UDN vs. NEE
Compare and contrast key facts about Invesco DB US Dollar Index Bearish Fund (UDN) and NextEra Energy, Inc. (NEE).
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. NEE - Performance Comparison
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UDN vs. NEE - 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% |
NEE NextEra Energy, Inc. | 16.48% | 15.47% | 21.46% | -25.30% | -8.54% | 23.39% | 30.06% | 42.69% | 14.30% | 34.39% |
Returns By Period
In the year-to-date period, UDN achieves a -1.32% return, which is significantly lower than NEE's 16.48% return. Over the past 10 years, UDN has underperformed NEE with an annualized return of -0.49%, while NEE has yielded a comparatively higher 14.98% 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%
NEE
- 1D
- 0.90%
- 1M
- -0.95%
- YTD
- 16.48%
- 6M
- 24.71%
- 1Y
- 34.91%
- 3Y*
- 9.56%
- 5Y*
- 6.89%
- 10Y*
- 14.98%
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Return for Risk
UDN vs. NEE — Risk / Return Rank
UDN
NEE
UDN vs. NEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bearish Fund (UDN) and NextEra Energy, Inc. (NEE). 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 | NEE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 1.36 | -0.60 |
Sortino ratioReturn per unit of downside risk | 1.21 | 1.83 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.26 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 3.21 | -1.99 |
Martin ratioReturn relative to average drawdown | 2.94 | 7.11 | -4.17 |
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 | NEE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 1.36 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.26 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.07 | 0.60 | -0.67 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.10 | 0.64 | -0.74 |
Correlation
The correlation between UDN and NEE is 0.16, 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. NEE - Dividend Comparison
UDN's dividend yield for the trailing twelve months is around 2.98%, more than NEE's 2.50% 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% |
NEE NextEra Energy, Inc. | 2.50% | 2.82% | 2.87% | 3.08% | 2.03% | 1.65% | 1.81% | 2.06% | 2.55% | 2.52% | 2.91% | 2.96% |
Drawdowns
UDN vs. NEE - Drawdown Comparison
The maximum UDN drawdown since its inception was -41.67%, smaller than the maximum NEE drawdown of -47.81%. Use the drawdown chart below to compare losses from any high point for UDN and NEE.
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Drawdown Indicators
| UDN | NEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.67% | -47.81% | +6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -4.54% | -11.13% | +6.59% |
Max Drawdown (5Y)Largest decline over 5 years | -22.75% | -44.97% | +22.22% |
Max Drawdown (10Y)Largest decline over 10 years | -25.72% | -44.97% | +19.25% |
Current DrawdownCurrent decline from peak | -28.22% | -2.26% | -25.96% |
Average DrawdownAverage peak-to-trough decline | -20.55% | -8.95% | -11.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 5.03% | -3.15% |
Volatility
UDN vs. NEE - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bearish Fund (UDN) is 2.10%, while NextEra Energy, Inc. (NEE) has a volatility of 5.20%. This indicates that UDN experiences smaller price fluctuations and is considered to be less risky than NEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UDN | NEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.10% | 5.20% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 4.26% | 14.70% | -10.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.42% | 25.79% | -18.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.43% | 26.53% | -19.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.95% | 25.24% | -18.29% |