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USD=X vs. SWPPX
Performance
Return for Risk
Drawdowns
Volatility

USD=X vs. SWPPX

Last updated Jun 26, 2026

USD=X (USD Cash) is a currency, while SWPPX (Schwab S&P 500 Index Fund) is Large Cap Blend Equities fund tracking the S&P 500 Index. Over the past 10 years, USD=X returned 0.00%/yr vs 15.59%/yr for SWPPX.

Performance

USD=X vs. SWPPX - Performance Comparison

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

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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%

SWPPX

1D
-0.11%
1M
-2.02%
YTD
8.10%
6M
6.82%
1Y
22.22%
3Y*
20.75%
5Y*
13.03%
10Y*
15.59%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USD=X vs. SWPPX - 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%
SWPPX
Schwab S&P 500 Index Fund		8.10%17.87%24.96%26.26%-18.14%28.67%18.38%31.46%-4.47%21.81%

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USD Cash

Schwab S&P 500 Index Fund

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 SWPPX:
SWPPX vs. VOOSWPPX vs. SWTSXSWPPX vs. SCHXSWPPX vs. SCHDSWPPX vs. SWLGXSWPPX vs. SNXFXSWPPX vs. QQQ

Return for Risk

USD=X vs. SWPPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USD=X

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SWPPX
SWPPX Risk / Return Rank: 5555
Overall Rank
SWPPX Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SWPPX Sortino Ratio Rank: 4848
Sortino Ratio Rank
SWPPX Omega Ratio Rank: 5050
Omega Ratio Rank
SWPPX Calmar Ratio Rank: 5656
Calmar Ratio Rank
SWPPX Martin Ratio Rank: 6868
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. SWPPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) and Schwab S&P 500 Index Fund (SWPPX). 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=XSWPPXDifference
Sharpe ratioReturn per unit of total volatility

—

1.78

—

Sortino ratioReturn per unit of downside risk

—

2.43

—

Omega ratioGain probability vs. loss probability

—

1.32

—

Calmar ratioReturn relative to maximum drawdown

—

2.51

—

Martin ratioReturn relative to average drawdown

—

11.20

—

USD=X vs. SWPPX - Sharpe Ratio Comparison

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Drawdowns

USD=X vs. SWPPX - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for USD=X and SWPPX.

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Drawdown Indicators

USD=XSWPPXDifference

Max Drawdown

Largest peak-to-trough decline

0.00%

-55.06%

+55.06%

Max Drawdown (1Y)

Largest decline over 1 year

0.00%

-8.89%

+8.89%

Max Drawdown (3Y)

Largest decline over 3 years

0.00%

-18.74%

+18.74%

Max Drawdown (5Y)

Largest decline over 5 years

0.00%

-24.51%

+24.51%

Max Drawdown (10Y)

Largest decline over 10 years

0.00%

-33.80%

+33.80%

Current Drawdown

Current decline from peak

0.00%

-3.22%

+3.22%

Average Drawdown

Average peak-to-trough decline

0.00%

-9.93%

+9.93%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.00%

1.99%

-1.99%

Volatility

USD=X vs. SWPPX - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 4.92%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USD=XSWPPXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

4.92%

-4.92%

Volatility (6M)

Calculated over the trailing 6-month period

0.00%

9.93%

-9.93%

Volatility (1Y)

Calculated over the trailing 1-year period

0.00%

12.57%

-12.57%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

0.00%

17.04%

-17.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

0.00%

18.24%

-18.24%

Frequently Asked Questions

SWPPX has higher volatility (4.92%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs SWPPX's -55.06%.

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