USDU vs. FXC
USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) and FXC (Invesco CurrencyShares® Canadian Dollar Trust) are both Currency funds. USDU is actively managed, while FXC is passively managed. Over the past 10 years, USDU returned 2.76%/yr vs -0.30%/yr for FXC. At a correlation of -0.58, they often move in opposite directions. USDU charges 0.51%/yr vs 0.40%/yr for FXC.
Performance
USDU vs. FXC - Performance Comparison
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Returns By Period
In the year-to-date period, USDU achieves a 3.76% return, which is significantly higher than FXC's -3.16% return. Over the past 10 years, USDU has outperformed FXC with an annualized return of 2.76%, while FXC has yielded a comparatively lower -0.30% annualized return.
USDU
- 1D
- -0.11%
- 1M
- 2.45%
- YTD
- 3.76%
- 6M
- 4.18%
- 1Y
- 7.05%
- 3Y*
- 5.40%
- 5Y*
- 5.60%
- 10Y*
- 2.76%
FXC
- 1D
- 0.28%
- 1M
- -2.62%
- YTD
- -3.16%
- 6M
- -3.55%
- 1Y
- -3.07%
- 3Y*
- -1.27%
- 5Y*
- -1.91%
- 10Y*
- -0.30%
USDU vs. FXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.76% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
FXC Invesco CurrencyShares® Canadian Dollar Trust | -3.16% | 5.24% | -5.96% | 4.35% | -6.44% | 0.22% | 1.92% | 5.94% | -7.54% | 6.72% |
Correlation
The correlation between USDU and FXC is -0.63, 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 | -0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.59 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013 | -0.58 |
The correlation between USDU and FXC has been stable across timeframes, ranging from -0.65 to -0.58 - a consistent structural relationship.
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Return for Risk
USDU vs. FXC — Risk / Return Rank
USDU
FXC
USDU vs. FXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) and Invesco CurrencyShares® Canadian Dollar Trust (FXC). 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.
| USDU | FXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.94 | ||
| Sortino ratioReturn per unit of downside risk | +2.86 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 0.89 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.94 | -0.60 | +2.54 |
| Martin ratioReturn relative to average drawdown | 5.40 | -1.40 | +6.80 |
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Drawdowns
USDU vs. FXC - Drawdown Comparison
The maximum USDU drawdown since its inception was -14.54%, smaller than the maximum FXC drawdown of -35.39%. Use the drawdown chart below to compare losses from any high point for USDU and FXC.
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Drawdown Indicators
| USDU | FXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.54% | -35.39% | +20.85% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -5.14% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -7.34% | -0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -9.28% | -11.93% | +2.65% |
Max Drawdown (10Y)Largest decline over 10 years | -14.54% | -15.46% | +0.92% |
Current DrawdownCurrent decline from peak | -0.47% | -30.30% | +29.83% |
Average DrawdownAverage peak-to-trough decline | -4.71% | -19.94% | +15.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.31% | 2.20% | -0.89% |
Volatility
USDU vs. FXC - Volatility Comparison
WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) has a higher volatility of 1.36% compared to Invesco CurrencyShares® Canadian Dollar Trust (FXC) at 1.16%. This indicates that USDU's price experiences larger fluctuations and is considered to be riskier than FXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDU | FXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 1.16% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 4.30% | 3.25% | +1.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.64% | 4.51% | +1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 6.35% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.43% | 6.62% | +0.81% |
USDU vs. FXC - Expense Ratio Comparison
USDU has a 0.51% expense ratio, which is higher than FXC's 0.40% expense ratio.
Dividends
USDU vs. FXC - Dividend Comparison
USDU's dividend yield for the trailing twelve months is around 3.69%, more than FXC's 0.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXC Invesco CurrencyShares® Canadian Dollar Trust | 0.27% | 0.55% | 2.23% | 2.01% | 0.31% | 0.00% | 0.19% | 0.75% | 0.42% | 0.02% | 0.00% | 0.02% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.69% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
Frequently Asked Questions
USDU and FXC have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USDU has higher volatility (1.36%) compared to FXC (1.16%). In terms of maximum drawdown, USDU dropped -14.54% vs FXC's -35.39%.
On 10-year performance, USDU leads with 2.76% vs -0.30% for FXC. On fees, FXC is cheaper at 0.40% per year. On volatility, FXC has been the lower-risk option at 1.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USDU has performed better with a 2.76% return vs -0.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXC is cheaper with a 0.40% expense ratio, compared with 0.51% for USDU.
USDU has the higher dividend yield at 3.69%, compared with 0.27% for FXC.
They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.51% for USDU and 0.40% for FXC.
USDU currently has the higher Sharpe Ratio (1.26 vs -0.68), 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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