5MVL.DE vs. UUP
5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - 5MVL.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Select Value Factor Focus, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. Over the past 5 years, 5MVL.DE returned 17.75%/yr vs 6.45%/yr for UUP. At a correlation of -0.04, they often move in opposite directions. 5MVL.DE charges 0.40%/yr vs 0.75%/yr for UUP.
Performance
5MVL.DE vs. UUP - Performance Comparison
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Different Trading Currencies
5MVL.DE is traded in EUR, while UUP is traded in USD. To make them comparable, the UUP values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, 5MVL.DE achieves a 46.85% return, which is significantly higher than UUP's 4.84% return.
5MVL.DE
- 1D
- 2.38%
- 1M
- 8.72%
- YTD
- 46.85%
- 6M
- 51.96%
- 1Y
- 81.19%
- 3Y*
- 33.48%
- 5Y*
- 17.75%
- 10Y*
- —
UUP
- 1D
- -0.15%
- 1M
- 1.01%
- YTD
- 4.84%
- 6M
- 4.99%
- 1Y
- 6.07%
- 3Y*
- 2.53%
- 5Y*
- 6.45%
- 10Y*
- 2.93%
5MVL.DE vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 46.85% | 27.25% | 21.00% | 14.59% | -10.56% | 13.09% | -2.40% | 20.36% | -14.02% |
UUP Invesco DB US Dollar Index Bullish Fund | 4.84% | -16.26% | 20.99% | 0.52% | 16.24% | 13.64% | -14.36% | 6.44% | -1.68% |
Correlation
The correlation between 5MVL.DE and UUP is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Dec 6, 2018 | -0.04 |
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Return for Risk
5MVL.DE vs. UUP — Risk / Return Rank
5MVL.DE
UUP
5MVL.DE vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) and Invesco DB US Dollar Index Bullish Fund (UUP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| 5MVL.DE | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.51 | ||
| Sortino ratioReturn per unit of downside risk | +4.03 | ||
| Omega ratioGain probability vs. loss probability | 1.68 | 1.10 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 8.30 | 0.78 | +7.52 |
| Martin ratioReturn relative to average drawdown | 25.93 | 1.90 | +24.03 |
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Drawdowns
5MVL.DE vs. UUP - Drawdown Comparison
The maximum 5MVL.DE drawdown since its inception was -32.22%, smaller than the maximum UUP drawdown of -34.79%. Use the drawdown chart below to compare losses from any high point for 5MVL.DE and UUP.
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Drawdown Indicators
| 5MVL.DE | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.22% | -34.79% | +2.57% |
Max Drawdown (1Y)Largest decline over 1 year | -9.73% | -7.84% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -22.00% | +2.86% |
Max Drawdown (5Y)Largest decline over 5 years | -20.60% | -22.51% | +1.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.97% | — |
Current DrawdownCurrent decline from peak | -3.21% | -14.40% | +11.19% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -15.57% | +8.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 3.20% | -0.08% |
Volatility
5MVL.DE vs. UUP - Volatility Comparison
iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a higher volatility of 8.80% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 2.40%. This indicates that 5MVL.DE's price experiences larger fluctuations and is considered to be riskier than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 5MVL.DE | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.80% | 2.40% | +6.40% |
Volatility (6M)Calculated over the trailing 6-month period | 17.08% | 8.41% | +8.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.14% | 12.10% | +8.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.03% | 14.73% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.36% | 14.10% | +5.26% |
5MVL.DE vs. UUP - Expense Ratio Comparison
5MVL.DE has a 0.40% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
5MVL.DE vs. UUP - Dividend Comparison
5MVL.DE has not paid dividends to shareholders, while UUP's dividend yield for the trailing twelve months is around 3.31%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.31% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Frequently Asked Questions
5MVL.DE and UUP have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5MVL.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5MVL.DE is cheaper with a 0.40% expense ratio, compared with 0.75% for UUP.
5MVL.DE is categorized as Emerging Markets Equities, while UUP is Currency. 5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus, while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.40% for 5MVL.DE and 0.75% for UUP.
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