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 0.28, 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:
-0.55
SPY:
0.57
AUDUSD=X:
-0.70
SPY:
0.94
AUDUSD=X:
0.91
SPY:
1.14
AUDUSD=X:
-0.09
SPY:
0.61
AUDUSD=X:
-0.77
SPY:
2.48
AUDUSD=X:
6.96%
SPY:
4.63%
AUDUSD=X:
9.26%
SPY:
20.07%
AUDUSD=X:
-67.80%
SPY:
-55.19%
AUDUSD=X:
-57.10%
SPY:
-9.29%
Returns By Period
In the year-to-date period, AUDUSD=X achieves a 3.20% return, which is significantly higher than SPY's -5.13% return. Over the past 10 years, AUDUSD=X has underperformed SPY with an annualized return of -1.93%, while SPY has yielded a comparatively higher 12.11% annualized return.
AUDUSD=X
3.20%
1.53%
-2.67%
-2.76%
-0.36%
-1.93%
SPY
-5.13%
-0.24%
-4.11%
10.06%
15.53%
12.11%
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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 3.91%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.44%. 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.