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 0.18, 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
Key characteristics
NZDUSD=X:
-0.07
^AFLI:
0.45
NZDUSD=X:
-0.04
^AFLI:
0.69
NZDUSD=X:
1.00
^AFLI:
1.09
NZDUSD=X:
-0.02
^AFLI:
0.45
NZDUSD=X:
-0.09
^AFLI:
1.69
NZDUSD=X:
8.12%
^AFLI:
3.65%
NZDUSD=X:
9.06%
^AFLI:
13.65%
NZDUSD=X:
-39.67%
^AFLI:
-51.67%
NZDUSD=X:
-32.50%
^AFLI:
-5.57%
Returns By Period
In the year-to-date period, NZDUSD=X achieves a 5.60% return, which is significantly higher than ^AFLI's -1.22% return. Over the past 10 years, NZDUSD=X has underperformed ^AFLI with an annualized return of -2.25%, while ^AFLI has yielded a comparatively higher 2.90% annualized return.
NZDUSD=X
5.60%
4.25%
-0.52%
0.25%
-0.36%
-2.25%
^AFLI
-1.22%
1.28%
-1.83%
6.68%
8.54%
2.90%
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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.
Drawdowns
NZDUSD=X vs. ^AFLI - Drawdown Comparison
The maximum NZDUSD=X drawdown since its inception was -39.67%, smaller than the maximum ^AFLI drawdown of -51.67%. Use the drawdown chart below to compare losses from any high point for NZDUSD=X and ^AFLI. For additional features, visit the drawdowns tool.
Volatility
NZDUSD=X vs. ^AFLI - Volatility Comparison
The current volatility for New Zealand Dollar/US Dollar FX (NZDUSD=X) is 5.24%, while S&P/ASX 50 (^AFLI) has a volatility of 11.17%. This indicates that NZDUSD=X experiences smaller price fluctuations and is considered to be less risky than ^AFLI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.