Invesco DB US Dollar Index Bearish Fund (UDN) belongs to the Currency category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with UDN. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to UDN
UDN charges 0.77% annually. There are 9 ETFs in the Currency category with lower expense ratios, going as low as 0.40%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco CurrencyShares® Japanese Yen Trust | 0.40% | 438.25M | Feb 2007 | UDN vs FXY | |
| Invesco CurrencyShares® Swiss Franc Trust | 0.40% | 491.23M | Jun 2006 | UDN vs FXF | |
| Invesco CurrencyShares Australian Dollar Trust | 0.40% | 106.95M | Jun 2006 | UDN vs FXA | |
| Invesco CurrencyShares® Canadian Dollar Trust | 0.40% | 74.50M | Jun 2006 | UDN vs FXC | |
| Invesco CurrencyShares® Euro Currency Trust | 0.40% | 425.53M | Dec 2005 | UDN vs FXE |
Best Risk-Adjusted Alternatives to UDN
UDN has a PortfoliosLab risk / return rank of 11. There are 7 ETFs in the Currency category with higher risk-adjusted ranks, going as high as 46.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco CurrencyShares Australian Dollar Trust | 46 | 106.95M | Jun 2006 | UDN vs FXA | |
| WisdomTree Emerging Currency Strategy Fund | 42 | 15.36M | May 2009 | UDN vs CEW | |
| Invesco DB US Dollar Index Bullish Fund | 24 | 398.61M | Feb 2007 | UDN vs UUP | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 22 | 372.33M | Dec 2013 | UDN vs USDU | |
| Invesco CurrencyShares® Swiss Franc Trust | 16 | 491.23M | Jun 2006 | UDN vs FXF |
Top Performing UDN Alternatives (YTD)
UDN is at -0.27% YTD. There are 6 ETFs in the Currency category with higher YTD returns, going as high as 8.05%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco CurrencyShares Australian Dollar Trust | 8.05% | 106.95M | Jun 2006 | UDN vs FXA | |
| WisdomTree Emerging Currency Strategy Fund | 2.96% | 15.36M | May 2009 | UDN vs CEW | |
| Invesco DB US Dollar Index Bullish Fund | 2.70% | 398.61M | Feb 2007 | UDN vs UUP | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 1.67% | 372.33M | Dec 2013 | UDN vs USDU | |
| Invesco CurrencyShares® British Pound Sterling Tru... | 0.73% | 77.82M | Jun 2006 | UDN vs FXB |
Lowest Volatility Alternatives to UDN
UDN has 6.13% 1-year volatility. There are 2 ETFs in the Currency category with lower 1-year volatility, going as low as 4.49%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco CurrencyShares® Canadian Dollar Trust | 4.49% | 74.50M | Jun 2006 | UDN vs FXC | |
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | 5.70% | 372.33M | Dec 2013 | UDN vs USDU | |
| Invesco DB US Dollar Index Bullish Fund | 6.15% | 398.61M | Feb 2007 | UDN vs UUP | |
| WisdomTree Emerging Currency Strategy Fund | 6.22% | 15.36M | May 2009 | UDN vs CEW | |
| Invesco CurrencyShares® Euro Currency Trust | 6.28% | 425.53M | Dec 2005 | UDN vs FXE |
Lowest Drawdown Alternatives to UDN
UDN has a 1-year max drawdown of -4.54%. There are 6 ETFs in the Currency category with shallower 1-year drawdowns, going as shallow as -3.64%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Bloomberg U.S. Dollar Bullish Fund | -3.64% | 372.33M | Dec 2013 | UDN vs USDU | |
| Invesco DB US Dollar Index Bullish Fund | -3.65% | 398.61M | Feb 2007 | UDN vs UUP | |
| Invesco CurrencyShares® Canadian Dollar Trust | -3.78% | 74.50M | Jun 2006 | UDN vs FXC | |
| WisdomTree Emerging Currency Strategy Fund | -3.85% | 15.36M | May 2009 | UDN vs CEW | |
| Invesco CurrencyShares Australian Dollar Trust | -4.21% | 106.95M | Jun 2006 | UDN vs FXA |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 10 categories. AUM among these funds goes as high as $494B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 77 | 21.62% | 493.99B | Mar 1999 | UDN vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 77 | 29.70% | 19.93B | Oct 2015 | UDN vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 77 | 21.64% | 96.91B | Oct 2020 | UDN vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500 | 54 | 10.12% | 89.51B | Apr 2003 | UDN vs RSP | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 62 | 8.82% | 11.15B | May 2005 | UDN vs XLG | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 97 | 93.97% | 2.41B | Jun 2021 | UDN vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Value Equities | 56 | 15.16% | 18.88B | Dec 2005 | UDN vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | S&P 500, Dividend | 24 | 5.32% | 3.23B | Oct 2012 | UDN vs SPHD | |
| Invesco Aerospace & Defense ETF | Industrials Equities, Aerospace & Defense | 43 | 10.46% | 8.37B | Oct 2005 | UDN vs PPA | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 69 | 22.96% | 7.49B | Mar 2005 | UDN vs XMMO |
Often Compared With UDN
Investors most often compare UDN with VOO, SPY, BTC-USD. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare UDN with Any Fund or Stock
Compare UDN with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair UDN with funds that move differently
Invesco DB US Dollar Index Bearish Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to UDN.
Explore UDN Diversifiers