USD vs. EURUSD=X
USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), while EURUSD=X (Euro / U.S. Dollar) is a currency. Over the past 10 years, USD returned 58.55%/yr vs 0.32%/yr for EURUSD=X. At a 0.15 correlation, their price movements are largely independent.
Performance
USD vs. EURUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 67.09% return, which is significantly higher than EURUSD=X's -2.62% return. Over the past 10 years, USD has outperformed EURUSD=X with an annualized return of 58.55%, while EURUSD=X has yielded a comparatively lower 0.32% annualized return.
USD
- 1D
- -7.69%
- 1M
- -21.92%
- 6M
- 60.49%
- YTD
- 67.09%
- 1Y
- 134.12%
- 3Y*
- 102.38%
- 5Y*
- 58.10%
- 10Y*
- 58.55%
EURUSD=X
- 1D
- 0.03%
- 1M
- -1.39%
- 6M
- -2.41%
- YTD
- -2.62%
- 1Y
- -2.71%
- 3Y*
- 1.69%
- 5Y*
- -0.73%
- 10Y*
- 0.32%
USD vs. EURUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 67.09% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
EURUSD=X Euro / U.S. Dollar | -2.62% | 13.43% | -6.18% | 3.16% | -6.01% | -6.81% | 8.85% | -1.94% | -4.66% | 14.14% |
Correlation
The correlation between USD and EURUSD=X is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2007 | 0.15 |
The correlation between USD and EURUSD=X shifts across timeframes, from 0.08 (1 year) to 0.19 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USD vs. EURUSD=X — Risk / Return Rank
USD
EURUSD=X
USD vs. EURUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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.
| USD | EURUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.39 | ||
| Sortino ratioReturn per unit of downside risk | +2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.94 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | -0.39 | +4.80 |
| Martin ratioReturn relative to average drawdown | 11.93 | -0.85 | +12.78 |
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Drawdowns
USD vs. EURUSD=X - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than EURUSD=X's maximum drawdown of -40.01%. Use the drawdown chart below to compare losses from any high point for USD and EURUSD=X.
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Drawdown Indicators
| USD | EURUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -40.01% | -48.62% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -5.67% | -26.13% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | -8.83% | -55.63% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | -19.28% | -58.57% |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | -23.31% | -54.54% |
Current DrawdownCurrent decline from peak | -22.81% | -28.48% | +5.67% |
Average DrawdownAverage peak-to-trough decline | -32.27% | -23.54% | -8.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.73% | 2.82% | +8.91% |
Volatility
USD vs. EURUSD=X - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 36.79% compared to Euro / U.S. Dollar (EURUSD=X) at 1.46%. This indicates that USD'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
| USD | EURUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 36.79% | 1.46% | +35.33% |
Volatility (6M)Calculated over the trailing 6-month period | 56.56% | 4.08% | +52.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 69.60% | 5.83% | +63.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.06% | 7.40% | +70.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.95% | 7.09% | +62.86% |
Frequently Asked Questions
USD and EURUSD=X have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (36.79%) compared to EURUSD=X (1.46%). In terms of maximum drawdown, USD dropped -88.63% vs EURUSD=X's -40.01%.
USD currently has the higher Sharpe Ratio (2.02 vs -0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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