USD vs. CHF=X
USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), while CHF=X (USD/CHF) is a currency. Over the past 10 years, USD returned 58.18%/yr vs -0.01%/yr for CHF=X. At a correlation of -0.01, they often move in opposite directions.
Performance
USD vs. CHF=X - Performance Comparison
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Different Trading Currencies
USD is traded in USD, while CHF=X is traded in CHF. To make them comparable, the CHF=X values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USD achieves a 69.08% return, which is significantly higher than CHF=X's -0.22% return. Over the past 10 years, USD has outperformed CHF=X with an annualized return of 58.18%, while CHF=X has yielded a comparatively lower -0.01% annualized return.
USD
- 1D
- -16.84%
- 1M
- 0.03%
- YTD
- 69.08%
- 6M
- 62.79%
- 1Y
- 196.23%
- 3Y*
- 111.77%
- 5Y*
- 61.72%
- 10Y*
- 58.18%
CHF=X
- 1D
- -0.18%
- 1M
- -0.15%
- YTD
- -0.22%
- 6M
- -0.09%
- 1Y
- 0.05%
- 3Y*
- -0.04%
- 5Y*
- -0.03%
- 10Y*
- -0.01%
USD vs. CHF=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 69.08% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
CHF=X USD/CHF | -0.22% | 0.10% | 0.01% | 0.00% | 0.01% | -0.11% | 0.20% | 0.02% | -0.13% | 0.12% |
Correlation
The correlation between USD and CHF=X is -0.10, 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 | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 30, 2007 | -0.01 |
The correlation between USD and CHF=X shifts across timeframes, from -0.10 (1 year) to 0.02 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
USD vs. CHF=X — Risk / Return Rank
USD
CHF=X
USD vs. CHF=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and USD/CHF (CHF=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.
| USD | CHF=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.01 | +0.41 |
| Calmar ratioReturn relative to maximum drawdown | 6.21 | 0.09 | +6.12 |
| Martin ratioReturn relative to average drawdown | 17.82 | 0.28 | +17.54 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| USD | CHF=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 0.03 | +3.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | -0.01 | +0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.84 | -0.01 | +0.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | -0.00 | +0.47 |
Drawdowns
USD vs. CHF=X - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than CHF=X's maximum drawdown of -2.14%. Use the drawdown chart below to compare losses from any high point for USD and CHF=X.
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Drawdown Indicators
| USD | CHF=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -2.14% | -86.49% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -0.49% | -31.31% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | -1.13% | -63.33% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | -1.13% | -76.72% |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | -2.14% | -75.71% |
Current DrawdownCurrent decline from peak | -21.89% | -1.60% | -20.29% |
Average DrawdownAverage peak-to-trough decline | -32.34% | -1.05% | -31.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.06% | 0.12% | +10.94% |
Volatility
USD vs. CHF=X - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 27.63% compared to USD/CHF (CHF=X) at 0.33%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than CHF=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD | CHF=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.63% | 0.33% | +27.30% |
Volatility (6M)Calculated over the trailing 6-month period | 50.45% | 0.97% | +49.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.70% | 1.63% | +62.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.91% | 1.60% | +75.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.45% | 1.61% | +67.84% |
Frequently Asked Questions
USD and CHF=X have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (27.63%) compared to CHF=X (0.33%). In terms of maximum drawdown, USD dropped -88.63% vs CHF=X's -2.14%.
USD currently has the higher Sharpe Ratio (3.10 vs 0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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