US Dollar / Norwegian Krone vs US Dollar / Canadian Dollar

US Dollar / Norwegian Krone (USD/NOK) and US Dollar / Canadian Dollar (USD/CAD) compared side by side. Over the past 90 days, USD/CAD is ahead by 4.6 percentage points (USD/NOK -6.1% against USD/CAD -1.6%). Their daily returns move closely together (correlation 0.63 across 284 shared trading days). USD/NOK has been the more volatile of the two, at 10% annualised against USD/CAD's 5%.

Correlation: 0.63
Ahead over 90 days: USD/CAD

US Dollar / Norwegian KroneUSD/NOK

$9.2303

24h: -0.24%
Market cap: —
Volume 24h: —
Volatility (ann.): 10%

US Dollar / Canadian DollarUSD/CAD

$1.3975

24h: +0.01%
Market cap: —
Volume 24h: —
Volatility (ann.): 5%

Performance

USD/NOKUSD/CAD

7 days-0.26%-0.14%USD/CAD
30 days-1.46%-0.59%USD/CAD
90 days-6.13%-1.56%USD/CAD

Correlation

0.63over 284 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.7390d: 0.691y: insufficient data

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.

Risk & extremes

Metric	USD/NOK	USD/CAD
Max drawdown (400d)	-10.5%	-4.4%
Risk-adjusted return (90d)	-0.80	-0.32

Relative strength over 90 days: USD/CAD outperformed USD/NOK by 4.6% — measured on the USD/NOK/USD/CAD ratio, so it holds regardless of market direction.

US Dollar / Norwegian Krone →US Dollar / Canadian Dollar →