Invesco DB US Dollar Index Bearish Fund (UDN)
UDN is a passive ETF by Invesco tracking the investment results of the Deutsche Bank Short USD Currency Portfolio Index. UDN launched on Feb 20, 2007 and has a 0.77% expense ratio.
ETF Info
| ISIN | US73936D2062 |
|---|---|
| CUSIP | 46141D104 |
| Issuer | Invesco |
| Inception Date | Feb 20, 2007 |
| Region | North America (U.S.) |
| Category | Currency |
| Index Tracked | Deutsche Bank Short USD Currency Portfolio Index |
| Asset Class | Currency |
Expense Ratio
UDN features an expense ratio of 0.77%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: UDN vs. UUP, UDN vs. SPY, UDN vs. BTC-USD, UDN vs. XLK, UDN vs. TLT
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.
Returns By Period
Invesco DB US Dollar Index Bearish Fund had a return of -1.25% year-to-date (YTD) and -0.31% in the last 12 months. Over the past 10 years, Invesco DB US Dollar Index Bearish Fund had an annualized return of -2.94%, while the S&P 500 had an annualized return of 10.58%, indicating that Invesco DB US Dollar Index Bearish Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.25% | 13.20% |
| 1 month | 1.68% | -1.28% |
| 6 months | 0.78% | 10.32% |
| 1 year | -0.31% | 18.23% |
| 5 years (annualized) | -0.94% | 12.31% |
| 10 years (annualized) | -2.94% | 10.58% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.95% | -0.33% | -0.11% | -1.56% | 1.92% | -0.83% | -1.25% | ||||||
| 2023 | 1.62% | -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% |
| 2019 | 0.52% | -0.71% | -1.19% | -0.29% | -0.29% | 1.75% | -2.67% | -0.21% | -0.69% | 2.23% | -1.02% | 1.72% | -0.95% |
| 2018 | 3.31% | -1.69% | 0.53% | -2.10% | -2.53% | -0.62% | 0.05% | -0.69% | -0.05% | -2.07% | -0.19% | 1.06% | -5.01% |
| 2017 | 2.64% | -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% |
| 2013 | 0.77% | -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 13, indicating that it is in the bottom 13% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
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.
Dividends
Dividend History
Invesco DB US Dollar Index Bearish Fund granted a 5.28% dividend yield in the last twelve months. The annual payout for that period amounted to $0.96 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.96 | $0.96 | $0.13 | $0.00 | $0.00 | $0.28 | $0.27 | $0.02 |
Dividend yield | 5.28% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $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.
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 33.04%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -41.67% | Mar 18, 2008 | 3659 | Sep 27, 2022 | — | — | — |
| -3.76% | Nov 27, 2007 | 15 | Dec 17, 2007 | 29 | Jan 30, 2008 | 44 |
| -2.66% | May 1, 2007 | 36 | Jun 20, 2007 | 7 | Jun 29, 2007 | 43 |
| -2.48% | Jan 31, 2008 | 6 | Feb 7, 2008 | 12 | Feb 26, 2008 | 18 |
| -1.77% | Jul 25, 2007 | 17 | Aug 16, 2007 | 14 | Sep 6, 2007 | 31 |
Volatility
Volatility Chart
The current Invesco DB US Dollar Index Bearish Fund volatility is 1.22%, 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.