UDN vs. VOO
Compare and contrast key facts about Invesco DB US Dollar Index Bearish Fund (UDN) and Vanguard S&P 500 ETF (VOO).
UDN and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both UDN and VOO 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 VOO.
Correlation
The correlation between UDN and VOO is 0.19, 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. VOO - Performance Comparison
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Key characteristics
UDN:
0.96
VOO:
0.52
UDN:
1.60
VOO:
0.89
UDN:
1.18
VOO:
1.13
UDN:
0.20
VOO:
0.57
UDN:
1.90
VOO:
2.18
UDN:
3.87%
VOO:
4.85%
UDN:
7.58%
VOO:
19.11%
UDN:
-41.67%
VOO:
-33.99%
UDN:
-29.34%
VOO:
-7.67%
Returns By Period
In the year-to-date period, UDN achieves a 9.16% return, which is significantly higher than VOO's -3.41% return. Over the past 10 years, UDN has underperformed VOO with an annualized return of -0.73%, while VOO has yielded a comparatively higher 12.42% annualized return.
UDN
9.16%
0.72%
5.70%
7.30%
0.69%
-0.73%
VOO
-3.41%
7.59%
-5.06%
9.79%
15.86%
12.42%
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UDN vs. VOO - Expense Ratio Comparison
UDN has a 0.77% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
UDN vs. VOO — Risk-Adjusted Performance Rank
UDN
VOO
UDN vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bearish Fund (UDN) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
UDN's dividend yield for the trailing twelve months is around 4.88%, more than VOO's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.34% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
UDN vs. VOO - Drawdown Comparison
The maximum UDN drawdown since its inception was -41.67%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for UDN and VOO. For additional features, visit the drawdowns tool.
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Volatility
UDN vs. VOO - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bearish Fund (UDN) is 3.48%, while Vanguard S&P 500 ETF (VOO) has a volatility of 6.83%. This indicates that UDN experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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