UUPIX vs. UUP
UUPIX (ProFunds UltraEmerging Markets Fund) and UUP (Invesco DB US Dollar Index Bullish Fund) are both funds - UUPIX is a Leveraged Equities fund managed by ProFunds, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Over the past 10 years, UUPIX returned 9.84%/yr vs 3.20%/yr for UUP. At a correlation of -0.29, they often move in opposite directions. UUPIX charges 1.92%/yr vs 0.75%/yr for UUP.
Performance
UUPIX vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, UUPIX achieves a 2.71% return, which is significantly lower than UUP's 4.92% return. Over the past 10 years, UUPIX has outperformed UUP with an annualized return of 9.84%, while UUP has yielded a comparatively lower 3.20% annualized return.
UUPIX
- 1D
- 3.50%
- 1M
- -2.16%
- YTD
- 2.71%
- 6M
- 2.51%
- 1Y
- 42.70%
- 3Y*
- 23.65%
- 5Y*
- -0.56%
- 10Y*
- 9.84%
UUP
- 1D
- 0.21%
- 1M
- 2.12%
- YTD
- 4.92%
- 6M
- 4.92%
- 1Y
- 7.04%
- 3Y*
- 4.78%
- 5Y*
- 5.90%
- 10Y*
- 3.20%
UUPIX vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UUPIX ProFunds UltraEmerging Markets Fund | 2.71% | 70.53% | 6.99% | 22.60% | -37.35% | -36.21% | 43.24% | 46.76% | -31.83% | 75.03% |
UUP Invesco DB US Dollar Index Bullish Fund | 4.92% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | 7.05% | -9.10% |
Correlation
The correlation between UUPIX and UUP is -0.30, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.35 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2007 | -0.29 |
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Return for Risk
UUPIX vs. UUP — Risk / Return Rank
UUPIX
UUP
UUPIX vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraEmerging Markets Fund (UUPIX) and Invesco DB US Dollar Index Bullish Fund (UUP). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| UUPIX | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.21 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | 1.94 | -0.61 |
| Martin ratioReturn relative to average drawdown | 3.56 | 5.26 | -1.70 |
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Drawdowns
UUPIX vs. UUP - Drawdown Comparison
The maximum UUPIX drawdown since its inception was -93.82%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for UUPIX and UUP.
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Drawdown Indicators
| UUPIX | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -93.82% | -22.19% | -71.63% |
Max Drawdown (1Y)Largest decline over 1 year | -29.91% | -3.65% | -26.26% |
Max Drawdown (3Y)Largest decline over 3 years | -37.01% | -10.05% | -26.96% |
Max Drawdown (5Y)Largest decline over 5 years | -71.31% | -10.37% | -60.94% |
Max Drawdown (10Y)Largest decline over 10 years | -78.32% | -14.24% | -64.08% |
Current DrawdownCurrent decline from peak | -74.42% | -1.75% | -72.67% |
Average DrawdownAverage peak-to-trough decline | -75.93% | -8.90% | -67.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.11% | 1.36% | +9.75% |
Volatility
UUPIX vs. UUP - Volatility Comparison
ProFunds UltraEmerging Markets Fund (UUPIX) has a higher volatility of 14.63% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.34%. This indicates that UUPIX's price experiences larger fluctuations and is considered to be riskier than UUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UUPIX | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.63% | 1.34% | +13.29% |
Volatility (6M)Calculated over the trailing 6-month period | 34.73% | 4.32% | +30.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.79% | 6.08% | +36.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.25% | 7.22% | +41.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.54% | 6.96% | +39.58% |
UUPIX vs. UUP - Expense Ratio Comparison
UUPIX has a 1.92% expense ratio, which is higher than UUP's 0.75% expense ratio.
Dividends
UUPIX vs. UUP - Dividend Comparison
UUPIX's dividend yield for the trailing twelve months is around 2.48%, less than UUP's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UUP Invesco DB US Dollar Index Bullish Fund | 3.27% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
UUPIX ProFunds UltraEmerging Markets Fund | 2.48% | 2.54% | 1.65% | 1.77% | 1.05% | 0.00% | 0.00% | 0.00% | 0.64% | 0.16% |
Frequently Asked Questions
UUPIX and UUP have a correlation of -0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UUPIX has higher volatility (14.63%) compared to UUP (1.34%). In terms of maximum drawdown, UUPIX dropped -93.82% vs UUP's -22.19%.
UUP currently has the higher Sharpe Ratio (1.17 vs 0.93), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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