Invesco DB US Dollar Index Bullish Fund

10-Year Study

UUP.US · · US · ETF

Executive Summary: Invesco DB US Dollar Index Bullish Fund has compounded at 2.8% annually over the last 10 years, with a maximum drawdown of 12.0% and an annualized volatility of 7.5%.

1Y CAGR
+3.4%
3Y CAGR
+3.3%
5Y CAGR
+5.7%
10Y CAGR
+2.8%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
12.0%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.21
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.38
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
6.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2024 · +13.5%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · -9.1%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
70%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-0.70.92.6-1.5————————1.3%
20250.3-0.4-2.9-4.00.1-2.13.8-1.90.52.50.0-0.9-5.0%
20242.70.91.02.2-1.11.6-1.3-1.7-0.33.62.23.013.5%
2023-1.13.3-1.9-0.53.1-0.8-0.62.42.91.0-2.5-1.63.6%
20220.90.01.64.8-1.32.81.22.93.6-0.4-4.7-1.99.5%
20210.70.42.4-2.1-1.52.5-0.20.51.7-0.21.8-0.35.7%
20201.21.01.1-0.1-0.7-1.1-4.0-1.51.80.1-2.2-2.3-6.7%
2019-0.21.01.50.50.6-1.32.90.50.9-1.91.2-1.64.1%
2018-3.21.9-0.32.22.60.70.20.80.32.20.4-0.87.0%
2017-2.81.5-0.6-1.5-1.9-1.3-2.7-0.20.61.7-1.6-0.6-9.1%
2016———-1.83.10.0-0.70.6-0.63.03.30.87.8%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 7.5%. The dominant macroeconomic risk driver is UUP.US, accounting for 100.0% of variance. Idiosyncratic stock-specific factors contribute 0.0%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019820.737828464395
2016-05-0110122.288507221707
2016-06-0110122.288507221707
2016-07-0110052.973800894604
2016-08-0110114.093665094364
2016-09-0110057.071221958277
2016-10-0110358.621900715585
2016-11-0110696.85425375719
2016-12-0110782.412307872415
2017-01-0110484.959050178775
2017-02-0110639.783031798916
2017-03-0110574.565746535485
2017-04-0110419.741764915345
2017-05-0110220.04126688357
2017-06-0110085.606832937412
2017-07-019808.494344095569
2017-08-019792.202217485257
2017-09-019853.322081685017
2017-10-0110016.292126610311
2017-11-019857.370723926502
2017-12-019801.421414878516
2018-01-019483.285936577777
2018-02-019662.743223402129
2018-03-019630.11019135932
2018-04-019842.200510226481
2018-05-0110099.167345505275
2018-06-0110172.579472896048
2018-07-0110188.920378328548
2018-08-0110274.575990088144
2018-09-0110303.111601067281
2018-10-0110531.54282536694
2018-11-0110572.321920714901
2018-12-0110492.227094684571
2019-01-0110467.496231835987
2019-02-0110570.565883116187
2019-03-0110731.340881043088
2019-04-0110789.095006511976
2019-05-0110850.946553044532
2019-06-0110706.610018194502
2019-07-0111019.96517192096
2019-08-0111077.67051856766
2019-09-0111172.496548898329
2019-10-0110962.259825274261
2019-11-0111094.157760466716
2019-12-0110920.992941704431
2020-01-0111051.329954586918
2020-02-0111156.448316398955
2020-03-0111282.639129395582
2020-04-0111265.81043574122
2020-05-0111185.910724999634
2020-06-0111068.15864824128
2020-07-0110630.80772851659
2020-08-0110471.00830703342
2020-09-0110660.27013711727
2020-10-0110668.66009453336
2020-11-0110437.350919724693
2020-12-0110193.456808791896
2021-01-0110269.161540825435
2021-02-0110311.20888555025
2021-03-0110563.541732721322
2021-04-0110336.427536620702
2021-05-0110185.066851375806
2021-06-0110441.594677254923
2021-07-0110416.327247362286
2021-08-0110466.813328325376
2021-09-0110643.441443462907
2021-10-0110618.17401357027
2021-11-0110807.435843654119
2021-12-0110777.973435053438
2022-01-0110878.89681815743
2022-02-0110883.14057568766
2022-03-0111059.768690825194
2022-04-0111593.799236123645
2022-05-0111442.43855087875
2022-06-0111757.793636314856
2022-07-0111896.56938543562
2022-08-0112241.435658294597
2022-09-0112678.737799197103
2022-10-0112628.3004970562
2022-11-0112031.150155848338
2022-12-0111797.645934041277
2023-01-0111670.381986956543
2023-02-0112056.466364563163
2023-03-0111827.352236752893
2023-04-0111772.23216768208
2023-05-0112137.048978815357
2023-06-0112039.491334442238
2023-07-0111971.591213958547
2023-08-0112255.825410839632
2023-09-0112612.154706912446
2023-10-0112739.467432819369
2023-11-0112425.52693322667
2023-12-0112226.021550483643
2024-01-0112560.010145995015
2024-02-0112677.371992175878
2024-03-0112803.709141639069
2024-04-0113079.016814060009
2024-05-0112939.119152028956
2024-06-0113146.721819254952
2024-07-0112979.75191091036
2024-08-0112758.588731116499
2024-09-0112717.955972235095
2024-10-0113178.330496031846
2024-11-0113471.637553839626
2024-12-0113876.794450921188
2025-01-0113919.232026223495
2025-02-0113862.648592487085
2025-03-0113461.735452935754
2025-04-0112928.729262903218
2025-05-0112947.606667089418
2025-06-0112678.737799197103
2025-07-0113159.843322423138
2025-08-0112909.85185871702
2025-09-0112975.898383957623
2025-10-0113306.082231338443
2025-11-0113306.082231338443
2025-12-0113184.91563702703
2026-01-0113097.113757091223
2026-02-0113209.305048120308
2026-03-0113550.756803426228
2026-04-0113350.763632461334
Annual Return Matrix
YearAnnual Return
2017-0.09098065117373244
20180.07048015288450049
20190.04086509405015404
2020-0.06661813049381826
20210.05734233609126527
20220.09460707109107691
20230.03631026213511945
20240.1350212653904772
2025-0.04985869152570965
20260.012578616352201255
Total Factor Risk
0.0745913025531498
VTI.US Exposure
-1.245054828072585e-16
VEA.US Exposure
-3.712444528611024e-16
VWO.US Exposure
2.831734796380165e-16
QQQ.US Exposure
5.048702482557351e-17
VTV.US Exposure
-1.7803630414615261e-16
IJR.US Exposure
-4.4724085354844544e-17
QUAL.US Exposure
3.621193061043162e-17
SHV.US Exposure
-3.018146660633938e-18
TLT.US Exposure
-5.896196623978878e-18
LQD.US Exposure
-2.464732084934282e-16
HYG.US Exposure
-1.0612022249698879e-16
GLD.US Exposure
2.0434030688351046e-16
USO.US Exposure
9.769201582748714e-18
VNQ.US Exposure
4.1346370907024695e-16
BTC-USD.CC Exposure
-2.0903711777215858e-17
CPER.US Exposure
-3.2064877674408007e-16
VIX.INDX Exposure
-2.6326535170716898e-17
UUP.US Exposure
0.9999982026874051
TIP.US Exposure
-4.328654785950411e-17
Idiosyncratic Exposure
0.0000017973125953310037
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
7.5%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.1%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
2.2% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
-8.09
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Invesco DB US Dollar Index Bullish Fund a high-risk investment?

Invesco DB US Dollar Index Bullish Fund (UUP.US) has an annualized volatility of 7.5% and experienced a maximum drawdown of 12.0% over the last 10 years. Its primary macro risk driver is UUP.US.

What is the 10-year return of UUP.US?

Over the past 10 years, UUP.US has generated a Compound Annual Growth Rate (CAGR) of 2.8%. It has had a positive return in 70% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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