USD=X vs. TBLL
USD=X (USD Cash) is a currency, while TBLL (Invesco Short Term Treasury ETF) is Ultrashort Bond fund tracking the ICE U.S. Treasury Short Bond Index. Over the past 5 years, USD=X returned 0.00%/yr vs 3.36%/yr for TBLL.
Performance
USD=X vs. TBLL - 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%
TBLL
- 1D
- 0.02%
- 1M
- 0.27%
- YTD
- 1.48%
- 6M
- 1.74%
- 1Y
- 3.91%
- 3Y*
- 4.63%
- 5Y*
- 3.36%
- 10Y*
- —
USD=X vs. TBLL - 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% |
TBLL Invesco Short Term Treasury ETF | 1.48% | 4.21% | 5.11% | 5.01% | 1.11% | -0.01% | 0.93% | 2.20% | 1.85% | 0.62% |
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Return for Risk
USD=X vs. TBLL — Risk / Return Rank
USD=X
TBLL
USD=X vs. TBLL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) and Invesco Short Term Treasury ETF (TBLL). 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 | TBLL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 20.94 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 7.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 4.26 | — |
Drawdowns
USD=X vs. TBLL - Drawdown Comparison
The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum TBLL drawdown of -0.63%. Use the drawdown chart below to compare losses from any high point for USD=X and TBLL.
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Drawdown Indicators
| USD=X | TBLL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -0.63% | +0.63% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -0.01% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -0.36% | +0.36% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | -0.36% | +0.36% |
Max Drawdown (10Y)Largest decline over 10 years | 0.00% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -0.14% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.00% | 0.00% |
Volatility
USD=X vs. TBLL - Volatility Comparison
The current volatility for USD Cash (USD=X) is 0.00%, while Invesco Short Term Treasury ETF (TBLL) has a volatility of 0.04%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky than TBLL 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 | TBLL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.04% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 0.12% | -0.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 0.19% | -0.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 0.45% | -0.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 0.56% | -0.56% |
Frequently Asked Questions
TBLL has higher volatility (0.04%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs TBLL's -0.63%.
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