BTOT vs. UUP
BTOT (iShares Total USD Fixed Income Market ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - BTOT is a Total Bond Market fund tracking the Bloomberg US Total Fixed Income Market Index, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. At a correlation of -0.43, they often move in opposite directions. BTOT charges 0.09%/yr vs 0.75%/yr for UUP.
Performance
BTOT vs. UUP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BTOT achieves a 0.34% return, which is significantly lower than UUP's 5.03% return.
BTOT
- 1D
- 0.23%
- 1M
- -0.35%
- 6M
- 0.12%
- YTD
- 0.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UUP
- 1D
- -0.39%
- 1M
- 1.57%
- 6M
- 3.80%
- YTD
- 5.03%
- 1Y
- 7.58%
- 3Y*
- 5.73%
- 5Y*
- 5.75%
- 10Y*
- 3.13%
BTOT vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BTOT iShares Total USD Fixed Income Market ETF | 0.34% | 0.12% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.03% | -0.20% |
Correlation
The correlation between BTOT and UUP is -0.43, 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 (All Time) Calculated using the full available price history since Dec 11, 2025 | -0.43 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BTOT vs. UUP — Risk / Return Rank
BTOT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UUP
BTOT vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Total USD Fixed Income Market ETF (BTOT) 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.
| BTOT | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.09 | — |
| Martin ratioReturn relative to average drawdown | — | 5.73 | — |
Loading charts...
Drawdowns
BTOT vs. UUP - Drawdown Comparison
The maximum BTOT drawdown since its inception was -2.36%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for BTOT and UUP.
Loading charts...
Drawdown Indicators
| BTOT | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.36% | -22.19% | +19.83% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.65% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.05% | — |
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 | -1.23% | -1.64% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -0.80% | -8.88% | +8.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.33% | — |
Volatility
BTOT vs. UUP - Volatility Comparison
Loading charts...
Volatility by Period
| BTOT | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.46% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 4.36% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 6.03% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.67% | 7.21% | -3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.67% | 6.90% | -3.23% |
BTOT vs. UUP - Expense Ratio Comparison
BTOT has a 0.09% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
BTOT vs. UUP - Dividend Comparison
BTOT's dividend yield for the trailing twelve months is around 2.50%, less than UUP's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BTOT iShares Total USD Fixed Income Market ETF | 2.50% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.26% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Frequently Asked Questions
BTOT and UUP have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BTOT is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BTOT is cheaper with a 0.09% expense ratio, compared with 0.75% for UUP.
UUP has the higher dividend yield at 3.26%, compared with 2.50% for BTOT.
BTOT is categorized as Total Bond Market, while UUP is Currency. BTOT tracks Bloomberg US Total Fixed Income Market Index, 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: 0.09% for BTOT and 0.75% for UUP.
Find the right allocation for BTOT and UUP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer