UDN vs. IAU
Compare and contrast key facts about Invesco DB US Dollar Index Bearish Fund (UDN) and iShares Gold Trust (IAU).
UDN and IAU 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. IAU is a passively managed fund by iShares that tracks the performance of the Gold Bullion. It was launched on Jan 28, 2005. Both UDN and IAU 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 IAU.
Correlation
The correlation between UDN and IAU is 0.44, 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. IAU - Performance Comparison
Key characteristics
UDN:
1.32
IAU:
2.37
UDN:
2.18
IAU:
3.14
UDN:
1.24
IAU:
1.41
UDN:
0.27
IAU:
4.75
UDN:
2.52
IAU:
12.80
UDN:
3.86%
IAU:
3.02%
UDN:
7.36%
IAU:
16.29%
UDN:
-41.67%
IAU:
-45.14%
UDN:
-28.76%
IAU:
-0.48%
Returns By Period
In the year-to-date period, UDN achieves a 10.05% return, which is significantly lower than IAU's 26.50% return. Over the past 10 years, UDN has underperformed IAU with an annualized return of -0.22%, while IAU has yielded a comparatively higher 10.44% annualized return.
UDN
10.05%
4.25%
5.01%
9.34%
0.76%
-0.22%
IAU
26.50%
8.90%
21.92%
39.18%
14.30%
10.44%
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UDN vs. IAU - Expense Ratio Comparison
UDN has a 0.77% expense ratio, which is higher than IAU's 0.25% expense ratio.
Risk-Adjusted Performance
UDN vs. IAU — Risk-Adjusted Performance Rank
UDN
IAU
UDN vs. IAU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bearish Fund (UDN) and iShares Gold Trust (IAU). 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. IAU - Dividend Comparison
UDN's dividend yield for the trailing twelve months is around 4.84%, while IAU has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
UDN Invesco DB US Dollar Index Bearish Fund | 4.84% | 5.33% | 5.21% | 0.69% | 0.00% | 0.00% | 1.38% | 1.26% | 0.11% |
IAU iShares Gold Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UDN vs. IAU - Drawdown Comparison
The maximum UDN drawdown since its inception was -41.67%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for UDN and IAU. For additional features, visit the drawdowns tool.
Volatility
UDN vs. IAU - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bearish Fund (UDN) is 3.34%, while iShares Gold Trust (IAU) has a volatility of 6.95%. This indicates that UDN experiences smaller price fluctuations and is considered to be less risky than IAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.