^DXY vs. SPY
Compare and contrast key facts about US Dollar Currency Index (^DXY) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DXY or SPY.
Correlation
The correlation between ^DXY and SPY is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
^DXY vs. SPY - Performance Comparison
Key characteristics
^DXY:
0.41
SPY:
1.88
^DXY:
0.61
SPY:
2.53
^DXY:
1.07
SPY:
1.35
^DXY:
0.06
SPY:
2.83
^DXY:
1.05
SPY:
11.74
^DXY:
2.30%
SPY:
2.02%
^DXY:
5.88%
SPY:
12.64%
^DXY:
-56.70%
SPY:
-55.19%
^DXY:
-35.42%
SPY:
-0.42%
Returns By Period
In the year-to-date period, ^DXY achieves a -1.95% return, which is significantly lower than SPY's 4.15% return. Over the past 10 years, ^DXY has underperformed SPY with an annualized return of 1.07%, while SPY has yielded a comparatively higher 13.18% annualized return.
^DXY
-1.95%
-1.56%
4.79%
2.27%
1.24%
1.07%
SPY
4.15%
1.22%
10.44%
24.34%
14.62%
13.18%
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Risk-Adjusted Performance
^DXY vs. SPY — Risk-Adjusted Performance Rank
^DXY
SPY
^DXY vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Dollar Currency Index (^DXY) and SPDR S&P 500 ETF (SPY). 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.
Drawdowns
^DXY vs. SPY - Drawdown Comparison
The maximum ^DXY drawdown since its inception was -56.70%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^DXY and SPY. For additional features, visit the drawdowns tool.
Volatility
^DXY vs. SPY - Volatility Comparison
The current volatility for US Dollar Currency Index (^DXY) is 2.01%, while SPDR S&P 500 ETF (SPY) has a volatility of 2.88%. This indicates that ^DXY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.