Correlation
The correlation between ^GDAXI and EURUSD=X is 0.12, 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.
^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.
Performance
^GDAXI vs. EURUSD=X - Performance Comparison
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Key characteristics
^GDAXI:
1.66
EURUSD=X:
0.59
^GDAXI:
2.24
EURUSD=X:
0.66
^GDAXI:
1.30
EURUSD=X:
1.07
^GDAXI:
1.86
EURUSD=X:
0.01
^GDAXI:
8.91
EURUSD=X:
0.73
^GDAXI:
3.34%
EURUSD=X:
4.82%
^GDAXI:
17.82%
EURUSD=X:
7.10%
^GDAXI:
-72.68%
EURUSD=X:
-39.98%
^GDAXI:
-0.95%
EURUSD=X:
-29.02%
Returns By Period
In the year-to-date period, ^GDAXI achieves a 20.53% return, which is significantly higher than EURUSD=X's 9.61% return. Over the past 10 years, ^GDAXI has outperformed EURUSD=X with an annualized return of 7.79%, while EURUSD=X has yielded a comparatively lower 0.18% annualized return.
^GDAXI
20.53%
6.67%
22.27%
29.74%
18.59%
15.68%
7.79%
EURUSD=X
9.61%
0.23%
7.28%
4.76%
2.14%
0.41%
0.18%
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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.
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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 -39.98%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and EURUSD=X.
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Volatility
^GDAXI vs. EURUSD=X - Volatility Comparison
DAX Performance Index (^GDAXI) has a higher volatility of 4.19% compared to EUR/USD (EURUSD=X) at 2.71%. 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.
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