XAIX vs. UUP
XAIX (Xtrackers Artificial Intelligence and Big Data ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - XAIX is a Technology Equities fund tracking the Nasdaq Global Artificial Intelligence and Big Data Index, while UUP is a Currency fund tracking the Deutsche Bank Long US Dollar Index (USDX) Futures Index. Both are passively managed. Over the past year, XAIX returned 42.95% vs 8.28% for UUP. At a correlation of -0.13, they often move in opposite directions. XAIX charges 0.35%/yr vs 0.75%/yr for UUP.
Performance
XAIX vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, XAIX achieves a 26.22% return, which is significantly higher than UUP's 5.44% return.
XAIX
- 1D
- -2.92%
- 1M
- -3.42%
- 6M
- 22.58%
- YTD
- 26.22%
- 1Y
- 42.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UUP
- 1D
- 0.39%
- 1M
- 1.97%
- 6M
- 4.47%
- YTD
- 5.44%
- 1Y
- 8.28%
- 3Y*
- 5.86%
- 5Y*
- 5.89%
- 10Y*
- 3.17%
XAIX vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XAIX Xtrackers Artificial Intelligence and Big Data ETF | 26.22% | 29.05% | 15.21% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 6.54% |
Correlation
The correlation between XAIX and UUP is -0.26, 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 | -0.26 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 2024 | -0.13 |
The correlation between XAIX and UUP shifts across timeframes, from -0.26 (1 year) to -0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XAIX vs. UUP — Risk / Return Rank
XAIX
UUP
XAIX vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Artificial Intelligence and Big Data ETF (XAIX) 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.
| XAIX | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.25 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.28 | +0.80 |
| Martin ratioReturn relative to average drawdown | 9.39 | 6.26 | +3.13 |
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Drawdowns
XAIX vs. UUP - Drawdown Comparison
The maximum XAIX drawdown since its inception was -23.95%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for XAIX and UUP.
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Drawdown Indicators
| XAIX | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.95% | -22.19% | -1.76% |
Max Drawdown (1Y)Largest decline over 1 year | -14.01% | -3.65% | -10.36% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.37% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -14.24% | — |
Current DrawdownCurrent decline from peak | -11.13% | -1.26% | -9.87% |
Average DrawdownAverage peak-to-trough decline | -3.71% | -8.88% | +5.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.59% | 1.33% | +3.26% |
Volatility
XAIX vs. UUP - Volatility Comparison
Xtrackers Artificial Intelligence and Big Data ETF (XAIX) has a higher volatility of 11.70% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that XAIX'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
| XAIX | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.70% | 1.45% | +10.25% |
Volatility (6M)Calculated over the trailing 6-month period | 22.39% | 4.34% | +18.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.06% | 6.03% | +19.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.98% | 7.22% | +17.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 6.90% | +18.08% |
XAIX vs. UUP - Expense Ratio Comparison
XAIX has a 0.35% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
XAIX vs. UUP - Dividend Comparison
XAIX's dividend yield for the trailing twelve months is around 0.41%, less than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
UUP Invesco DB US Dollar Index Bullish Fund | 3.25% | 3.43% | 4.48% | 6.44% | 0.89% | 0.00% | 0.00% | 2.03% | 1.08% | 0.10% |
XAIX Xtrackers Artificial Intelligence and Big Data ETF | 0.41% | 0.54% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XAIX and UUP have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XAIX has higher volatility (11.70%) compared to UUP (1.45%). In terms of maximum drawdown, XAIX dropped -23.95% vs UUP's -22.19%.
On 1-year performance, XAIX leads with 42.95% vs 8.28% for UUP. On fees, XAIX is cheaper at 0.35% per year. On volatility, UUP has been the lower-risk option at 1.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, XAIX has performed better with a 42.95% return vs 8.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XAIX is cheaper with a 0.35% expense ratio, compared with 0.75% for UUP.
UUP has the higher dividend yield at 3.25%, compared with 0.41% for XAIX.
XAIX is categorized as Technology Equities, while UUP is Currency. XAIX tracks Nasdaq Global Artificial Intelligence and Big Data Index, while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.35% for XAIX and 0.75% for UUP.
XAIX currently has the higher Sharpe Ratio (1.73 vs 1.38), 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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