^DXY vs. UUP
Compare and contrast key facts about US Dollar Currency Index (^DXY) and Invesco DB US Dollar Index Bullish Fund (UUP).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DXY or UUP.
Correlation
The correlation between ^DXY and UUP is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^DXY vs. UUP - Performance Comparison
Key characteristics
^DXY:
0.41
UUP:
1.26
^DXY:
0.61
UUP:
1.82
^DXY:
1.07
UUP:
1.23
^DXY:
0.06
UUP:
1.84
^DXY:
1.05
UUP:
4.96
^DXY:
2.30%
UUP:
1.58%
^DXY:
5.88%
UUP:
6.21%
^DXY:
-56.70%
UUP:
-22.19%
^DXY:
-35.42%
UUP:
-2.91%
Returns By Period
In the year-to-date period, ^DXY achieves a -1.95% return, which is significantly lower than UUP's -1.50% return. Over the past 10 years, ^DXY has underperformed UUP with an annualized return of 1.07%, while UUP has yielded a comparatively higher 2.98% annualized return.
^DXY
-1.95%
-1.56%
4.79%
2.27%
1.24%
1.07%
UUP
-1.50%
-1.23%
7.40%
8.09%
3.93%
2.98%
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Risk-Adjusted Performance
^DXY vs. UUP — Risk-Adjusted Performance Rank
^DXY
UUP
^DXY vs. UUP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Dollar Currency Index (^DXY) 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.
Drawdowns
^DXY vs. UUP - Drawdown Comparison
The maximum ^DXY drawdown since its inception was -56.70%, which is greater than UUP's maximum drawdown of -22.19%. Use the drawdown chart below to compare losses from any high point for ^DXY and UUP. For additional features, visit the drawdowns tool.
Volatility
^DXY vs. UUP - Volatility Comparison
US Dollar Currency Index (^DXY) and Invesco DB US Dollar Index Bullish Fund (UUP) have volatilities of 2.01% and 1.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.