USD=X vs. SHV
USD=X (USD Cash) is a currency, while SHV (iShares 0-1 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE Short US Treasury Securities Index. Over the past 10 years, USD=X returned 0.00%/yr vs 2.23%/yr for SHV.
Performance
USD=X vs. SHV - Performance Comparison
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Returns By Period
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%
SHV
- 1D
- 0.01%
- 1M
- 0.26%
- YTD
- 1.47%
- 6M
- 1.74%
- 1Y
- 3.90%
- 3Y*
- 4.63%
- 5Y*
- 3.33%
- 10Y*
- 2.23%
USD=X vs. SHV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SHV iShares 0-1 Year Treasury Bond ETF | 1.47% | 4.21% | 5.12% | 5.04% | 0.94% | -0.10% | 0.81% | 2.36% | 1.72% | 0.67% |
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Return for Risk
USD=X vs. SHV — Risk / Return Rank
USD=X
SHV
USD=X vs. SHV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) and iShares 0-1 Year Treasury Bond ETF (SHV). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| USD=X | SHV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 19.49 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 11.62 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 8.09 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 4.50 | — |
Drawdowns
USD=X vs. SHV - Drawdown Comparison
The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum SHV drawdown of -0.45%. Use the drawdown chart below to compare losses from any high point for USD=X and SHV.
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Drawdown Indicators
| USD=X | SHV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -0.45% | +0.45% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -0.01% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -0.03% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | -0.39% | +0.39% |
Max Drawdown (10Y)Largest decline over 10 years | 0.00% | -0.45% | +0.45% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -0.03% | +0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.00% | 0.00% |
Volatility
USD=X vs. SHV - Volatility Comparison
The current volatility for USD Cash (USD=X) is 0.00%, while iShares 0-1 Year Treasury Bond ETF (SHV) has a volatility of 0.05%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky than SHV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD=X | SHV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.05% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 0.12% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 0.20% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 0.29% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 0.28% | -0.28% |
Frequently Asked Questions
SHV has higher volatility (0.05%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs SHV's -0.45%.
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