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

SPYM vs. USD=X

Last updated Jun 16, 2026

SPYM (State Street SPDR Portfolio S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index, while USD=X (USD Cash) is a currency. Over the past 10 years, SPYM returned 15.73%/yr vs 0.00%/yr for USD=X.

Performance

SPYM 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 ETF (SPYM) and USD Cash (USD=X). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

SPYM

1D
1.76%
1M
2.12%
YTD
11.01%
6M
11.52%
1Y
27.97%
3Y*
21.24%
5Y*
13.94%
10Y*
15.73%

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)

SPYM vs. USD=X - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPYM
State Street SPDR Portfolio S&P 500 ETF		11.01%17.79%25.00%26.24%-18.09%28.78%18.49%31.99%-4.78%21.30%
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 ETF

USD Cash

Often compared with SPYM:
SPYM vs. SPYSPYM vs. VOOSPYM vs. QQQMSPYM vs. SPMOSPYM vs. VTISPYM vs. SPYGSPYM vs. SCHG
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

SPYM vs. USD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYM
SPYM Risk / Return Rank: 7777
Overall Rank
SPYM Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
SPYM Sortino Ratio Rank: 7878
Sortino Ratio Rank
SPYM Omega Ratio Rank: 7979
Omega Ratio Rank
SPYM Calmar Ratio Rank: 6969
Calmar Ratio Rank
SPYM Martin Ratio Rank: 8181
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.

SPYM 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 ETF (SPYM) 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.

SPYMUSD=XDifference
Sharpe ratioReturn per unit of total volatility
2.28

—

—

Sortino ratioReturn per unit of downside risk
3.07

—

—

Omega ratioGain probability vs. loss probability

1.42

—

—

Calmar ratioReturn relative to maximum drawdown

3.16

—

—

Martin ratioReturn relative to average drawdown

14.26

—

—

SPYM vs. USD=X - Sharpe Ratio Comparison

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Drawdowns

SPYM vs. USD=X - Drawdown Comparison

The maximum SPYM drawdown since its inception was -54.46%, 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 SPYM and USD=X.

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Drawdown Indicators

SPYMUSD=XDifference

Max Drawdown

Largest peak-to-trough decline

-54.46%

0.00%

-54.46%

Max Drawdown (1Y)

Largest decline over 1 year

-8.90%

0.00%

-8.90%

Max Drawdown (3Y)

Largest decline over 3 years

-18.72%

0.00%

-18.72%

Max Drawdown (5Y)

Largest decline over 5 years

-24.48%

0.00%

-24.48%

Max Drawdown (10Y)

Largest decline over 10 years

-33.87%

0.00%

-33.87%

Current Drawdown

Current decline from peak

-0.63%

0.00%

-0.63%

Average Drawdown

Average peak-to-trough decline

-7.14%

0.00%

-7.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.97%

0.00%

+1.97%

Volatility

SPYM vs. USD=X - Volatility Comparison

State Street SPDR Portfolio S&P 500 ETF (SPYM) has a higher volatility of 4.61% compared to USD Cash (USD=X) at 0.00%. This indicates that SPYM'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

SPYMUSD=XDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.61%

0.00%

+4.61%

Volatility (6M)

Calculated over the trailing 6-month period

9.72%

0.00%

+9.72%

Volatility (1Y)

Calculated over the trailing 1-year period

12.33%

0.00%

+12.33%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.89%

0.00%

+16.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.04%

0.00%

+18.04%

Frequently Asked Questions

SPYM has higher volatility (4.61%) compared to USD=X (0.00%). In terms of maximum drawdown, SPYM dropped -54.46% vs USD=X's 0.00%.

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