Instrument Correlation on Exness — Measured 60-Session Matrix
How the instruments on this feed move together, computed from daily closes on Exness’s MT5 history — 6 instruments, measured 31 Oct · 12:46 PKT.
Open Exness Account →Why correlation matters for position sizing
Two open positions in strongly correlated instruments behave like one position at double the size — the account is exposed to a single move twice. In this sample the most correlated pair was EUR/USD and GBP/USD at +0.85, and the most inverse was EUR/USD and USD/CAD at -0.65. A trader long both halves of a +0.9 pair holds one trade, not two.
Correlation of daily returns (last ~60 sessions)
| EURUSD | GBPUSD | USDJPY | AUDUSD | USDCAD | XAUUSD | |
|---|---|---|---|---|---|---|
| EURUSD | 1.00 | +0.85 | -0.47 | +0.51 | -0.65 | +0.31 |
| GBPUSD | +0.85 | 1.00 | -0.45 | +0.49 | -0.57 | +0.23 |
| USDJPY | -0.47 | -0.45 | 1.00 | -0.44 | +0.52 | -0.25 |
| AUDUSD | +0.51 | +0.49 | -0.44 | 1.00 | -0.50 | +0.36 |
| USDCAD | -0.65 | -0.57 | +0.52 | -0.50 | 1.00 | -0.26 |
| XAUUSD | +0.31 | +0.23 | -0.25 | +0.36 | -0.26 | 1.00 |
+1.00 = the instruments moved together every session; −1.00 = they moved opposite; near 0 = independent. Green = positive, red = negative; deeper colour = stronger link.
Read it with care
- 60 daily closes is a short window — treat values as indicative, not fixed.
- Correlations shift with the macro backdrop and can flip in stressed markets.
- Crypto instruments trade a 7-day week and are omitted — their daily series does not align bar-for-bar with 5-day markets.
- Correlation says nothing about direction — only about moving together.
Measured in-terminal on Exness’s own MetaTrader 5 pricing feed and symbol specifications, refreshed on a schedule. All figures are indicative and change with market conditions.
Open Exness Account →