CADUSD=X vs. SPY
Compare and contrast key facts about CAD/USD (CADUSD=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: CADUSD=X or SPY.
Correlation
The correlation between CADUSD=X and SPY is 0.33, 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
CADUSD=X vs. SPY - Performance Comparison
Key characteristics
CADUSD=X:
-0.77
SPY:
1.87
CADUSD=X:
-1.12
SPY:
2.52
CADUSD=X:
0.86
SPY:
1.35
CADUSD=X:
-0.10
SPY:
2.81
CADUSD=X:
-1.06
SPY:
11.69
CADUSD=X:
3.68%
SPY:
2.02%
CADUSD=X:
4.98%
SPY:
12.65%
CADUSD=X:
-37.49%
SPY:
-55.19%
CADUSD=X:
-35.24%
SPY:
0.00%
Returns By Period
In the year-to-date period, CADUSD=X achieves a 1.08% return, which is significantly lower than SPY's 4.58% return. Over the past 10 years, CADUSD=X has underperformed SPY with an annualized return of -1.20%, while SPY has yielded a comparatively higher 13.23% annualized return.
CADUSD=X
1.08%
0.56%
-4.46%
-4.96%
-1.35%
-1.20%
SPY
4.58%
2.57%
10.04%
24.97%
14.73%
13.23%
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Risk-Adjusted Performance
CADUSD=X vs. SPY — Risk-Adjusted Performance Rank
CADUSD=X
SPY
CADUSD=X vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for CAD/USD (CADUSD=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
CADUSD=X vs. SPY - Drawdown Comparison
The maximum CADUSD=X drawdown since its inception was -37.49%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CADUSD=X and SPY. For additional features, visit the drawdowns tool.
Volatility
CADUSD=X vs. SPY - Volatility Comparison
CAD/USD (CADUSD=X) has a higher volatility of 2.97% compared to SPDR S&P 500 ETF (SPY) at 2.32%. This indicates that CADUSD=X's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.