PPX.DE vs. TWDUSD=X
PPX.DE (Kering SA) is a stock, while TWDUSD=X (TWD/USD) is a currency. Over the past 10 years, PPX.DE returned 8.11%/yr vs -0.47%/yr for TWDUSD=X. At a correlation of -0.02, they often move in opposite directions.
Performance
PPX.DE vs. TWDUSD=X - Performance Comparison
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Different Trading Currencies
PPX.DE is traded in EUR, while TWDUSD=X is traded in USD. To make them comparable, the TWDUSD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, PPX.DE achieves a -14.55% return, which is significantly lower than TWDUSD=X's 0.01% return. Over the past 10 years, PPX.DE has outperformed TWDUSD=X with an annualized return of 8.11%, while TWDUSD=X has yielded a comparatively lower -0.47% annualized return.
PPX.DE
- 1D
- 0.48%
- 1M
- -6.61%
- 6M
- -7.27%
- YTD
- -14.55%
- 1Y
- 30.73%
- 3Y*
- -20.02%
- 5Y*
- -16.78%
- 10Y*
- 8.11%
- ALL TIME*
- 6.61%
TWDUSD=X
- 1D
- 0.60%
- 1M
- -1.30%
- 6M
- -0.14%
- YTD
- 0.01%
- 1Y
- -7.25%
- 3Y*
- -1.80%
- 5Y*
- -2.19%
- 10Y*
- -0.47%
- ALL TIME*
- 1.29%
PPX.DE vs. TWDUSD=X - Yearly Performance Comparison
Correlation
The correlation between PPX.DE and TWDUSD=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 | -0.08 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2007 | -0.02 |
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Return for Risk
PPX.DE vs. TWDUSD=X — Risk / Return Rank
PPX.DE
TWDUSD=X
PPX.DE vs. TWDUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kering SA (PPX.DE) and TWD/USD (TWDUSD=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.
| PPX.DE | TWDUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.82 | ||
| Sortino ratioReturn per unit of downside risk | +2.75 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.84 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | -0.61 | +1.50 |
| Martin ratioReturn relative to average drawdown | 1.61 | -0.87 | +2.47 |
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Drawdowns
PPX.DE vs. TWDUSD=X - Drawdown Comparison
The maximum PPX.DE drawdown since its inception was -78.21%, which is greater than TWDUSD=X's maximum drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for PPX.DE and TWDUSD=X.
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Drawdown Indicators
| PPX.DE | TWDUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.21% | -20.38% | -57.83% |
Max Drawdown (1Y)Largest decline over 1 year | -34.14% | -9.67% | -24.47% |
Max Drawdown (3Y)Largest decline over 3 years | -69.56% | -12.25% | -57.31% |
Max Drawdown (5Y)Largest decline over 5 years | -78.21% | -20.38% | -57.83% |
Max Drawdown (10Y)Largest decline over 10 years | -78.21% | -20.38% | -57.83% |
Current DrawdownCurrent decline from peak | -63.37% | -18.70% | -44.67% |
Average DrawdownAverage peak-to-trough decline | -25.44% | -7.64% | -17.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.06% | 3.57% | +15.49% |
Volatility
PPX.DE vs. TWDUSD=X - Volatility Comparison
Kering SA (PPX.DE) has a higher volatility of 11.23% compared to TWD/USD (TWDUSD=X) at 1.44%. This indicates that PPX.DE's price experiences larger fluctuations and is considered to be riskier than TWDUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPX.DE | TWDUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.23% | 1.44% | +9.79% |
Volatility (6M)Calculated over the trailing 6-month period | 30.08% | 3.50% | +26.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.59% | 5.64% | +33.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.35% | 7.55% | +28.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.58% | 7.39% | +35.19% |
Frequently Asked Questions
PPX.DE and TWDUSD=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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