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 26 Jun · 18:45 PKT.
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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 +0.86, and the most inverse was GBP/USD and USD/CAD at -0.66. 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 | +0.86 | -0.51 | +0.82 | -0.63 | +0.66 |
| GBPUSD | +0.86 | 1.00 | -0.57 | +0.76 | -0.66 | +0.61 |
| USDJPY | -0.51 | -0.57 | 1.00 | -0.55 | +0.49 | -0.44 |
| AUDUSD | +0.82 | +0.76 | -0.55 | 1.00 | -0.60 | +0.76 |
| USDCAD | -0.63 | -0.66 | +0.49 | -0.60 | 1.00 | -0.42 |
| XAUUSD | +0.66 | +0.61 | -0.44 | +0.76 | -0.42 | 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 on an Exness MetaTrader 5 demo account — the broker’s own pricing feed and symbol specifications, recorded in-terminal and refreshed on a schedule. Demo and live accounts share the same pricing feed. All figures are indicative and change with market conditions.
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