Invesco DB US Dollar Index Bullish Fund (UUP)

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

Invesco DB US Dollar Index Bullish Fund (UUP) has returned 2.77% so far this year and 0.66% over the past 12 months. Over the last ten years, UUP has returned 3.09% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Mar 1, 2007, UUP's average daily return is +0.01%, while the average monthly return is +0.16%. At this rate, your investment would double in approximately 36.1 years.

Historically, 52% of months were positive and 48% were negative. The best month was Oct 2008 with a return of +8.3%, while the worst month was Dec 2008 at -6.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 6 months.

On a daily basis, UUP closed higher 49% of trading days. The best single day was Mar 13, 2020 with a return of +3.8%, while the worst single day was Mar 16, 2020 at -3.2%.

Invesco DB US Dollar Index Bullish Fund has an annualized alpha of 2.68%, beta of -0.07, and R² of 0.03 versus S&P 500 Index. Calculated based on daily prices since March 02, 2007.

• This ETF tended to rise when S&P 500 Index fell (downside capture of -36.60%), but participation in market rallies was also limited (-9.77%) — a profile typical of counter-cyclical assets.
• Beta of -0.07 may look defensive, but with R² of 0.03 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R² of 0.03 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

UUP has an expense ratio of 0.75%, placing it in the medium range.

UUP ranks 13 for risk / return — in the bottom 13% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Invesco DB US Dollar Index Bullish Fund (UUP) and compare them to a chosen benchmark (S&P 500 Index).

Invesco DB US Dollar Index Bullish Fund provided a 3.34% dividend yield over the last twelve months, with an annual payout of $0.93 per share.

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

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco DB US Dollar Index Bullish 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 Bullish Fund was 22.19%, occurring on Aug 29, 2011. Recovery took 1992 trading sessions.

The current Invesco DB US Dollar Index Bullish Fund drawdown is 3.76%.

The chart below shows the rolling one-month volatility.