IAF vs UDN

Comparison between abrdn Australia Equity Fund Inc (IAF, ETF) and Invesco DB US Dollar Index Bearish Fund -1x Shares (UDN, ETF).

5-Year PerformanceIAF has outperformed UDN, delivering a return of +1.1% compared to -0.9%

IAF vs UDN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IAF(ETF)	UDN(ETF)
Net Assets	$135M	$136M
Max Drawdown	83.73%	44.56%
Sharpe Ratio	-0.00	-0.53
5Y Beta	0.75	-0.01
5Y Dividends CAGR	1.98%	38.18%

Net Assets

IAF

$135M

Winner

UDN

$136M

Max Drawdown

IAF

83.73%

Winner

UDN

44.56%

Sharpe Ratio

Winner

IAF

-0.00

UDN

-0.53

5Y Beta

IAF

0.75

Winner

UDN

-0.01

5Y Dividends CAGR

IAF

1.98%

Winner

UDN

38.18%

IAF vs UDN - Historical Returns

Returns include dividend reinvestment.

Period	IAF	UDN
1 month	-3.26%	-1.42%
3 months	-4.45%	-0.55%
6 months	+0.31%	-0.43%
1 year	+1.57%	+0.16%
5 years(CAGR)	+1.08%	-0.89%
10 years(CAGR)	+7.81%	-0.53%
Max(CAGR)	+7.90%	-0.75%

IAF

-3.26%

Winner

UDN

-1.42%

IAF

-4.45%

Winner

UDN

-0.55%

Winner

IAF

+0.31%

UDN

-0.43%

Winner

IAF

+1.57%

UDN

+0.16%

5Y(CAGR)

Winner

IAF

+1.08%

UDN

-0.89%

10Y(CAGR)

Winner

IAF

+7.81%

UDN

-0.53%

Max(CAGR)

Winner

IAF

+7.90%

UDN

-0.75%

IAF vs UDN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	IAF	UDN
2026	-1.62%	-1.04%
2025	+14.07%	+13.17%
2024	+8.06%	-3.79%
2023	+11.95%	+5.97%
2022	-19.23%	-7.36%
2021	+26.30%	-7.03%
2020	+11.14%	+6.61%
2019	+27.76%	-0.26%
2018	-16.70%	-5.53%
2017	+28.33%	+10.51%
2016	+14.33%	-4.35%
2015	-9.42%	-9.04%
2014	-9.81%	-11.71%
2013	-12.07%	-0.44%
2012	+23.34%	+0.44%
2011	-15.81%	-0.52%
2010	+4.62%	-2.27%
2009	+72.62%	+6.00%
2008	-53.84%	-5.24%
2007	+40.72%	+11.41%
2006	+21.65%	N/A
2005	+27.45%	N/A
2004	+41.09%	N/A
2003	+57.37%	N/A
2002	+10.82%	N/A
2001	+1.54%	N/A
2000	-15.88%	N/A
1999	-3.17%	N/A

IAF vs UDN Drawdown Comparison

The maximum drawdown for IAF was -67.63%, occurring on Nov 20, 2008. Recovery took 717 trading sessions.

The maximum drawdown for UDN was -41.68%, occurring on Sep 27, 2022. This drawdown has not yet recovered.

The current IAF drawdown is -12.02%. The current UDN drawdown is -28.12%.

Rank	IAF	UDN
#1	-67.63% Jan 2, 2008 - Nov 4, 2010	-41.68% Mar 17, 2008 - Sep 27, 2022
#2	-45.13% Mar 15, 2013 - Jan 15, 2020	-3.75% Nov 26, 2007 - Jan 30, 2008
#3	-43.97% Jan 23, 2020 - Nov 16, 2020	-2.48% Jan 30, 2008 - Feb 26, 2008
#4	-33.95% Mar 30, 2022 - Jun 5, 2025	-1.77% Jul 24, 2007 - Sep 6, 2007
#5	-31.78% Jul 23, 2007 - Oct 12, 2007	-1.54% Apr 30, 2007 - Jun 29, 2007
#6	-28.94% Nov 22, 1999 - May 30, 2002	-1.31% Sep 28, 2007 - Oct 18, 2007
#7	-28.46% Nov 8, 2010 - Jan 14, 2013	-1.06% Nov 8, 2007 - Nov 21, 2007
#8	-21.64% Mar 21, 2005 - Aug 31, 2005	-0.80% Oct 19, 2007 - Oct 25, 2007
#9	-20.52% Feb 19, 2004 - Sep 27, 2004	-0.62% Mar 10, 2008 - Mar 12, 2008
#10	-17.53% Jun 3, 2002 - Apr 23, 2003	-0.60% Mar 1, 2007 - Mar 13, 2007
#11	-17.36% May 11, 2006 - Oct 25, 2006	-0.55% Mar 21, 2007 - Apr 2, 2007
#12	-16.20% Feb 11, 2026 - Mar 24, 2026	-0.50% Oct 31, 2007 - Nov 6, 2007
#13	-14.82% Jun 11, 2021 - Mar 24, 2022	-0.39% Apr 2, 2007 - Apr 5, 2007
#14	-14.21% Sep 20, 2005 - Dec 27, 2005	-0.39% Apr 25, 2007 - Apr 30, 2007
#15	-11.12% Oct 31, 2007 - Dec 24, 2007	-0.38% Apr 5, 2007 - Apr 10, 2007

Correlation

Correlation between IAF and UDN is -0.51 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.51

-101

Dividend Comparison (2000 - 2026)

IAF vs UDN dividend yield comparison.

Year	IAF	UDN
2026	5.96%	0.00%
2025	11.30%	2.94%
2024	11.69%	5.33%
2023	11.32%	5.21%
2022	12.53%	0.69%
2021	10.25%	0.00%
2020	9.68%	0.00%
2019	10.54%	1.38%
2018	13.26%	1.26%
2017	10.05%	0.11%
2016	11.99%	0.00%
2015	14.31%	0.00%
2014	12.97%	0.00%
2013	11.97%	0.00%
2012	9.96%	0.00%
2011	12.71%	0.00%
2010	8.93%	0.00%
2009	7.64%	0.00%
2008	21.41%	0.57%
2007	9.32%	1.45%
2006	10.10%	0.00%
2005	9.62%	0.00%
2004	8.07%	0.00%
2003	1.81%	0.00%
2002	2.88%	0.00%
2001	11.52%	0.00%
2000	13.59%	0.00%