USDX vs. USD=X

Last updated Jun 24, 2026

USDX (SGI Enhanced Core ETF) is Intermediate Core Bond fund actively managed by Summit Global Investments, while USD=X (USD Cash) is a currency. Over the past year, USDX returned 6.47% vs 0.00% for USD=X.

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.

Returns By Period

USDX

• 1D: 0.04%
• 1M: 0.31%
• YTD: 2.55%
• 6M: 2.67%
• 1Y: 6.47%
• 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)

USDX vs. USD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USDX SGI Enhanced Core ETF	2.55%	6.25%	6.87%
USD=X USD Cash	0.00%	0.00%	0.00%

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: 95
USDX Sharpe Ratio Rank: 92
USDX Sortino Ratio Rank: 95
USDX Omega Ratio Rank: 96
USDX Calmar Ratio Rank: 94
USDX Martin Ratio Rank: 97

USD=X

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

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	USD=X	Difference
Sharpe ratio: Return per unit of total volatility	3.14	—	—
Sortino ratio: Return per unit of downside risk	4.98	—	—
Omega ratio: Gain probability vs. loss probability	1.77	—	—
Calmar ratio: Return relative to maximum drawdown	6.93	—	—
Martin ratio: Return relative to average drawdown	44.33	—	—

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 (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%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.06%	0.00%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.15%	0.00%	+0.15%

Volatility

USDX vs. USD=X - Volatility Comparison

SGI Enhanced Core ETF (USDX) has a higher volatility of 1.06% 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	1.06%	0.00%	+1.06%
Volatility (6M) Calculated over the trailing 6-month period	1.90%	0.00%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	2.07%	0.00%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.74%	0.00%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.74%	0.00%	+1.74%

Frequently Asked Questions

Which is riskier, USDX or USD=X?

USDX has higher volatility (1.06%) compared to USD=X (0.00%). In terms of maximum drawdown, USDX dropped -0.94% vs USD=X's 0.00%.