UDN vs. AAPL
Compare and contrast key facts about Invesco DB US Dollar Index Bearish Fund (UDN) and Apple Inc (AAPL).
UDN is a passively managed fund by Invesco that tracks the performance of the Deutsche Bank Short USD Currency Portfolio Index. It was launched on Feb 20, 2007.
Performance
UDN vs. AAPL - Performance Comparison
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UDN vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UDN Invesco DB US Dollar Index Bearish Fund | -1.32% | 12.37% | -4.53% | 4.88% | -7.96% | -7.03% | 6.20% | -0.97% | -5.02% | 9.50% |
AAPL Apple Inc | -6.56% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Returns By Period
In the year-to-date period, UDN achieves a -1.32% return, which is significantly higher than AAPL's -6.56% return. Over the past 10 years, UDN has underperformed AAPL with an annualized return of -0.49%, while AAPL has yielded a comparatively higher 26.13% annualized return.
UDN
- 1D
- 0.67%
- 1M
- -2.23%
- YTD
- -1.32%
- 6M
- -1.54%
- 1Y
- 5.59%
- 3Y*
- 3.05%
- 5Y*
- -0.33%
- 10Y*
- -0.49%
AAPL
- 1D
- 2.90%
- 1M
- -3.93%
- YTD
- -6.56%
- 6M
- -0.14%
- 1Y
- 14.75%
- 3Y*
- 16.01%
- 5Y*
- 16.20%
- 10Y*
- 26.13%
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Return for Risk
UDN vs. AAPL — Risk / Return Rank
UDN
AAPL
UDN vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bearish Fund (UDN) and Apple Inc (AAPL). 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.
| UDN | AAPL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 0.47 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.21 | 0.92 | +0.29 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 0.74 | +0.48 |
Martin ratioReturn relative to average drawdown | 2.94 | 2.30 | +0.63 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UDN | AAPL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.47 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.59 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.91 | -0.98 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.43 | -0.53 |
Correlation
The correlation between UDN and AAPL is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
UDN vs. AAPL - Dividend Comparison
UDN's dividend yield for the trailing twelve months is around 2.98%, more than AAPL's 0.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UDN Invesco DB US Dollar Index Bearish Fund | 2.98% | 2.94% | 5.33% | 5.21% | 0.69% | 0.00% | 0.00% | 1.38% | 1.26% | 0.11% | 0.00% | 0.00% |
AAPL Apple Inc | 0.41% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
Drawdowns
UDN vs. AAPL - Drawdown Comparison
The maximum UDN drawdown since its inception was -41.67%, smaller than the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for UDN and AAPL.
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Drawdown Indicators
| UDN | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -81.80% | +40.13% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -22.99% | +18.45% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | -33.36% | +10.61% |
Max Drawdown (10Y)Largest decline over 10 years | -25.72% | -38.52% | +12.80% |
Current DrawdownCurrent decline from peak | -28.22% | -11.24% | -16.98% |
Average DrawdownAverage peak-to-trough decline | -20.55% | -29.71% | +9.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 7.38% | -5.50% |
Volatility
UDN vs. AAPL - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bearish Fund (UDN) is 2.10%, while Apple Inc (AAPL) has a volatility of 5.58%. This indicates that UDN experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDN | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 5.58% | -3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 15.09% | -10.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 31.66% | -24.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 27.46% | -20.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.95% | 28.94% | -21.99% |