IRET vs. UUP

Last updated Jul 22, 2026

IRET (iREIT MarketVector Quality REIT Index ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - IRET is a REIT fund tracking the iREIT MarketVector Quality REIT Index, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. At a correlation of -0.22, they often move in opposite directions. IRET charges 0.60%/yr vs 0.75%/yr for UUP.

Performance

IRET vs. UUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iREIT MarketVector Quality REIT Index ETF (IRET) and Invesco DB US Dollar Index Bullish Fund (UUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IRET

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

UUP

• 1D: 0.32%
• 1M: 0.64%
• 6M: 4.67%
• YTD: 5.36%
• 1Y: 8.12%
• 3Y*: 5.41%
• 5Y*: 5.76%
• 10Y*: 3.06%
• ALL TIME*: 1.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IRET vs. UUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
IRET iREIT MarketVector Quality REIT Index ETF	14.33%	-0.94%	2.95%
UUP Invesco DB US Dollar Index Bullish Fund	5.36%	-4.99%	9.77%

Correlation

The correlation between IRET and UUP is -0.28, 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	-0.28
Correlation (All Time) Calculated using the full available price history since Mar 6, 2024	-0.22

Return for Risk

IRET vs. UUP — Risk / Return Rank

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

IRET

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UUP

UUP Risk / Return Rank: 54
UUP Sharpe Ratio Rank: 54
UUP Sortino Ratio Rank: 53
UUP Omega Ratio Rank: 52
UUP Calmar Ratio Rank: 60
UUP Martin Ratio Rank: 50

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.

IRET vs. UUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iREIT MarketVector Quality REIT Index ETF (IRET) 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.

	IRET	UUP	Difference
Sharpe ratio: Return per unit of total volatility	—	1.36	—
Sortino ratio: Return per unit of downside risk	—	1.96	—
Omega ratio: Gain probability vs. loss probability	—	1.25	—
Calmar ratio: Return relative to maximum drawdown	—	2.24	—
Martin ratio: Return relative to average drawdown	—	6.18	—

Drawdowns

Drawdown Indicators

	IRET	UUP	Difference
Max Drawdown Largest peak-to-trough decline	—	-22.19%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-3.65%	—
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	—	-1.33%	—
Average Drawdown Average peak-to-trough decline	—	-8.87%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.32%	—

Volatility

Volatility by Period

	IRET	UUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	6.02%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	7.22%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	6.90%	—

IRET vs. UUP - Expense Ratio Comparison

IRET has a 0.60% expense ratio, which is lower than UUP's 0.75% expense ratio.

Dividends

IRET vs. UUP - Dividend Comparison

IRET's dividend yield for the trailing twelve months is around 3.41%, more than UUP's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IRET iREIT MarketVector Quality REIT Index ETF	3.41%	5.14%	3.52%	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 IRET and UUP in my portfolio?

IRET and UUP have a correlation of -0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IRET or UUP?

On fees, IRET is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IRET or UUP?

IRET is cheaper with a 0.60% expense ratio, compared with 0.75% for UUP.

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

IRET has the higher dividend yield at 3.41%, compared with 3.25% for UUP.

What is the main difference between IRET and UUP?

IRET is categorized as REIT, while UUP is Currency. IRET tracks iREIT MarketVector Quality REIT Index, while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: iREIT and Invesco. Their fees differ too: 0.60% for IRET and 0.75% for UUP.