IBD vs. UUP
IBD (Inspire Corporate Bond Impact ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - IBD is a Corporate Bonds fund tracking the Inspire Corporate Bond Impact Equal Weight 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, IBD returned 1.11%/yr vs 5.89%/yr for UUP. At a correlation of -0.21, they often move in opposite directions. IBD charges 0.49%/yr vs 0.75%/yr for UUP.
Performance
IBD vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, IBD achieves a -0.24% return, which is significantly lower than UUP's 5.44% return.
IBD
- 1D
- -0.25%
- 1M
- 0.02%
- 6M
- 0.22%
- YTD
- -0.24%
- 1Y
- 3.04%
- 3Y*
- 4.99%
- 5Y*
- 1.11%
- 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%
IBD vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBD Inspire Corporate Bond Impact ETF | -0.24% | 7.70% | 3.58% | 6.00% | -8.94% | -1.89% | 5.15% | 7.97% | -1.18% | 2.10% |
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% | -3.21% |
Correlation
The correlation between IBD and UUP is -0.29, 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 | -0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2017 | -0.21 |
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Return for Risk
IBD vs. UUP — Risk / Return Rank
IBD
UUP
IBD vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Inspire Corporate Bond Impact ETF (IBD) 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.
| IBD | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.25 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 2.28 | -0.86 |
| Martin ratioReturn relative to average drawdown | 4.17 | 6.26 | -2.09 |
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Drawdowns
IBD vs. UUP - Drawdown Comparison
The maximum IBD drawdown since its inception was -16.30%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for IBD and UUP.
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Drawdown Indicators
| IBD | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.30% | -22.19% | +5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.15% | -3.65% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.01% | -10.05% | +6.04% |
Max Drawdown (5Y)Largest decline over 5 years | -14.76% | -10.37% | -4.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -1.10% | -1.26% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -8.88% | +5.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.73% | 1.33% | -0.60% |
Volatility
IBD vs. UUP - Volatility Comparison
Inspire Corporate Bond Impact ETF (IBD) has a higher volatility of 1.76% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that IBD'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
| IBD | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.76% | 1.45% | +0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.15% | 4.34% | -1.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.25% | 6.03% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 7.22% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.70% | 6.90% | -0.20% |
IBD vs. UUP - Expense Ratio Comparison
IBD has a 0.49% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
IBD vs. UUP - Dividend Comparison
IBD's dividend yield for the trailing twelve months is around 4.28%, more than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IBD Inspire Corporate Bond Impact ETF | 4.28% | 4.17% | 4.18% | 3.39% | 1.75% | 1.36% | 1.63% | 2.47% | 2.06% | 0.82% |
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
IBD and UUP have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBD has higher volatility (1.76%) compared to UUP (1.45%). In terms of maximum drawdown, IBD dropped -16.30% vs UUP's -22.19%.
On 5-year performance, UUP leads with 5.89% vs 1.11% for IBD. On fees, IBD is cheaper at 0.49% 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 5-year period, UUP has performed better with a 5.89% return vs 1.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBD is cheaper with a 0.49% expense ratio, compared with 0.75% for UUP.
IBD has the higher dividend yield at 4.28%, compared with 3.25% for UUP.
IBD is categorized as Corporate Bonds, while UUP is Currency. IBD tracks Inspire Corporate Bond Impact Equal Weight Index, while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: Inspire and Invesco. Their fees differ too: 0.49% for IBD and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (1.38 vs 0.72), 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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