USDX vs. EUR=X
USDX (SGI Enhanced Core ETF) is Intermediate Core Bond fund actively managed by Summit Global Investments, while EUR=X (USD/EUR) is a currency. Over the past year, USDX returned 6.47% vs 0.04% for EUR=X. At a correlation of -0.03, they often move in opposite directions.
Performance
USDX vs. EUR=X - Performance Comparison
Loading charts...
Different Trading Currencies
USDX is traded in USD, while EUR=X is traded in EUR. To make them comparable, the EUR=X values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USDX achieves a 2.55% return, which is significantly higher than EUR=X's 0.03% return.
USDX
- 1D
- 0.04%
- 1M
- 0.31%
- YTD
- 2.55%
- 6M
- 2.67%
- 1Y
- 6.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUR=X
- 1D
- -0.00%
- 1M
- 0.04%
- YTD
- 0.03%
- 6M
- 0.02%
- 1Y
- 0.04%
- 3Y*
- 0.01%
- 5Y*
- 0.00%
- 10Y*
- 0.03%
USDX vs. EUR=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USDX SGI Enhanced Core ETF | 2.55% | 6.25% | 6.87% |
EUR=X USD/EUR | 0.03% | -0.03% | 0.03% |
Correlation
The correlation between USDX and EUR=X is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2024 | -0.03 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
USDX vs. EUR=X — Risk / Return Rank
USDX
EUR=X
USDX vs. EUR=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Core ETF (USDX) and USD/EUR (EUR=X). 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.
| USDX | EUR=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.10 | ||
| Sortino ratioReturn per unit of downside risk | +4.92 | ||
| Omega ratioGain probability vs. loss probability | 1.77 | 1.01 | +0.77 |
| Calmar ratioReturn relative to maximum drawdown | 6.93 | 0.07 | +6.86 |
| Martin ratioReturn relative to average drawdown | 44.33 | 0.34 | +44.00 |
Loading charts...
Drawdowns
USDX vs. EUR=X - Drawdown Comparison
The maximum USDX drawdown since its inception was -0.94%, smaller than the maximum EUR=X drawdown of -1.88%. Use the drawdown chart below to compare losses from any high point for USDX and EUR=X.
Loading charts...
Drawdown Indicators
| USDX | EUR=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.94% | -1.88% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -0.43% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -0.81% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -1.22% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.83% | +0.83% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -0.87% | +0.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.15% | 0.10% | +0.05% |
Volatility
USDX vs. EUR=X - Volatility Comparison
SGI Enhanced Core ETF (USDX) has a higher volatility of 1.06% compared to USD/EUR (EUR=X) at 0.20%. This indicates that USDX's price experiences larger fluctuations and is considered to be riskier than EUR=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| USDX | EUR=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 0.20% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.90% | 0.58% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.07% | 0.75% | +1.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.74% | 0.73% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.74% | 1.13% | +0.61% |
Frequently Asked Questions
USDX and EUR=X have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USDX has higher volatility (1.06%) compared to EUR=X (0.20%). In terms of maximum drawdown, USDX dropped -0.94% vs EUR=X's -1.88%.
USDX currently has the higher Sharpe Ratio (3.14 vs 0.04), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for USDX and EUR=X
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer