SPYJ.DE vs. USD=X
SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) is REIT fund tracking the Dow Jones Global Select Real Estate Securities, while USD=X (USD Cash) is a currency. Over the past 10 years, SPYJ.DE returned 3.07%/yr vs -0.28%/yr for USD=X. At a 0.20 correlation, their price movements are largely independent.
Performance
SPYJ.DE vs. USD=X - Performance Comparison
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Different Trading Currencies
SPYJ.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, SPYJ.DE achieves a 13.86% return, which is significantly higher than USD=X's 3.35% return. Over the past 10 years, SPYJ.DE has outperformed USD=X with an annualized return of 3.07%, while USD=X has yielded a comparatively lower -0.28% annualized return.
SPYJ.DE
- 1D
- -0.27%
- 1M
- 2.98%
- YTD
- 13.86%
- 6M
- 15.17%
- 1Y
- 17.84%
- 3Y*
- 9.23%
- 5Y*
- 2.86%
- 10Y*
- 3.07%
USD=X
- 1D
- 0.00%
- 1M
- 2.33%
- YTD
- 3.35%
- 6M
- 3.67%
- 1Y
- 2.55%
- 3Y*
- -1.21%
- 5Y*
- 0.98%
- 10Y*
- -0.28%
SPYJ.DE vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 13.86% | -2.34% | 4.88% | 7.77% | -20.63% | 41.27% | -18.75% | 22.75% | -2.91% | -4.97% |
USD=X USD Cash | 3.35% | -11.87% | 6.60% | -3.00% | 6.20% | 7.48% | -8.24% | 2.26% | 4.69% | -12.29% |
Correlation
The correlation between SPYJ.DE and USD=X is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2012 | 0.20 |
The correlation between SPYJ.DE and USD=X shifts across timeframes, from 0.08 (5 years) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYJ.DE vs. USD=X — Risk / Return Rank
SPYJ.DE
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYJ.DE vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.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.
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.
| SPYJ.DE | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.08 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.08 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 0.55 | +2.01 |
| Martin ratioReturn relative to average drawdown | 8.86 | 1.26 | +7.60 |
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Drawdowns
SPYJ.DE vs. USD=X - Drawdown Comparison
The maximum SPYJ.DE drawdown since its inception was -42.93%, 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 SPYJ.DE and USD=X.
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Drawdown Indicators
| SPYJ.DE | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.93% | -20.32% | -22.61% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -5.33% | -1.62% |
Max Drawdown (3Y)Largest decline over 3 years | -20.28% | -15.23% | -5.05% |
Max Drawdown (5Y)Largest decline over 5 years | -30.70% | -20.32% | -10.38% |
Max Drawdown (10Y)Largest decline over 10 years | -42.93% | -20.32% | -22.61% |
Current DrawdownCurrent decline from peak | -2.82% | -15.58% | +12.76% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -9.35% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.90% | +0.11% |
Volatility
SPYJ.DE vs. USD=X - Volatility Comparison
SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) has a higher volatility of 4.12% compared to USD Cash (USD=X) at 1.48%. This indicates that SPYJ.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
| SPYJ.DE | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 1.48% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 4.65% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.66% | 5.37% | +6.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.19% | 6.43% | +8.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 6.15% | +10.81% |
Frequently Asked Questions
SPYJ.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.
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