USDX vs. EUR=X

Last updated Apr 1, 2026

Compare and contrast key facts about SGI Enhanced Core ETF (USDX) and USD/EUR (EUR=X).

USDX is an actively managed fund by Summit Global Investments. It was launched on Feb 28, 2024.

Performance

USDX vs. EUR=X - Performance Comparison

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

USDX vs. EUR=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USDX SGI Enhanced Core ETF	1.14%	6.25%	6.87%
EUR=X USD/EUR	0.10%	-0.03%	0.02%

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 1.14% return, which is significantly higher than EUR=X's 0.10% return.

USDX

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

EUR=X

• 1D: 0.09%
• 1M: 0.10%
• YTD: 0.10%
• 6M: 0.09%
• 1Y: 0.13%
• 3Y*: 0.03%
• 5Y*: 0.02%
• 10Y*: 0.01%

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

Return for Risk

USDX vs. EUR=X — 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

EUR=X

EUR=X Risk / Return Rank: 25
EUR=X Sharpe Ratio Rank: 16
EUR=X Sortino Ratio Rank: 20
EUR=X Omega Ratio Rank: 16
EUR=X Calmar Ratio Rank: 38
EUR=X Martin Ratio Rank: 37

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. 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.

	USDX	EUR=X	Difference
Sharpe ratio Return per unit of total volatility	3.22	0.10	+3.12
Sortino ratio Return per unit of downside risk	5.01	0.14	+4.87
Omega ratio Gain probability vs. loss probability	1.82	1.03	+0.79
Calmar ratio Return relative to maximum drawdown	6.17	0.21	+5.96
Martin ratio Return relative to average drawdown	33.00	1.27	+31.73
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. EUR=X - Sharpe Ratio Comparison

The current USDX Sharpe Ratio is 3.22, which is higher than the EUR=X Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of USDX and EUR=X, 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	EUR=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.22	0.10	+3.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.02	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.40	0.00	+4.40

Correlation

The correlation between USDX and EUR=X is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

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 -1.76%. Use the drawdown chart below to compare losses from any high point for USDX and EUR=X.

Drawdown Indicators

	USDX	EUR=X	Difference
Max Drawdown Largest peak-to-trough decline	-0.94%	-20.32%	+19.38%
Max Drawdown (1Y) Largest decline over 1 year	-0.94%	-10.36%	+9.42%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.32%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-20.32%	—
Current Drawdown Current decline from peak	-0.10%	-17.02%	+16.92%
Average Drawdown Average peak-to-trough decline	-0.06%	-9.49%	+9.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	2.39%	-2.21%

Volatility

USDX vs. EUR=X - Volatility Comparison

SGI Enhanced Core ETF (USDX) and USD/EUR (EUR=X) have volatilities of 0.47% and 0.46%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDX	EUR=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	0.46%	+0.01%
Volatility (6M) Calculated over the trailing 6-month period	1.39%	0.48%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	1.78%	1.03%	+0.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.57%	0.72%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.57%	1.14%	+0.43%