EXUS.DE vs. USD=X

Last updated Jun 5, 2026

EXUS.DE (Xtrackers MSCI World ex USA UCITS ETF 1C USD) is Global Equities fund tracking the MSCI World ex USA index, while USD=X (USD Cash) is a currency. Over the past year, EXUS.DE returned 20.32% vs -1.05% for USD=X. At a correlation of -0.02, they often move in opposite directions.

Performance

EXUS.DE vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

EXUS.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, EXUS.DE achieves a 9.64% return, which is significantly higher than USD=X's 1.84% return.

EXUS.DE

• 1D: 0.19%
• 1M: 2.59%
• YTD: 9.64%
• 6M: 11.77%
• 1Y: 20.32%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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)

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

	2026 (YTD)	2025	2024
EXUS.DE Xtrackers MSCI World ex USA UCITS ETF 1C USD	9.64%	17.80%	5.15%
USD=X USD Cash	1.84%	-11.87%	5.14%

Correlation

The correlation between EXUS.DE and USD=X is -0.12, 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	-0.12
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024	-0.02

Return for Risk

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

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

EXUS.DE

EXUS.DE Risk / Return Rank: 49
EXUS.DE Sharpe Ratio Rank: 47
EXUS.DE Sortino Ratio Rank: 49
EXUS.DE Omega Ratio Rank: 50
EXUS.DE Calmar Ratio Rank: 47
EXUS.DE Martin Ratio Rank: 54

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.

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

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.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.

	EXUS.DE	USD=X	Difference
Sharpe ratio: Return per unit of total volatility	1.62	-0.15	+1.76
Sortino ratio: Return per unit of downside risk	2.36	-0.16	+2.52
Omega ratio: Gain probability vs. loss probability	1.31	0.98	+0.32
Calmar ratio: Return relative to maximum drawdown	2.30	-0.18	+2.48
Martin ratio: Return relative to average drawdown	9.01	-0.39	+9.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current EXUS.DE Sharpe Ratio is 1.62, which is higher than the USD=X Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of EXUS.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

	EXUS.DE	USD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	-0.15	+1.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.14	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.10	+1.00

Drawdowns

EXUS.DE vs. USD=X - Drawdown Comparison

The maximum EXUS.DE drawdown since its inception was -16.21%, smaller than the maximum USD=X drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for EXUS.DE and USD=X.

Drawdown Indicators

	EXUS.DE	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-16.21%	-20.32%	+4.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.68%	-5.33%	-3.35%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.32%	—
Current Drawdown Current decline from peak	-0.76%	-16.81%	+16.05%
Average Drawdown Average peak-to-trough decline	-1.78%	-9.48%	+7.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	1.89%	+0.34%

Volatility

EXUS.DE vs. USD=X - Volatility Comparison

Xtrackers MSCI World ex USA UCITS ETF 1C USD (EXUS.DE) has a higher volatility of 3.28% compared to USD Cash (USD=X) at 1.33%. This indicates that EXUS.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

	EXUS.DE	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.28%	1.33%	+1.95%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	4.59%	+5.47%
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	5.45%	+6.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.39%	6.44%	+6.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.39%	6.20%	+7.19%

Frequently Asked Questions

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

EXUS.DE and USD=X have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.