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ISPA.DE vs. USD=X
Performance
Return for Risk
Drawdowns
Volatility

ISPA.DE vs. USD=X

Last updated Jun 5, 2026

ISPA.DE (iShares STOXX Global Select Dividend 100 UCITS ETF (DE)) is Global Equities fund tracking the STOXX® Global Select Dividend 100 index, while USD=X (USD Cash) is a currency. Over the past 10 years, ISPA.DE returned 8.98%/yr vs -0.25%/yr for USD=X. At a 0.13 correlation, their price movements are largely independent.

Performance

ISPA.DE vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

ISPA.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, ISPA.DE achieves a 13.48% return, which is significantly higher than USD=X's 1.84% return. Over the past 10 years, ISPA.DE has outperformed USD=X with an annualized return of 8.98%, while USD=X has yielded a comparatively lower -0.25% annualized return.

ISPA.DE

1D
0.49%
1M
2.41%
YTD
13.48%
6M
15.60%
1Y
28.97%
3Y*
18.65%
5Y*
11.00%
10Y*
8.98%

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)

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

2026 (YTD)202520242023202220212020201920182017
ISPA.DE
iShares STOXX Global Select Dividend 100 UCITS ETF (DE)		13.48%19.72%12.97%4.80%0.43%22.39%-9.12%24.24%-7.51%2.97%
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 ISPA.DE and USD=X is -0.01, 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 (1Y)
Calculated over the trailing 1-year period

-0.01

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (5Y)
Calculated over the trailing 5-year period

-0.03

Correlation (10Y)
Calculated over the trailing 10-year period

0.09

Correlation (All Time)
Calculated using the full available price history since Oct 14, 2009

0.13

The correlation between ISPA.DE and USD=X shifts across timeframes, from -0.03 (5 years) to 0.13 (all time), reflecting how their relationship changes across market environments.

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iShares STOXX Global Select Dividend 100 UCITS ETF (DE)

USD Cash

Often compared with ISPA.DE:
ISPA.DE vs. VDIV.DEISPA.DE vs. VGWD.DEISPA.DE vs. FUSD.LISPA.DE vs. SPYDISPA.DE vs. LYYA.DEISPA.DE vs. QQQYISPA.DE vs. SPY
Often compared with USD=X:
USD=X vs. UUPUSD=X vs. EUR=XUSD=X vs. XRP-USDUSD=X vs. BTC-USDUSD=X vs. QQQUSD=X vs. TSLAUSD=X vs. USDX

Return for Risk

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

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ISPA.DE
ISPA.DE Risk / Return Rank: 9393
Overall Rank
ISPA.DE Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
ISPA.DE Sortino Ratio Rank: 9393
Sortino Ratio Rank
ISPA.DE Omega Ratio Rank: 9292
Omega Ratio Rank
ISPA.DE Calmar Ratio Rank: 9595
Calmar Ratio Rank
ISPA.DE Martin Ratio Rank: 9494
Martin Ratio Rank
USD=X
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.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.

ISPA.DEUSD=XDifference
Sharpe ratioReturn per unit of total volatility
3.35
-0.15

+3.50

Sortino ratioReturn per unit of downside risk
4.67
-0.16

+4.83

Omega ratioGain probability vs. loss probability

1.62

0.98

+0.63

Calmar ratioReturn relative to maximum drawdown

8.10

-0.18

+8.28

Martin ratioReturn relative to average drawdown

28.73

-0.39

+29.13

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current ISPA.DE Sharpe Ratio is 3.35, which is higher than the USD=X Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of ISPA.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.

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Sharpe Ratios by Period

ISPA.DEUSD=XDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

3.35

-0.15

+3.50

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.14

+0.77

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.60

-0.03

+0.64

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

0.10

+0.58

Drawdowns

ISPA.DE vs. USD=X - Drawdown Comparison

The maximum ISPA.DE drawdown since its inception was -38.91%, 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 ISPA.DE and USD=X.

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Drawdown Indicators

ISPA.DEUSD=XDifference

Max Drawdown

Largest peak-to-trough decline

-38.91%

-20.32%

-18.59%

Max Drawdown (1Y)

Largest decline over 1 year

-3.63%

-5.33%

+1.70%

Max Drawdown (3Y)

Largest decline over 3 years

-15.10%

-15.23%

+0.13%

Max Drawdown (5Y)

Largest decline over 5 years

-15.10%

-20.32%

+5.22%

Max Drawdown (10Y)

Largest decline over 10 years

-38.91%

-20.32%

-18.59%

Current Drawdown

Current decline from peak

-1.09%

-16.81%

+15.72%

Average Drawdown

Average peak-to-trough decline

-4.46%

-9.48%

+5.02%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.03%

1.89%

-0.86%

Volatility

ISPA.DE vs. USD=X - Volatility Comparison

iShares STOXX Global Select Dividend 100 UCITS ETF (DE) (ISPA.DE) has a higher volatility of 2.62% compared to USD Cash (USD=X) at 1.33%. This indicates that ISPA.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.

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Volatility by Period

ISPA.DEUSD=XDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.62%

1.33%

+1.29%

Volatility (6M)

Calculated over the trailing 6-month period

6.51%

4.59%

+1.92%

Volatility (1Y)

Calculated over the trailing 1-year period

8.77%

5.45%

+3.32%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

12.00%

6.44%

+5.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.79%

6.20%

+8.59%

Frequently Asked Questions

ISPA.DE and USD=X have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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