UUP vs. TTT
Compare and contrast key facts about Invesco DB US Dollar Index Bullish Fund (UUP) and UltraPro Short 20+ Year Treasury (TTT).
UUP and TTT 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. TTT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (-300%). It was launched on Mar 27, 2012. Both UUP and TTT 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 TTT.
Key characteristics
| UUP | TTT | |
|---|---|---|
| YTD Return | 6.31% | 36.17% |
| 1Y Return | 10.41% | 58.76% |
| 3Y Return (Ann) | 7.97% | 31.81% |
| 5Y Return (Ann) | 3.78% | 0.79% |
| 10Y Return (Ann) | 4.14% | -9.38% |
| Sharpe Ratio | 1.67 | 1.01 |
| Daily Std Dev | 6.35% | 50.69% |
| Max Drawdown | -22.19% | -94.00% |
| Current Drawdown | -0.45% | -76.79% |
Correlation
The correlation between UUP and TTT is 0.13, 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.
Performance
UUP vs. TTT - Performance Comparison
In the year-to-date period, UUP achieves a 6.31% return, which is significantly lower than TTT's 36.17% return. Over the past 10 years, UUP has outperformed TTT with an annualized return of 4.14%, while TTT has yielded a comparatively lower -9.38% 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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UUP vs. TTT - Expense Ratio Comparison
UUP has a 0.75% expense ratio, which is lower than TTT's 0.95% expense ratio.
Risk-Adjusted Performance
UUP vs. TTT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bullish Fund (UUP) and UltraPro Short 20+ Year Treasury (TTT). 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. TTT - Dividend Comparison
UUP's dividend yield for the trailing twelve months is around 6.06%, less than TTT's 11.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
UUP Invesco DB US Dollar Index Bullish Fund | 6.06% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
TTT UltraPro Short 20+ Year Treasury | 11.02% | 15.39% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% | 0.00% |
Drawdowns
UUP vs. TTT - Drawdown Comparison
The maximum UUP drawdown since its inception was -22.19%, smaller than the maximum TTT drawdown of -94.00%. Use the drawdown chart below to compare losses from any high point for UUP and TTT. For additional features, visit the drawdowns tool.
Volatility
UUP vs. TTT - Volatility Comparison
The current volatility for Invesco DB US Dollar Index Bullish Fund (UUP) is 1.71%, while UltraPro Short 20+ Year Treasury (TTT) has a volatility of 12.63%. This indicates that UUP experiences smaller price fluctuations and is considered to be less risky than TTT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.