PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
USD=X vs. SPY
Performance
Return for Risk
Drawdowns
Volatility

USD=X vs. SPY

Last updated Jun 3, 2026

USD=X (USD Cash) is a currency, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, USD=X returned 0.00%/yr vs 15.57%/yr for SPY.

Performance

USD=X vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USD Cash (USD=X) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

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%

SPY

1D
0.14%
1M
5.40%
YTD
11.69%
6M
12.09%
1Y
29.62%
3Y*
22.64%
5Y*
14.20%
10Y*
15.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USD=X vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USD=X
USD Cash		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SPY
State Street SPDR S&P 500 ETF		11.69%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-4.57%21.71%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

USD Cash

State Street SPDR S&P 500 ETF

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
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

USD=X vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USD=X
SPY
SPY Risk / Return Rank: 7575
Overall Rank
SPY Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 7575
Sortino Ratio Rank
SPY Omega Ratio Rank: 7676
Omega Ratio Rank
SPY Calmar Ratio Rank: 6868
Calmar Ratio Rank
SPY Martin Ratio Rank: 8080
Martin Ratio Rank
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.

USD=X vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) and State Street SPDR S&P 500 ETF (SPY). 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.

USD=X vs. SPY - Sharpe Ratio Comparison

Loading charts...

Sharpe Ratios by Period

USD=XSPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

—

2.52

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.84

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.87

—

Sharpe Ratio (All Time)

Calculated using the full available price history

—

0.59

—

Drawdowns

USD=X vs. SPY - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for USD=X and SPY.

Loading charts...

Drawdown Indicators

USD=XSPYDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-55.19%

+55.19%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-8.88%

+8.88%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-18.76%

+18.76%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-24.50%

+24.50%

Max Drawdown (10Y)

Largest decline over 10 years

0.00%

-33.72%

+33.72%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

0.00%

-9.05%

+9.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

1.91%

-1.91%

Volatility

USD=X vs. SPY - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 2.75%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

USD=XSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

2.75%

-2.75%

Volatility (6M)

Calculated over the trailing 6-month period

0.00%

8.89%

-8.89%

Volatility (1Y)

Calculated over the trailing 1-year period

0.00%

11.81%

-11.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.00%

17.05%

-17.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.00%

17.94%

-17.94%

Frequently Asked Questions

SPY has higher volatility (2.75%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs SPY's -55.19%.

Portfolio Optimizer

Find the right allocation for USD=X and SPY

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer