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SPYD vs. USD=X
Performance
Return for Risk
Drawdowns
Volatility

SPYD vs. USD=X

Last updated Jun 20, 2026

SPYD (State Street SPDR Portfolio S&P 500 High Dividend ETF) is S&P 500 fund tracking the S&P 500 High Dividend Index, while USD=X (USD Cash) is a currency. Over the past 10 years, SPYD returned 8.52%/yr vs 0.00%/yr for USD=X.

Performance

SPYD vs. USD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

SPYD

1D
-0.08%
1M
0.89%
YTD
10.94%
6M
11.30%
1Y
17.69%
3Y*
13.11%
5Y*
8.30%
10Y*
8.52%

USD=X

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
0.00%
3Y*
0.00%
5Y*
0.00%
10Y*
0.00%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYD vs. USD=X - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPYD
State Street SPDR Portfolio S&P 500 High Dividend ETF		10.94%4.65%15.34%3.91%-1.17%32.73%-11.64%21.20%-4.89%12.67%
USD=X
USD Cash		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

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State Street SPDR Portfolio S&P 500 High Dividend ETF

USD Cash

Often compared with SPYD:
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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

SPYD vs. USD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYD
SPYD Risk / Return Rank: 4646
Overall Rank
SPYD Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
SPYD Sortino Ratio Rank: 4747
Sortino Ratio Rank
SPYD Omega Ratio Rank: 4141
Omega Ratio Rank
SPYD Calmar Ratio Rank: 5353
Calmar Ratio Rank
SPYD Martin Ratio Rank: 4646
Martin Ratio Rank
USD=X

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SPYD vs. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SPYDUSD=XDifference
Sharpe ratioReturn per unit of total volatility
1.50

—

—

Sortino ratioReturn per unit of downside risk
2.25

—

—

Omega ratioGain probability vs. loss probability

1.26

—

—

Calmar ratioReturn relative to maximum drawdown

2.52

—

—

Martin ratioReturn relative to average drawdown

7.28

—

—

SPYD vs. USD=X - Sharpe Ratio Comparison

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Drawdowns

SPYD vs. USD=X - Drawdown Comparison

The maximum SPYD drawdown since its inception was -46.42%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for SPYD and USD=X.

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Drawdown Indicators

SPYDUSD=XDifference

Max Drawdown

Largest peak-to-trough decline

-46.42%

0.00%

-46.42%

Max Drawdown (1Y)

Largest decline over 1 year

-7.05%

0.00%

-7.05%

Max Drawdown (3Y)

Largest decline over 3 years

-16.13%

0.00%

-16.13%

Max Drawdown (5Y)

Largest decline over 5 years

-22.25%

0.00%

-22.25%

Max Drawdown (10Y)

Largest decline over 10 years

-46.42%

0.00%

-46.42%

Current Drawdown

Current decline from peak

-3.30%

0.00%

-3.30%

Average Drawdown

Average peak-to-trough decline

-6.15%

0.00%

-6.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.43%

0.00%

+2.43%

Volatility

SPYD vs. USD=X - Volatility Comparison

State Street SPDR Portfolio S&P 500 High Dividend ETF (SPYD) has a higher volatility of 3.57% compared to USD Cash (USD=X) at 0.00%. This indicates that SPYD'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

SPYDUSD=XDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.57%

0.00%

+3.57%

Volatility (6M)

Calculated over the trailing 6-month period

8.03%

0.00%

+8.03%

Volatility (1Y)

Calculated over the trailing 1-year period

11.84%

0.00%

+11.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.10%

0.00%

+16.10%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.79%

0.00%

+19.79%

Frequently Asked Questions

SPYD has higher volatility (3.57%) compared to USD=X (0.00%). In terms of maximum drawdown, SPYD dropped -46.42% vs USD=X's 0.00%.

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