ENDW vs. UUP

Last updated Jul 14, 2026

ENDW (Cambria Endowment Style ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - ENDW is a Global Allocation fund actively managed by Cambria, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. ENDW is actively managed, while UUP is passively managed. Over the past year, ENDW returned 23.12% vs 8.28% for UUP. At a correlation of -0.30, they often move in opposite directions. ENDW charges 0.29%/yr vs 0.75%/yr for UUP.

Performance

ENDW vs. UUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Endowment Style ETF (ENDW) and Invesco DB US Dollar Index Bullish Fund (UUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENDW achieves a 10.35% return, which is significantly higher than UUP's 5.44% return.

ENDW

• 1D: -0.28%
• 1M: -0.30%
• 6M: 7.10%
• YTD: 10.35%
• 1Y: 23.12%
• 3Y*: —
• 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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENDW vs. UUP - Yearly Performance Comparison

	2026 (YTD)	2025
ENDW Cambria Endowment Style ETF	10.35%	29.25%
UUP Invesco DB US Dollar Index Bullish Fund	5.44%	-1.19%

Correlation

The correlation between ENDW 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 (All Time) Calculated using the full available price history since Apr 10, 2025	-0.30

The correlation between ENDW and UUP shifts across timeframes, from -0.46 (1 year) to -0.30 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ENDW vs. UUP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENDW

ENDW Risk / Return Rank: 85
ENDW Sharpe Ratio Rank: 87
ENDW Sortino Ratio Rank: 85
ENDW Omega Ratio Rank: 85
ENDW Calmar Ratio Rank: 84
ENDW Martin Ratio Rank: 86

UUP

UUP Risk / Return Rank: 51
UUP Sharpe Ratio Rank: 50
UUP Sortino Ratio Rank: 50
UUP Omega Ratio Rank: 49
UUP Calmar Ratio Rank: 57
UUP Martin Ratio Rank: 47

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENDW vs. UUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Endowment Style ETF (ENDW) 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.

	ENDW	UUP	Difference
Sharpe ratio: Return per unit of total volatility	2.23	1.38	+0.85
Sortino ratio: Return per unit of downside risk	3.02	1.99	+1.03
Omega ratio: Gain probability vs. loss probability	1.41	1.25	+0.16
Calmar ratio: Return relative to maximum drawdown	3.61	2.28	+1.33
Martin ratio: Return relative to average drawdown	13.90	6.26	+7.64

ENDW vs. UUP - Sharpe Ratio Comparison

The current ENDW Sharpe Ratio is 2.23, which is higher than the UUP Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of ENDW and UUP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ENDW vs. UUP - Drawdown Comparison

The maximum ENDW drawdown since its inception was -6.44%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for ENDW and UUP.

Drawdown Indicators

	ENDW	UUP	Difference
Max Drawdown Largest peak-to-trough decline	-6.44%	-22.19%	+15.75%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	-3.65%	-2.79%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.37%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-14.24%	—
Current Drawdown Current decline from peak	-0.99%	-1.26%	+0.27%
Average Drawdown Average peak-to-trough decline	-0.88%	-8.88%	+8.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	1.33%	+0.34%

Volatility

ENDW vs. UUP - Volatility Comparison

Cambria Endowment Style ETF (ENDW) has a higher volatility of 3.03% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that ENDW'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.

Volatility by Period

	ENDW	UUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.03%	1.45%	+1.58%
Volatility (6M) Calculated over the trailing 6-month period	8.19%	4.34%	+3.85%
Volatility (1Y) Calculated over the trailing 1-year period	10.41%	6.03%	+4.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.13%	7.22%	+3.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.13%	6.90%	+4.23%

ENDW vs. UUP - Expense Ratio Comparison

ENDW has a 0.29% expense ratio, which is lower than UUP's 0.75% expense ratio.

Dividends

ENDW vs. UUP - Dividend Comparison

ENDW's dividend yield for the trailing twelve months is around 2.47%, less than UUP's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENDW Cambria Endowment Style ETF	2.47%	1.91%	0.00%	0.00%	0.00%	0.00%	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

Can I hold both ENDW and UUP in my portfolio?

ENDW 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.

Which is riskier, ENDW or UUP?

ENDW has higher volatility (3.03%) compared to UUP (1.45%). In terms of maximum drawdown, ENDW dropped -6.44% vs UUP's -22.19%.

Which ETF is better, ENDW or UUP?

On 1-year performance, ENDW leads with 23.12% vs 8.28% for UUP. On fees, ENDW is cheaper at 0.29% 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.

Which ETF has performed better, ENDW or UUP?

Over the 1-year period, ENDW has performed better with a 23.12% return vs 8.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ENDW or UUP?

ENDW is cheaper with a 0.29% expense ratio, compared with 0.75% for UUP.

Which ETF pays a higher dividend yield, ENDW or UUP?

UUP has the higher dividend yield at 3.25%, compared with 2.47% for ENDW.

What is the main difference between ENDW and UUP?

ENDW is categorized as Global Allocation, while UUP is Currency. They also come from different issuers: Cambria and Invesco. Their fees differ too: 0.29% for ENDW and 0.75% for UUP.

Which has better risk-adjusted returns?

ENDW currently has the higher Sharpe Ratio (2.23 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.