DFIV vs. UUP
DFIV (Dimensional International Value ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - DFIV is a Foreign Large Cap Equities fund actively managed by Dimensional, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. DFIV is actively managed, while UUP is passively managed. Over the past 3 years, DFIV returned 22.27%/yr vs 5.86%/yr for UUP. At a correlation of -0.57, they often move in opposite directions. DFIV charges 0.27%/yr vs 0.75%/yr for UUP.
Performance
DFIV vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, DFIV achieves a 12.71% return, which is significantly higher than UUP's 5.44% return.
DFIV
- 1D
- -0.20%
- 1M
- 0.45%
- 6M
- 9.97%
- YTD
- 12.71%
- 1Y
- 31.77%
- 3Y*
- 22.27%
- 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%
DFIV vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFIV Dimensional International Value ETF | 12.71% | 45.36% | 7.26% | 17.75% | -3.70% | 0.50% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 13.50% | 3.63% | 9.46% | 3.06% |
Correlation
The correlation between DFIV and UUP is -0.58, 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 | -0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.54 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2021 | -0.57 |
The correlation between DFIV and UUP has been stable across timeframes, ranging from -0.58 to -0.54 - a consistent structural relationship.
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Return for Risk
DFIV vs. UUP — Risk / Return Rank
DFIV
UUP
DFIV vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional International Value ETF (DFIV) 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.
| DFIV | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.25 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.28 | +1.03 |
| Martin ratioReturn relative to average drawdown | 12.55 | 6.26 | +6.29 |
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Drawdowns
DFIV vs. UUP - Drawdown Comparison
The maximum DFIV drawdown since its inception was -25.42%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for DFIV and UUP.
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Drawdown Indicators
| DFIV | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.42% | -22.19% | -3.23% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -3.65% | -6.01% |
Max Drawdown (3Y)Largest decline over 3 years | -14.72% | -10.05% | -4.67% |
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 | -0.27% | -1.26% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -8.88% | +4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.54% | 1.33% | +1.21% |
Volatility
DFIV vs. UUP - Volatility Comparison
Dimensional International Value ETF (DFIV) has a higher volatility of 3.87% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that DFIV'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
| DFIV | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 1.45% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 4.34% | +7.26% |
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 | 16.58% | 7.22% | +9.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.58% | 6.90% | +9.68% |
DFIV vs. UUP - Expense Ratio Comparison
DFIV has a 0.27% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
DFIV vs. UUP - Dividend Comparison
DFIV's dividend yield for the trailing twelve months is around 2.67%, less than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DFIV Dimensional International Value ETF | 2.67% | 2.92% | 3.88% | 3.93% | 3.84% | 2.30% | 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
DFIV and UUP have a correlation of -0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFIV has higher volatility (3.87%) compared to UUP (1.45%). In terms of maximum drawdown, DFIV dropped -25.42% vs UUP's -22.19%.
On 3-year performance, DFIV leads with 22.27% vs 5.86% for UUP. On fees, DFIV is cheaper at 0.27% 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, DFIV has performed better with a 22.27% return vs 5.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFIV is cheaper with a 0.27% expense ratio, compared with 0.75% for UUP.
UUP has the higher dividend yield at 3.25%, compared with 2.67% for DFIV.
DFIV is categorized as Foreign Large Cap Equities, while UUP is Currency. They also come from different issuers: Dimensional and Invesco. Their fees differ too: 0.27% for DFIV and 0.75% for UUP.
DFIV currently has the higher Sharpe Ratio (2.27 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.
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