USDX vs. ARCM

Last updated Apr 1, 2026

Compare and contrast key facts about SGI Enhanced Core ETF (USDX) and Arrow Reserve Capital Management ETF (ARCM).

USDX and ARCM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USDX is an actively managed fund by Summit Global Investments. It was launched on Feb 28, 2024. ARCM is an actively managed fund by Arrow Funds. It was launched on Mar 31, 2017.

Performance

USDX vs. ARCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI Enhanced Core ETF (USDX) and Arrow Reserve Capital Management ETF (ARCM). The values are adjusted to include any dividend payments, if applicable.

USDX vs. ARCM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USDX SGI Enhanced Core ETF	1.14%	6.25%	6.87%
ARCM Arrow Reserve Capital Management ETF	0.71%	4.11%	4.28%

Returns By Period

In the year-to-date period, USDX achieves a 1.14% return, which is significantly higher than ARCM's 0.71% return.

USDX

• 1D: -0.10%
• 1M: 0.62%
• YTD: 1.14%
• 6M: 3.03%
• 1Y: 5.70%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ARCM

• 1D: 0.03%
• 1M: 0.12%
• YTD: 0.71%
• 6M: 1.67%
• 1Y: 3.77%
• 3Y*: 4.60%
• 5Y*: 3.03%
• 10Y*: —

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

USDX vs. ARCM - Expense Ratio Comparison

USDX has a 0.98% expense ratio, which is higher than ARCM's 0.50% expense ratio.

USDX

SGI Enhanced Core ETF

ARCM

Arrow Reserve Capital Management ETF

Return for Risk

USDX vs. ARCM — Risk / Return Rank

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

USDX

USDX Risk / Return Rank: 98
USDX Sharpe Ratio Rank: 98
USDX Sortino Ratio Rank: 98
USDX Omega Ratio Rank: 98
USDX Calmar Ratio Rank: 98
USDX Martin Ratio Rank: 98

ARCM

ARCM Risk / Return Rank: 99
ARCM Sharpe Ratio Rank: 99
ARCM Sortino Ratio Rank: 99
ARCM Omega Ratio Rank: 99
ARCM Calmar Ratio Rank: 99
ARCM Martin Ratio Rank: 100

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.

USDX vs. ARCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Core ETF (USDX) and Arrow Reserve Capital Management ETF (ARCM). 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.

	USDX	ARCM	Difference
Sharpe ratio Return per unit of total volatility	3.22	8.72	-5.49
Sortino ratio Return per unit of downside risk	5.01	18.04	-13.03
Omega ratio Gain probability vs. loss probability	1.82	4.62	-2.80
Calmar ratio Return relative to maximum drawdown	6.17	30.46	-24.29
Martin ratio Return relative to average drawdown	33.00	243.95	-210.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USDX vs. ARCM - Sharpe Ratio Comparison

The current USDX Sharpe Ratio is 3.22, which is lower than the ARCM Sharpe Ratio of 8.72. The chart below compares the historical Sharpe Ratios of USDX and ARCM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	USDX	ARCM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.22	8.72	-5.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.40	0.00	+4.40

Correlation

The correlation between USDX and ARCM is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

USDX vs. ARCM - Dividend Comparison

USDX's dividend yield for the trailing twelve months is around 5.63%, more than ARCM's 3.88% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
USDX SGI Enhanced Core ETF	5.63%	5.88%	4.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ARCM Arrow Reserve Capital Management ETF	3.88%	4.13%	4.87%	4.26%	0.90%	0.02%	0.84%	2.32%	1.91%	0.62%

Drawdowns

USDX vs. ARCM - Drawdown Comparison

The maximum USDX drawdown since its inception was -0.94%, smaller than the maximum ARCM drawdown of -96.02%. Use the drawdown chart below to compare losses from any high point for USDX and ARCM.

Drawdown Indicators

	USDX	ARCM	Difference
Max Drawdown Largest peak-to-trough decline	-0.94%	-96.02%	+95.08%
Max Drawdown (1Y) Largest decline over 1 year	-0.94%	-0.12%	-0.82%
Max Drawdown (5Y) Largest decline over 5 years	—	-3.46%	—
Current Drawdown Current decline from peak	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.06%	-0.78%	+0.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	0.02%	+0.16%

Volatility

USDX vs. ARCM - Volatility Comparison

SGI Enhanced Core ETF (USDX) has a higher volatility of 0.47% compared to Arrow Reserve Capital Management ETF (ARCM) at 0.18%. This indicates that USDX's price experiences larger fluctuations and is considered to be riskier than ARCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDX	ARCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	0.18%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	1.39%	0.31%	+1.08%
Volatility (1Y) Calculated over the trailing 1-year period	1.78%	0.43%	+1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.57%	3.02%	-1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.57%	835.19%	-833.62%