NZDUSD=X vs. ^AFLI
Compare and contrast key facts about New Zealand Dollar/US Dollar FX (NZDUSD=X) and S&P/ASX 50 (^AFLI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NZDUSD=X or ^AFLI.
Correlation
The correlation between NZDUSD=X and ^AFLI is 0.28, 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. ^AFLI - Performance Comparison
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Key characteristics
NZDUSD=X:
-0.37
^AFLI:
0.42
NZDUSD=X:
-0.45
^AFLI:
0.73
NZDUSD=X:
0.95
^AFLI:
1.10
NZDUSD=X:
-0.06
^AFLI:
0.47
NZDUSD=X:
-0.52
^AFLI:
1.73
NZDUSD=X:
7.26%
^AFLI:
3.78%
NZDUSD=X:
10.09%
^AFLI:
13.54%
NZDUSD=X:
-73.68%
^AFLI:
-35.46%
NZDUSD=X:
-60.52%
^AFLI:
-2.65%
Returns By Period
In the year-to-date period, NZDUSD=X achieves a 5.17% return, which is significantly higher than ^AFLI's 1.83% return. Over the past 10 years, NZDUSD=X has underperformed ^AFLI with an annualized return of -2.11%, while ^AFLI has yielded a comparatively higher 3.60% annualized return.
NZDUSD=X
5.17%
-0.88%
0.34%
-3.87%
-0.16%
-2.11%
^AFLI
1.83%
7.12%
0.20%
5.74%
8.99%
3.60%
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Risk-Adjusted Performance
NZDUSD=X vs. ^AFLI — Risk-Adjusted Performance Rank
NZDUSD=X
^AFLI
NZDUSD=X vs. ^AFLI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for New Zealand Dollar/US Dollar FX (NZDUSD=X) and S&P/ASX 50 (^AFLI). 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.
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Drawdowns
NZDUSD=X vs. ^AFLI - Drawdown Comparison
The maximum NZDUSD=X drawdown since its inception was -73.68%, which is greater than ^AFLI's maximum drawdown of -35.46%. Use the drawdown chart below to compare losses from any high point for NZDUSD=X and ^AFLI. For additional features, visit the drawdowns tool.
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Volatility
NZDUSD=X vs. ^AFLI - Volatility Comparison
New Zealand Dollar/US Dollar FX (NZDUSD=X) has a higher volatility of 3.23% compared to S&P/ASX 50 (^AFLI) at 2.43%. This indicates that NZDUSD=X's price experiences larger fluctuations and is considered to be riskier than ^AFLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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