QDPL vs. UUP
QDPL (Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - QDPL is a Large Cap Blend Equities fund tracking the Metaurus US Large Cap Dividend Multiplier Index - Series 400, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. Over the past 5 years, QDPL returned 12.01%/yr vs 5.89%/yr for UUP. At a correlation of -0.30, they often move in opposite directions. QDPL charges 0.60%/yr vs 0.75%/yr for UUP.
Performance
QDPL vs. UUP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QDPL achieves a 9.98% return, which is significantly higher than UUP's 5.44% return.
QDPL
- 1D
- -0.70%
- 1M
- 1.09%
- 6M
- 8.15%
- YTD
- 9.98%
- 1Y
- 20.45%
- 3Y*
- 18.64%
- 5Y*
- 12.01%
- 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%
QDPL vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF | 9.98% | 16.52% | 22.83% | 23.66% | -16.25% | 7.82% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 13.50% | 3.63% | 9.46% | 3.35% |
Correlation
The correlation between QDPL and UUP is -0.32, 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 | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.30 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021 | -0.30 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
QDPL vs. UUP — Risk / Return Rank
QDPL
UUP
QDPL vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) 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.
| QDPL | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.25 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.28 | +0.10 |
| Martin ratioReturn relative to average drawdown | 10.48 | 6.26 | +4.22 |
Loading charts...
Drawdowns
QDPL vs. UUP - Drawdown Comparison
The maximum QDPL drawdown since its inception was -22.59%, roughly equal to the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for QDPL and UUP.
Loading charts...
Drawdown Indicators
| QDPL | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.59% | -22.19% | -0.40% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -3.65% | -5.00% |
Max Drawdown (3Y)Largest decline over 3 years | -17.75% | -10.05% | -7.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.59% | -10.37% | -12.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -1.03% | -1.26% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -5.08% | -8.88% | +3.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.33% | +0.63% |
Volatility
QDPL vs. UUP - Volatility Comparison
Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) has a higher volatility of 3.82% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that QDPL'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.
Loading charts...
Volatility by Period
| QDPL | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 1.45% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.87% | 4.34% | +5.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 6.03% | +6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 7.22% | +7.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 6.90% | +8.13% |
QDPL vs. UUP - Expense Ratio Comparison
QDPL has a 0.60% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
QDPL vs. UUP - Dividend Comparison
QDPL's dividend yield for the trailing twelve months is around 4.55%, more than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF | 4.55% | 4.84% | 5.43% | 6.30% | 7.27% | 2.44% | 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
QDPL and UUP have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QDPL has higher volatility (3.82%) compared to UUP (1.45%). In terms of maximum drawdown, QDPL dropped -22.59% vs UUP's -22.19%.
On 5-year performance, QDPL leads with 12.01% vs 5.89% for UUP. On fees, QDPL is cheaper at 0.60% 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 5-year period, QDPL has performed better with a 12.01% return vs 5.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QDPL is cheaper with a 0.60% expense ratio, compared with 0.75% for UUP.
QDPL has the higher dividend yield at 4.55%, compared with 3.25% for UUP.
QDPL is categorized as Large Cap Blend Equities, while UUP is Currency. QDPL tracks Metaurus US Large Cap Dividend Multiplier Index - Series 400, while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.60% for QDPL and 0.75% for UUP.
QDPL currently has the higher Sharpe Ratio (1.65 vs 1.38), 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.
Find the right allocation for QDPL and UUP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer