UUP vs. USFR
Compare and contrast key facts about Invesco DB US Dollar Index Bullish Fund (UUP) and WisdomTree Bloomberg Floating Rate Treasury Fund (USFR).
UUP and USFR 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. USFR is a passively managed fund by WisdomTree that tracks the performance of the Bloomberg U.S. Treasury Floating Rate Bond Index. It was launched on Feb 4, 2014. Both UUP and USFR 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 USFR.
Key characteristics
| UUP | USFR | |
|---|---|---|
| YTD Return | 6.31% | 1.95% |
| 1Y Return | 10.41% | 5.49% |
| 3Y Return (Ann) | 7.97% | 3.00% |
| 5Y Return (Ann) | 3.78% | 2.17% |
| 10Y Return (Ann) | 4.14% | 2.10% |
| Sharpe Ratio | 1.67 | 15.03 |
| Daily Std Dev | 6.35% | 0.37% |
| Max Drawdown | -22.19% | -1.36% |
| Current Drawdown | -0.45% | 0.00% |
Correlation
The correlation between UUP and USFR is 0.04, 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. USFR - Performance Comparison
In the year-to-date period, UUP achieves a 6.31% return, which is significantly higher than USFR's 1.95% return. Over the past 10 years, UUP has outperformed USFR with an annualized return of 4.14%, while USFR has yielded a comparatively lower 2.10% 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. USFR - Expense Ratio Comparison
UUP has a 0.75% expense ratio, which is higher than USFR's 0.15% expense ratio.
Risk-Adjusted Performance
UUP vs. USFR - 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 Floating Rate Treasury Fund (USFR). 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. USFR - Dividend Comparison
UUP's dividend yield for the trailing twelve months is around 6.06%, more than USFR's 5.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
UUP Invesco DB US Dollar Index Bullish Fund | 6.06% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% | 0.00% |
USFR WisdomTree Bloomberg Floating Rate Treasury Fund | 5.35% | 5.12% | 1.78% | 0.01% | 0.40% | 2.08% | 1.67% | 1.03% | 0.29% |
Drawdowns
UUP vs. USFR - Drawdown Comparison
The maximum UUP drawdown since its inception was -22.19%, which is greater than USFR's maximum drawdown of -1.36%. Use the drawdown chart below to compare losses from any high point for UUP and USFR. For additional features, visit the drawdowns tool.
Volatility
UUP vs. USFR - Volatility Comparison
Invesco DB US Dollar Index Bullish Fund (UUP) has a higher volatility of 1.71% compared to WisdomTree Bloomberg Floating Rate Treasury Fund (USFR) at 0.09%. This indicates that UUP's price experiences larger fluctuations and is considered to be riskier than USFR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.