USDC-USD vs. UUP
Compare and contrast key facts about USDCoin (USDC-USD) and Invesco DB US Dollar Index Bullish Fund (UUP).
UUP is a passively managed fund by Invesco that tracks the performance of the Deutsche Bank Long US Dollar Index (USDX) Futures Index. It was launched on Feb 20, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: USDC-USD or UUP.
Performance
USDC-USD vs. UUP - Performance Comparison
Returns By Period
In the year-to-date period, USDC-USD achieves a -0.01% return, which is significantly lower than UUP's 11.37% return.
USDC-USD
-0.01%
0.01%
-0.01%
0.00%
0.02%
N/A
UUP
11.37%
3.36%
4.94%
9.39%
4.19%
3.63%
Key characteristics
| USDC-USD | UUP | |
|---|---|---|
| Sharpe Ratio | 0.01 | 1.64 |
| Sortino Ratio | 0.01 | 2.47 |
| Omega Ratio | 1.00 | 1.30 |
| Calmar Ratio | 0.00 | 1.71 |
| Martin Ratio | 0.05 | 6.23 |
| Ulcer Index | 0.05% | 1.57% |
| Daily Std Dev | 0.24% | 5.96% |
| Max Drawdown | -19.18% | -22.19% |
| Current Drawdown | -3.41% | 0.00% |
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Correlation
The correlation between USDC-USD and UUP is 0.02, 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.
Risk-Adjusted Performance
USDC-USD vs. UUP - Risk-Adjusted Performance 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.
Drawdowns
USDC-USD vs. UUP - Drawdown Comparison
The maximum USDC-USD drawdown since its inception was -19.18%, 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. For additional features, visit the drawdowns tool.
Volatility
USDC-USD vs. UUP - Volatility Comparison
The current volatility for USDCoin (USDC-USD) is 0.09%, while Invesco DB US Dollar Index Bullish Fund (UUP) has a volatility of 2.47%. 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.