XCO2.DE vs. USD=X
XCO2.DE (Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc) is Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD, while USD=X (USD Cash) is a currency. Over the past 5 years, XCO2.DE returned -0.58%/yr vs 0.98%/yr for USD=X. At a 0.16 correlation, their price movements are largely independent.
Performance
XCO2.DE vs. USD=X - Performance Comparison
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Different Trading Currencies
XCO2.DE is traded in EUR, while USD=X is traded in USD. To make them comparable, the USD=X values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XCO2.DE achieves a 1.63% return, which is significantly lower than USD=X's 3.35% return.
XCO2.DE
- 1D
- -0.15%
- 1M
- 0.99%
- YTD
- 1.63%
- 6M
- 1.90%
- 1Y
- 2.82%
- 3Y*
- 3.84%
- 5Y*
- -0.58%
- 10Y*
- —
USD=X
- 1D
- 0.00%
- 1M
- 2.33%
- YTD
- 3.35%
- 6M
- 3.67%
- 1Y
- 2.55%
- 3Y*
- -1.21%
- 5Y*
- 0.98%
- 10Y*
- -0.28%
XCO2.DE vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
XCO2.DE Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc | 1.63% | 1.12% | 4.38% | 5.87% | -15.35% | -2.28% | 3.83% | -0.80% |
USD=X USD Cash | 3.35% | -11.87% | 6.60% | -3.00% | 6.20% | 7.48% | -8.24% | -1.32% |
Correlation
The correlation between XCO2.DE and USD=X 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 | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2019 | 0.16 |
The correlation between XCO2.DE and USD=X shifts across timeframes, from 0.03 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XCO2.DE vs. USD=X — Risk / Return Rank
XCO2.DE
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
XCO2.DE vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.DE) 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.
| XCO2.DE | USD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.08 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.20 | 0.55 | +0.65 |
| Martin ratioReturn relative to average drawdown | 3.72 | 1.26 | +2.46 |
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Drawdowns
XCO2.DE vs. USD=X - Drawdown Comparison
The maximum XCO2.DE drawdown since its inception was -17.88%, smaller than the maximum USD=X drawdown of -20.32%. Use the drawdown chart below to compare losses from any high point for XCO2.DE and USD=X.
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Drawdown Indicators
| XCO2.DE | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.88% | -20.32% | +2.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.33% | -5.33% | +3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -2.47% | -15.23% | +12.76% |
Max Drawdown (5Y)Largest decline over 5 years | -17.24% | -20.32% | +3.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.32% | — |
Current DrawdownCurrent decline from peak | -6.75% | -15.58% | +8.83% |
Average DrawdownAverage peak-to-trough decline | -8.53% | -9.35% | +0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.90% | -1.14% |
Volatility
XCO2.DE vs. USD=X - Volatility Comparison
The current volatility for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.DE) is 0.92%, while USD Cash (USD=X) has a volatility of 1.48%. This indicates that XCO2.DE experiences smaller price fluctuations and is considered to be less risky than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCO2.DE | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.92% | 1.48% | -0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 4.65% | -2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.66% | 5.37% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.88% | 6.43% | -1.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.24% | 6.15% | -0.91% |
Frequently Asked Questions
XCO2.DE and USD=X 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.
Find the right allocation for XCO2.DE and USD=X
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