XAGUSD=X vs. TRX-USD
XAGUSD=X (Silver Spot Price US Dollar) is a currency, while TRX-USD (Tronix) is a cryptocurrency. Over the past 5 years, XAGUSD=X returned 20.08%/yr vs 41.90%/yr for TRX-USD. At a 0.08 correlation, their price movements are largely independent.
Performance
XAGUSD=X vs. TRX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XAGUSD=X achieves a -9.97% return, which is significantly lower than TRX-USD's 17.44% return.
XAGUSD=X
- 1D
- -1.27%
- 1M
- -14.24%
- YTD
- -9.97%
- 6M
- -6.24%
- 1Y
- 78.91%
- 3Y*
- 42.34%
- 5Y*
- 20.08%
- 10Y*
- 13.80%
TRX-USD
- 1D
- 1.92%
- 1M
- -7.97%
- YTD
- 17.44%
- 6M
- 17.34%
- 1Y
- 26.63%
- 3Y*
- 65.81%
- 5Y*
- 41.90%
- 10Y*
- —
XAGUSD=X vs. TRX-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XAGUSD=X Silver Spot Price US Dollar | -9.97% | 148.50% | 21.59% | -0.79% | 2.85% | -11.48% | 47.14% | 15.71% | -8.76% | -4.88% |
TRX-USD Tronix | 17.44% | 11.86% | 135.87% | 97.75% | -27.86% | 180.88% | 102.08% | -29.71% | -57.23% | 2,056.30% |
Correlation
The correlation between XAGUSD=X and TRX-USD is 0.08, 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 | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2017 | 0.08 |
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Return for Risk
XAGUSD=X vs. TRX-USD — Risk / Return Rank
XAGUSD=X
TRX-USD
XAGUSD=X vs. TRX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Silver Spot Price US Dollar (XAGUSD=X) and Tronix (TRX-USD). 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.
| XAGUSD=X | TRX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.00 | +0.30 |
| Martin ratioReturn relative to average drawdown | 2.72 | 1.75 | +0.97 |
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Drawdowns
XAGUSD=X vs. TRX-USD - Drawdown Comparison
The maximum XAGUSD=X drawdown since its inception was -75.36%, smaller than the maximum TRX-USD drawdown of -95.89%. Use the drawdown chart below to compare losses from any high point for XAGUSD=X and TRX-USD.
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Drawdown Indicators
| XAGUSD=X | TRX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.36% | -95.89% | +20.53% |
Max Drawdown (1Y)Largest decline over 1 year | -45.83% | -26.58% | -19.25% |
Max Drawdown (3Y)Largest decline over 3 years | -45.83% | -50.98% | +5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -45.83% | -59.60% | +13.77% |
Max Drawdown (10Y)Largest decline over 10 years | -45.83% | — | — |
Current DrawdownCurrent decline from peak | -44.61% | -22.93% | -21.68% |
Average DrawdownAverage peak-to-trough decline | -44.76% | -62.36% | +17.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.47% | 9.44% | +15.03% |
Volatility
XAGUSD=X vs. TRX-USD - Volatility Comparison
Silver Spot Price US Dollar (XAGUSD=X) has a higher volatility of 13.95% compared to Tronix (TRX-USD) at 9.04%. This indicates that XAGUSD=X's price experiences larger fluctuations and is considered to be riskier than TRX-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XAGUSD=X | TRX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.95% | 9.04% | +4.91% |
Volatility (6M)Calculated over the trailing 6-month period | 55.70% | 17.85% | +37.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.68% | 23.91% | +30.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.03% | 57.73% | -22.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.27% | 110.05% | -78.78% |
Frequently Asked Questions
XAGUSD=X and TRX-USD have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XAGUSD=X has higher volatility (13.95%) compared to TRX-USD (9.04%). In terms of maximum drawdown, XAGUSD=X dropped -75.36% vs TRX-USD's -95.89%.
XAGUSD=X currently has the higher Sharpe Ratio (1.09 vs 0.93), 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.
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