USD=X vs. USDX

Last updated Jun 3, 2026

USD=X (USD Cash) is a currency, while USDX (SGI Enhanced Core ETF) is Intermediate Core Bond fund actively managed by Summit Global Investments. Over the past year, USD=X returned 0.00% vs 6.26% for USDX.

Performance

USD=X vs. USDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in USD Cash (USD=X) and SGI Enhanced Core ETF (USDX). The values are adjusted to include any dividend payments, if applicable.

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%

USDX

• 1D: -0.04%
• 1M: 0.13%
• YTD: 1.99%
• 6M: 2.41%
• 1Y: 6.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

USD=X vs. USDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USD=X USD Cash	0.00%	0.00%	0.00%
USDX SGI Enhanced Core ETF	1.99%	6.25%	6.87%

Return for Risk

USD=X vs. USDX — Risk / Return Rank

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

USDX

USDX Risk / Return Rank: 95
USDX Sharpe Ratio Rank: 91
USDX Sortino Ratio Rank: 95
USDX Omega Ratio Rank: 96
USDX Calmar Ratio Rank: 93
USDX Martin Ratio Rank: 97

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. USDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) and SGI Enhanced Core ETF (USDX). 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.

Sharpe Ratios by Period

	USD=X	USDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	3.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	4.03	—

Drawdowns

USD=X vs. USDX - Drawdown Comparison

The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum USDX drawdown of -0.94%. Use the drawdown chart below to compare losses from any high point for USD=X and USDX.

Drawdown Indicators

	USD=X	USDX	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-0.94%	+0.94%
Max Drawdown (1Y) Largest decline over 1 year	0.00%	-0.94%	+0.94%
Max Drawdown (3Y) Largest decline over 3 years	0.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	0.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	0.00%	—	—
Current Drawdown Current decline from peak	0.00%	-0.45%	+0.45%
Average Drawdown Average peak-to-trough decline	0.00%	-0.06%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.00%	0.13%	-0.13%

Volatility

USD=X vs. USDX - Volatility Comparison

The current volatility for USD Cash (USD=X) is 0.00%, while SGI Enhanced Core ETF (USDX) has a volatility of 1.05%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky than USDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USD=X	USDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	1.05%	-1.05%
Volatility (6M) Calculated over the trailing 6-month period	0.00%	1.72%	-1.72%
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	1.91%	-1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	1.68%	-1.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	1.68%	-1.68%

Frequently Asked Questions

Which is riskier, USD=X or USDX?

USDX has higher volatility (1.05%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs USDX's -0.94%.