USDU vs. EURUSD=X

Last updated Jun 3, 2026

USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) is Currency fund actively managed by WisdomTree, while EURUSD=X (EUR/USD) is a currency. Over the past 10 years, USDU returned 2.69%/yr vs 0.23%/yr for EURUSD=X. At a correlation of -0.76, they often move in opposite directions.

Performance

USDU vs. EURUSD=X - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) and EUR/USD (EURUSD=X). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, USDU achieves a 1.67% return, which is significantly higher than EURUSD=X's -1.00% return. Over the past 10 years, USDU has outperformed EURUSD=X with an annualized return of 2.69%, while EURUSD=X has yielded a comparatively lower 0.23% annualized return.

USDU

• 1D: -0.04%
• 1M: 1.27%
• YTD: 1.67%
• 6M: 0.85%
• 1Y: 4.56%
• 3Y*: 4.45%
• 5Y*: 5.37%
• 10Y*: 2.69%

EURUSD=X

• 1D: -0.03%
• 1M: -0.87%
• YTD: -1.00%
• 6M: 0.02%
• 1Y: 1.65%
• 3Y*: 2.79%
• 5Y*: -0.84%
• 10Y*: 0.23%

*Multi-year figures are annualized to reflect compound growth (CAGR)

USDU vs. EURUSD=X - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund	1.67%	-3.14%	14.56%	3.10%	7.67%	4.07%	-5.43%	1.54%	5.40%	-7.44%
EURUSD=X EUR/USD	-1.00%	13.43%	-6.18%	3.16%	-6.01%	-6.81%	8.85%	-1.94%	-4.66%	14.14%

Correlation

The correlation between USDU and EURUSD=X is -0.77, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.77
Correlation (3Y) Calculated over the trailing 3-year period	-0.80
Correlation (5Y) Calculated over the trailing 5-year period	-0.80
Correlation (10Y) Calculated over the trailing 10-year period	-0.77
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013	-0.76

The correlation between USDU and EURUSD=X has been stable across timeframes, ranging from -0.80 to -0.76 - a consistent structural relationship.

Return for Risk

USDU vs. EURUSD=X — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USDU

USDU Risk / Return Rank: 22
USDU Sharpe Ratio Rank: 23
USDU Sortino Ratio Rank: 23
USDU Omega Ratio Rank: 22
USDU Calmar Ratio Rank: 22
USDU Martin Ratio Rank: 22

EURUSD=X

EURUSD=X Risk / Return Rank: 50
EURUSD=X Sharpe Ratio Rank: 57
EURUSD=X Sortino Ratio Rank: 58
EURUSD=X Omega Ratio Rank: 58
EURUSD=X Calmar Ratio Rank: 39
EURUSD=X Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

USDU vs. EURUSD=X - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) and EUR/USD (EURUSD=X). 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.

	USDU	EURUSD=X	Difference
Sharpe ratio Return per unit of total volatility	0.81	0.23	+0.59
Sortino ratio Return per unit of downside risk	1.21	0.37	+0.84
Omega ratio Gain probability vs. loss probability	1.15	1.04	+0.10
Calmar ratio Return relative to maximum drawdown	1.04	-0.07	+1.12
Martin ratio Return relative to average drawdown	2.84	-0.16	+3.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USDU vs. EURUSD=X - Sharpe Ratio Comparison

The current USDU Sharpe Ratio is 0.81, which is higher than the EURUSD=X Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of USDU and EURUSD=X, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	USDU	EURUSD=X	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.81	0.23	+0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	-0.10	+0.92
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	0.03	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	-0.08	+0.52

Drawdowns

USDU vs. EURUSD=X - Drawdown Comparison

The maximum USDU drawdown since its inception was -14.54%, smaller than the maximum EURUSD=X drawdown of -40.01%. Use the drawdown chart below to compare losses from any high point for USDU and EURUSD=X.

Drawdown Indicators

	USDU	EURUSD=X	Difference
Max Drawdown Largest peak-to-trough decline	-14.54%	-40.01%	+25.47%
Max Drawdown (1Y) Largest decline over 1 year	-3.64%	-5.19%	+1.55%
Max Drawdown (3Y) Largest decline over 3 years	-7.73%	-8.83%	+1.10%
Max Drawdown (5Y) Largest decline over 5 years	-9.28%	-21.30%	+12.02%
Max Drawdown (10Y) Largest decline over 10 years	-14.54%	-23.31%	+8.77%
Current Drawdown Current decline from peak	-2.47%	-27.28%	+24.81%
Average Drawdown Average peak-to-trough decline	-4.72%	-23.40%	+18.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.34%	2.37%	-1.03%

Volatility

USDU vs. EURUSD=X - Volatility Comparison

WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) has a higher volatility of 1.24% compared to EUR/USD (EURUSD=X) at 1.02%. This indicates that USDU's price experiences larger fluctuations and is considered to be riskier than EURUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USDU	EURUSD=X	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.24%	1.02%	+0.22%
Volatility (6M) Calculated over the trailing 6-month period	4.31%	4.43%	-0.12%
Volatility (1Y) Calculated over the trailing 1-year period	5.70%	5.95%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.63%	7.42%	-0.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.46%	7.16%	+0.30%

Frequently Asked Questions

Can I hold both USDU and EURUSD=X in my portfolio?

USDU and EURUSD=X have a correlation of -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USDU or EURUSD=X?

USDU has higher volatility (1.24%) compared to EURUSD=X (1.02%). In terms of maximum drawdown, USDU dropped -14.54% vs EURUSD=X's -40.01%.

Which has better risk-adjusted returns?

USDU currently has the higher Sharpe Ratio (0.81 vs 0.23), 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.