSD=X (1.91%). In terms of maximum drawdown, NZDUSD=X dropped -39.83% vs GBPUSD=X's -49.29%.
GBPUSD=X currently has the higher Sharpe Ratio (0.17 vs -0.05), 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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