ADIV vs. UUP
ADIV (SmartETFs Asia Pacific Dividend Builder ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - ADIV is a Asia Pacific Equities fund actively managed by Guinness Atkinson Asset Management, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. ADIV is actively managed, while UUP is passively managed. Over the past 5 years, ADIV returned 6.65%/yr vs 5.89%/yr for UUP. At a correlation of -0.46, they often move in opposite directions. ADIV charges 0.78%/yr vs 0.75%/yr for UUP.
Performance
ADIV vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, ADIV achieves a 6.00% return, which is significantly higher than UUP's 5.44% return.
ADIV
- 1D
- -0.97%
- 1M
- -1.15%
- 6M
- 3.61%
- YTD
- 6.00%
- 1Y
- 9.56%
- 3Y*
- 15.67%
- 5Y*
- 6.65%
- 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%
ADIV vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ADIV SmartETFs Asia Pacific Dividend Builder ETF | 6.00% | 21.86% | 14.47% | 12.28% | -18.00% | 1.41% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 13.50% | 3.63% | 9.46% | 2.60% |
Correlation
The correlation between ADIV and UUP is -0.40, 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 | -0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2021 | -0.46 |
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Return for Risk
ADIV vs. UUP — Risk / Return Rank
ADIV
UUP
ADIV vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SmartETFs Asia Pacific Dividend Builder ETF (ADIV) 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.
| ADIV | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.25 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 2.28 | -1.33 |
| Martin ratioReturn relative to average drawdown | 2.94 | 6.26 | -3.32 |
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Drawdowns
ADIV vs. UUP - Drawdown Comparison
The maximum ADIV drawdown since its inception was -31.55%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for ADIV and UUP.
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Drawdown Indicators
| ADIV | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.55% | -22.19% | -9.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.15% | -3.65% | -6.50% |
Max Drawdown (3Y)Largest decline over 3 years | -18.53% | -10.05% | -8.48% |
Max Drawdown (5Y)Largest decline over 5 years | -31.55% | -10.37% | -21.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -3.04% | -1.26% | -1.78% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -8.88% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 1.33% | +1.93% |
Volatility
ADIV vs. UUP - Volatility Comparison
SmartETFs Asia Pacific Dividend Builder ETF (ADIV) has a higher volatility of 4.91% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that ADIV'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
| ADIV | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 1.45% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 11.59% | 4.34% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.09% | 6.03% | +8.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.62% | 7.22% | +9.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 6.90% | +9.50% |
ADIV vs. UUP - Expense Ratio Comparison
ADIV has a 0.78% expense ratio, which is higher than UUP's 0.75% expense ratio.
Dividends
ADIV vs. UUP - Dividend Comparison
ADIV's dividend yield for the trailing twelve months is around 2.97%, less than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ADIV SmartETFs Asia Pacific Dividend Builder ETF | 2.97% | 2.77% | 4.83% | 4.55% | 2.98% | 13.85% | 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
ADIV and UUP have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADIV has higher volatility (4.91%) compared to UUP (1.45%). In terms of maximum drawdown, ADIV dropped -31.55% vs UUP's -22.19%.
On 5-year performance, ADIV leads with 6.65% vs 5.89% for UUP. On fees, UUP is cheaper at 0.75% 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 5-year period, ADIV has performed better with a 6.65% return vs 5.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UUP is cheaper with a 0.75% expense ratio, compared with 0.78% for ADIV.
UUP has the higher dividend yield at 3.25%, compared with 2.97% for ADIV.
ADIV is categorized as Asia Pacific Equities, while UUP is Currency. They also come from different issuers: Guinness Atkinson Asset Management and Invesco. Their fees differ too: 0.78% for ADIV and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (1.38 vs 0.68), 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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