USDU vs. UUP
USDU (WisdomTree Bloomberg U.S. Dollar Bullish Fund) and UUP (Invesco DB US Dollar Index Bullish Fund) are both Currency funds. USDU is actively managed, while UUP is passively managed. Over the past 10 years, USDU returned 2.72%/yr vs 3.20%/yr for UUP. Their correlation of 0.84 suggests significant overlap in exposure. USDU charges 0.51%/yr vs 0.75%/yr for UUP.
Performance
USDU vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, USDU achieves a 1.90% return, which is significantly lower than UUP's 3.07% return. Over the past 10 years, USDU has underperformed UUP with an annualized return of 2.72%, while UUP has yielded a comparatively higher 3.20% annualized return.
USDU
- 1D
- 0.23%
- 1M
- 1.27%
- YTD
- 1.90%
- 6M
- 1.57%
- 1Y
- 4.16%
- 3Y*
- 4.53%
- 5Y*
- 5.49%
- 10Y*
- 2.72%
UUP
- 1D
- 0.36%
- 1M
- 1.38%
- YTD
- 3.07%
- 6M
- 2.71%
- 1Y
- 5.00%
- 3Y*
- 3.89%
- 5Y*
- 5.92%
- 10Y*
- 3.20%
USDU vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 1.90% | -3.14% | 14.56% | 3.10% | 7.67% | 4.07% | -5.43% | 1.54% | 5.40% | -7.44% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.07% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | 7.05% | -9.10% |
Correlation
The correlation between USDU and UUP is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2013 | 0.84 |
The correlation between USDU and UUP has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
USDU vs. UUP — Risk / Return Rank
USDU
UUP
USDU vs. UUP - 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 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.
| USDU | UUP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 0.83 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.11 | 1.19 | -0.08 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.15 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.38 | -0.23 |
Martin ratioReturn relative to average drawdown | 3.12 | 3.65 | -0.53 |
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
| USDU | UUP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 0.83 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.82 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.46 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.20 | +0.24 |
Drawdowns
USDU vs. UUP - Drawdown Comparison
The maximum USDU drawdown since its inception was -14.54%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for USDU and UUP.
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Drawdown Indicators
| USDU | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.54% | -22.19% | +7.65% |
Max Drawdown (1Y)Largest decline over 1 year | -3.64% | -3.65% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -7.73% | -10.05% | +2.32% |
Max Drawdown (5Y)Largest decline over 5 years | -9.28% | -10.37% | +1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -14.54% | -14.24% | -0.30% |
Current DrawdownCurrent decline from peak | -2.25% | -3.48% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -8.92% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 1.37% | -0.03% |
Volatility
USDU vs. UUP - Volatility Comparison
WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) and Invesco DB US Dollar Index Bullish Fund (UUP) have volatilities of 1.24% and 1.26%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USDU | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 1.26% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 4.31% | 4.24% | +0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.66% | 6.12% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.62% | 7.22% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.46% | 6.96% | +0.50% |
USDU vs. UUP - Expense Ratio Comparison
USDU has a 0.51% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
USDU vs. UUP - Dividend Comparison
USDU's dividend yield for the trailing twelve months is around 3.76%, more than UUP's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 3.76% | 3.83% | 3.97% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.33% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% | 0.00% | 0.00% |
Frequently Asked Questions
USDU and UUP have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UUP has higher volatility (1.26%) compared to USDU (1.24%). In terms of maximum drawdown, USDU dropped -14.54% vs UUP's -22.19%.
On 10-year performance, UUP leads with 3.20% vs 2.72% for USDU. On fees, USDU is cheaper at 0.51% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UUP has performed better with a 3.20% return vs 2.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USDU is cheaper with a 0.51% expense ratio, compared with 0.75% for UUP.
USDU has the higher dividend yield at 3.76%, compared with 3.33% for UUP.
They also come from different issuers: WisdomTree and Invesco. Their fees differ too: 0.51% for USDU and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (0.82 vs 0.74), 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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