USD=X vs. SPY
Compare and contrast key facts about USD Cash (USD=X) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USD=X or SPY.
Key characteristics
| USD=X | SPY | |
|---|---|---|
| YTD Return | 0.00% | 6.58% |
| 1Y Return | 0.00% | 25.57% |
| 3Y Return (Ann) | 0.00% | 8.08% |
| 5Y Return (Ann) | 0.00% | 13.25% |
| 10Y Return (Ann) | 0.00% | 12.38% |
| Daily Std Dev | 0.00% | 11.60% |
| Current Drawdown | 0.00% | -3.47% |
Correlation
The correlation between USD=X and SPY is 0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
USD=X vs. SPY - Performance Comparison
The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
USD=X vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) and 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.
Not enough dataDrawdowns
USD=X vs. SPY - Drawdown Comparison
Volatility
USD=X vs. SPY - Volatility Comparison
The current volatility for USD Cash (USD=X) is 0.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.03%. 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.