Correlation
The correlation between ^AFLI and NZDUSD=X is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
^AFLI vs. NZDUSD=X
Compare and contrast key facts about S&P/ASX 50 (^AFLI) and New Zealand Dollar/US Dollar FX (NZDUSD=X).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^AFLI or NZDUSD=X.
Performance
^AFLI vs. NZDUSD=X - Performance Comparison
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Key characteristics
^AFLI:
0.78
NZDUSD=X:
-0.23
^AFLI:
1.02
NZDUSD=X:
-0.31
^AFLI:
1.14
NZDUSD=X:
0.96
^AFLI:
0.69
NZDUSD=X:
-0.04
^AFLI:
2.50
NZDUSD=X:
-0.38
^AFLI:
3.79%
NZDUSD=X:
7.35%
^AFLI:
13.31%
NZDUSD=X:
10.22%
^AFLI:
-35.46%
NZDUSD=X:
-73.68%
^AFLI:
-1.66%
NZDUSD=X:
-59.99%
Returns By Period
In the year-to-date period, ^AFLI achieves a 2.87% return, which is significantly lower than NZDUSD=X's 6.58% return. Over the past 10 years, ^AFLI has outperformed NZDUSD=X with an annualized return of 3.68%, while NZDUSD=X has yielded a comparatively lower -1.84% annualized return.
^AFLI
2.87%
3.12%
-0.30%
9.47%
5.47%
7.99%
3.68%
NZDUSD=X
6.58%
0.91%
0.78%
-2.95%
-2.91%
-0.79%
-1.84%
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Risk-Adjusted Performance
^AFLI vs. NZDUSD=X — Risk-Adjusted Performance Rank
^AFLI
NZDUSD=X
^AFLI vs. NZDUSD=X - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P/ASX 50 (^AFLI) and New Zealand Dollar/US Dollar FX (NZDUSD=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.
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Drawdowns
^AFLI vs. NZDUSD=X - Drawdown Comparison
The maximum ^AFLI drawdown since its inception was -35.46%, smaller than the maximum NZDUSD=X drawdown of -73.68%. Use the drawdown chart below to compare losses from any high point for ^AFLI and NZDUSD=X.
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Volatility
^AFLI vs. NZDUSD=X - Volatility Comparison
The current volatility for S&P/ASX 50 (^AFLI) is 2.34%, while New Zealand Dollar/US Dollar FX (NZDUSD=X) has a volatility of 3.19%. This indicates that ^AFLI experiences smaller price fluctuations and is considered to be less risky than NZDUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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