ABLD vs. UUP
ABLD (Abacus FCF Real Assets Leaders ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - ABLD is a Mid Cap Value Equities fund tracking the FCF Yield Enhanced Real Asset Index, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. Over the past 3 years, ABLD returned 9.58%/yr vs 5.86%/yr for UUP. At a correlation of -0.35, they often move in opposite directions. ABLD charges 0.39%/yr vs 0.75%/yr for UUP.
Performance
ABLD vs. UUP - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ABLD having a 5.36% return and UUP slightly higher at 5.44%.
ABLD
- 1D
- 0.04%
- 1M
- -1.61%
- 6M
- -0.27%
- YTD
- 5.36%
- 1Y
- 7.31%
- 3Y*
- 9.58%
- 5Y*
- —
- 10Y*
- —
UUP
- 1D
- 0.39%
- 1M
- 1.97%
- 6M
- 4.47%
- YTD
- 5.44%
- 1Y
- 8.28%
- 3Y*
- 5.86%
- 5Y*
- 5.89%
- 10Y*
- 3.17%
ABLD vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ABLD Abacus FCF Real Assets Leaders ETF | 5.36% | 6.64% | 7.05% | 18.89% | 7.42% | 3.86% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 13.50% | 3.63% | 9.46% | -0.77% |
Correlation
The correlation between ABLD and UUP is -0.39, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2021 | -0.35 |
The correlation between ABLD and UUP shifts across timeframes, from -0.39 (1 year) to -0.28 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
ABLD vs. UUP — Risk / Return Rank
ABLD
UUP
ABLD vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Abacus FCF Real Assets Leaders ETF (ABLD) 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.
| ABLD | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.25 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 2.28 | -1.65 |
| Martin ratioReturn relative to average drawdown | 1.59 | 6.26 | -4.67 |
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Drawdowns
ABLD vs. UUP - Drawdown Comparison
The maximum ABLD drawdown since its inception was -19.35%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for ABLD and UUP.
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Drawdown Indicators
| ABLD | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.35% | -22.19% | +2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.64% | -3.65% | -7.99% |
Max Drawdown (3Y)Largest decline over 3 years | -19.35% | -10.05% | -9.30% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -10.08% | -1.26% | -8.82% |
Average DrawdownAverage peak-to-trough decline | -4.09% | -8.88% | +4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.61% | 1.33% | +3.28% |
Volatility
ABLD vs. UUP - Volatility Comparison
Abacus FCF Real Assets Leaders ETF (ABLD) has a higher volatility of 3.19% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that ABLD'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
| ABLD | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.19% | 1.45% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.17% | 4.34% | +8.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.02% | 6.03% | +8.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 7.22% | +10.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 6.90% | +10.53% |
ABLD vs. UUP - Expense Ratio Comparison
ABLD has a 0.39% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
ABLD vs. UUP - Dividend Comparison
ABLD's dividend yield for the trailing twelve months is around 3.65%, more than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ABLD Abacus FCF Real Assets Leaders ETF | 3.65% | 2.86% | 10.13% | 4.70% | 8.40% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.25% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Frequently Asked Questions
ABLD and UUP have a correlation of -0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABLD has higher volatility (3.19%) compared to UUP (1.45%). In terms of maximum drawdown, ABLD dropped -19.35% vs UUP's -22.19%.
On 3-year performance, ABLD leads with 9.58% vs 5.86% for UUP. On fees, ABLD is cheaper at 0.39% per year. On volatility, UUP has been the lower-risk option at 1.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ABLD has performed better with a 9.58% return vs 5.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ABLD is cheaper with a 0.39% expense ratio, compared with 0.75% for UUP.
ABLD has the higher dividend yield at 3.65%, compared with 3.25% for UUP.
ABLD is categorized as Mid Cap Value Equities, while UUP is Currency. ABLD tracks FCF Yield Enhanced Real Asset Index, while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: Abacus and Invesco. Their fees differ too: 0.39% for ABLD and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (1.38 vs 0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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