USDX vs. USD=X

Last updated Apr 1, 2026

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

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

Performance

USDX vs. USD=X - Performance Comparison

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

USDX vs. USD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USDX SGI Enhanced Core ETF	1.14%	6.25%	6.87%
USD=X USD Cash	0.00%	0.00%	0.00%

Returns By Period

USDX

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

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%

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

Return for Risk

USDX vs. USD=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

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. USD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Core ETF (USDX) and USD Cash (USD=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	USD=X	Difference
Sharpe ratio Return per unit of total volatility	3.22	—	—
Sortino ratio Return per unit of downside risk	5.01	—	—
Omega ratio Gain probability vs. loss probability	1.82	—	—
Calmar ratio Return relative to maximum drawdown	6.17	—	—
Martin ratio Return relative to average drawdown	33.00	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	USDX	USD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.40	—	—

Drawdowns

USDX vs. USD=X - Drawdown Comparison

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

Drawdown Indicators

	USDX	USD=X	Difference
Max Drawdown Largest peak-to-trough decline	-0.94%	0.00%	-0.94%
Max Drawdown (1Y) Largest decline over 1 year	-0.94%	0.00%	-0.94%
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	-0.10%	0.00%	-0.10%
Average Drawdown Average peak-to-trough decline	-0.06%	0.00%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	0.00%	+0.18%

Volatility

USDX vs. USD=X - Volatility Comparison

SGI Enhanced Core ETF (USDX) has a higher volatility of 0.47% compared to USD Cash (USD=X) at 0.00%. This indicates that USDX's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDX	USD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.47%	0.00%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	1.39%	0.00%	+1.39%
Volatility (1Y) Calculated over the trailing 1-year period	1.78%	0.00%	+1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.57%	0.00%	+1.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.57%	0.00%	+1.57%