BNDY vs. USDX
BNDY (Horizon Core Bond ETF) and USDX (SGI Enhanced Core ETF) are both Intermediate Core Bond funds. Both are actively managed. At a correlation of -0.03, they often move in opposite directions. BNDY charges 0.66%/yr vs 0.98%/yr for USDX.
Performance
BNDY vs. USDX - Performance Comparison
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Returns By Period
In the year-to-date period, BNDY achieves a 1.19% return, which is significantly lower than USDX's 1.79% return.
BNDY
- 1D
- 0.32%
- 1M
- 0.61%
- YTD
- 1.19%
- 6M
- 1.65%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USDX
- 1D
- -0.19%
- 1M
- -0.06%
- YTD
- 1.79%
- 6M
- 2.25%
- 1Y
- 5.97%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BNDY vs. USDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNDY Horizon Core Bond ETF | 1.19% | 5.34% |
USDX SGI Enhanced Core ETF | 1.79% | 3.69% |
Correlation
The correlation between BNDY and USDX is -0.03, 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 (All Time) Calculated using the full available price history since Jul 7, 2025 | -0.03 |
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Return for Risk
BNDY vs. USDX — Risk / Return Rank
BNDY
USDX
BNDY vs. USDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Core Bond ETF (BNDY) and SGI Enhanced Core ETF (USDX). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| BNDY | USDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.11 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.44 | 3.96 | -2.51 |
Drawdowns
BNDY vs. USDX - Drawdown Comparison
The maximum BNDY drawdown since its inception was -3.93%, which is greater than USDX's maximum drawdown of -0.94%. Use the drawdown chart below to compare losses from any high point for BNDY and USDX.
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Drawdown Indicators
| BNDY | USDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.93% | -0.94% | -2.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.94% | — |
Current DrawdownCurrent decline from peak | -0.84% | -0.64% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -0.63% | -0.06% | -0.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.14% | — |
Volatility
BNDY vs. USDX - Volatility Comparison
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Volatility by Period
| BNDY | USDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.73% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.01% | 1.93% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.01% | 1.68% | +3.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.01% | 1.68% | +3.33% |
BNDY vs. USDX - Expense Ratio Comparison
BNDY has a 0.66% expense ratio, which is lower than USDX's 0.98% expense ratio.
Dividends
BNDY vs. USDX - Dividend Comparison
BNDY's dividend yield for the trailing twelve months is around 4.82%, less than USDX's 5.90% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BNDY Horizon Core Bond ETF | 4.82% | 1.89% | 0.00% |
USDX SGI Enhanced Core ETF | 5.90% | 5.88% | 4.60% |
Frequently Asked Questions
BNDY and USDX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BNDY is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BNDY is cheaper with a 0.66% expense ratio, compared with 0.98% for USDX.
USDX has the higher dividend yield at 5.90%, compared with 4.82% for BNDY.
They also come from different issuers: Horizon and Summit Global Investments. Their fees differ too: 0.66% for BNDY and 0.98% for USDX.
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