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Invesco DB US Dollar Index Bullish Fund (UUP)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US73936D1072

CUSIP

73936D107

Issuer

Invesco

Inception Date

Feb 20, 2007

Region

North America (U.S.)

Category

Currency

Leveraged

1x

Index Tracked

Deutsche Bank Long US Dollar Index (USDX) Futures Index

Asset Class

Currency

Expense Ratio

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


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.


Performance

Performance Chart


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Returns By Period

Invesco DB US Dollar Index Bullish Fund (UUP) returned -5.47% year-to-date (YTD) and 1.17% over the past 12 months. Over the past 10 years, UUP returned 2.77% annually, underperforming the S&P 500 benchmark at 10.77%.


UUP

YTD

-5.47%

1M

1.31%

6M

-2.53%

1Y

1.17%

5Y*

2.82%

10Y*

2.77%

^GSPC (Benchmark)

YTD

0.08%

1M

9.75%

6M

-1.63%

1Y

12.74%

5Y*

15.66%

10Y*

10.77%

*Annualized

Monthly Returns

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


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.31%-0.41%-2.89%-3.96%1.46%-5.47%
20242.73%0.93%1.00%2.15%-1.07%1.60%-1.27%-1.70%-0.32%3.62%2.23%3.01%13.50%
2023-1.08%3.31%-1.90%-0.47%3.10%-0.80%-0.56%2.37%2.91%1.01%-2.46%-1.61%3.63%
20220.94%0.04%1.62%4.83%-1.31%2.76%1.18%2.90%3.57%-0.40%-4.73%-1.94%9.46%
20210.74%0.41%2.45%-2.15%-1.46%2.52%-0.24%0.48%1.69%-0.24%1.78%-0.27%5.73%
20201.19%0.95%1.13%-0.15%-0.71%-1.05%-3.95%-1.50%1.81%0.08%-2.17%-2.34%-6.66%
2019-0.24%0.98%1.52%0.54%0.57%-1.33%2.93%0.52%0.86%-1.88%1.20%-1.56%4.09%
2018-3.25%1.89%-0.34%2.20%2.61%0.73%0.16%0.84%0.28%2.22%0.39%-0.76%7.05%
2017-2.76%1.48%-0.61%-1.46%-1.92%-1.32%-2.75%-0.17%0.62%1.65%-1.59%-0.57%-9.10%
20160.82%-1.43%-3.73%-1.79%3.07%-0.00%-0.68%0.61%-0.56%3.00%3.27%0.80%3.16%
20154.84%0.28%2.78%-3.82%2.21%-1.69%1.60%-1.46%0.16%0.60%3.29%-1.65%7.01%
20141.44%-2.06%0.37%-0.84%0.89%-0.98%2.26%1.29%3.86%0.96%1.65%2.13%11.38%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of UUP is 20, meaning it’s performing worse than 80% of other ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of UUP is 2020
Overall Rank
The Sharpe Ratio Rank of UUP is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of UUP is 1818
Sortino Ratio Rank
The Omega Ratio Rank of UUP is 1818
Omega Ratio Rank
The Calmar Ratio Rank of UUP is 2323
Calmar Ratio Rank
The Martin Ratio Rank of UUP is 2020
Martin 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 Bullish Fund (UUP) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Invesco DB US Dollar Index Bullish Fund Sharpe ratios as of May 14, 2025 (values are recalculated daily):

  • 1-Year: 0.16
  • 5-Year: 0.39
  • 10-Year: 0.38
  • All Time: 0.18

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Invesco DB US Dollar Index Bullish Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.


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Dividends

Dividend History

Invesco DB US Dollar Index Bullish Fund provided a 4.74% dividend yield over the last twelve months, with an annual payout of $1.32 per share.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%$0.00$0.50$1.00$1.5020172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017
Dividend$1.32$1.32$1.75$0.25$0.00$0.00$0.53$0.28$0.02

Dividend yield

4.74%4.48%6.45%0.89%0.00%0.00%2.03%1.08%0.10%

Monthly Dividends

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.32$1.32
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.75$1.75
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.25$0.25
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$0.53$0.53
2018$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
2017$0.02$0.02

Drawdowns

Drawdowns Chart

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.


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Worst Drawdowns

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 Jul 26, 2011. Recovery took 2016 trading sessions.

The current Invesco DB US Dollar Index Bullish Fund drawdown is 6.83%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-22.19%Nov 21, 2008673Jul 26, 20112016Jul 31, 20192689
-14.24%Mar 20, 2020202Jan 6, 2021361Jun 13, 2022563
-11.16%Jun 15, 2007211Apr 16, 2008120Oct 6, 2008331
-10.37%Sep 28, 202287Feb 1, 2023298Apr 10, 2024385
-9.41%Jan 14, 202567Apr 21, 2025

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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