UUP vs. SPY
Compare and contrast key facts about Invesco DB US Dollar Index Bullish Fund (UUP) and SPDR S&P 500 ETF (SPY).
UUP and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UUP and SPY 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 SPY.
Performance
UUP vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, UUP achieves a 11.04% return, which is significantly lower than SPY's 24.40% return. Over the past 10 years, UUP has underperformed SPY with an annualized return of 3.66%, while SPY has yielded a comparatively higher 13.04% annualized return.
UUP
11.04%
3.65%
5.32%
8.62%
4.20%
3.66%
SPY
24.40%
0.59%
11.33%
31.86%
15.23%
13.04%
Key characteristics
| UUP | SPY | |
|---|---|---|
| Sharpe Ratio | 1.46 | 2.64 |
| Sortino Ratio | 2.20 | 3.53 |
| Omega Ratio | 1.26 | 1.49 |
| Calmar Ratio | 1.53 | 3.81 |
| Martin Ratio | 5.52 | 17.21 |
| Ulcer Index | 1.57% | 1.86% |
| Daily Std Dev | 5.95% | 12.15% |
| Max Drawdown | -22.19% | -55.19% |
| Current Drawdown | -0.10% | -2.17% |
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UUP vs. SPY - Expense Ratio Comparison
UUP has a 0.75% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between UUP and SPY is -0.20. 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. SPY - 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 S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
UUP's dividend yield for the trailing twelve months is around 5.80%, more than SPY's 1.20% 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% |
SPY SPDR S&P 500 ETF | 1.20% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
UUP vs. SPY - Drawdown Comparison
The maximum UUP drawdown since its inception was -22.19%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UUP and SPY. For additional features, visit the drawdowns tool.
Volatility
UUP vs. SPY - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bullish Fund (UUP) is 2.38%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that UUP experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.