AUDUSD=X vs. SPY
Compare and contrast key facts about AUD/USD (AUDUSD=X) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AUDUSD=X or SPY.
Correlation
The correlation between AUDUSD=X and SPY is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
AUDUSD=X vs. SPY - Performance Comparison
Key characteristics
AUDUSD=X:
-0.98
SPY:
-0.09
AUDUSD=X:
-1.22
SPY:
-0.02
AUDUSD=X:
0.83
SPY:
1.00
AUDUSD=X:
-0.15
SPY:
-0.09
AUDUSD=X:
-1.35
SPY:
-0.45
AUDUSD=X:
6.42%
SPY:
3.31%
AUDUSD=X:
8.81%
SPY:
15.87%
AUDUSD=X:
-67.80%
SPY:
-55.19%
AUDUSD=X:
-59.42%
SPY:
-17.32%
Returns By Period
In the year-to-date period, AUDUSD=X achieves a -2.38% return, which is significantly higher than SPY's -13.53% return. Over the past 10 years, AUDUSD=X has underperformed SPY with an annualized return of -2.19%, while SPY has yielded a comparatively higher 11.25% annualized return.
AUDUSD=X
-2.38%
-4.66%
-11.12%
-8.30%
0.14%
-2.19%
SPY
-13.53%
-13.08%
-11.25%
-0.26%
17.01%
11.25%
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Risk-Adjusted Performance
AUDUSD=X vs. SPY — Risk-Adjusted Performance Rank
AUDUSD=X
SPY
AUDUSD=X vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AUD/USD (AUDUSD=X) and SPDR S&P 500 ETF (SPY). 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.
Drawdowns
AUDUSD=X vs. SPY - Drawdown Comparison
The maximum AUDUSD=X drawdown since its inception was -67.80%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for AUDUSD=X and SPY. For additional features, visit the drawdowns tool.
Volatility
AUDUSD=X vs. SPY - Volatility Comparison
The current volatility for AUD/USD (AUDUSD=X) is 5.12%, while SPDR S&P 500 ETF (SPY) has a volatility of 8.99%. This indicates that AUDUSD=X experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.