UUP vs. GC=F
Compare and contrast key facts about Invesco DB US Dollar Index Bullish Fund (UUP) and Gold (GC=F).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UUP or GC=F.
Key characteristics
| UUP | GC=F | |
|---|---|---|
| YTD Return | 6.31% | 13.46% |
| 1Y Return | 10.41% | 17.98% |
| 3Y Return (Ann) | 7.97% | 8.62% |
| 5Y Return (Ann) | 3.78% | 11.40% |
| 10Y Return (Ann) | 4.14% | 5.30% |
| Sharpe Ratio | 1.67 | 1.45 |
| Daily Std Dev | 6.35% | 13.18% |
| Max Drawdown | -22.19% | -44.36% |
| Current Drawdown | -0.45% | -2.43% |
Correlation
The correlation between UUP and GC=F is -0.13. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
UUP vs. GC=F - Performance Comparison
In the year-to-date period, UUP achieves a 6.31% return, which is significantly lower than GC=F's 13.46% return. Over the past 10 years, UUP has underperformed GC=F with an annualized return of 4.14%, while GC=F has yielded a comparatively higher 5.30% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
UUP vs. GC=F - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bullish Fund (UUP) and Gold (GC=F). 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.
Drawdowns
UUP vs. GC=F - Drawdown Comparison
The maximum UUP drawdown since its inception was -22.19%, smaller than the maximum GC=F drawdown of -44.36%. Use the drawdown chart below to compare losses from any high point for UUP and GC=F. For additional features, visit the drawdowns tool.
Volatility
UUP vs. GC=F - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bullish Fund (UUP) is 1.67%, while Gold (GC=F) has a volatility of 4.21%. This indicates that UUP experiences smaller price fluctuations and is considered to be less risky than GC=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.