Correlation
The correlation between ^XAU and ^DXY is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
^XAU vs. ^DXY
Compare and contrast key facts about Philadelphia Gold and Silver Index (^XAU) and US Dollar Currency Index (^DXY).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^XAU or ^DXY.
Performance
^XAU vs. ^DXY - Performance Comparison
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Key characteristics
^XAU:
0.92
^DXY:
-0.69
^XAU:
1.35
^DXY:
-0.78
^XAU:
1.17
^DXY:
0.90
^XAU:
0.73
^DXY:
-0.19
^XAU:
3.24
^DXY:
-1.02
^XAU:
9.40%
^DXY:
4.50%
^XAU:
34.67%
^DXY:
7.33%
^XAU:
-83.04%
^DXY:
-45.13%
^XAU:
-16.04%
^DXY:
-23.59%
Returns By Period
In the year-to-date period, ^XAU achieves a 40.12% return, which is significantly higher than ^DXY's -8.44% return. Over the past 10 years, ^XAU has outperformed ^DXY with an annualized return of 10.55%, while ^DXY has yielded a comparatively lower 0.36% annualized return.
^XAU
40.12%
7.16%
27.75%
32.42%
14.29%
9.86%
10.55%
^DXY
-8.44%
-0.70%
-6.06%
-5.10%
-0.80%
0.20%
0.36%
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Risk-Adjusted Performance
^XAU vs. ^DXY — Risk-Adjusted Performance Rank
^XAU
^DXY
^XAU vs. ^DXY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Philadelphia Gold and Silver Index (^XAU) and US Dollar Currency Index (^DXY). 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
^XAU vs. ^DXY - Drawdown Comparison
The maximum ^XAU drawdown since its inception was -83.04%, which is greater than ^DXY's maximum drawdown of -45.13%. Use the drawdown chart below to compare losses from any high point for ^XAU and ^DXY.
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Volatility
^XAU vs. ^DXY - Volatility Comparison
Philadelphia Gold and Silver Index (^XAU) has a higher volatility of 11.84% compared to US Dollar Currency Index (^DXY) at 2.67%. This indicates that ^XAU's price experiences larger fluctuations and is considered to be riskier than ^DXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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