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ETFs

Invesco DB US Dollar Index Bullish Fund

UUP
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 20 2007
Expense Ratio
0.77%
Type
US Currency
Fund Owner
Invesco
Volume (1m avg. daily)
$37,602,795
AUM
$507,913,741
Associated Index
Deutsche Bank Long USD Currency Portfolio Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

B 0 11/30/23
United States Treasury Bill
24.42%
AGPXX
Invesco Government & Agency Portfolio
20.68%
B 0 12/07/23
United States Treasury Bill
2.44%
B 0 03/07/24
United States Treasury Bill
2.41%
Invest with UUP

What is UUP?

The Invesco DB US Dollar Index Bullish Fund (Symbol: UUP) seeks to track changes, whether positive or negative, in the level of the Deutsche Bank Long USD Currency Portfolio Index - Excess ReturnTM (DB Long USD Currency Portfolio Index ER) plus the interest income from the Funds holdings of primarily US Treasury securities and money market income less the Funds expenses. The Fund is designed for investors who want a cost effective and convenient way to track the value of the U.S. dollar relative to a basket of the six major world currencies - the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc (collectively, the "Basket Currencies"). The Index is a rules-based index composed solely of long U.S. Dollar Index futures contracts that trade on the ICE futures exchange (USDX futures contracts). The USDX futures contract is designed to replicate the performance of being long the U.S. dollar against the Basket Currencies.

ETFs related toUUP

ETFs correlated to UUP include EUO, USDU, EFZ

UUP
Invesco DB US Dollar Index Trust - Invesco DB US Dollar Index Bullish Fund
EUO
ProShares Trust - ProShares UltraShort Euro -2X Shares
USDU
WisdomTree Trust - WisdomTree Bloomberg U.S. Dollar Bullish Fund
EFZ
ProShares Trust - ProShares Short MSCI EAFE -1X Shares
EPV
ProShares Trust - ProShares UltraShort FTSE Europe -2X Shares
JDST
Direxion Shares ETF Trust - Direxion Daily Junior Gold Miners Index Bear -2X Shares
GDXD
Bank of Montreal - MicroSectors Gold Miners -3X Inverse Leveraged ETNs
GLL
ProShares Trust - ProShares UltraShort Gold -2x Shares
DUST
Direxion Shares ETF Trust - Direxion Daily Gold Miners Index Bear -2X Shares
ZSL
ProShares Trust - ProShares UltraShort Silver -2x Shares
EDZ
Direxion Shares ETF Trust - Direxion Daily MSCI Emerging Markets Bear -3x Shares

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUUP

#DGD

Diversify with Gold & the Dollar

Category

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Risk Rating

Aggressive

#BORING

The Not Boring: Rising Rates with Vol Switch

Category

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Create your own algorithmic trading strategy with UUP using Composer

FAQ

UUP is a US Currency ETF. The Invesco DB US Dollar Index Bullish Fund (Symbol: UUP) seeks to track changes, whether positive or negative, in the level of the Deutsche Bank Long USD Currency Portfolio Index - Excess ReturnTM (DB Long USD Currency Portfolio Index ER) plus the interest income from the Funds holdings of primarily US Treasury securities and money market income less the Funds expenses. The Fund is designed for investors who want a cost effective and convenient way to track the value of the U.S. dollar relative to a basket of the six major world currencies - the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc (collectively, the "Basket Currencies"). The Index is a rules-based index composed solely of long U.S. Dollar Index futures contracts that trade on the ICE futures exchange (USDX futures contracts). The USDX futures contract is designed to replicate the performance of being long the U.S. dollar against the Basket Currencies.

UUP tracks the Deutsche Bank Long USD Currency Portfolio Index.

No, UUP is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, UUP is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on UUP is 0.0231%. This is the percent change in the value of UUP over the most recent 1-month period. The 3-month return on UUP is 0.0466%. This is the percent change in the value of UUP over the most recent 3-month period.

The standard deviation of UUP for the past year is 0.0883%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to UUP include FXC, CEW, and CYB.

ETFs correlated to UUP include EUO, USDU, and EFZ.

ETFs that are inversely correlated to UUP include UDN, FXE, and FXB.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.