EAGG vs. UUP
EAGG (iShares ESG Aware US Aggregate Bond ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - EAGG is a Intermediate Core Bond fund tracking the Bloomberg MSCI U.S. Aggregate ESG Focus Index, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. Over the past 5 years, EAGG returned -0.29%/yr vs 5.89%/yr for UUP. At a correlation of -0.31, they often move in opposite directions. EAGG charges 0.10%/yr vs 0.75%/yr for UUP.
Performance
EAGG vs. UUP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, EAGG achieves a -0.22% return, which is significantly lower than UUP's 5.44% return.
EAGG
- 1D
- -0.36%
- 1M
- -0.69%
- 6M
- -0.47%
- YTD
- -0.22%
- 1Y
- 3.62%
- 3Y*
- 3.67%
- 5Y*
- -0.29%
- 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%
EAGG vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | -0.22% | 7.18% | 1.12% | 5.58% | -13.63% | -1.30% | 7.40% | 8.68% | 2.19% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | 0.64% |
Correlation
The correlation between EAGG and UUP is -0.46, 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 | -0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2018 | -0.31 |
The correlation between EAGG and UUP shifts across timeframes, from -0.46 (1 year) to -0.31 (all time), 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
EAGG vs. UUP — Risk / Return Rank
EAGG
UUP
EAGG vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG Aware US Aggregate Bond ETF (EAGG) 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.
| EAGG | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.40 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.25 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 2.28 | -0.96 |
| Martin ratioReturn relative to average drawdown | 3.71 | 6.26 | -2.55 |
Loading charts...
Drawdowns
EAGG vs. UUP - Drawdown Comparison
The maximum EAGG drawdown since its inception was -18.74%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for EAGG and UUP.
Loading charts...
Drawdown Indicators
| EAGG | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.74% | -22.19% | +3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -3.65% | +0.90% |
Max Drawdown (3Y)Largest decline over 3 years | -6.20% | -10.05% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -17.98% | -10.37% | -7.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -3.26% | -1.26% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -8.88% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.33% | -0.35% |
Volatility
EAGG vs. UUP - Volatility Comparison
The current volatility for iShares ESG Aware US Aggregate Bond ETF (EAGG) is 1.22%, while Invesco DB US Dollar Index Bullish Fund (UUP) has a volatility of 1.45%. This indicates that EAGG experiences smaller price fluctuations and is considered to be less risky than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| EAGG | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.45% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 2.85% | 4.34% | -1.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 6.03% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 7.22% | -1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.48% | 6.90% | -1.42% |
EAGG vs. UUP - Expense Ratio Comparison
EAGG has a 0.10% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
EAGG vs. UUP - Dividend Comparison
EAGG's dividend yield for the trailing twelve months is around 4.04%, more than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EAGG iShares ESG Aware US Aggregate Bond ETF | 4.04% | 3.92% | 3.93% | 3.24% | 2.07% | 1.09% | 1.82% | 3.17% | 0.61% | 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
EAGG and UUP have a correlation of -0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UUP has higher volatility (1.45%) compared to EAGG (1.22%). In terms of maximum drawdown, EAGG dropped -18.74% vs UUP's -22.19%.
On 5-year performance, UUP leads with 5.89% vs -0.29% for EAGG. On fees, EAGG is cheaper at 0.10% per year. On volatility, EAGG has been the lower-risk option at 1.22%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UUP has performed better with a 5.89% return vs -0.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EAGG is cheaper with a 0.10% expense ratio, compared with 0.75% for UUP.
EAGG has the higher dividend yield at 4.04%, compared with 3.25% for UUP.
EAGG is categorized as Intermediate Core Bond, while UUP is Currency. EAGG tracks Bloomberg MSCI U.S. Aggregate ESG Focus 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: 0.10% for EAGG and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (1.38 vs 0.98), 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 EAGG 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