UUP vs. USD=X
UUP (Invesco DB US Dollar Index Bullish Fund) is Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index, while USD=X (USD Cash) is a currency. Over the past 10 years, UUP returned 3.16%/yr vs 0.00%/yr for USD=X.
Performance
UUP vs. USD=X - Performance Comparison
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Returns By Period
UUP
- 1D
- 0.00%
- 1M
- 1.28%
- YTD
- 2.70%
- 6M
- 1.84%
- 1Y
- 5.31%
- 3Y*
- 3.76%
- 5Y*
- 5.76%
- 10Y*
- 3.16%
USD=X
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 0.00%
- 3Y*
- 0.00%
- 5Y*
- 0.00%
- 10Y*
- 0.00%
UUP vs. USD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UUP Invesco DB US Dollar Index Bullish Fund | 2.70% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | 7.05% | -9.10% |
USD=X USD Cash | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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Return for Risk
UUP vs. USD=X — Risk / Return Rank
UUP
USD=X
UUP vs. USD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bullish Fund (UUP) and USD Cash (USD=X). 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 | USD=X | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | — | — |
Sortino ratioReturn per unit of downside risk | 1.26 | — | — |
Omega ratioGain probability vs. loss probability | 1.15 | — | — |
Calmar ratioReturn relative to maximum drawdown | 1.26 | — | — |
Martin ratioReturn relative to average drawdown | 3.34 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UUP | USD=X | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | — | — |
Drawdowns
UUP vs. USD=X - Drawdown Comparison
The maximum UUP drawdown since its inception was -22.19%, which is greater than USD=X's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for UUP and USD=X.
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Drawdown Indicators
| UUP | USD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | 0.00% | -22.19% |
Max Drawdown (1Y)Largest decline over 1 year | -3.65% | 0.00% | -3.65% |
Max Drawdown (3Y)Largest decline over 3 years | -10.05% | 0.00% | -10.05% |
Max Drawdown (5Y)Largest decline over 5 years | -10.37% | 0.00% | -10.37% |
Max Drawdown (10Y)Largest decline over 10 years | -14.24% | 0.00% | -14.24% |
Current DrawdownCurrent decline from peak | -3.83% | 0.00% | -3.83% |
Average DrawdownAverage peak-to-trough decline | -8.92% | 0.00% | -8.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 0.00% | +1.37% |
Volatility
UUP vs. USD=X - Volatility Comparison
Invesco DB US Dollar Index Bullish Fund (UUP) has a higher volatility of 1.24% compared to USD Cash (USD=X) at 0.00%. This indicates that UUP's price experiences larger fluctuations and is considered to be riskier than USD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UUP | USD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.24% | 0.00% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 4.23% | 0.00% | +4.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.15% | 0.00% | +6.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.23% | 0.00% | +7.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 0.00% | +6.96% |
Frequently Asked Questions
UUP has higher volatility (1.24%) compared to USD=X (0.00%). In terms of maximum drawdown, UUP dropped -22.19% vs USD=X's 0.00%.
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