LGLV vs. UUP
LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - LGLV is a Volatility Hedged Equity fund tracking the State Street U.S. Large Cap Low Volatility Index, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. Over the past 10 years, LGLV returned 11.11%/yr vs 3.17%/yr for UUP. At a correlation of -0.12, they often move in opposite directions. LGLV charges 0.12%/yr vs 0.75%/yr for UUP.
Performance
LGLV vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, LGLV achieves a 6.57% return, which is significantly higher than UUP's 5.44% return. Over the past 10 years, LGLV has outperformed UUP with an annualized return of 11.11%, while UUP has yielded a comparatively lower 3.17% annualized return.
LGLV
- 1D
- 0.66%
- 1M
- 2.56%
- 6M
- 4.07%
- YTD
- 6.57%
- 1Y
- 8.59%
- 3Y*
- 11.89%
- 5Y*
- 8.45%
- 10Y*
- 11.11%
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%
LGLV vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 6.57% | 8.37% | 16.22% | 9.19% | -8.17% | 27.95% | 7.42% | 30.83% | 0.32% | 17.84% |
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 LGLV and UUP is -0.19, 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 | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2013 | -0.12 |
The correlation between LGLV and UUP shifts across timeframes, from -0.27 (5 years) to -0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
LGLV vs. UUP — Risk / Return Rank
LGLV
UUP
LGLV vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) 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.
| LGLV | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 2.28 | -1.02 |
| Martin ratioReturn relative to average drawdown | 2.92 | 6.26 | -3.34 |
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Drawdowns
LGLV vs. UUP - Drawdown Comparison
The maximum LGLV drawdown since its inception was -36.64%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for LGLV and UUP.
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Drawdown Indicators
| LGLV | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.64% | -22.19% | -14.45% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -3.65% | -3.21% |
Max Drawdown (3Y)Largest decline over 3 years | -10.17% | -10.05% | -0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -17.49% | -10.37% | -7.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.64% | -14.24% | -22.40% |
Current DrawdownCurrent decline from peak | -1.28% | -1.26% | -0.02% |
Average DrawdownAverage peak-to-trough decline | -3.22% | -8.88% | +5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 1.33% | +1.61% |
Volatility
LGLV vs. UUP - Volatility Comparison
SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) has a higher volatility of 3.62% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that LGLV'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.
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Volatility by Period
| LGLV | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.62% | 1.45% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 7.34% | 4.34% | +3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.79% | 6.03% | +3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.98% | 7.22% | +5.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.06% | 6.90% | +9.16% |
LGLV vs. UUP - Expense Ratio Comparison
LGLV has a 0.12% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
LGLV vs. UUP - Dividend Comparison
LGLV's dividend yield for the trailing twelve months is around 2.01%, less than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF | 2.01% | 1.94% | 1.93% | 2.03% | 1.95% | 1.65% | 1.98% | 1.89% | 2.09% | 4.39% | 2.54% | 2.97% |
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
LGLV and UUP have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LGLV has higher volatility (3.62%) compared to UUP (1.45%). In terms of maximum drawdown, LGLV dropped -36.64% vs UUP's -22.19%.
On 10-year performance, LGLV leads with 11.11% vs 3.17% for UUP. On fees, LGLV is cheaper at 0.12% 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.
Over the 10-year period, LGLV has performed better with a 11.11% return vs 3.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LGLV is cheaper with a 0.12% expense ratio, compared with 0.75% for UUP.
UUP has the higher dividend yield at 3.25%, compared with 2.01% for LGLV.
LGLV is categorized as Volatility Hedged Equity, while UUP is Currency. LGLV tracks State Street U.S. Large Cap Low Volatility Index, while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.12% for LGLV and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (1.38 vs 0.88), 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.
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