UDN vs. DUK
Compare and contrast key facts about Invesco DB US Dollar Index Bearish Fund (UDN) and Duke Energy Corporation (DUK).
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. DUK - Performance Comparison
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UDN vs. DUK - 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% |
DUK Duke Energy Corporation | 12.67% | 12.72% | 15.56% | -1.63% | 2.03% | 19.11% | 4.77% | 10.29% | 7.41% | 12.96% |
Returns By Period
In the year-to-date period, UDN achieves a -1.32% return, which is significantly lower than DUK's 12.67% return. Over the past 10 years, UDN has underperformed DUK with an annualized return of -0.49%, while DUK has yielded a comparatively higher 9.28% 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%
DUK
- 1D
- -0.58%
- 1M
- 0.07%
- YTD
- 12.67%
- 6M
- 7.64%
- 1Y
- 11.16%
- 3Y*
- 15.12%
- 5Y*
- 10.55%
- 10Y*
- 9.28%
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Return for Risk
UDN vs. DUK — Risk / Return Rank
UDN
DUK
UDN vs. DUK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bearish Fund (UDN) and Duke Energy Corporation (DUK). 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 | DUK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 0.70 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.04 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.13 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.24 | -0.03 |
Martin ratioReturn relative to average drawdown | 2.94 | 2.92 | +0.02 |
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 | DUK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.70 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.60 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.46 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.50 | -0.60 |
Correlation
The correlation between UDN and DUK is 0.13, 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. DUK - Dividend Comparison
UDN's dividend yield for the trailing twelve months is around 2.98%, less than DUK's 3.24% 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% |
DUK Duke Energy Corporation | 3.24% | 3.60% | 3.84% | 4.18% | 3.86% | 3.72% | 4.17% | 4.11% | 4.21% | 4.15% | 4.33% | 4.54% |
Drawdowns
UDN vs. DUK - Drawdown Comparison
The maximum UDN drawdown since its inception was -41.67%, smaller than the maximum DUK drawdown of -71.92%. Use the drawdown chart below to compare losses from any high point for UDN and DUK.
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Drawdown Indicators
| UDN | DUK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -71.92% | +30.25% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -10.88% | +6.34% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | -24.16% | +1.41% |
Max Drawdown (10Y)Largest decline over 10 years | -25.72% | -37.37% | +11.65% |
Current DrawdownCurrent decline from peak | -28.22% | -1.89% | -26.33% |
Average DrawdownAverage peak-to-trough decline | -20.55% | -10.88% | -9.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 4.63% | -2.75% |
Volatility
UDN vs. DUK - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bearish Fund (UDN) is 2.10%, while Duke Energy Corporation (DUK) has a volatility of 4.40%. This indicates that UDN experiences smaller price fluctuations and is considered to be less risky than DUK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDN | DUK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 4.40% | -2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 10.47% | -6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 16.12% | -8.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 17.76% | -10.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.95% | 20.36% | -13.41% |