USDU vs. FXF
USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) and FXF (Invesco CurrencyShares® Swiss Franc Trust) are both Currency funds. USDU is actively managed, while FXF is passively managed. Over the past 10 years, USDU returned 2.77%/yr vs 1.07%/yr for FXF. Their -0.67 correlation means they have often moved in opposite directions in the past. USDU charges 0.51%/yr vs 0.40%/yr for FXF.
Performance
USDU vs. FXF - Performance Comparison
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Returns By Period
In the year-to-date period, USDU achieves a 2.71% return, which is significantly higher than FXF's -2.55% return. Over the past 10 years, USDU has outperformed FXF with an annualized return of 2.77%, while FXF has yielded a comparatively lower 1.07% annualized return.
USDU
- 1D
- 0.04%
- 1M
- -0.82%
- 6M
- 3.48%
- YTD
- 2.71%
- 1Y
- 4.24%
- 3Y*
- 4.91%
- 5Y*
- 5.31%
- 10Y*
- 2.77%
- ALL TIME*
- 3.21%
FXF
- 1D
- -0.27%
- 1M
- -0.87%
- 6M
- -4.13%
- YTD
- -2.55%
- 1Y
- -1.18%
- 3Y*
- 2.20%
- 5Y*
- 1.73%
- 10Y*
- 1.07%
- ALL TIME*
- 1.65%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.15M | $3.12M | $5.23M | |
| $7.62M | $7.28M | $8.52M |
USDU vs. FXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 2.71% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
FXF Invesco CurrencyShares® Swiss Franc Trust | -2.55% | 14.04% | -7.46% | 9.63% | -2.29% | -4.08% | 8.18% | 0.32% | -2.01% | 3.31% |
Correlation
The correlation between USDU and FXF is -0.80, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.80 |
Correlation (3Y) Balances recent behavior with more history. | -0.73 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 18, 2013 | -0.67 |
The correlation between USDU and FXF shifts across timeframes, from -0.80 (1 year) to -0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
USDU vs. FXF — Risk / Return Rank
USDU
FXF
USDU vs. FXF - 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® Swiss Franc Trust (FXF). 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 | FXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.98 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | -0.16 | +1.33 |
| Martin ratioReturn relative to average drawdown | 3.43 | -0.38 | +3.81 |
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Drawdowns
USDU vs. FXF - Drawdown Comparison
The maximum USDU drawdown since its inception was -14.54%, smaller than the maximum FXF drawdown of -35.58%. Use the drawdown chart below to compare losses from any high point for USDU and FXF.
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Drawdown Indicators
| USDU | FXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.54% | -35.58% | +21.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -7.27% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -8.52% | +0.79% |
Max Drawdown (5Y)Largest decline over 5 years | -9.28% | -11.74% | +2.46% |
Max Drawdown (10Y)Largest decline over 10 years | -14.54% | -15.04% | +0.50% |
Current DrawdownCurrent decline from peak | -1.47% | -20.45% | +18.98% |
Average DrawdownAverage peak-to-trough decline | -4.67% | -20.83% | +16.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.24% | 3.11% | -1.87% |
Volatility
USDU vs. FXF - Volatility Comparison
The current volatility for WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) is 1.33%, while Invesco CurrencyShares® Swiss Franc Trust (FXF) has a volatility of 2.14%. This indicates that USDU experiences smaller price fluctuations and is considered to be less risky than FXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDU | FXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.33% | 2.14% | -0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 4.09% | 5.03% | -0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.47% | 7.34% | -1.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.61% | 8.34% | -1.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.41% | 7.57% | -0.16% |
USDU vs. FXF - Expense Ratio Comparison
USDU has a 0.51% expense ratio, which is higher than FXF's 0.40% expense ratio.
Dividends
USDU vs. FXF - Dividend Comparison
USDU's dividend yield for the trailing twelve months is around 3.73%, while FXF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXF Invesco CurrencyShares® Swiss Franc Trust | 0.00% | 0.00% | 0.03% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.73% | 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 FXF have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXF has higher volatility (2.14%) compared to USDU (1.33%). In terms of maximum drawdown, USDU dropped -14.54% vs FXF's -35.58%.
On 10-year performance, USDU leads with 2.77% vs 1.07% for FXF. On fees, FXF is cheaper at 0.40% per year. On volatility, USDU has been the lower-risk option at 1.33%. 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 2.77% return vs 1.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FXF is cheaper with a 0.40% expense ratio, compared with 0.51% for USDU.
USDU has the higher dividend yield at 3.73%, compared with 0.00% for FXF.
They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.51% for USDU and 0.40% for FXF.
USDU currently has the higher Sharpe Ratio (0.78 vs -0.16), 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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