KNOW vs. UUP

Last updated Jul 22, 2026

KNOW (Fundamentals First ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - KNOW is a Diversified Portfolio fund actively managed by Mason Capital Partners, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. KNOW is actively managed, while UUP is passively managed. Over the past year, KNOW returned 18.07% vs 8.12% for UUP. At a correlation of -0.26, they often move in opposite directions. KNOW charges 1.10%/yr vs 0.75%/yr for UUP.

Performance

KNOW vs. UUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fundamentals First ETF (KNOW) 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, KNOW achieves a 14.09% return, which is significantly higher than UUP's 5.36% return.

KNOW

• 1D: 0.42%
• 1M: -0.15%
• 6M: 9.79%
• YTD: 14.09%
• 1Y: 18.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.51%

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)

KNOW vs. UUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KNOW Fundamentals First ETF	14.09%	8.19%	7.62%
UUP Invesco DB US Dollar Index Bullish Fund	5.36%	-4.99%	9.74%

Correlation

The correlation between KNOW and UUP is -0.35, 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	-0.35
Correlation (All Time) Calculated using the full available price history since Feb 22, 2024	-0.26

Return for Risk

KNOW vs. UUP — Risk / Return Rank

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

KNOW

KNOW Risk / Return Rank: 73
KNOW Sharpe Ratio Rank: 74
KNOW Sortino Ratio Rank: 76
KNOW Omega Ratio Rank: 71
KNOW Calmar Ratio Rank: 72
KNOW Martin Ratio Rank: 73

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.

KNOW vs. UUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fundamentals First ETF (KNOW) 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.

	KNOW	UUP	Difference
Sharpe ratio: Return per unit of total volatility	1.81	1.36	+0.45
Sortino ratio: Return per unit of downside risk	2.59	1.96	+0.63
Omega ratio: Gain probability vs. loss probability	1.32	1.25	+0.07
Calmar ratio: Return relative to maximum drawdown	2.76	2.24	+0.52
Martin ratio: Return relative to average drawdown	9.87	6.18	+3.69

KNOW vs. UUP - Sharpe Ratio Comparison

The current KNOW Sharpe Ratio is 1.81, which is higher than the UUP Sharpe Ratio of 1.36. The chart below compares the historical Sharpe Ratios of KNOW 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

KNOW vs. UUP - Drawdown Comparison

The maximum KNOW drawdown since its inception was -15.99%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for KNOW and UUP.

Drawdown Indicators

	KNOW	UUP	Difference
Max Drawdown Largest peak-to-trough decline	-15.99%	-22.19%	+6.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.57%	-3.65%	-2.92%
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	-2.22%	-1.33%	-0.89%
Average Drawdown Average peak-to-trough decline	-2.08%	-8.87%	+6.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	1.32%	+0.52%

Volatility

KNOW vs. UUP - Volatility Comparison

Fundamentals First ETF (KNOW) has a higher volatility of 3.26% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.31%. This indicates that KNOW'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

	KNOW	UUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.26%	1.31%	+1.95%
Volatility (6M) Calculated over the trailing 6-month period	7.80%	4.39%	+3.41%
Volatility (1Y) Calculated over the trailing 1-year period	10.03%	6.02%	+4.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.32%	7.22%	+5.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.32%	6.90%	+5.42%

KNOW vs. UUP - Expense Ratio Comparison

KNOW has a 1.10% expense ratio, which is higher than UUP's 0.75% expense ratio.

Dividends

KNOW vs. UUP - Dividend Comparison

KNOW's dividend yield for the trailing twelve months is around 1.27%, less than UUP's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KNOW Fundamentals First ETF	1.27%	1.53%	1.35%	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 KNOW and UUP in my portfolio?

KNOW and UUP have a correlation of -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KNOW or UUP?

KNOW has higher volatility (3.26%) compared to UUP (1.31%). In terms of maximum drawdown, KNOW dropped -15.99% vs UUP's -22.19%.

Which ETF is better, KNOW or UUP?

On 1-year performance, KNOW leads with 18.07% vs 8.12% for UUP. On fees, UUP is cheaper at 0.75% per year. On volatility, UUP has been the lower-risk option at 1.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KNOW or UUP?

Over the 1-year period, KNOW has performed better with a 18.07% return vs 8.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KNOW or UUP?

UUP is cheaper with a 0.75% expense ratio, compared with 1.10% for KNOW.

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

UUP has the higher dividend yield at 3.25%, compared with 1.27% for KNOW.

What is the main difference between KNOW and UUP?

KNOW is categorized as Diversified Portfolio, while UUP is Currency. They also come from different issuers: Mason Capital Partners and Invesco. Their fees differ too: 1.10% for KNOW and 0.75% for UUP.

Which has better risk-adjusted returns?

KNOW currently has the higher Sharpe Ratio (1.81 vs 1.36), 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.