UDN vs. IGOV
Compare and contrast key facts about Invesco DB US Dollar Index Bearish Fund (UDN) and iShares International Treasury Bond ETF (IGOV).
UDN and IGOV 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. IGOV is a passively managed fund by iShares that tracks the performance of the S&P/Citigroup International Treasury Bond Index Ex-US. It was launched on Jan 21, 2009. Both UDN and IGOV 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 IGOV.
Correlation
The correlation between UDN and IGOV is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UDN vs. IGOV - Performance Comparison
Key characteristics
UDN:
1.32
IGOV:
1.02
UDN:
2.18
IGOV:
1.61
UDN:
1.24
IGOV:
1.19
UDN:
0.27
IGOV:
0.29
UDN:
2.52
IGOV:
2.06
UDN:
3.86%
IGOV:
4.59%
UDN:
7.36%
IGOV:
9.24%
UDN:
-41.67%
IGOV:
-35.88%
UDN:
-28.76%
IGOV:
-24.49%
Returns By Period
In the year-to-date period, UDN achieves a 10.05% return, which is significantly higher than IGOV's 8.72% return. Over the past 10 years, UDN has outperformed IGOV with an annualized return of -0.22%, while IGOV has yielded a comparatively lower -0.66% annualized return.
UDN
10.05%
4.25%
5.01%
9.34%
0.76%
-0.22%
IGOV
8.72%
5.00%
3.30%
9.26%
-2.99%
-0.66%
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UDN vs. IGOV - Expense Ratio Comparison
UDN has a 0.77% expense ratio, which is higher than IGOV's 0.35% expense ratio.
Risk-Adjusted Performance
UDN vs. IGOV — Risk-Adjusted Performance Rank
UDN
IGOV
UDN vs. IGOV - 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 International Treasury Bond ETF (IGOV). 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. IGOV - Dividend Comparison
UDN's dividend yield for the trailing twelve months is around 4.84%, more than IGOV's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
IGOV iShares International Treasury Bond ETF | 0.54% | 0.59% | 0.00% | 0.11% | 0.39% | 0.00% | 0.24% | 0.31% | 0.19% | 0.69% | 0.22% | 1.28% |
Drawdowns
UDN vs. IGOV - Drawdown Comparison
The maximum UDN drawdown since its inception was -41.67%, which is greater than IGOV's maximum drawdown of -35.88%. Use the drawdown chart below to compare losses from any high point for UDN and IGOV. For additional features, visit the drawdowns tool.
Volatility
UDN vs. IGOV - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bearish Fund (UDN) is 3.34%, while iShares International Treasury Bond ETF (IGOV) has a volatility of 3.86%. This indicates that UDN experiences smaller price fluctuations and is considered to be less risky than IGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.