USD=X vs. UUP
USD=X (USD Cash) is a currency, while UUP (Invesco DB US Dollar Index Bullish Fund) is Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Over the past 10 years, USD=X returned 0.00%/yr vs 3.15%/yr for UUP.
Performance
USD=X vs. UUP - Performance Comparison
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Returns By Period
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
UUP
- 1D
- -0.18%
- 1M
- 2.63%
- YTD
- 5.36%
- 6M
- 5.68%
- 1Y
- 8.76%
- 3Y*
- 4.96%
- 5Y*
- 6.00%
- 10Y*
- 3.15%
USD=X vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.36% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | 7.05% | -9.10% |
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Return for Risk
USD=X vs. UUP — Risk / Return Rank
USD=X
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UUP
USD=X vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USD Cash (USD=X) and Invesco DB US Dollar Index Bullish Fund (UUP). 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.
| USD=X | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.26 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.41 | — |
| Martin ratioReturn relative to average drawdown | — | 6.64 | — |
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Drawdowns
USD=X vs. UUP - Drawdown Comparison
The maximum USD=X drawdown since its inception was 0.00%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for USD=X and UUP.
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Drawdown Indicators
| USD=X | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -22.19% | +22.19% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -3.65% | +3.65% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -10.05% | +10.05% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | -10.37% | +10.37% |
Max Drawdown (10Y)Largest decline over 10 years | 0.00% | -14.24% | +14.24% |
Current DrawdownCurrent decline from peak | 0.00% | -1.33% | +1.33% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -8.90% | +8.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 1.32% | -1.32% |
Volatility
USD=X vs. UUP - Volatility Comparison
The current volatility for USD Cash (USD=X) is 0.00%, while Invesco DB US Dollar Index Bullish Fund (UUP) has a volatility of 1.38%. This indicates that USD=X experiences smaller price fluctuations and is considered to be less risky than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD=X | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 1.38% | -1.38% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 4.31% | -4.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.00% | 6.04% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.00% | 7.22% | -7.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.00% | 6.91% | -6.91% |
Frequently Asked Questions
UUP has higher volatility (1.38%) compared to USD=X (0.00%). In terms of maximum drawdown, USD=X dropped 0.00% vs UUP's -22.19%.
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