USDX vs. UUP
Compare and contrast key facts about SGI Enhanced Core ETF (USDX) and Invesco DB US Dollar Index Bullish Fund (UUP).
USDX and UUP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USDX is an actively managed fund by Summit Global Investments. It was launched on Feb 28, 2024. 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.
Performance
USDX vs. UUP - Performance Comparison
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USDX vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
USDX SGI Enhanced Core ETF | 1.14% | 6.25% | 6.87% |
UUP Invesco DB US Dollar Index Bullish Fund | 2.77% | -4.99% | 9.46% |
Returns By Period
In the year-to-date period, USDX achieves a 1.14% return, which is significantly lower than UUP's 2.77% return.
USDX
- 1D
- -0.10%
- 1M
- 0.62%
- YTD
- 1.14%
- 6M
- 3.03%
- 1Y
- 5.70%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UUP
- 1D
- -0.71%
- 1M
- 2.58%
- YTD
- 2.77%
- 6M
- 4.43%
- 1Y
- 0.66%
- 3Y*
- 4.64%
- 5Y*
- 5.20%
- 10Y*
- 3.09%
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USDX vs. UUP - Expense Ratio Comparison
USDX has a 0.98% expense ratio, which is higher than UUP's 0.75% expense ratio.
Return for Risk
USDX vs. UUP — Risk / Return Rank
USDX
UUP
USDX vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SGI Enhanced Core ETF (USDX) 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.
| USDX | UUP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.22 | 0.09 | +3.13 |
Sortino ratioReturn per unit of downside risk | 5.01 | 0.17 | +4.84 |
Omega ratioGain probability vs. loss probability | 1.82 | 1.02 | +0.80 |
Calmar ratioReturn relative to maximum drawdown | 6.17 | 0.13 | +6.04 |
Martin ratioReturn relative to average drawdown | 33.00 | 0.24 | +32.76 |
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
| USDX | UUP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.22 | 0.09 | +3.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.72 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.44 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 4.40 | 0.20 | +4.20 |
Correlation
The correlation between USDX and UUP is 0.10, 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.
Dividends
USDX vs. UUP - Dividend Comparison
USDX's dividend yield for the trailing twelve months is around 5.63%, more than UUP's 3.34% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USDX SGI Enhanced Core ETF | 5.63% | 5.88% | 4.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UUP Invesco DB US Dollar Index Bullish Fund | 3.34% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
Drawdowns
USDX vs. UUP - Drawdown Comparison
The maximum USDX drawdown since its inception was -0.94%, smaller than the maximum UUP drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for USDX and UUP.
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Drawdown Indicators
| USDX | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.94% | -22.19% | +21.25% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -6.02% | +5.08% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -0.10% | -3.76% | +3.66% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -8.96% | +8.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 3.20% | -3.02% |
Volatility
USDX vs. UUP - Volatility Comparison
The current volatility for SGI Enhanced Core ETF (USDX) is 0.47%, while Invesco DB US Dollar Index Bullish Fund (UUP) has a volatility of 2.10%. This indicates that USDX 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.
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Volatility by Period
| USDX | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 2.10% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.39% | 4.17% | -2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.78% | 7.41% | -5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.57% | 7.24% | -5.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.57% | 6.99% | -5.42% |