INTL vs. UUP

Last updated Jul 14, 2026

INTL (Main International ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - INTL is a Foreign Large Cap Equities fund actively managed by Main Funds, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. INTL is actively managed, while UUP is passively managed. Over the past 3 years, INTL returned 14.63%/yr vs 5.86%/yr for UUP. At a correlation of -0.50, they often move in opposite directions. INTL charges 1.04%/yr vs 0.75%/yr for UUP.

Performance

INTL vs. UUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Main International ETF (INTL) 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, INTL achieves a 8.90% return, which is significantly higher than UUP's 5.44% return.

INTL

• 1D: -1.70%
• 1M: -1.67%
• 6M: 4.34%
• YTD: 8.90%
• 1Y: 21.36%
• 3Y*: 14.63%
• 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)

INTL vs. UUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
INTL Main International ETF	8.90%	29.55%	2.00%	18.20%	-1.69%
UUP Invesco DB US Dollar Index Bullish Fund	5.44%	-4.99%	13.50%	3.63%	-0.73%

Correlation

The correlation between INTL and UUP is -0.50, 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	-0.50
Correlation (3Y) Calculated over the trailing 3-year period	-0.49
Correlation (All Time) Calculated using the full available price history since Dec 2, 2022	-0.50

The correlation between INTL and UUP has been stable across timeframes, ranging from -0.50 to -0.49 - a consistent structural relationship.

Return for Risk

INTL vs. UUP — Risk / Return Rank

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

INTL

INTL Risk / Return Rank: 47
INTL Sharpe Ratio Rank: 46
INTL Sortino Ratio Rank: 44
INTL Omega Ratio Rank: 47
INTL Calmar Ratio Rank: 46
INTL Martin Ratio Rank: 52

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.

INTL vs. UUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Main International ETF (INTL) 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.

	INTL	UUP	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.38	-0.09
Sortino ratio: Return per unit of downside risk	1.83	1.99	-0.16
Omega ratio: Gain probability vs. loss probability	1.24	1.25	-0.01
Calmar ratio: Return relative to maximum drawdown	1.86	2.28	-0.42
Martin ratio: Return relative to average drawdown	7.11	6.26	+0.85

INTL vs. UUP - Sharpe Ratio Comparison

The current INTL Sharpe Ratio is 1.29, which is comparable to the UUP Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of INTL 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

INTL vs. UUP - Drawdown Comparison

The maximum INTL drawdown since its inception was -14.48%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for INTL and UUP.

Drawdown Indicators

	INTL	UUP	Difference
Max Drawdown Largest peak-to-trough decline	-14.48%	-22.19%	+7.71%
Max Drawdown (1Y) Largest decline over 1 year	-11.51%	-3.65%	-7.86%
Max Drawdown (3Y) Largest decline over 3 years	-14.48%	-10.05%	-4.43%
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	-3.33%	-1.26%	-2.07%
Average Drawdown Average peak-to-trough decline	-2.86%	-8.88%	+6.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	1.33%	+1.68%

Volatility

INTL vs. UUP - Volatility Comparison

Main International ETF (INTL) has a higher volatility of 5.98% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that INTL'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

	INTL	UUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.98%	1.45%	+4.53%
Volatility (6M) Calculated over the trailing 6-month period	14.70%	4.34%	+10.36%
Volatility (1Y) Calculated over the trailing 1-year period	16.63%	6.03%	+10.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.74%	7.22%	+8.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.74%	6.90%	+8.84%

INTL vs. UUP - Expense Ratio Comparison

INTL has a 1.04% expense ratio, which is higher than UUP's 0.75% expense ratio.

Dividends

INTL vs. UUP - Dividend Comparison

INTL's dividend yield for the trailing twelve months is around 3.43%, more than UUP's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
INTL Main International ETF	3.43%	2.57%	2.71%	2.86%	1.41%	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 INTL and UUP in my portfolio?

INTL and UUP have a correlation of -0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, INTL or UUP?

INTL has higher volatility (5.98%) compared to UUP (1.45%). In terms of maximum drawdown, INTL dropped -14.48% vs UUP's -22.19%.

Which ETF is better, INTL or UUP?

On 3-year performance, INTL leads with 14.63% vs 5.86% for UUP. On fees, UUP is cheaper at 0.75% 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, INTL or UUP?

Over the 3-year period, INTL has performed better with a 14.63% return vs 5.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, INTL or UUP?

UUP is cheaper with a 0.75% expense ratio, compared with 1.04% for INTL.

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

INTL has the higher dividend yield at 3.43%, compared with 3.25% for UUP.

What is the main difference between INTL and UUP?

INTL is categorized as Foreign Large Cap Equities, while UUP is Currency. They also come from different issuers: Main Funds and Invesco. Their fees differ too: 1.04% for INTL and 0.75% for UUP.

Which has better risk-adjusted returns?

UUP currently has the higher Sharpe Ratio (1.38 vs 1.29), 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.