UUP vs. SPLG
Compare and contrast key facts about Invesco DB US Dollar Index Bullish Fund (UUP) and SPDR Portfolio S&P 500 ETF (SPLG).
UUP and SPLG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SPLG is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Nov 15, 2005. Both UUP and SPLG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UUP or SPLG.
Performance
UUP vs. SPLG - Performance Comparison
Returns By Period
In the year-to-date period, UUP achieves a 11.04% return, which is significantly lower than SPLG's 24.49% return. Over the past 10 years, UUP has underperformed SPLG with an annualized return of 3.66%, while SPLG has yielded a comparatively higher 13.22% annualized return.
UUP
11.04%
3.65%
5.32%
8.62%
4.20%
3.66%
SPLG
24.49%
0.58%
11.37%
31.92%
15.34%
13.22%
Key characteristics
| UUP | SPLG | |
|---|---|---|
| Sharpe Ratio | 1.46 | 2.65 |
| Sortino Ratio | 2.20 | 3.54 |
| Omega Ratio | 1.26 | 1.49 |
| Calmar Ratio | 1.53 | 3.81 |
| Martin Ratio | 5.52 | 17.23 |
| Ulcer Index | 1.57% | 1.86% |
| Daily Std Dev | 5.95% | 12.12% |
| Max Drawdown | -22.19% | -54.50% |
| Current Drawdown | -0.10% | -2.17% |
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UUP vs. SPLG - Expense Ratio Comparison
UUP has a 0.75% expense ratio, which is higher than SPLG's 0.03% expense ratio.
Correlation
The correlation between UUP and SPLG is -0.18. 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.
Risk-Adjusted Performance
UUP vs. SPLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bullish Fund (UUP) and SPDR Portfolio S&P 500 ETF (SPLG). 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.
Dividends
UUP vs. SPLG - Dividend Comparison
UUP's dividend yield for the trailing twelve months is around 5.80%, more than SPLG's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UUP Invesco DB US Dollar Index Bullish Fund | 5.80% | 6.45% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
SPLG SPDR Portfolio S&P 500 ETF | 1.25% | 1.44% | 1.69% | 1.25% | 1.54% | 1.79% | 2.23% | 1.75% | 1.97% | 1.98% | 1.79% | 1.71% |
Drawdowns
UUP vs. SPLG - Drawdown Comparison
The maximum UUP drawdown since its inception was -22.19%, smaller than the maximum SPLG drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for UUP and SPLG. For additional features, visit the drawdowns tool.
Volatility
UUP vs. SPLG - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bullish Fund (UUP) is 2.38%, while SPDR Portfolio S&P 500 ETF (SPLG) has a volatility of 4.08%. This indicates that UUP experiences smaller price fluctuations and is considered to be less risky than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.