USDX vs. WPM

Last updated Jun 5, 2026

USDX (SGI Enhanced Core ETF) is Intermediate Core Bond fund actively managed by Summit Global Investments, while WPM (Wheaton Precious Metals Corp.) is a stock. Over the past year, USDX returned 5.97% vs 39.36% for WPM. At a correlation of -0.07, they often move in opposite directions.

Performance

USDX vs. WPM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SGI Enhanced Core ETF (USDX) and Wheaton Precious Metals Corp. (WPM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USDX achieves a 1.79% return, which is significantly lower than WPM's 9.62% return.

USDX

• 1D: -0.19%
• 1M: -0.06%
• YTD: 1.79%
• 6M: 2.25%
• 1Y: 5.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —

WPM

• 1D: 2.79%
• 1M: 2.70%
• YTD: 9.62%
• 6M: 18.41%
• 1Y: 39.36%
• 3Y*: 42.33%
• 5Y*: 22.96%
• 10Y*: 21.60%

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

USDX vs. WPM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
USDX SGI Enhanced Core ETF	1.79%	6.25%	6.87%
WPM Wheaton Precious Metals Corp.	9.62%	110.52%	38.04%

Correlation

The correlation between USDX and WPM is -0.05, 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	-0.05
Correlation (All Time) Calculated using the full available price history since Mar 1, 2024	-0.07

Return for Risk

USDX vs. WPM — Risk / Return Rank

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

USDX

USDX Risk / Return Rank: 94
USDX Sharpe Ratio Rank: 90
USDX Sortino Ratio Rank: 94
USDX Omega Ratio Rank: 96
USDX Calmar Ratio Rank: 92
USDX Martin Ratio Rank: 97

WPM

WPM Risk / Return Rank: 66
WPM Sharpe Ratio Rank: 69
WPM Sortino Ratio Rank: 62
WPM Omega Ratio Rank: 63
WPM Calmar Ratio Rank: 66
WPM Martin Ratio Rank: 70

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. WPM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Core ETF (USDX) and Wheaton Precious Metals Corp. (WPM). 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	WPM	Difference
Sharpe ratio: Return per unit of total volatility	3.11	0.89	+2.22
Sortino ratio: Return per unit of downside risk	4.82	1.31	+3.51
Omega ratio: Gain probability vs. loss probability	1.77	1.18	+0.59
Calmar ratio: Return relative to maximum drawdown	6.40	1.28	+5.11
Martin ratio: Return relative to average drawdown	43.95	3.52	+40.43
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. WPM - Sharpe Ratio Comparison

The current USDX Sharpe Ratio is 3.11, which is higher than the WPM Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of USDX and WPM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USDX	WPM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	0.89	+2.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	3.96	0.72	+3.24

Drawdowns

USDX vs. WPM - Drawdown Comparison

The maximum USDX drawdown since its inception was -0.94%, smaller than the maximum WPM drawdown of -48.64%. Use the drawdown chart below to compare losses from any high point for USDX and WPM.

Drawdown Indicators

	USDX	WPM	Difference
Max Drawdown Largest peak-to-trough decline	-0.94%	-48.64%	+47.70%
Max Drawdown (1Y) Largest decline over 1 year	-0.94%	-30.84%	+29.90%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-43.29%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.64%	—
Current Drawdown Current decline from peak	-0.64%	-22.26%	+21.62%
Average Drawdown Average peak-to-trough decline	-0.06%	-18.85%	+18.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.14%	11.24%	-11.10%

Volatility

USDX vs. WPM - Volatility Comparison

The current volatility for SGI Enhanced Core ETF (USDX) is 0.98%, while Wheaton Precious Metals Corp. (WPM) has a volatility of 15.48%. This indicates that USDX experiences smaller price fluctuations and is considered to be less risky than WPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDX	WPM	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.98%	15.48%	-14.50%
Volatility (6M) Calculated over the trailing 6-month period	1.73%	37.57%	-35.84%
Volatility (1Y) Calculated over the trailing 1-year period	1.93%	44.46%	-42.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.68%	35.08%	-33.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.68%	36.59%	-34.91%

Dividends

USDX vs. WPM - Dividend Comparison

USDX's dividend yield for the trailing twelve months is around 5.90%, more than WPM's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
USDX SGI Enhanced Core ETF	5.90%	5.88%	4.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WPM Wheaton Precious Metals Corp.	0.56%	0.56%	1.10%	1.22%	1.54%	1.33%	1.01%	1.21%	1.84%	1.49%	1.09%

Frequently Asked Questions

Can I hold both USDX and WPM in my portfolio?

USDX and WPM have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USDX or WPM?

WPM has higher volatility (15.48%) compared to USDX (0.98%). In terms of maximum drawdown, USDX dropped -0.94% vs WPM's -48.64%.

Which has better risk-adjusted returns?

USDX currently has the higher Sharpe Ratio (3.11 vs 0.89), 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.