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Invesco DB US Dollar Index Bearish Fund (UDN)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISINUS73936D2062
CUSIP46141D104
IssuerInvesco
Inception DateFeb 20, 2007
RegionNorth America (U.S.)
CategoryCurrency
Index TrackedDeutsche Bank Short USD Currency Portfolio Index
Asset ClassCurrency

Expense Ratio

UDN has a high expense ratio of 0.77%, indicating higher-than-average management fees.


Expense ratio chart for UDN: current value at 0.77% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.77%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Invesco DB US Dollar Index Bearish Fund

Popular comparisons: UDN vs. SPY, UDN vs. UUP, UDN vs. BTC-USD, UDN vs. XLK

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Invesco DB US Dollar Index Bearish Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-50.00%0.00%50.00%100.00%150.00%200.00%250.00%300.00%December2024FebruaryMarchAprilMay
-19.69%
263.42%
UDN (Invesco DB US Dollar Index Bearish Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

Invesco DB US Dollar Index Bearish Fund had a return of -2.17% year-to-date (YTD) and 2.44% in the last 12 months. Over the past 10 years, Invesco DB US Dollar Index Bearish Fund had an annualized return of -3.13%, while the S&P 500 had an annualized return of 10.76%, indicating that Invesco DB US Dollar Index Bearish Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date-2.17%11.21%
1 month1.24%4.60%
6 months0.12%16.35%
1 year2.44%27.79%
5 years (annualized)-1.23%13.43%
10 years (annualized)-3.13%10.76%

Monthly Returns

The table below presents the monthly returns of UDN, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-1.95%-0.33%-0.11%-1.56%-2.17%
20231.62%-2.66%2.57%1.22%-2.37%1.40%1.33%-1.50%-2.16%-0.11%3.27%2.39%4.88%
2022-1.04%-0.20%-1.75%-4.79%1.55%-3.00%-1.14%-2.75%-3.39%0.82%5.62%2.25%-7.96%
2021-0.83%-0.46%-2.56%2.15%1.36%-2.78%0.28%-0.71%-1.76%0.08%-1.97%0.05%-7.03%
2020-1.22%-0.73%-0.63%-0.20%0.60%0.85%4.10%1.12%-1.90%-0.12%2.11%2.18%6.17%
20190.52%-0.71%-1.19%-0.29%-0.29%1.75%-2.67%-0.21%-0.69%2.23%-1.02%1.72%-0.95%
20183.31%-1.69%0.53%-2.10%-2.53%-0.62%0.05%-0.69%-0.05%-2.07%-0.19%1.06%-5.01%
20172.64%-1.48%0.58%1.39%1.94%1.35%2.75%0.13%-0.62%-1.68%1.67%0.56%9.50%
2016-0.98%1.46%3.72%1.69%-2.94%-0.27%0.55%-0.63%0.64%-3.08%-3.46%-1.02%-4.48%
2015-5.22%-0.49%-4.11%3.86%-2.24%1.47%-1.72%1.42%-0.36%-0.82%-3.39%1.66%-9.85%
2014-1.48%2.02%-0.55%0.78%-1.06%0.81%-2.20%-1.67%-3.92%-1.23%-1.81%-2.46%-12.20%
20130.77%-3.68%-1.14%1.69%-2.11%0.08%2.08%-0.49%2.46%-0.15%-0.52%0.63%-0.55%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of UDN is 15, indicating that it is in the bottom 15% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of UDN is 1515
UDN (Invesco DB US Dollar Index Bearish Fund)
The Sharpe Ratio Rank of UDN is 1717Sharpe Ratio Rank
The Sortino Ratio Rank of UDN is 1616Sortino Ratio Rank
The Omega Ratio Rank of UDN is 1515Omega Ratio Rank
The Calmar Ratio Rank of UDN is 1212Calmar Ratio Rank
The Martin Ratio Rank of UDN is 1515Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Invesco DB US Dollar Index Bearish Fund (UDN) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


UDN
Sharpe ratio
The chart of Sharpe ratio for UDN, currently valued at 0.32, compared to the broader market0.002.004.006.000.32
Sortino ratio
The chart of Sortino ratio for UDN, currently valued at 0.52, compared to the broader market0.005.0010.000.52
Omega ratio
The chart of Omega ratio for UDN, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.001.06
Calmar ratio
The chart of Calmar ratio for UDN, currently valued at 0.06, compared to the broader market0.005.0010.0015.000.06
Martin ratio
The chart of Martin ratio for UDN, currently valued at 0.62, compared to the broader market0.0020.0040.0060.0080.00100.000.62
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.52, compared to the broader market0.002.004.006.002.52
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.56, compared to the broader market0.005.0010.003.56
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.44, compared to the broader market0.501.001.502.002.503.001.44
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.04, compared to the broader market0.005.0010.0015.002.04
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 9.59, compared to the broader market0.0020.0040.0060.0080.00100.009.59

Sharpe Ratio

The current Invesco DB US Dollar Index Bearish Fund Sharpe ratio is 0.32. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Invesco DB US Dollar Index Bearish Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00December2024FebruaryMarchAprilMay
0.32
2.52
UDN (Invesco DB US Dollar Index Bearish Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Invesco DB US Dollar Index Bearish Fund granted a 5.33% dividend yield in the last twelve months. The annual payout for that period amounted to $0.96 per share.


PeriodTTM2023202220212020201920182017
Dividend$0.96$0.96$0.13$0.00$0.00$0.28$0.27$0.02

Dividend yield

5.33%5.21%0.69%0.00%0.00%1.38%1.26%0.11%

Monthly Dividends

The table displays the monthly dividend distributions for Invesco DB US Dollar Index Bearish Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.96$0.96
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.13$0.13
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.28$0.28
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.27$0.27
2017$0.02$0.02

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-40.00%-30.00%-20.00%-10.00%0.00%December2024FebruaryMarchAprilMay
-33.67%
-0.31%
UDN (Invesco DB US Dollar Index Bearish Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Invesco DB US Dollar Index Bearish Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco DB US Dollar Index Bearish Fund was 41.67%, occurring on Sep 27, 2022. The portfolio has not yet recovered.

The current Invesco DB US Dollar Index Bearish Fund drawdown is 33.67%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-41.67%Mar 18, 20083659Sep 27, 2022
-3.76%Nov 27, 200715Dec 17, 200729Jan 30, 200844
-2.66%May 1, 200736Jun 20, 20077Jun 29, 200743
-2.48%Jan 31, 20086Feb 7, 200812Feb 26, 200818
-1.77%Jul 25, 200717Aug 16, 200714Sep 6, 200731

Volatility

Volatility Chart

The current Invesco DB US Dollar Index Bearish Fund volatility is 1.57%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%December2024FebruaryMarchAprilMay
1.57%
3.10%
UDN (Invesco DB US Dollar Index Bearish Fund)
Benchmark (^GSPC)