PPX.DE vs. USD=X
PPX.DE (Kering SA) is a stock, while USD=X (USD Cash) is a currency. Over the past 10 years, PPX.DE returned 8.11%/yr vs -0.39%/yr for USD=X. At a correlation of -0.06, 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 -14.55% return, which is significantly lower than USD=X's 2.90% return. Over the past 10 years, PPX.DE has outperformed USD=X with an annualized return of 8.11%, while USD=X has yielded a comparatively lower -0.39% 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%
USD=X
- 1D
- 0.00%
- 1M
- 0.46%
- 6M
- 2.02%
- YTD
- 2.90%
- 1Y
- 1.84%
- 3Y*
- -0.85%
- 5Y*
- 0.62%
- 10Y*
- -0.39%
- ALL TIME*
- 1.21%
PPX.DE vs. USD=X - Yearly Performance Comparison
Correlation
The correlation between PPX.DE and USD=X is -0.14, 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 | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2007 | -0.06 |
The correlation between PPX.DE and USD=X shifts across timeframes, from -0.17 (5 years) to -0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PPX.DE vs. USD=X — Risk / Return Rank
PPX.DE
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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.
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 | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.07 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.90 | 0.46 | +0.44 |
| Martin ratioReturn relative to average drawdown | 1.61 | 1.05 | +0.56 |
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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% | -5.33% | -28.81% |
Max Drawdown (3Y)Largest decline over 3 years | -69.56% | -15.23% | -54.33% |
Max Drawdown (5Y)Largest decline over 5 years | -78.21% | -20.32% | -57.89% |
Max Drawdown (10Y)Largest decline over 10 years | -78.21% | -20.32% | -57.89% |
Current DrawdownCurrent decline from peak | -63.37% | -15.94% | -47.43% |
Average DrawdownAverage peak-to-trough decline | -25.44% | -9.38% | -16.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.06% | 1.77% | +17.29% |
Volatility
PPX.DE vs. USD=X - Volatility Comparison
Kering SA (PPX.DE) has a higher volatility of 11.23% compared to USD Cash (USD=X) at 1.12%. 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 | 11.23% | 1.12% | +10.11% |
Volatility (6M)Calculated over the trailing 6-month period | 30.08% | 4.63% | +25.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.59% | 5.33% | +34.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.35% | 6.42% | +29.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.58% | 6.14% | +36.44% |
Frequently Asked Questions
PPX.DE and USD=X have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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