UUP vs. USDU
Compare and contrast key facts about Invesco DB US Dollar Index Bullish Fund (UUP) and WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU).
UUP and USDU 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. USDU is an actively managed fund by WisdomTree. It was launched on Dec 18, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UUP or USDU.
Performance
UUP vs. USDU - Performance Comparison
Returns By Period
In the year-to-date period, UUP achieves a 11.04% return, which is significantly lower than USDU's 11.83% return. Over the past 10 years, UUP has outperformed USDU with an annualized return of 3.66%, while USDU has yielded a comparatively lower 3.24% annualized return.
UUP
11.04%
3.65%
5.32%
8.62%
4.20%
3.66%
USDU
11.83%
3.16%
6.44%
9.26%
3.81%
3.24%
Key characteristics
| UUP | USDU | |
|---|---|---|
| Sharpe Ratio | 1.46 | 1.72 |
| Sortino Ratio | 2.20 | 2.60 |
| Omega Ratio | 1.26 | 1.32 |
| Calmar Ratio | 1.53 | 2.19 |
| Martin Ratio | 5.52 | 8.00 |
| Ulcer Index | 1.57% | 1.15% |
| Daily Std Dev | 5.95% | 5.33% |
| Max Drawdown | -22.19% | -14.53% |
| Current Drawdown | -0.10% | -0.07% |
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UUP vs. USDU - Expense Ratio Comparison
UUP has a 0.75% expense ratio, which is higher than USDU's 0.51% expense ratio.
Correlation
The correlation between UUP and USDU is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
UUP vs. USDU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DB US Dollar Index Bullish Fund (UUP) and WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU). 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. USDU - Dividend Comparison
UUP's dividend yield for the trailing twelve months is around 5.80%, less than USDU's 6.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
USDU WisdomTree Bloomberg U.S. Dollar Bullish Fund | 6.25% | 6.99% | 7.83% | 0.00% | 0.69% | 3.06% | 0.88% | 0.00% | 0.00% | 6.48% | 1.58% |
Drawdowns
UUP vs. USDU - Drawdown Comparison
The maximum UUP drawdown since its inception was -22.19%, which is greater than USDU's maximum drawdown of -14.53%. Use the drawdown chart below to compare losses from any high point for UUP and USDU. For additional features, visit the drawdowns tool.
Volatility
UUP vs. USDU - Volatility Comparison
Invesco DB US Dollar Index Bullish Fund (UUP) has a higher volatility of 2.38% compared to WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU) at 2.07%. This indicates that UUP's price experiences larger fluctuations and is considered to be riskier than USDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.