GLTR vs. UUP
GLTR (abrdn Physical Precious Metals Basket Shares ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - GLTR is a Precious Metals fund tracking the ETFS Physical Precious Metals Basket 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 10 years, GLTR returned 10.23%/yr vs 3.17%/yr for UUP. At a correlation of -0.45, they often move in opposite directions. GLTR charges 0.60%/yr vs 0.75%/yr for UUP.
Performance
GLTR vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, GLTR achieves a -12.60% return, which is significantly lower than UUP's 5.44% return. Over the past 10 years, GLTR has outperformed UUP with an annualized return of 10.23%, while UUP has yielded a comparatively lower 3.17% annualized return.
GLTR
- 1D
- -2.77%
- 1M
- -8.33%
- 6M
- -21.90%
- YTD
- -12.60%
- 1Y
- 25.79%
- 3Y*
- 25.77%
- 5Y*
- 12.74%
- 10Y*
- 10.23%
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%
GLTR vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLTR abrdn Physical Precious Metals Basket Shares ETF | -12.60% | 87.25% | 20.63% | 2.01% | -0.25% | -9.60% | 29.52% | 20.96% | -2.85% | 12.94% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | 7.05% | -9.10% |
Correlation
The correlation between GLTR and UUP is -0.43, 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 | -0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2010 | -0.45 |
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Return for Risk
GLTR vs. UUP — Risk / Return Rank
GLTR
UUP
GLTR vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Physical Precious Metals Basket Shares ETF (GLTR) 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.
| GLTR | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 2.28 | -1.59 |
| Martin ratioReturn relative to average drawdown | 1.54 | 6.26 | -4.72 |
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Drawdowns
GLTR vs. UUP - Drawdown Comparison
The maximum GLTR drawdown since its inception was -55.70%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for GLTR and UUP.
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Drawdown Indicators
| GLTR | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.70% | -22.19% | -33.51% |
Max Drawdown (1Y)Largest decline over 1 year | -37.52% | -3.65% | -33.87% |
Max Drawdown (3Y)Largest decline over 3 years | -37.52% | -10.05% | -27.47% |
Max Drawdown (5Y)Largest decline over 5 years | -37.52% | -10.37% | -27.15% |
Max Drawdown (10Y)Largest decline over 10 years | -37.52% | -14.24% | -23.28% |
Current DrawdownCurrent decline from peak | -37.00% | -1.26% | -35.74% |
Average DrawdownAverage peak-to-trough decline | -28.85% | -8.88% | -19.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.79% | 1.33% | +15.46% |
Volatility
GLTR vs. UUP - Volatility Comparison
abrdn Physical Precious Metals Basket Shares ETF (GLTR) has a higher volatility of 9.95% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that GLTR'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
| GLTR | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.95% | 1.45% | +8.50% |
Volatility (6M)Calculated over the trailing 6-month period | 35.53% | 4.34% | +31.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.31% | 6.03% | +33.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.08% | 7.22% | +16.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 6.90% | +13.86% |
GLTR vs. UUP - Expense Ratio Comparison
GLTR has a 0.60% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
GLTR vs. UUP - Dividend Comparison
GLTR has not paid dividends to shareholders, while UUP's dividend yield for the trailing twelve months is around 3.25%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GLTR abrdn Physical Precious Metals Basket Shares ETF | 0.00% | 0.00% | 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
GLTR and UUP have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLTR has higher volatility (9.95%) compared to UUP (1.45%). In terms of maximum drawdown, GLTR dropped -55.70% vs UUP's -22.19%.
On 10-year performance, GLTR leads with 10.23% vs 3.17% for UUP. On fees, GLTR is cheaper at 0.60% 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 10-year period, GLTR has performed better with a 10.23% return vs 3.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLTR is cheaper with a 0.60% expense ratio, compared with 0.75% for UUP.
UUP has the higher dividend yield at 3.25%, compared with 0.00% for GLTR.
GLTR is categorized as Precious Metals, while UUP is Currency. GLTR tracks ETFS Physical Precious Metals Basket Index, while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: abrdn and Invesco. Their fees differ too: 0.60% for GLTR and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (1.38 vs 0.66), 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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