UUP vs. LCSIX

Last updated Jun 7, 2026

UUP (Invesco DB US Dollar Index Bullish Fund) and LCSIX (LoCorr Long/Short Commodity Strategies Fund) are both funds - UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index, while LCSIX is a Systematic Trend fund managed by LoCorr Funds. Over the past 10 years, UUP returned 3.28%/yr vs 2.90%/yr for LCSIX. At a correlation of -0.03, they often move in opposite directions. UUP charges 0.75%/yr vs 1.75%/yr for LCSIX.

Performance

UUP vs. LCSIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DB US Dollar Index Bullish Fund (UUP) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UUP achieves a 3.66% return, which is significantly higher than LCSIX's 2.55% return. Over the past 10 years, UUP has outperformed LCSIX with an annualized return of 3.28%, while LCSIX has yielded a comparatively lower 2.90% annualized return.

UUP

• 1D: 0.65%
• 1M: 2.49%
• YTD: 3.66%
• 6M: 3.19%
• 1Y: 5.60%
• 3Y*: 4.04%
• 5Y*: 6.04%
• 10Y*: 3.28%

LCSIX

• 1D: 0.34%
• 1M: -0.00%
• YTD: 2.55%
• 6M: 2.31%
• 1Y: 2.42%
• 3Y*: -1.80%
• 5Y*: 1.09%
• 10Y*: 2.90%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UUP vs. LCSIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UUP Invesco DB US Dollar Index Bullish Fund	3.66%	-4.99%	13.50%	3.63%	9.46%	5.73%	-6.66%	4.09%	7.05%	-9.10%
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.55%	1.13%	-8.29%	-3.07%	6.04%	14.90%	9.90%	-5.97%	15.16%	6.19%

Correlation

The correlation between UUP and LCSIX is -0.17, 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	-0.17
Correlation (3Y) Calculated over the trailing 3-year period	-0.19
Correlation (5Y) Calculated over the trailing 5-year period	-0.21
Correlation (10Y) Calculated over the trailing 10-year period	-0.11
Correlation (All Time) Calculated using the full available price history since Jan 18, 2012	-0.03

The correlation between UUP and LCSIX shifts across timeframes, from -0.21 (5 years) to -0.03 (all time), reflecting how their relationship changes across market environments.

Return for Risk

UUP vs. LCSIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UUP

UUP Risk / Return Rank: 30
UUP Sharpe Ratio Rank: 29
UUP Sortino Ratio Rank: 28
UUP Omega Ratio Rank: 27
UUP Calmar Ratio Rank: 36
UUP Martin Ratio Rank: 31

LCSIX

LCSIX Risk / Return Rank: 6
LCSIX Sharpe Ratio Rank: 6
LCSIX Sortino Ratio Rank: 6
LCSIX Omega Ratio Rank: 6
LCSIX Calmar Ratio Rank: 8
LCSIX Martin Ratio Rank: 6

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UUP vs. LCSIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bullish Fund (UUP) and LoCorr Long/Short Commodity Strategies Fund (LCSIX). 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.

	UUP	LCSIX	Difference
Sharpe ratio: Return per unit of total volatility	1.01	0.43	+0.58
Sortino ratio: Return per unit of downside risk	1.46	0.63	+0.83
Omega ratio: Gain probability vs. loss probability	1.18	1.09	+0.09
Calmar ratio: Return relative to maximum drawdown	1.69	0.69	+1.00
Martin ratio: Return relative to average drawdown	4.49	1.33	+3.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UUP vs. LCSIX - Sharpe Ratio Comparison

The current UUP Sharpe Ratio is 1.01, which is higher than the LCSIX Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of UUP and LCSIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UUP	LCSIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.01	0.43	+0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.84	0.20	+0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	0.44	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.45	-0.25

Drawdowns

UUP vs. LCSIX - Drawdown Comparison

The maximum UUP drawdown since its inception was -22.19%, smaller than the maximum LCSIX drawdown of -25.13%. Use the drawdown chart below to compare losses from any high point for UUP and LCSIX.

Drawdown Indicators

	UUP	LCSIX	Difference
Max Drawdown Largest peak-to-trough decline	-22.19%	-25.13%	+2.94%
Max Drawdown (1Y) Largest decline over 1 year	-3.65%	-3.87%	+0.22%
Max Drawdown (3Y) Largest decline over 3 years	-10.05%	-11.60%	+1.55%
Max Drawdown (5Y) Largest decline over 5 years	-10.37%	-13.21%	+2.84%
Max Drawdown (10Y) Largest decline over 10 years	-14.24%	-13.54%	-0.70%
Current Drawdown Current decline from peak	-2.93%	-8.94%	+6.01%
Average Drawdown Average peak-to-trough decline	-8.91%	-6.37%	-2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	2.01%	-0.64%

Volatility

UUP vs. LCSIX - Volatility Comparison

Invesco DB US Dollar Index Bullish Fund (UUP) and LoCorr Long/Short Commodity Strategies Fund (LCSIX) have volatilities of 1.23% and 1.18%, 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.

Volatility by Period

	UUP	LCSIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.23%	1.18%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	4.26%	5.23%	-0.97%
Volatility (1Y) Calculated over the trailing 1-year period	6.10%	6.20%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.22%	5.51%	+1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.96%	6.67%	+0.29%

UUP vs. LCSIX - Expense Ratio Comparison

UUP has a 0.75% expense ratio, which is lower than LCSIX's 1.75% expense ratio.

Dividends

UUP vs. LCSIX - Dividend Comparison

UUP's dividend yield for the trailing twelve months is around 3.31%, more than LCSIX's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LCSIX LoCorr Long/Short Commodity Strategies Fund	2.26%	2.32%	2.75%	1.88%	10.75%	7.14%	2.94%	0.54%	12.36%	0.02%	3.21%	7.36%
UUP Invesco DB US Dollar Index Bullish Fund	3.31%	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

Can I hold both UUP and LCSIX in my portfolio?

UUP and LCSIX have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UUP or LCSIX?

UUP has higher volatility (1.23%) compared to LCSIX (1.18%). In terms of maximum drawdown, UUP dropped -22.19% vs LCSIX's -25.13%.

Which has better risk-adjusted returns?

UUP currently has the higher Sharpe Ratio (1.01 vs 0.43), 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.