^GDAXI vs. EURUSD=X
Compare and contrast key facts about DAX Performance Index (^GDAXI) and EUR/USD (EURUSD=X).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GDAXI or EURUSD=X.
Correlation
The correlation between ^GDAXI and EURUSD=X is 0.08, 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.
Performance
^GDAXI vs. EURUSD=X - Performance Comparison
Key characteristics
^GDAXI:
1.47
EURUSD=X:
0.80
^GDAXI:
2.03
EURUSD=X:
1.32
^GDAXI:
1.28
EURUSD=X:
1.13
^GDAXI:
1.63
EURUSD=X:
0.04
^GDAXI:
7.47
EURUSD=X:
1.74
^GDAXI:
3.50%
EURUSD=X:
4.22%
^GDAXI:
17.74%
EURUSD=X:
7.38%
^GDAXI:
-72.68%
EURUSD=X:
-39.99%
^GDAXI:
-0.73%
EURUSD=X:
-29.06%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 16.78% return, which is significantly higher than EURUSD=X's 9.54% return. Over the past 10 years, ^GDAXI has outperformed EURUSD=X with an annualized return of 7.06%, while EURUSD=X has yielded a comparatively lower 0.17% annualized return.
^GDAXI
16.78%
12.63%
20.74%
27.92%
16.48%
7.06%
EURUSD=X
9.54%
3.52%
3.76%
5.32%
1.28%
0.17%
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Risk-Adjusted Performance
^GDAXI vs. EURUSD=X — Risk-Adjusted Performance Rank
^GDAXI
EURUSD=X
^GDAXI vs. EURUSD=X - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and EUR/USD (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.
Drawdowns
^GDAXI vs. EURUSD=X - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, which is greater than EURUSD=X's maximum drawdown of -39.99%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and EURUSD=X. For additional features, visit the drawdowns tool.
Volatility
^GDAXI vs. EURUSD=X - Volatility Comparison
DAX Performance Index (^GDAXI) has a higher volatility of 10.40% compared to EUR/USD (EURUSD=X) at 3.55%. This indicates that ^GDAXI'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.