PPX.DE vs. USD=X
PPX.DE (Kering SA) is a stock, while USD=X (USD Cash) is a currency. Over the past 5 years, PPX.DE returned -17.32%/yr vs 1.14%/yr for USD=X. At a correlation of -0.15, they often move in opposite directions.
Performance
PPX.DE vs. USD=X - Performance Comparison
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Different Trading Currencies
PPX.DE is traded in EUR, while USD=X is traded in USD. To make them comparable, the USD=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 -16.29% return, which is significantly lower than USD=X's 1.96% return.
PPX.DE
- 1D
- 1.86%
- 1M
- 3.75%
- YTD
- -16.29%
- 6M
- -14.66%
- 1Y
- 44.04%
- 3Y*
- -18.53%
- 5Y*
- -17.32%
- 10Y*
- —
USD=X
- 1D
- 0.00%
- 1M
- 1.97%
- YTD
- 1.96%
- 6M
- 1.05%
- 1Y
- -0.66%
- 3Y*
- -2.44%
- 5Y*
- 1.14%
- 10Y*
- -0.11%
PPX.DE vs. USD=X - Yearly Performance Comparison
Correlation
The correlation between PPX.DE and USD=X is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2019 | -0.15 |
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Return for Risk
PPX.DE vs. USD=X — Risk / Return Rank
PPX.DE
USD=X
PPX.DE vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Kering SA (PPX.DE) and USD Cash (USD=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.
| PPX.DE | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.98 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | -0.21 | +1.46 |
| Martin ratioReturn relative to average drawdown | 2.52 | -0.44 | +2.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PPX.DE | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | -0.17 | +1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.48 | 0.15 | -0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.25 | 0.10 | -0.34 |
Drawdowns
PPX.DE vs. USD=X - Drawdown Comparison
The maximum PPX.DE drawdown since its inception was -78.21%, which is greater than USD=X's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for PPX.DE and USD=X.
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Drawdown Indicators
| PPX.DE | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.21% | -20.32% | -57.89% |
Max Drawdown (1Y)Largest decline over 1 year | -34.14% | -5.39% | -28.75% |
Max Drawdown (3Y)Largest decline over 3 years | -69.57% | -15.23% | -54.34% |
Max Drawdown (5Y)Largest decline over 5 years | -78.21% | -20.32% | -57.89% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.32% | — |
Current DrawdownCurrent decline from peak | -64.11% | -16.71% | -47.40% |
Average DrawdownAverage peak-to-trough decline | -36.47% | -9.47% | -27.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.99% | 1.89% | +15.10% |
Volatility
PPX.DE vs. USD=X - Volatility Comparison
Kering SA (PPX.DE) has a higher volatility of 10.51% compared to USD Cash (USD=X) at 1.44%. This indicates that PPX.DE's price experiences larger fluctuations and is considered to be riskier than USD=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 | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.51% | 1.44% | +9.07% |
Volatility (6M)Calculated over the trailing 6-month period | 29.36% | 4.59% | +24.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.68% | 5.46% | +36.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.06% | 6.44% | +29.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.04% | 6.21% | +29.83% |
Frequently Asked Questions
PPX.DE and USD=X have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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