WANT vs. UUP
WANT (Direxion Daily Consumer Discretionary Bull 3X Shares) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - WANT is a Leveraged Equities fund tracking the S&P Consumer Discretionary Select Sector Index (-300%), while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. Over the past 5 years, WANT returned -9.24%/yr vs 5.75%/yr for UUP. At a correlation of -0.22, they often move in opposite directions. WANT charges 0.98%/yr vs 0.75%/yr for UUP.
Performance
WANT vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, WANT achieves a -17.23% return, which is significantly lower than UUP's 5.03% return.
WANT
- 1D
- -3.02%
- 1M
- -2.68%
- 6M
- -26.49%
- YTD
- -17.23%
- 1Y
- -3.85%
- 3Y*
- 6.15%
- 5Y*
- -9.24%
- 10Y*
- —
UUP
- 1D
- -0.39%
- 1M
- 1.57%
- 6M
- 3.80%
- YTD
- 5.03%
- 1Y
- 7.58%
- 3Y*
- 5.73%
- 5Y*
- 5.75%
- 10Y*
- 3.13%
WANT vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | -17.23% | -6.94% | 60.52% | 114.43% | -83.03% | 84.81% | 45.26% | 90.07% | -24.44% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.03% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | -0.53% |
Correlation
The correlation between WANT and UUP is -0.31, 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 | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.27 |
Correlation (All Time) Calculated using the full available price history since Nov 29, 2018 | -0.22 |
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Return for Risk
WANT vs. UUP — Risk / Return Rank
WANT
UUP
WANT vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) 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.
| WANT | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.23 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | -0.09 | 2.09 | -2.18 |
| Martin ratioReturn relative to average drawdown | -0.23 | 5.73 | -5.96 |
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Drawdowns
WANT vs. UUP - Drawdown Comparison
The maximum WANT drawdown since its inception was -85.89%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for WANT and UUP.
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Drawdown Indicators
| WANT | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.89% | -22.19% | -63.70% |
Max Drawdown (1Y)Largest decline over 1 year | -41.27% | -3.65% | -37.62% |
Max Drawdown (3Y)Largest decline over 3 years | -63.53% | -10.05% | -53.48% |
Max Drawdown (5Y)Largest decline over 5 years | -85.89% | -10.37% | -75.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -60.11% | -1.64% | -58.47% |
Average DrawdownAverage peak-to-trough decline | -43.27% | -8.88% | -34.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.14% | 1.33% | +15.81% |
Volatility
WANT vs. UUP - Volatility Comparison
Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) has a higher volatility of 18.52% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.46%. This indicates that WANT'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
| WANT | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.52% | 1.46% | +17.06% |
Volatility (6M)Calculated over the trailing 6-month period | 41.83% | 4.36% | +37.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.31% | 6.03% | +49.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.13% | 7.21% | +63.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.37% | 6.90% | +64.47% |
WANT vs. UUP - Expense Ratio Comparison
WANT has a 0.98% expense ratio, which is higher than UUP's 0.75% expense ratio.
Dividends
WANT vs. UUP - Dividend Comparison
WANT's dividend yield for the trailing twelve months is around 0.53%, less than UUP's 3.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UUP Invesco DB US Dollar Index Bullish Fund | 3.26% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
WANT Direxion Daily Consumer Discretionary Bull 3X Shares | 0.53% | 0.65% | 0.61% | 0.46% | 0.00% | 0.00% | 0.07% | 0.64% | 0.00% | 0.00% |
Frequently Asked Questions
WANT and UUP have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WANT has higher volatility (18.52%) compared to UUP (1.46%). In terms of maximum drawdown, WANT dropped -85.89% vs UUP's -22.19%.
On 5-year performance, UUP leads with 5.75% vs -9.24% for WANT. On fees, UUP is cheaper at 0.75% per year. On volatility, UUP has been the lower-risk option at 1.46%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, UUP has performed better with a 5.75% return vs -9.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UUP is cheaper with a 0.75% expense ratio, compared with 0.98% for WANT.
UUP has the higher dividend yield at 3.26%, compared with 0.53% for WANT.
WANT is categorized as Leveraged Equities, while UUP is Currency. WANT tracks S&P Consumer Discretionary Select Sector Index (-300%), while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.98% for WANT and 0.75% for UUP.
UUP currently has the higher Sharpe Ratio (1.26 vs -0.07), 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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