Snapshot*
Top 10 Holdings
What is UDN?
The Invesco DB US Dollar Index Bearish Fund (Symbol: UDN) seeks to track changes, whether positive or negative, in the level of the Deutsche Bank Short USD Currency Portfolio Index - Excess Return, (DB Short 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 short 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 short the U.S. dollar against the Basket Currencies.
UDNPerformance Measures**
for the time period Feb 20, 2007 to Dec 5, 2025
1M Trailing Return: 1.5%
The percent change in the value over the most recent 1-month period.
3M Trailing Return: -0.8%
The percent change in the value over the most recent 3-month period.
Max Drawdown: -41.7%
The greatest percent loss from peak to trough in value over the time period.
Standard Deviation: 8.0%
The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.
Sharpe Ratio: -0.05
The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.
Calmar Ratio: -0.02
The annualized return divided by the max drawdown for the selected time period.
ETFs related toUDN
ETFs correlated to UDN include FXE, FXB, IBND
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.
Trading Strategies
Related toUDN
V2 Holy Grail Simplified w/RSI Divination - without VIXen
Category
Tactical asset allocation, Leveraged ETFs, Momentum and mean reversion, Regime switching, Volatility hedging, Risk-on/risk-off
OOS Cumulative Return
353.72%
V2 | Holy Grail Simplified w/ RSI Divination + VIXen | DereckN, HinnomTX
Category
Tactical allocation, Trend following, Mean reversion, Volatility overlay, Leveraged ETFs, Multi-asset, Risk management
OOS Cumulative Return
304.21%
Create your own algorithmic trading strategy with UDN using Composer
FAQ
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.