UDN vs. FXE
Compare and contrast key facts about Invesco DB US Dollar Index Bearish Fund (UDN) and Invesco CurrencyShares® Euro Currency Trust (FXE).
UDN and FXE 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. FXE is a passively managed fund by Invesco that tracks the performance of the Euro. It was launched on Dec 9, 2005. Both UDN and FXE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UDN or FXE.
Correlation
The correlation between UDN and FXE is 0.20, 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.
Performance
UDN vs. FXE - Performance Comparison
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Key characteristics
UDN:
0.96
FXE:
0.81
UDN:
1.60
FXE:
1.41
UDN:
1.18
FXE:
1.16
UDN:
0.20
FXE:
0.18
UDN:
1.90
FXE:
1.80
UDN:
3.87%
FXE:
3.65%
UDN:
7.58%
FXE:
7.82%
UDN:
-41.67%
FXE:
-43.33%
UDN:
-29.34%
FXE:
-30.62%
Returns By Period
The year-to-date returns for both investments are quite close, with UDN having a 9.16% return and FXE slightly higher at 9.23%. Over the past 10 years, UDN has underperformed FXE with an annualized return of -0.73%, while FXE has yielded a comparatively higher -0.28% annualized return.
UDN
9.16%
0.72%
5.70%
7.30%
0.69%
-0.73%
FXE
9.23%
0.51%
5.83%
6.34%
1.20%
-0.28%
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UDN vs. FXE - Expense Ratio Comparison
UDN has a 0.77% expense ratio, which is higher than FXE's 0.40% expense ratio.
Risk-Adjusted Performance
UDN vs. FXE — Risk-Adjusted Performance Rank
UDN
FXE
UDN vs. FXE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bearish Fund (UDN) and Invesco CurrencyShares® Euro Currency Trust (FXE). 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.
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Dividends
UDN vs. FXE - Dividend Comparison
UDN's dividend yield for the trailing twelve months is around 4.88%, more than FXE's 1.70% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
UDN Invesco DB US Dollar Index Bearish Fund | 4.88% | 5.33% | 5.21% | 0.69% | 0.00% | 0.00% | 1.38% | 1.26% | 0.11% |
FXE Invesco CurrencyShares® Euro Currency Trust | 1.70% | 2.28% | 1.49% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UDN vs. FXE - Drawdown Comparison
The maximum UDN drawdown since its inception was -41.67%, roughly equal to the maximum FXE drawdown of -43.33%. Use the drawdown chart below to compare losses from any high point for UDN and FXE. For additional features, visit the drawdowns tool.
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Volatility
UDN vs. FXE - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bearish Fund (UDN) is 3.48%, while Invesco CurrencyShares® Euro Currency Trust (FXE) has a volatility of 3.78%. This indicates that UDN experiences smaller price fluctuations and is considered to be less risky than FXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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