UDN vs. KMB
UDN (Invesco DB US Dollar Index Bearish Fund) is Currency fund tracking the Deutsche Bank Short USD Currency Portfolio Index, while KMB (Kimberly-Clark Corporation) is a stock. Over the past 10 years, UDN returned -0.36%/yr vs 1.74%/yr for KMB. Their 0.11 correlation means their historical movements had little consistent relationship.
Performance
UDN vs. KMB - Performance Comparison
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Returns By Period
In the year-to-date period, UDN achieves a -0.66% return, which is significantly lower than KMB's 11.19% return. Over the past 10 years, UDN has underperformed KMB with an annualized return of -0.36%, while KMB has yielded a comparatively higher 1.74% annualized return.
UDN
- 1D
- 0.06%
- 1M
- 1.17%
- 6M
- -1.95%
- YTD
- -0.66%
- 1Y
- 0.62%
- 3Y*
- 2.88%
- 5Y*
- -0.30%
- 10Y*
- -0.36%
- ALL TIME*
- -0.73%
KMB
- 1D
- -0.80%
- 1M
- -4.72%
- 6M
- 12.19%
- YTD
- 11.19%
- 1Y
- -12.23%
- 3Y*
- -1.48%
- 5Y*
- -0.50%
- 10Y*
- 1.74%
- ALL TIME*
- 10.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $325.44M | $393.74M | $451.43M | |
| $1.67M | $1.52M | $2.03M |
UDN vs. KMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UDN Invesco DB US Dollar Index Bearish Fund | -0.66% | 12.37% | -4.53% | 4.88% | -7.96% | -7.03% | 6.20% | -0.97% | -5.02% | 9.50% |
KMB Kimberly-Clark Corporation | 11.19% | -19.86% | 11.79% | -7.08% | -1.58% | 9.66% | 0.95% | 24.57% | -2.06% | 9.04% |
Correlation
The correlation between UDN and KMB is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.16 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2007 | 0.11 |
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Return for Risk
UDN vs. KMB — Risk / Return Rank
UDN
KMB
UDN vs. KMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bearish Fund (UDN) and Kimberly-Clark Corporation (KMB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UDN | KMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.97 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | -0.27 | +0.63 |
| Martin ratioReturn relative to average drawdown | 0.69 | -0.39 | +1.09 |
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Drawdowns
UDN vs. KMB - Drawdown Comparison
The maximum UDN drawdown since its inception was -41.67%, which is greater than KMB's maximum drawdown of -36.97%. Use the drawdown chart below to compare losses from any high point for UDN and KMB.
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Drawdown Indicators
| UDN | KMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -36.97% | -4.70% |
Max Drawdown (1Y)Largest decline over 1 year | -5.13% | -29.60% | +24.47% |
Max Drawdown (3Y)Largest decline over 3 years | -8.59% | -34.06% | +25.47% |
Max Drawdown (5Y)Largest decline over 5 years | -20.44% | -34.06% | +13.62% |
Max Drawdown (10Y)Largest decline over 10 years | -25.72% | -34.06% | +8.34% |
Current DrawdownCurrent decline from peak | -27.74% | -21.48% | -6.26% |
Average DrawdownAverage peak-to-trough decline | -20.67% | -8.89% | -11.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.64% | 20.31% | -17.67% |
Volatility
UDN vs. KMB - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bearish Fund (UDN) is 1.53%, while Kimberly-Clark Corporation (KMB) has a volatility of 8.53%. This indicates that UDN experiences smaller price fluctuations and is considered to be less risky than KMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDN | KMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 8.53% | -7.00% |
Volatility (6M)Calculated over the trailing 6-month period | 4.09% | 18.63% | -14.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.89% | 27.16% | -21.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.42% | 20.63% | -13.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.84% | 21.25% | -14.41% |
Dividends
UDN vs. KMB - Dividend Comparison
UDN's dividend yield for the trailing twelve months is around 2.96%, less than KMB's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KMB Kimberly-Clark Corporation | 4.65% | 5.00% | 3.72% | 3.88% | 3.42% | 3.19% | 3.17% | 3.00% | 3.51% | 3.22% | 3.22% | 2.77% |
UDN Invesco DB US Dollar Index Bearish Fund | 2.96% | 2.94% | 5.33% | 5.21% | 0.69% | 0.00% | 0.00% | 1.38% | 1.26% | 0.11% | 0.00% | 0.00% |
Frequently Asked Questions
UDN and KMB have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KMB has higher volatility (8.53%) compared to UDN (1.53%). In terms of maximum drawdown, UDN dropped -41.67% vs KMB's -36.97%.
UDN currently has the higher Sharpe Ratio (0.31 vs -0.30), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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