Asset Comparison and Correlation
|S&P 500 vs iPath Asian & Gulf Currency Re|
Assuming 30 trading days horizon, S&P 500 is expected to generate 9.0 times more return on investment than iPath. However, SP 500 is 9.0 times more volatile than iPath Asian Gulf Currency Reval ETN. It trades about 0.56 of its potential returns per unit of risk. iPath Asian Gulf Currency Reval ETN is currently generating about -0.17 per unit of risk. If you would invest 157,878 in S&P 500 on April 22, 2013 and sell it today you would earn a total of 9,038 from holding S&P 500 or generate 5.72% return on investment over 30 days.
Match ups for SP 500
Over the last 30 days iPath Asian Gulf Currency Reval ETN has generated negative risk-adjusted returns adding no value to investors with long positions.
Match ups for iPath