USD=X vs. SPY
Compare and contrast key facts about USD Cash (USD=X) and State Street 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.
Performance
USD=X vs. SPY - Performance Comparison
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USD=X vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | -3.56% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
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
- 0.09%
- 1M
- -3.34%
- YTD
- -3.56%
- 6M
- -1.44%
- 1Y
- 17.51%
- 3Y*
- 18.37%
- 5Y*
- 11.88%
- 10Y*
- 14.11%
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Return for Risk
USD=X vs. SPY — Risk / Return Rank
USD=X
SPY
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.
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Sharpe Ratios by Period
| USD=X | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.92 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.70 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.56 | — |
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.
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Drawdown Indicators
| USD=X | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 (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 DrawdownCurrent decline from peak | 0.00% | -5.44% | +5.44% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -9.09% | +9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 2.57% | -2.57% |
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 5.28%. 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.
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Volatility by Period
| USD=X | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 5.28% | -5.28% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 9.49% | -9.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 19.06% | -19.06% |
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% | 17.92% | -17.92% |