US Dollar / Canadian Dollar (USD/CAD) and US Dollar / Swiss Franc (USD/CHF) compared side by side. Over the past 90 days, USD/CHF is ahead by 3.2 percentage points (USD/CAD +1.9% against USD/CHF +5.2%). Their daily returns move closely together (correlation 0.65 across 283 shared trading days). USD/CHF has been the more volatile of the two, at 9% annualised against USD/CAD's 5%.
| Period | USD/CAD | USD/CHF | Ahead |
|---|---|---|---|
| 7 days | +1.54% | +1.95% | USD/CHF |
| 30 days | -0.17% | +1.53% | USD/CHF |
| 90 days | +1.94% | +5.19% | USD/CHF |
| Metric | USD/CAD | USD/CHF |
|---|---|---|
| Max drawdown (400d) | -4.4% | -5.8% |
| Risk-adjusted return (90d) | 0.41 | 0.64 |
Relative strength over 90 days: USD/CHF outperformed USD/CAD by 3.1% — measured on the USD/CAD/USD/CHF ratio, so it holds regardless of market direction.
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.