GC=F vs. UUP
Compare and contrast key facts about Gold (GC=F) and Invesco DB US Dollar Index Bullish Fund (UUP).
UUP is a passively managed fund by Invesco that tracks the performance of the Deutsche Bank Long US Dollar Index (USDX) Futures Index. It was launched on Feb 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or UUP.
Key characteristics
| GC=F | UUP | |
|---|---|---|
| YTD Return | 12.86% | 7.53% |
| 1Y Return | 21.16% | 8.74% |
| 3Y Return (Ann) | 8.40% | 8.10% |
| 5Y Return (Ann) | 9.60% | 4.20% |
| 10Y Return (Ann) | 5.06% | 4.26% |
| Sharpe Ratio | 1.45 | 1.51 |
| Daily Std Dev | 13.89% | 6.09% |
| Max Drawdown | -44.36% | -22.19% |
| Current Drawdown | -4.36% | -0.14% |
Correlation
The correlation between GC=F and UUP is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
GC=F vs. UUP - Performance Comparison
In the year-to-date period, GC=F achieves a 12.86% return, which is significantly higher than UUP's 7.53% return. Over the past 10 years, GC=F has outperformed UUP with an annualized return of 5.06%, while UUP has yielded a comparatively lower 4.26% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GC=F vs. UUP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) 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.
Drawdowns
GC=F vs. UUP - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for GC=F and UUP. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. UUP - Volatility Comparison
Gold (GC=F) has a higher volatility of 4.97% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.39%. This indicates that GC=F'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.