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:
-0.33
SPY:
1.91
AUDUSD=X:
-0.41
SPY:
2.57
AUDUSD=X:
0.95
SPY:
1.35
AUDUSD=X:
-0.04
SPY:
2.88
AUDUSD=X:
-0.46
SPY:
11.96
AUDUSD=X:
5.41%
SPY:
2.03%
AUDUSD=X:
7.68%
SPY:
12.68%
AUDUSD=X:
-67.80%
SPY:
-55.19%
AUDUSD=X:
-57.25%
SPY:
0.00%
Returns By Period
In the year-to-date period, AUDUSD=X achieves a 2.83% return, which is significantly lower than SPY's 4.34% return. Over the past 10 years, AUDUSD=X has underperformed SPY with an annualized return of -1.97%, while SPY has yielded a comparatively higher 13.21% annualized return.
AUDUSD=X
2.83%
2.71%
-5.65%
-2.71%
-0.72%
-1.97%
SPY
4.34%
2.33%
10.15%
23.99%
14.44%
13.21%
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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 2.05%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.77%. 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.