PAF.L vs. EURUSD=X
PAF.L (Pan African Resources plc) is a stock, while EURUSD=X (Euro / U.S. Dollar) is a currency. Over the past 10 years, PAF.L returned 24.42%/yr vs 0.84%/yr for EURUSD=X. At a 0.03 correlation, their price movements are largely independent.
Performance
PAF.L vs. EURUSD=X - Performance Comparison
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Different Trading Currencies
PAF.L is traded in GBp, while EURUSD=X is traded in USD. To make them comparable, the EURUSD=X values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, PAF.L achieves a -9.60% return, which is significantly lower than EURUSD=X's -1.02% return. Over the past 10 years, PAF.L has outperformed EURUSD=X with an annualized return of 24.42%, while EURUSD=X has yielded a comparatively lower 0.84% annualized return.
PAF.L
- 1D
- 5.62%
- 1M
- -26.94%
- YTD
- -9.60%
- 6M
- -1.63%
- 1Y
- 129.47%
- 3Y*
- 108.56%
- 5Y*
- 46.75%
- 10Y*
- 24.42%
EURUSD=X
- 1D
- -0.02%
- 1M
- -0.90%
- YTD
- -1.02%
- 6M
- -1.72%
- 1Y
- 1.39%
- 3Y*
- 0.27%
- 5Y*
- 0.12%
- 10Y*
- 0.84%
PAF.L vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PAF.L Pan African Resources plc | -9.60% | 258.03% | 109.32% | 6.38% | 4.14% | -25.77% | 102.96% | 40.81% | -34.94% | -11.75% |
EURUSD=X Euro / U.S. Dollar | -1.02% | 5.35% | -4.55% | -2.00% | 5.17% | -5.93% | 5.65% | -5.67% | 0.99% | 4.27% |
Correlation
The correlation between PAF.L and EURUSD=X 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 (1Y) Calculated over the trailing 1-year period | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2007 | 0.03 |
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Return for Risk
PAF.L vs. EURUSD=X — Risk / Return Rank
PAF.L
EURUSD=X
PAF.L vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pan African Resources plc (PAF.L) and Euro / U.S. Dollar (EURUSD=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.
| PAF.L | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +2.19 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.06 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 0.49 | +2.46 |
| Martin ratioReturn relative to average drawdown | 9.67 | 0.88 | +8.79 |
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Drawdowns
PAF.L vs. EURUSD=X - Drawdown Comparison
The maximum PAF.L drawdown since its inception was -80.73%, which is greater than EURUSD=X's maximum drawdown of -28.84%. Use the drawdown chart below to compare losses from any high point for PAF.L and EURUSD=X.
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Drawdown Indicators
| PAF.L | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.73% | -28.84% | -51.89% |
Max Drawdown (1Y)Largest decline over 1 year | -44.73% | -2.42% | -42.31% |
Max Drawdown (3Y)Largest decline over 3 years | -44.73% | -5.97% | -38.76% |
Max Drawdown (5Y)Largest decline over 5 years | -47.34% | -8.48% | -38.86% |
Max Drawdown (10Y)Largest decline over 10 years | -70.68% | -12.59% | -58.09% |
Current DrawdownCurrent decline from peak | -40.36% | -11.53% | -28.83% |
Average DrawdownAverage peak-to-trough decline | -29.27% | -11.95% | -17.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.65% | 1.42% | +12.23% |
Volatility
PAF.L vs. EURUSD=X - Volatility Comparison
Pan African Resources plc (PAF.L) has a higher volatility of 21.97% compared to Euro / U.S. Dollar (EURUSD=X) at 0.53%. This indicates that PAF.L's price experiences larger fluctuations and is considered to be riskier than EURUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAF.L | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.97% | 0.53% | +21.44% |
Volatility (6M)Calculated over the trailing 6-month period | 44.78% | 2.40% | +42.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.10% | 3.67% | +50.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.00% | 5.23% | +42.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.54% | 6.95% | +46.59% |
Frequently Asked Questions
PAF.L and EURUSD=X 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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