EMRGX vs. UUP
EMRGX (Emerging Markets Growth Fund, Inc.) and UUP (Invesco DB US Dollar Index Bullish Fund) are both funds - EMRGX is a Emerging Markets Equities fund managed by T. Rowe Price, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Over the past 10 years, EMRGX returned 8.25%/yr vs 3.22%/yr for UUP. Their -0.21 correlation means they have often moved in opposite directions in the past. EMRGX charges 0.76%/yr vs 0.75%/yr for UUP.
Performance
EMRGX vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, EMRGX achieves a 15.60% return, which is significantly higher than UUP's 4.22% return. Over the past 10 years, EMRGX has outperformed UUP with an annualized return of 8.25%, while UUP has yielded a comparatively lower 3.22% annualized return.
EMRGX
- 1D
- 3.27%
- 1M
- -2.30%
- 6M
- 7.83%
- YTD
- 15.60%
- 1Y
- 30.94%
- 3Y*
- 13.54%
- 5Y*
- 3.43%
- 10Y*
- 8.25%
- ALL TIME*
- 5.10%
UUP
- 1D
- 0.11%
- 1M
- -0.60%
- 6M
- 4.92%
- YTD
- 4.22%
- 1Y
- 5.67%
- 3Y*
- 4.54%
- 5Y*
- 5.70%
- 10Y*
- 3.22%
- ALL TIME*
- 1.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $55.14M | $58.68M | $59.16M |
EMRGX vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMRGX Emerging Markets Growth Fund, Inc. | 15.60% | 31.55% | 1.06% | 8.09% | -24.69% | -0.73% | 21.56% | 23.99% | -14.56% | 41.31% |
UUP Invesco DB US Dollar Index Bullish Fund | 4.22% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | 7.05% | -9.10% |
Correlation
The correlation between EMRGX and UUP is -0.27, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.27 |
Correlation (3Y) Balances recent behavior with more history. | -0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2014 | -0.21 |
The correlation between EMRGX and UUP shifts across timeframes, from -0.33 (5 years) to -0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EMRGX vs. UUP — Risk / Return Rank
EMRGX
UUP
EMRGX vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Emerging Markets Growth Fund, Inc. (EMRGX) 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.
| EMRGX | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.13 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.22 | +0.87 |
| Martin ratioReturn relative to average drawdown | 7.10 | 3.83 | +3.27 |
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Drawdowns
EMRGX vs. UUP - Drawdown Comparison
The maximum EMRGX drawdown since its inception was -42.84%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for EMRGX and UUP.
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Drawdown Indicators
| EMRGX | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.84% | -22.19% | -20.65% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -3.65% | -9.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.82% | -10.05% | -6.77% |
Max Drawdown (5Y)Largest decline over 5 years | -41.00% | -10.37% | -30.63% |
Max Drawdown (10Y)Largest decline over 10 years | -42.84% | -14.24% | -28.60% |
Current DrawdownCurrent decline from peak | -7.47% | -2.41% | -5.06% |
Average DrawdownAverage peak-to-trough decline | -16.06% | -8.86% | -7.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 1.33% | +2.60% |
Volatility
EMRGX vs. UUP - Volatility Comparison
Emerging Markets Growth Fund, Inc. (EMRGX) has a higher volatility of 8.10% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.65%. This indicates that EMRGX'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
| EMRGX | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.10% | 1.65% | +6.45% |
Volatility (6M)Calculated over the trailing 6-month period | 16.84% | 4.11% | +12.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.90% | 5.88% | +13.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.64% | 7.23% | +10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.83% | 6.89% | +10.94% |
EMRGX vs. UUP - Expense Ratio Comparison
EMRGX has a 0.76% expense ratio, which is higher than UUP's 0.75% expense ratio.
Dividends
EMRGX vs. UUP - Dividend Comparison
EMRGX's dividend yield for the trailing twelve months is around 3.43%, more than UUP's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
EMRGX Emerging Markets Growth Fund, Inc. | 3.43% | 3.96% | 0.00% | 1.51% | 1.34% | 11.22% | 6.63% | 5.89% | 2.21% | 1.11% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.29% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Frequently Asked Questions
EMRGX and UUP have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMRGX has higher volatility (8.10%) compared to UUP (1.65%). In terms of maximum drawdown, EMRGX dropped -42.84% vs UUP's -22.19%.
EMRGX currently has the higher Sharpe Ratio (1.48 vs 0.75), 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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