UDN vs. CEW
Compare and contrast key facts about Invesco DB US Dollar Index Bearish Fund (UDN) and WisdomTree Emerging Currency Strategy Fund (CEW).
UDN and CEW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CEW is an actively managed fund by WisdomTree. It was launched on May 6, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UDN or CEW.
Correlation
The correlation between UDN and CEW is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
UDN vs. CEW - Performance Comparison
Key characteristics
UDN:
1.29
CEW:
0.72
UDN:
2.13
CEW:
1.08
UDN:
1.24
CEW:
1.13
UDN:
0.26
CEW:
0.30
UDN:
2.46
CEW:
1.96
UDN:
3.86%
CEW:
2.45%
UDN:
7.36%
CEW:
6.70%
UDN:
-41.67%
CEW:
-27.80%
UDN:
-28.68%
CEW:
-11.01%
Returns By Period
In the year-to-date period, UDN achieves a 10.17% return, which is significantly higher than CEW's 3.99% return. Over the past 10 years, UDN has underperformed CEW with an annualized return of -0.29%, while CEW has yielded a comparatively higher 0.74% annualized return.
UDN
10.17%
4.25%
5.24%
9.83%
0.78%
-0.29%
CEW
3.99%
-0.96%
0.83%
5.33%
3.16%
0.74%
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UDN vs. CEW - Expense Ratio Comparison
UDN has a 0.77% expense ratio, which is higher than CEW's 0.55% expense ratio.
Risk-Adjusted Performance
UDN vs. CEW — Risk-Adjusted Performance Rank
UDN
CEW
UDN vs. CEW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bearish Fund (UDN) and WisdomTree Emerging Currency Strategy Fund (CEW). 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.
Dividends
UDN vs. CEW - Dividend Comparison
UDN's dividend yield for the trailing twelve months is around 4.83%, less than CEW's 5.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UDN Invesco DB US Dollar Index Bearish Fund | 4.83% | 5.33% | 5.21% | 0.69% | 0.00% | 0.00% | 1.38% | 1.26% | 0.11% | 0.00% | 0.00% | 0.00% |
CEW WisdomTree Emerging Currency Strategy Fund | 5.21% | 5.42% | 2.00% | 0.80% | 0.00% | 0.64% | 1.90% | 1.87% | 0.00% | 0.00% | 0.00% | 0.12% |
Drawdowns
UDN vs. CEW - Drawdown Comparison
The maximum UDN drawdown since its inception was -41.67%, which is greater than CEW's maximum drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for UDN and CEW. For additional features, visit the drawdowns tool.
Volatility
UDN vs. CEW - Volatility Comparison
Invesco DB US Dollar Index Bearish Fund (UDN) and WisdomTree Emerging Currency Strategy Fund (CEW) have volatilities of 3.36% and 3.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.