IDVZ vs. UUP

Last updated Jul 14, 2026

IDVZ (Opal International Dividend Income ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - IDVZ is a Foreign Large Cap Equities fund actively managed by TrueMark Investments, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. IDVZ is actively managed, while UUP is passively managed. Over the past year, IDVZ returned 21.47% vs 8.28% for UUP. At a correlation of -0.48, they often move in opposite directions. Both charge a 0.75% expense ratio.

Performance

IDVZ vs. UUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opal International Dividend Income ETF (IDVZ) 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, IDVZ achieves a 10.34% return, which is significantly higher than UUP's 5.44% return.

IDVZ

• 1D: 0.32%
• 1M: -1.42%
• 6M: 8.02%
• YTD: 10.34%
• 1Y: 21.47%
• 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)

IDVZ vs. UUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IDVZ Opal International Dividend Income ETF	10.34%	33.14%	-1.76%
UUP Invesco DB US Dollar Index Bullish Fund	5.44%	-4.99%	0.38%

Correlation

The correlation between IDVZ and UUP is -0.55, 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	-0.55
Correlation (All Time) Calculated using the full available price history since Dec 27, 2024	-0.48

The correlation between IDVZ and UUP has been stable across timeframes, ranging from -0.55 to -0.48 - a consistent structural relationship.

Return for Risk

IDVZ vs. UUP — Risk / Return Rank

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

IDVZ

IDVZ Risk / Return Rank: 65
IDVZ Sharpe Ratio Rank: 68
IDVZ Sortino Ratio Rank: 68
IDVZ Omega Ratio Rank: 68
IDVZ Calmar Ratio Rank: 58
IDVZ Martin Ratio Rank: 63

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.

IDVZ vs. UUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opal International Dividend Income ETF (IDVZ) 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.

	IDVZ	UUP	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.38	+0.37
Sortino ratio: Return per unit of downside risk	2.46	1.99	+0.48
Omega ratio: Gain probability vs. loss probability	1.32	1.25	+0.07
Calmar ratio: Return relative to maximum drawdown	2.31	2.28	+0.03
Martin ratio: Return relative to average drawdown	8.85	6.26	+2.58

IDVZ vs. UUP - Sharpe Ratio Comparison

The current IDVZ Sharpe Ratio is 1.75, which is comparable to the UUP Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of IDVZ 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

IDVZ vs. UUP - Drawdown Comparison

The maximum IDVZ drawdown since its inception was -10.99%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for IDVZ and UUP.

Drawdown Indicators

	IDVZ	UUP	Difference
Max Drawdown Largest peak-to-trough decline	-10.99%	-22.19%	+11.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.35%	-3.65%	-5.70%
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	-1.89%	-1.26%	-0.63%
Average Drawdown Average peak-to-trough decline	-1.46%	-8.88%	+7.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.43%	1.33%	+1.10%

Volatility

IDVZ vs. UUP - Volatility Comparison

Opal International Dividend Income ETF (IDVZ) has a higher volatility of 3.95% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that IDVZ'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

	IDVZ	UUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	1.45%	+2.50%
Volatility (6M) Calculated over the trailing 6-month period	10.32%	4.34%	+5.98%
Volatility (1Y) Calculated over the trailing 1-year period	12.32%	6.03%	+6.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.39%	7.22%	+7.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.39%	6.90%	+7.49%

IDVZ vs. UUP - Expense Ratio Comparison

Both IDVZ and UUP have an expense ratio of 0.75%.

Dividends

IDVZ vs. UUP - Dividend Comparison

IDVZ's dividend yield for the trailing twelve months is around 2.60%, less than UUP's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDVZ Opal International Dividend Income ETF	2.60%	2.88%	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 IDVZ and UUP in my portfolio?

IDVZ and UUP have a correlation of -0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDVZ or UUP?

IDVZ has higher volatility (3.95%) compared to UUP (1.45%). In terms of maximum drawdown, IDVZ dropped -10.99% vs UUP's -22.19%.

Which ETF is better, IDVZ or UUP?

On 1-year performance, IDVZ leads with 21.47% vs 8.28% for UUP. Both ETFs have the same 0.75% expense ratio. 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, IDVZ or UUP?

Over the 1-year period, IDVZ has performed better with a 21.47% return vs 8.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDVZ or UUP?

IDVZ and UUP have the same expense ratio: 0.75% per year.

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

UUP has the higher dividend yield at 3.25%, compared with 2.60% for IDVZ.

What is the main difference between IDVZ and UUP?

IDVZ is categorized as Foreign Large Cap Equities, while UUP is Currency. They also come from different issuers: TrueMark Investments and Invesco.

Which has better risk-adjusted returns?

IDVZ currently has the higher Sharpe Ratio (1.75 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.