XAUUSD=X vs. TRX-USD
XAUUSD=X (Gold Spot Price US Dollar) is a currency, while TRX-USD (Tronix) is a cryptocurrency. Over the past 5 years, XAUUSD=X returned 19.00%/yr vs 35.86%/yr for TRX-USD. At a 0.04 correlation, their price movements are largely independent.
Performance
XAUUSD=X vs. TRX-USD - Performance Comparison
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Returns By Period
In the year-to-date period, XAUUSD=X achieves a -0.05% return, which is significantly lower than TRX-USD's 12.08% return.
XAUUSD=X
- 1D
- -0.12%
- 1M
- -4.85%
- YTD
- -0.05%
- 6M
- 0.36%
- 1Y
- 25.89%
- 3Y*
- 30.22%
- 5Y*
- 19.00%
- 10Y*
- 12.78%
TRX-USD
- 1D
- -0.99%
- 1M
- -10.31%
- YTD
- 12.08%
- 6M
- 14.44%
- 1Y
- 16.17%
- 3Y*
- 65.33%
- 5Y*
- 35.86%
- 10Y*
- —
XAUUSD=X vs. TRX-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XAUUSD=X Gold Spot Price US Dollar | -0.05% | 64.75% | 27.24% | 13.14% | -0.25% | -3.50% | 24.55% | 18.77% | -1.71% | -1.83% |
TRX-USD Tronix | 12.08% | 11.86% | 135.87% | 97.75% | -27.86% | 180.88% | 102.08% | -29.71% | -57.23% | 2,056.30% |
Correlation
The correlation between XAUUSD=X and TRX-USD is 0.03, 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 | 0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2017 | 0.04 |
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Return for Risk
XAUUSD=X vs. TRX-USD — Risk / Return Rank
XAUUSD=X
TRX-USD
XAUUSD=X vs. TRX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold Spot Price US Dollar (XAUUSD=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.
| XAUUSD=X | TRX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.10 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.61 | +0.21 |
| Martin ratioReturn relative to average drawdown | 2.36 | 1.07 | +1.29 |
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Drawdowns
XAUUSD=X vs. TRX-USD - Drawdown Comparison
The maximum XAUUSD=X drawdown since its inception was -44.69%, smaller than the maximum TRX-USD drawdown of -95.89%. Use the drawdown chart below to compare losses from any high point for XAUUSD=X and TRX-USD.
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Drawdown Indicators
| XAUUSD=X | TRX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.69% | -95.89% | +51.20% |
Max Drawdown (1Y)Largest decline over 1 year | -24.85% | -26.58% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -24.85% | -50.98% | +26.13% |
Max Drawdown (5Y)Largest decline over 5 years | -24.85% | -59.60% | +34.75% |
Max Drawdown (10Y)Largest decline over 10 years | -24.85% | — | — |
Current DrawdownCurrent decline from peak | -20.26% | -26.45% | +6.19% |
Average DrawdownAverage peak-to-trough decline | -16.45% | -62.44% | +45.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.57% | 13.07% | -3.50% |
Volatility
XAUUSD=X vs. TRX-USD - Volatility Comparison
The current volatility for Gold Spot Price US Dollar (XAUUSD=X) is 7.99%, while Tronix (TRX-USD) has a volatility of 8.72%. This indicates that XAUUSD=X experiences smaller price fluctuations and is considered to be less risky 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
| XAUUSD=X | TRX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.99% | 8.72% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 22.47% | 17.86% | +4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.51% | 23.85% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 58.43% | -41.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 110.17% | -94.95% |
Frequently Asked Questions
XAUUSD=X and TRX-USD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRX-USD has higher volatility (8.72%) compared to XAUUSD=X (7.99%). In terms of maximum drawdown, XAUUSD=X dropped -44.69% vs TRX-USD's -95.89%.
XAUUSD=X currently has the higher Sharpe Ratio (0.87 vs 0.56), 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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