DIVZ vs. UUP
DIVZ (Opal Dividend Income ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - DIVZ is a Large Cap Value Equities fund actively managed by TrueShares, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. DIVZ is actively managed, while UUP is passively managed. Over the past 5 years, DIVZ returned 9.65%/yr vs 5.89%/yr for UUP. At a correlation of -0.28, they often move in opposite directions. DIVZ charges 0.65%/yr vs 0.75%/yr for UUP.
Performance
DIVZ vs. UUP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DIVZ achieves a 6.43% return, which is significantly higher than UUP's 5.44% return.
DIVZ
- 1D
- 0.29%
- 1M
- 0.50%
- 6M
- 5.39%
- YTD
- 6.43%
- 1Y
- 11.27%
- 3Y*
- 14.93%
- 5Y*
- 9.65%
- 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%
DIVZ vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DIVZ Opal Dividend Income ETF | 6.43% | 16.72% | 18.44% | -0.51% | 3.51% | 19.03% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 13.50% | 3.63% | 9.46% | 4.83% |
Correlation
The correlation between DIVZ and UUP is -0.15, 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 | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2021 | -0.28 |
The correlation between DIVZ and UUP shifts across timeframes, from -0.28 (5 years) to -0.15 (1 year), reflecting how their relationship changes across market environments.
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
DIVZ vs. UUP — Risk / Return Rank
DIVZ
UUP
DIVZ vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opal Dividend Income ETF (DIVZ) 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.
| DIVZ | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | 2.28 | -0.34 |
| Martin ratioReturn relative to average drawdown | 4.51 | 6.26 | -1.75 |
Loading charts...
Drawdowns
DIVZ vs. UUP - Drawdown Comparison
The maximum DIVZ drawdown since its inception was -15.42%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for DIVZ and UUP.
Loading charts...
Drawdown Indicators
| DIVZ | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.42% | -22.19% | +6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.83% | -3.65% | -2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -9.52% | -10.05% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -15.42% | -10.37% | -5.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -1.42% | -1.26% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -3.47% | -8.88% | +5.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.33% | +1.17% |
Volatility
DIVZ vs. UUP - Volatility Comparison
Opal Dividend Income ETF (DIVZ) has a higher volatility of 3.74% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that DIVZ'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
| DIVZ | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 1.45% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 4.34% | +3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.70% | 6.03% | +3.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.65% | 7.22% | +5.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.56% | 6.90% | +5.66% |
DIVZ vs. UUP - Expense Ratio Comparison
DIVZ has a 0.65% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
DIVZ vs. UUP - Dividend Comparison
DIVZ's dividend yield for the trailing twelve months is around 2.53%, less than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DIVZ Opal Dividend Income ETF | 2.53% | 2.60% | 2.63% | 3.66% | 3.23% | 3.83% | 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
DIVZ and UUP have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVZ has higher volatility (3.74%) compared to UUP (1.45%). In terms of maximum drawdown, DIVZ dropped -15.42% vs UUP's -22.19%.
On 5-year performance, DIVZ leads with 9.65% vs 5.89% for UUP. On fees, DIVZ is cheaper at 0.65% 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, DIVZ has performed better with a 9.65% return vs 5.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVZ is cheaper with a 0.65% expense ratio, compared with 0.75% for UUP.
UUP has the higher dividend yield at 3.25%, compared with 2.53% for DIVZ.
DIVZ is categorized as Large Cap Value Equities, while UUP is Currency. They also come from different issuers: TrueShares and Invesco. Their fees differ too: 0.65% for DIVZ and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (1.38 vs 1.17), 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 DIVZ 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