USD=X vs. SPHY
USD=X (USD Cash) is a currency, while SPHY (SPDR Portfolio High Yield Bond ETF) is High Yield Bonds fund tracking the ICE BofA US High Yield Index. Over the past 10 years, USD=X returned 0.00%/yr vs 5.17%/yr for SPHY.
Performance
USD=X vs. SPHY - 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%
SPHY
- 1D
- 0.30%
- 1M
- 1.45%
- YTD
- 1.98%
- 6M
- 2.24%
- 1Y
- 7.25%
- 3Y*
- 8.90%
- 5Y*
- 4.43%
- 10Y*
- 5.17%
USD=X vs. SPHY - 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% |
SPHY SPDR Portfolio High Yield Bond ETF | 1.98% | 8.59% | 8.54% | 12.81% | -10.57% | 5.61% | 6.65% | 13.16% | -3.35% | 7.35% |
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Return for Risk
USD=X vs. SPHY — Risk / Return Rank
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPHY
USD=X vs. SPHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) and SPDR Portfolio High Yield Bond ETF (SPHY). 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.
| USD=X | SPHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.39 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.02 | — |
| Martin ratioReturn relative to average drawdown | — | 13.62 | — |
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Drawdowns
USD=X vs. SPHY - Drawdown Comparison
The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum SPHY drawdown of -21.97%. Use the drawdown chart below to compare losses from any high point for USD=X and SPHY.
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Drawdown Indicators
| USD=X | SPHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -21.97% | +21.97% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -2.41% | +2.41% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -4.85% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | -15.29% | +15.29% |
Max Drawdown (10Y)Largest decline over 10 years | 0.00% | -21.97% | +21.97% |
Current DrawdownCurrent decline from peak | 0.00% | -0.04% | +0.04% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -2.28% | +2.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.53% | -0.53% |
Volatility
USD=X vs. SPHY - Volatility Comparison
The current volatility for USD Cash (USD=X) is 0.00%, while SPDR Portfolio High Yield Bond ETF (SPHY) has a volatility of 1.12%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky than SPHY 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 | SPHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.12% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 2.98% | -2.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 3.73% | -3.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 7.18% | -7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 7.87% | -7.87% |
Frequently Asked Questions
SPHY has higher volatility (1.12%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs SPHY's -21.97%.
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