LCSIX vs. UUP

Last updated Jul 14, 2026

LCSIX (LoCorr Long/Short Commodity Strategies Fund) and UUP (Invesco DB US Dollar Index Bullish Fund) are both funds - LCSIX is a Systematic Trend fund managed by LoCorr Funds, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Over the past 10 years, LCSIX returned 2.54%/yr vs 3.17%/yr for UUP. At a correlation of -0.03, they often move in opposite directions. LCSIX charges 1.75%/yr vs 0.75%/yr for UUP.

Performance

LCSIX vs. UUP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in LoCorr Long/Short Commodity Strategies Fund (LCSIX) and Invesco DB US Dollar Index Bullish Fund (UUP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

Over the past 10 years, LCSIX has underperformed UUP with an annualized return of 2.54%, while UUP has yielded a comparatively higher 3.17% annualized return.

LCSIX

• 1D: -0.12%
• 1M: -2.38%
• 6M: 0.47%
• YTD: 0.00%
• 1Y: -1.68%
• 3Y*: -2.20%
• 5Y*: 0.14%
• 10Y*: 2.54%

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)

LCSIX vs. UUP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCSIX LoCorr Long/Short Commodity Strategies Fund	0.00%	1.13%	-8.29%	-3.07%	6.04%	14.90%	9.90%	-5.97%	15.16%	6.19%
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%	-9.10%

Correlation

The correlation between LCSIX and UUP is -0.24, 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	-0.24
Correlation (3Y) Calculated over the trailing 3-year period	-0.20
Correlation (5Y) Calculated over the trailing 5-year period	-0.21
Correlation (10Y) Calculated over the trailing 10-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Jan 17, 2012	-0.03

Over the past year, the inverse relationship between LCSIX and UUP has strengthened: their correlation has moved from -0.03 to -0.24, meaning they now move in opposite directions more often than their long-term average.

Return for Risk

LCSIX vs. UUP — Risk / Return Rank

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

LCSIX

LCSIX Risk / Return Rank: 2
LCSIX Sharpe Ratio Rank: 2
LCSIX Sortino Ratio Rank: 2
LCSIX Omega Ratio Rank: 2
LCSIX Calmar Ratio Rank: 2
LCSIX Martin Ratio Rank: 2

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.

LCSIX vs. UUP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for LoCorr Long/Short Commodity Strategies Fund (LCSIX) 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.

	LCSIX	UUP	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	1.38	-1.65
Sortino ratio: Return per unit of downside risk	-0.32	1.99	-2.31
Omega ratio: Gain probability vs. loss probability	0.96	1.25	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.32	2.28	-2.60
Martin ratio: Return relative to average drawdown	-0.74	6.26	-7.00

LCSIX vs. UUP - Sharpe Ratio Comparison

The current LCSIX Sharpe Ratio is -0.27, which is lower than the UUP Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of LCSIX 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

LCSIX vs. UUP - Drawdown Comparison

The maximum LCSIX drawdown since its inception was -25.13%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for LCSIX and UUP.

Drawdown Indicators

	LCSIX	UUP	Difference
Max Drawdown Largest peak-to-trough decline	-25.13%	-22.19%	-2.94%
Max Drawdown (1Y) Largest decline over 1 year	-4.97%	-3.65%	-1.32%
Max Drawdown (3Y) Largest decline over 3 years	-11.60%	-10.05%	-1.55%
Max Drawdown (5Y) Largest decline over 5 years	-13.21%	-10.37%	-2.84%
Max Drawdown (10Y) Largest decline over 10 years	-13.54%	-14.24%	+0.70%
Current Drawdown Current decline from peak	-11.21%	-1.26%	-9.95%
Average Drawdown Average peak-to-trough decline	-6.39%	-8.88%	+2.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	1.33%	+0.81%

Volatility

LCSIX vs. UUP - Volatility Comparison

The current volatility for LoCorr Long/Short Commodity Strategies Fund (LCSIX) is 1.32%, while Invesco DB US Dollar Index Bullish Fund (UUP) has a volatility of 1.45%. This indicates that LCSIX experiences smaller price fluctuations and is considered to be less risky than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LCSIX	UUP	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	1.45%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	4.77%	4.34%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	5.94%	6.03%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.51%	7.22%	-1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.66%	6.90%	-0.24%

LCSIX vs. UUP - Expense Ratio Comparison

LCSIX has a 1.75% expense ratio, which is higher than UUP's 0.75% expense ratio.

Dividends

LCSIX vs. UUP - Dividend Comparison

LCSIX's dividend yield for the trailing twelve months is around 2.32%, less than UUP's 3.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.32%	2.32%	2.75%	1.88%	10.75%	7.14%	2.94%	0.54%	12.36%	0.02%	3.21%	7.36%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LCSIX and UUP in my portfolio?

LCSIX and UUP have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCSIX or UUP?

UUP has higher volatility (1.45%) compared to LCSIX (1.32%). In terms of maximum drawdown, LCSIX dropped -25.13% vs UUP's -22.19%.

Which has better risk-adjusted returns?

UUP currently has the higher Sharpe Ratio (1.38 vs -0.27), 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.