XNTK vs. UUP
XNTK (State Street SPDR NYSE Technology ETF) and UUP (Invesco DB US Dollar Index Bullish Fund) are both exchange-traded funds - XNTK is a Technology Equities fund tracking the NYSE Technology 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 10 years, XNTK returned 24.56%/yr vs 3.17%/yr for UUP. At a correlation of -0.18, they often move in opposite directions. XNTK charges 0.35%/yr vs 0.75%/yr for UUP.
Performance
XNTK vs. UUP - Performance Comparison
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Returns By Period
In the year-to-date period, XNTK achieves a 28.94% return, which is significantly higher than UUP's 5.44% return. Over the past 10 years, XNTK has outperformed UUP with an annualized return of 24.56%, while UUP has yielded a comparatively lower 3.17% annualized return.
XNTK
- 1D
- -2.95%
- 1M
- -2.95%
- 6M
- 24.19%
- YTD
- 28.94%
- 1Y
- 51.65%
- 3Y*
- 35.76%
- 5Y*
- 18.39%
- 10Y*
- 24.56%
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%
XNTK vs. UUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XNTK State Street SPDR NYSE Technology ETF | 28.94% | 38.06% | 23.49% | 70.13% | -41.07% | 17.63% | 73.91% | 38.08% | -7.13% | 40.37% |
UUP Invesco DB US Dollar Index Bullish Fund | 5.44% | -4.99% | 13.50% | 3.63% | 9.46% | 5.73% | -6.66% | 4.09% | 7.05% | -9.10% |
Correlation
The correlation between XNTK and UUP is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.18 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2007 | -0.18 |
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Return for Risk
XNTK vs. UUP — Risk / Return Rank
XNTK
UUP
XNTK vs. UUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR NYSE Technology ETF (XNTK) 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.
| XNTK | UUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | 2.28 | +0.77 |
| Martin ratioReturn relative to average drawdown | 9.62 | 6.26 | +3.36 |
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Drawdowns
XNTK vs. UUP - Drawdown Comparison
The maximum XNTK drawdown since its inception was -72.38%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for XNTK and UUP.
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Drawdown Indicators
| XNTK | UUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.38% | -22.19% | -50.19% |
Max Drawdown (1Y)Largest decline over 1 year | -17.00% | -3.65% | -13.35% |
Max Drawdown (3Y)Largest decline over 3 years | -28.11% | -10.05% | -18.06% |
Max Drawdown (5Y)Largest decline over 5 years | -48.28% | -10.37% | -37.91% |
Max Drawdown (10Y)Largest decline over 10 years | -48.28% | -14.24% | -34.04% |
Current DrawdownCurrent decline from peak | -8.36% | -1.26% | -7.10% |
Average DrawdownAverage peak-to-trough decline | -21.23% | -8.88% | -12.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.39% | 1.33% | +4.06% |
Volatility
XNTK vs. UUP - Volatility Comparison
State Street SPDR NYSE Technology ETF (XNTK) has a higher volatility of 13.87% compared to Invesco DB US Dollar Index Bullish Fund (UUP) at 1.45%. This indicates that XNTK'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
| XNTK | UUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.87% | 1.45% | +12.42% |
Volatility (6M)Calculated over the trailing 6-month period | 23.76% | 4.34% | +19.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.05% | 6.03% | +22.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.78% | 7.22% | +21.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.03% | 6.90% | +20.13% |
XNTK vs. UUP - Expense Ratio Comparison
XNTK has a 0.35% expense ratio, which is lower than UUP's 0.75% expense ratio.
Dividends
XNTK vs. UUP - Dividend Comparison
XNTK's dividend yield for the trailing twelve months is around 0.15%, less than UUP's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
XNTK State Street SPDR NYSE Technology ETF | 0.15% | 0.23% | 0.42% | 0.34% | 0.85% | 0.34% | 0.30% | 0.61% | 29.64% | 1.29% | 0.81% | 0.93% |
Frequently Asked Questions
XNTK and UUP have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XNTK has higher volatility (13.87%) compared to UUP (1.45%). In terms of maximum drawdown, XNTK dropped -72.38% vs UUP's -22.19%.
On 10-year performance, XNTK leads with 24.56% vs 3.17% for UUP. On fees, XNTK 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 10-year period, XNTK has performed better with a 24.56% return vs 3.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XNTK 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 0.15% for XNTK.
XNTK is categorized as Technology Equities, while UUP is Currency. XNTK tracks NYSE Technology Index, while UUP tracks Deutsche Bank Long US Dollar Index (USDX) Futures Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.35% for XNTK and 0.75% for UUP.
XNTK currently has the higher Sharpe Ratio (1.85 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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