XAGUSD=X vs. XAUT-USD
XAGUSD=X (Silver Spot Price US Dollar) is a currency, while XAUT-USD (Tether Gold USD) is a cryptocurrency. Over the past 5 years, XAGUSD=X returned 17.00%/yr vs 17.58%/yr for XAUT-USD. A 0.62 correlation means they provide meaningful diversification when combined.
Performance
XAGUSD=X vs. XAUT-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XAGUSD=X achieves a -20.25% return, which is significantly lower than XAUT-USD's -7.55% return.
XAGUSD=X
- 1D
- -0.05%
- 1M
- -25.55%
- YTD
- -20.25%
- 6M
- -21.81%
- 1Y
- 57.77%
- 3Y*
- 35.93%
- 5Y*
- 17.00%
- 10Y*
- 12.43%
XAUT-USD
- 1D
- -0.22%
- 1M
- -11.23%
- YTD
- -7.55%
- 6M
- -10.98%
- 1Y
- 20.14%
- 3Y*
- 27.67%
- 5Y*
- 17.58%
- 10Y*
- —
XAGUSD=X vs. XAUT-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XAGUSD=X Silver Spot Price US Dollar | -20.25% | 148.50% | 21.59% | -0.79% | 2.85% | -11.48% | 47.57% |
XAUT-USD Tether Gold USD | -7.55% | 64.73% | 27.39% | 13.75% | -0.68% | -4.67% | 18.28% |
Correlation
The correlation between XAGUSD=X and XAUT-USD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.62 |
The correlation between XAGUSD=X and XAUT-USD has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XAGUSD=X vs. XAUT-USD — Risk / Return Rank
XAGUSD=X
XAUT-USD
XAGUSD=X vs. XAUT-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Silver Spot Price US Dollar (XAGUSD=X) and Tether Gold USD (XAUT-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 | XAUT-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 0.73 | +0.14 |
| Martin ratioReturn relative to average drawdown | 1.97 | 1.90 | +0.07 |
Loading charts...
Drawdowns
XAGUSD=X vs. XAUT-USD - Drawdown Comparison
The maximum XAGUSD=X drawdown since its inception was -75.36%, which is greater than XAUT-USD's maximum drawdown of -27.53%. Use the drawdown chart below to compare losses from any high point for XAGUSD=X and XAUT-USD.
Loading charts...
Drawdown Indicators
| XAGUSD=X | XAUT-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -75.36% | -27.53% | -47.83% |
Max Drawdown (1Y)Largest decline over 1 year | -50.93% | -27.53% | -23.40% |
Max Drawdown (3Y)Largest decline over 3 years | -50.93% | -27.53% | -23.40% |
Max Drawdown (5Y)Largest decline over 5 years | -50.93% | -27.53% | -23.40% |
Max Drawdown (10Y)Largest decline over 10 years | -50.93% | — | — |
Current DrawdownCurrent decline from peak | -50.93% | -27.53% | -23.40% |
Average DrawdownAverage peak-to-trough decline | -44.79% | -6.61% | -38.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.06% | 12.72% | +12.34% |
Volatility
XAGUSD=X vs. XAUT-USD - Volatility Comparison
Silver Spot Price US Dollar (XAGUSD=X) has a higher volatility of 15.94% compared to Tether Gold USD (XAUT-USD) at 8.12%. This indicates that XAGUSD=X's price experiences larger fluctuations and is considered to be riskier than XAUT-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XAGUSD=X | XAUT-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.94% | 8.12% | +7.82% |
Volatility (6M)Calculated over the trailing 6-month period | 55.54% | 24.24% | +31.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.26% | 22.68% | +32.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.23% | 15.10% | +20.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.36% | 15.30% | +16.06% |
Frequently Asked Questions
XAGUSD=X and XAUT-USD have a correlation of 0.66, 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 (15.94%) compared to XAUT-USD (8.12%). In terms of maximum drawdown, XAGUSD=X dropped -75.36% vs XAUT-USD's -27.53%.
XAGUSD=X currently has the higher Sharpe Ratio (0.80 vs 0.74), 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.
Find the right allocation for XAGUSD=X and XAUT-USD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer