USDC-USD vs. UUP
USDC-USD (USDCoin) is a cryptocurrency, 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 5 years, USDC-USD returned -0.01%/yr vs 5.90%/yr for UUP. At a correlation of -0.02, they often move in opposite directions.
Performance
USDC-USD vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, USDC-USD achieves a 0.01% return, which is significantly lower than UUP's 3.00% return.
USDC-USD
- 1D
- 0.00%
- 1M
- -0.01%
- YTD
- 0.01%
- 6M
- -0.01%
- 1Y
- -0.01%
- 3Y*
- -0.00%
- 5Y*
- -0.01%
- 10Y*
- —
UUP
- 1D
- -0.07%
- 1M
- 1.24%
- YTD
- 3.00%
- 6M
- 2.42%
- 1Y
- 5.38%
- 3Y*
- 3.92%
- 5Y*
- 5.90%
- 10Y*
- 3.19%
USDC-USD vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
USDC-USD USDCoin | 0.01% | -0.03% | -0.02% | 0.02% | -0.01% | 0.03% | -0.40% | -1.26% | 1.43% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.00% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | 1.15% |
Correlation
The correlation between USDC-USD and UUP is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.00 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 2018 | -0.02 |
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Return for Risk
USDC-USD vs. UUP — Risk / Return Rank
USDC-USD
UUP
USDC-USD vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USDCoin (USDC-USD) 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.
| USDC-USD | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.37 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.48 | -1.68 |
| Martin ratioReturn relative to average drawdown | -0.42 | 3.93 | -4.35 |
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
| USDC-USD | UUP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.06 | 0.89 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.82 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.20 | -0.21 |
Drawdowns
USDC-USD vs. UUP - Drawdown Comparison
The maximum USDC-USD drawdown since its inception was -6.79%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for USDC-USD and UUP.
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Drawdown Indicators
| USDC-USD | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.79% | -22.19% | +15.40% |
Max Drawdown (1Y)Largest decline over 1 year | -0.05% | -3.65% | +3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -0.11% | -10.05% | +9.94% |
Max Drawdown (5Y)Largest decline over 5 years | -3.32% | -10.37% | +7.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -3.64% | -3.55% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -3.49% | -8.92% | +5.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 1.37% | -1.35% |
Volatility
USDC-USD vs. UUP - Volatility Comparison
The current volatility for USDCoin (USDC-USD) is 0.04%, while Invesco DB US Dollar Index Bullish Fund (UUP) has a volatility of 1.27%. This indicates that USDC-USD 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
| USDC-USD | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.04% | 1.27% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 0.13% | 4.24% | -4.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.14% | 6.08% | -5.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.53% | 7.22% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.26% | 6.96% | -3.70% |
Frequently Asked Questions
USDC-USD and UUP have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UUP has higher volatility (1.27%) compared to USDC-USD (0.04%). In terms of maximum drawdown, USDC-USD dropped -6.79% vs UUP's -22.19%.
UUP currently has the higher Sharpe Ratio (0.89 vs -0.06), 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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