DXSA.DE vs. USD=X

Last updated Jun 5, 2026

DXSA.DE (Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D) is Europe Equities fund tracking the EURO STOXX® Quality Dividend 50, while USD=X (USD Cash) is a currency. Over the past 10 years, DXSA.DE returned 9.19%/yr vs -0.25%/yr for USD=X. At a correlation of -0.09, they often move in opposite directions.

Performance

DXSA.DE vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D (DXSA.DE) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DXSA.DE is traded in EUR, while USD=X is traded in USD. To make them comparable, the USD=X values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, DXSA.DE achieves a 9.28% return, which is significantly higher than USD=X's 1.84% return. Over the past 10 years, DXSA.DE has outperformed USD=X with an annualized return of 9.19%, while USD=X has yielded a comparatively lower -0.25% annualized return.

DXSA.DE

• 1D: 0.23%
• 1M: 2.38%
• YTD: 9.28%
• 6M: 11.75%
• 1Y: 18.96%
• 3Y*: 19.44%
• 5Y*: 12.02%
• 10Y*: 9.19%

USD=X

• 1D: 0.00%
• 1M: 2.18%
• YTD: 1.84%
• 6M: 0.90%
• 1Y: -1.05%
• 3Y*: -2.31%
• 5Y*: 1.09%
• 10Y*: -0.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DXSA.DE vs. USD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DXSA.DE Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D	9.28%	33.40%	10.36%	17.93%	-9.82%	18.67%	-9.07%	22.54%	-13.01%	10.40%
USD=X USD Cash	1.84%	-11.87%	6.60%	-3.00%	6.20%	7.48%	-8.24%	2.26%	4.69%	-12.29%

Correlation

The correlation between DXSA.DE and USD=X is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	-0.17
Correlation (5Y) Calculated over the trailing 5-year period	-0.19
Correlation (10Y) Calculated over the trailing 10-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Aug 31, 2007	-0.09

The correlation between DXSA.DE and USD=X shifts across timeframes, from -0.19 (5 years) to -0.06 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

DXSA.DE vs. USD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DXSA.DE

DXSA.DE Risk / Return Rank: 54
DXSA.DE Sharpe Ratio Rank: 56
DXSA.DE Sortino Ratio Rank: 53
DXSA.DE Omega Ratio Rank: 56
DXSA.DE Calmar Ratio Rank: 54
DXSA.DE Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DXSA.DE vs. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D (DXSA.DE) and USD Cash (USD=X). 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.

	DXSA.DE	USD=X	Difference
Sharpe ratio: Return per unit of total volatility	1.87	-0.15	+2.01
Sortino ratio: Return per unit of downside risk	2.52	-0.16	+2.68
Omega ratio: Gain probability vs. loss probability	1.34	0.98	+0.36
Calmar ratio: Return relative to maximum drawdown	2.59	-0.18	+2.77
Martin ratio: Return relative to average drawdown	8.70	-0.39	+9.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DXSA.DE vs. USD=X - Sharpe Ratio Comparison

The current DXSA.DE Sharpe Ratio is 1.87, which is higher than the USD=X Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of DXSA.DE and USD=X, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DXSA.DE	USD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	-0.15	+2.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.14	+0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	-0.03	+0.62
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.10	+0.06

Drawdowns

DXSA.DE vs. USD=X - Drawdown Comparison

The maximum DXSA.DE drawdown since its inception was -71.31%, which is greater than USD=X's maximum drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for DXSA.DE and USD=X.

Drawdown Indicators

	DXSA.DE	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-71.31%	-20.32%	-50.99%
Max Drawdown (1Y) Largest decline over 1 year	-7.57%	-5.33%	-2.24%
Max Drawdown (3Y) Largest decline over 3 years	-15.08%	-15.23%	+0.15%
Max Drawdown (5Y) Largest decline over 5 years	-23.14%	-20.32%	-2.82%
Max Drawdown (10Y) Largest decline over 10 years	-36.15%	-20.32%	-15.83%
Current Drawdown Current decline from peak	-0.96%	-16.81%	+15.85%
Average Drawdown Average peak-to-trough decline	-23.06%	-9.48%	-13.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.26%	1.89%	+0.37%

Volatility

DXSA.DE vs. USD=X - Volatility Comparison

Xtrackers Euro Stoxx Quality Dividend UCITS ETF 1D (DXSA.DE) has a higher volatility of 2.73% compared to USD Cash (USD=X) at 1.33%. This indicates that DXSA.DE's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DXSA.DE	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.73%	1.33%	+1.40%
Volatility (6M) Calculated over the trailing 6-month period	8.39%	4.59%	+3.80%
Volatility (1Y) Calculated over the trailing 1-year period	10.51%	5.45%	+5.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.03%	6.44%	+7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.60%	6.20%	+9.40%

Frequently Asked Questions

Can I hold both DXSA.DE and USD=X in my portfolio?

DXSA.DE and USD=X have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.