GXC vs UUP

Comparison between STATE STREET(R) SPDR(R) S&P(R) CHINA ETF (GXC, ETF) and Invesco DB US Dollar Index Bullish Fund (UUP, ETF).

5-Year PerformanceUUP has outperformed GXC, delivering a return of +5.8% compared to -4.1%

GXC vs UUP - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GXC(ETF)	UUP(ETF)
Net Assets	$435M	$436M
Expense Ratio	0.59%	0.75%
Max Drawdown	72.35%	22.71%
Sharpe Ratio	-0.10	0.59
5Y Beta	0.63	-0.00
5Y Dividends CAGR	10.09%	33.66%

Net Assets

GXC

$435M

Winner

UUP

$436M

Expense Ratio

Winner

GXC

0.59%

UUP

0.75%

Max Drawdown

GXC

72.35%

Winner

UUP

22.71%

Sharpe Ratio

GXC

-0.10

Winner

UUP

0.59

5Y Beta

GXC

0.63

Winner

UUP

-0.00

5Y Dividends CAGR

GXC

10.09%

Winner

UUP

33.66%

GXC vs UUP - Holdings Comparison

GXC and UUP have 0 common holdings. Overlap is 0.00%

GXC's top 25 holdings weight is 42.20%. UUP's top 25 holdings weight is 49.23%.

Rank	GXC	UUP
#1	TENCENT HOLDINGS LTD (n/a) - 10.52%	INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 49.23%
#2	n/a (n/a) - 7.94%	N/A
#3	CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 2.99%	N/A
#4	n/a (n/a) - 1.95%	N/A
#5	PDD HOLDINGS INC ADR (PDD) - 1.92%	N/A
#6	MEITUAN CLASS B (n/a) - 1.72%	N/A
#7	XIAOMI CORP CLASS B (n/a) - 1.64%	N/A
#8	BANK OF CHINA LTD CLASS H (n/a) - 1.49%	N/A
#9	n/a (n/a) - 1.47%	N/A
#10	NETEASE INC ORDINARY SHARES (n/a) - 1.29%	N/A
#11	JD.COM INC ORDINARY SHARES CLASS A (n/a) - 1.19%	N/A
#12	BYD CO LTD CLASS H (n/a) - 1.18%	N/A
#13	BAIDU INC (n/a) - 0.90%	N/A
#14	CHINA LIFE INSURANCE CO LTD CLASS H (n/a) - 0.79%	N/A
#15	TRIP.COM GROUP LTD (n/a) - 0.72%	N/A
#16	ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 0.71%	N/A
#17	PETROCHINA CO LTD CLASS H (n/a) - 0.70%	N/A
#18	n/a (n/a) - 0.64%	N/A
#19	LENOVO GROUP LTD (n/a) - 0.63%	N/A
#20	BEONE MEDICINES LTD ORDINARY SHARES (n/a) - 0.62%	N/A
#21	n/a (n/a) - 0.27%	N/A
#22	SINO BIOPHARMACEUTICAL LTD (n/a) - 0.23%	N/A
#23	GIGADEVICE SEMICONDUCTOR INC CLASS A (n/a) - 0.23%	N/A
#24	n/a (n/a) - 0.23%	N/A
#25	CHINA HONGQIAO GROUP LTD (n/a) - 0.23%	N/A
Total Holdings	1316	1

GXC vs UUP - Historical Returns

Returns include dividend reinvestment.

Period	GXC	UUP
1 month	-0.65%	+0.42%
3 months	-7.12%	+3.68%
6 months	-11.94%	+4.44%
1 year	-0.88%	+8.14%
5 years(CAGR)	-4.08%	+5.78%
10 years(CAGR)	+4.37%	+3.12%
Max(CAGR)	+4.80%	+1.70%

GXC

-0.65%

Winner

UUP

+0.42%

GXC

-7.12%

Winner

UUP

+3.68%

GXC

-11.94%

Winner

UUP

+4.44%

GXC

-0.88%

Winner

UUP

+8.14%

5Y(CAGR)

GXC

-4.08%

Winner

UUP

+5.78%

10Y(CAGR)

Winner

GXC

+4.37%

UUP

+3.12%

Max(CAGR)

Winner

GXC

+4.80%

UUP

+1.70%

GXC vs UUP - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	GXC	UUP
2026	-10.14%	+5.05%
2025	+33.32%	-5.77%
2024	+17.35%	+12.53%
2023	-12.72%	+2.52%
2022	-22.44%	+8.78%
2021	-20.17%	+5.65%
2020	+24.40%	-6.98%
2019	+23.80%	+3.32%
2018	-22.33%	+7.50%
2017	+50.45%	-9.92%
2016	+3.99%	+3.00%
2015	-5.28%	+5.99%
2014	+6.92%	+10.72%
2013	+4.82%	-1.33%
2012	+18.04%	-2.09%
2011	-18.05%	-1.54%
2010	+4.63%	-0.92%
2009	+50.80%	-7.38%
2008	-48.22%	+5.83%
2007	+70.08%	-4.30%

GXC vs UUP Drawdown Comparison

The maximum drawdown for GXC was -71.97%, occurring on Oct 27, 2008. Recovery took 1880 trading sessions.

The maximum drawdown for UUP was -22.18%, occurring on Jul 26, 2011. Recovery took 2689 trading sessions.

The current GXC drawdown is -34.32%. The current UUP drawdown is -1.32%.

Rank	GXC	UUP
#1	-71.97% Oct 31, 2007 - Apr 22, 2015	-22.18% Nov 20, 2008 - Jul 31, 2019
#2	-60.23% Feb 17, 2021 - Oct 31, 2022	-14.24% Mar 19, 2020 - Jun 13, 2022
#3	-39.71% Apr 27, 2015 - Jul 19, 2017	-11.16% Jun 14, 2007 - Oct 6, 2008
#4	-32.96% Jan 26, 2018 - Jul 8, 2020	-10.37% Sep 27, 2022 - Apr 10, 2024
#5	-16.82% Jul 23, 2007 - Aug 27, 2007	-10.05% Jan 13, 2025 - Jul 2, 2025
#6	-8.76% Oct 17, 2007 - Oct 31, 2007	-4.63% Feb 20, 2020 - Mar 13, 2020
#7	-8.06% Nov 22, 2017 - Jan 2, 2018	-4.25% Jun 26, 2024 - Oct 22, 2024
#8	-7.84% Aug 27, 2007 - Sep 4, 2007	-3.21% Mar 13, 2020 - Mar 19, 2020
#9	-7.45% Sep 1, 2020 - Oct 12, 2020	-3.13% Jul 14, 2022 - Aug 22, 2022
#10	-5.86% Jul 9, 2020 - Aug 24, 2020	-3.01% Oct 24, 2008 - Nov 12, 2008
#11	-5.75% Oct 2, 2007 - Oct 5, 2007	-2.78% Mar 9, 2007 - Jun 13, 2007
#12	-5.60% Jan 25, 2021 - Feb 9, 2021	-2.25% Sep 30, 2019 - Feb 6, 2020
#13	-4.85% Apr 16, 2007 - May 7, 2007	-1.74% Jun 14, 2022 - Jul 5, 2022
#14	-4.65% May 16, 2007 - Jun 5, 2007	-1.73% Sep 6, 2022 - Sep 21, 2022
#15	-4.58% Nov 27, 2020 - Jan 5, 2021	-1.69% Apr 30, 2024 - Jun 14, 2024

Correlation

Correlation between GXC and UUP is 0.44 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.44

-101

Dividend Comparison (2007 - 2026)

GXC vs UUP dividend yield comparison.

Year	GXC	UUP
2026	0.75%	0.00%
2025	2.40%	3.43%
2024	2.80%	4.48%
2023	3.70%	6.44%
2022	2.67%	0.89%
2021	1.35%	0.00%
2020	1.04%	0.00%
2019	1.60%	2.03%
2018	2.03%	1.08%
2017	1.84%	0.10%
2016	2.05%	0.00%
2015	2.85%	0.00%
2014	2.11%	0.00%
2013	2.29%	0.00%
2012	2.02%	0.00%
2011	2.09%	0.00%
2010	1.25%	0.00%
2009	0.98%	0.00%
2008	1.78%	0.69%
2007	1.39%	0.84%