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^CASHX vs. SVARX
Performance
Return for Risk
Drawdowns
Volatility

^CASHX vs. SVARX

Last updated Jun 9, 2026

^CASHX (US Money Market Index) is an index, while SVARX (Spectrum Low Volatility Fund) is Nontraditional Bonds fund managed by Advisors Preferred. Over the past 10 years, ^CASHX returned 2.32%/yr vs 5.98%/yr for SVARX. At a 0.00 correlation, their price movements are largely independent.

Performance

^CASHX vs. SVARX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in US Money Market Index (^CASHX) and Spectrum Low Volatility Fund (SVARX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ^CASHX achieves a 1.54% return, which is significantly higher than SVARX's 1.10% return. Over the past 10 years, ^CASHX has underperformed SVARX with an annualized return of 2.32%, while SVARX has yielded a comparatively higher 5.98% annualized return.

^CASHX

1D
0.01%
1M
0.26%
YTD
1.54%
6M
1.77%
1Y
3.88%
3Y*
4.64%
5Y*
3.52%
10Y*
2.32%

SVARX

1D
-0.50%
1M
0.04%
YTD
1.10%
6M
2.04%
1Y
5.78%
3Y*
6.73%
5Y*
3.17%
10Y*
5.98%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^CASHX vs. SVARX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
^CASHX
US Money Market Index		1.54%4.21%5.16%5.03%1.68%0.08%0.37%2.16%1.83%1.00%
SVARX
Spectrum Low Volatility Fund		1.10%6.22%2.60%9.67%-4.35%4.10%19.50%9.42%-0.99%8.25%

Correlation

The correlation between ^CASHX and SVARX is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.08

Correlation (10Y)
Calculated over the trailing 10-year period

0.00

Correlation (All Time)
Calculated using the full available price history since Dec 18, 2013

0.00

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

US Money Market Index

Spectrum Low Volatility Fund

Often compared with ^CASHX:
^CASHX vs. SPAXX^CASHX vs. VBIL^CASHX vs. VUSXX^CASHX vs. VMRXX^CASHX vs. SWVXX^CASHX vs. FXNAX^CASHX vs. JAAA
Often compared with SVARX:
SVARX vs. ACWVSVARX vs. HFSAXSVARX vs. VMFXXSVARX vs. BILSVARX vs. VWNEXSVARX vs. VOOSVARX vs. AGZD

Return for Risk

^CASHX vs. SVARX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
^CASHX
SVARX
SVARX Risk / Return Rank: 4646
Overall Rank
SVARX Sharpe Ratio Rank: 5656
Sharpe Ratio Rank
SVARX Sortino Ratio Rank: 4848
Sortino Ratio Rank
SVARX Omega Ratio Rank: 6868
Omega Ratio Rank
SVARX Calmar Ratio Rank: 3838
Calmar Ratio Rank
SVARX Martin Ratio Rank: 2222
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^CASHX vs. SVARX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for US Money Market Index (^CASHX) and Spectrum Low Volatility Fund (SVARX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

^CASHXSVARXDifference
Sharpe ratioReturn per unit of total volatility
258.44
2.09

+256.35

Sortino ratioReturn per unit of downside risk

—

2.78

—

Omega ratioGain probability vs. loss probability

—

1.44

—

Calmar ratioReturn relative to maximum drawdown

—

2.22

—

Martin ratioReturn relative to average drawdown

—

5.20

—

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^CASHX vs. SVARX - Sharpe Ratio Comparison

The current ^CASHX Sharpe Ratio is 258.44, which is higher than the SVARX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of ^CASHX and SVARX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

^CASHXSVARXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

258.44

2.09

+256.35

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

36.67

1.03

+35.64

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

24.00

1.63

+22.38

Sharpe Ratio (All Time)

Calculated using the full available price history

25.99

1.69

+24.29

Drawdowns

^CASHX vs. SVARX - Drawdown Comparison

The maximum ^CASHX drawdown since its inception was 0.00%, smaller than the maximum SVARX drawdown of -6.48%. Use the drawdown chart below to compare losses from any high point for ^CASHX and SVARX.

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Drawdown Indicators

^CASHXSVARXDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-6.48%

+6.48%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-2.55%

+2.55%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-2.55%

+2.55%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-6.48%

+6.48%

Max Drawdown (10Y)

Largest decline over 10 years

0.00%

-6.48%

+6.48%

Current Drawdown

Current decline from peak

0.00%

-1.69%

+1.69%

Average Drawdown

Average peak-to-trough decline

0.00%

-1.22%

+1.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

1.09%

-1.09%

Volatility

^CASHX vs. SVARX - Volatility Comparison

The current volatility for US Money Market Index (^CASHX) is 0.00%, while Spectrum Low Volatility Fund (SVARX) has a volatility of 0.79%. This indicates that ^CASHX experiences smaller price fluctuations and is considered to be less risky than SVARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

^CASHXSVARXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

0.79%

-0.79%

Volatility (6M)

Calculated over the trailing 6-month period

0.00%

2.21%

-2.21%

Volatility (1Y)

Calculated over the trailing 1-year period

0.01%

2.71%

-2.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.08%

3.10%

-3.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.08%

3.68%

-3.60%

Frequently Asked Questions

^CASHX and SVARX have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SVARX has higher volatility (0.79%) compared to ^CASHX (0.00%). In terms of maximum drawdown, ^CASHX dropped 0.00% vs SVARX's -6.48%.

^CASHX currently has the higher Sharpe Ratio (258.44 vs 2.09), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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