CAT vs. UUP
CAT (Caterpillar Inc.) is a stock, while UUP (Invesco DB US Dollar Index Bullish Fund) is Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Over the past 10 years, CAT returned 30.65%/yr vs 3.17%/yr for UUP. At a correlation of -0.19, they often move in opposite directions.
Performance
CAT vs. UUP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CAT achieves a 63.29% return, which is significantly higher than UUP's 5.44% return. Over the past 10 years, CAT has outperformed UUP with an annualized return of 30.65%, while UUP has yielded a comparatively lower 3.17% annualized return.
CAT
- 1D
- -2.20%
- 1M
- 2.30%
- 6M
- 48.53%
- YTD
- 63.29%
- 1Y
- 131.95%
- 3Y*
- 56.22%
- 5Y*
- 36.93%
- 10Y*
- 30.65%
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%
CAT vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 63.29% | 60.30% | 24.66% | 25.95% | 18.60% | 15.95% | 26.97% | 19.51% | -17.56% | 75.03% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | 7.05% | -9.10% |
Correlation
The correlation between CAT and UUP is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2007 | -0.19 |
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
CAT vs. UUP — Risk / Return Rank
CAT
UUP
CAT vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Caterpillar Inc. (CAT) 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.
| CAT | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.13 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 1.25 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 9.56 | 2.28 | +7.28 |
| Martin ratioReturn relative to average drawdown | 28.50 | 6.26 | +22.24 |
Loading charts...
Drawdowns
CAT vs. UUP - Drawdown Comparison
The maximum CAT drawdown since its inception was -73.43%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for CAT and UUP.
Loading charts...
Drawdown Indicators
| CAT | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.43% | -22.19% | -51.24% |
Max Drawdown (1Y)Largest decline over 1 year | -13.88% | -3.65% | -10.23% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -10.05% | -24.00% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -10.37% | -23.68% |
Max Drawdown (10Y)Largest decline over 10 years | -43.36% | -14.24% | -29.12% |
Current DrawdownCurrent decline from peak | -12.53% | -1.26% | -11.27% |
Average DrawdownAverage peak-to-trough decline | -19.71% | -8.88% | -10.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 1.33% | +3.32% |
Volatility
CAT vs. UUP - Volatility Comparison
Caterpillar Inc. (CAT) has a higher volatility of 15.84% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that CAT'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.
Loading charts...
Volatility by Period
| CAT | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.84% | 1.45% | +14.39% |
Volatility (6M)Calculated over the trailing 6-month period | 30.27% | 4.34% | +25.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.83% | 6.03% | +31.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.36% | 7.22% | +24.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.19% | 6.90% | +24.29% |
Dividends
CAT vs. UUP - Dividend Comparison
CAT's dividend yield for the trailing twelve months is around 0.65%, less than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAT Caterpillar Inc. | 0.65% | 1.02% | 1.49% | 1.69% | 1.93% | 2.07% | 2.26% | 2.56% | 2.58% | 1.97% | 3.32% | 4.33% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
CAT and UUP have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAT has higher volatility (15.84%) compared to UUP (1.45%). In terms of maximum drawdown, CAT dropped -73.43% vs UUP's -22.19%.
CAT currently has the higher Sharpe Ratio (3.52 vs 1.38), 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.
Find the right allocation for CAT 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