IROC vs UDN
Comparison between INVESCO ROCHESTER HIGH YIELD MUNICIPAL ETF (IROC, ETF) and Invesco DB US Dollar Index Bearish Fund -1x Shares (UDN, ETF).
IROC vs UDN - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
IROC
$124M
Winner
UDN
$124M
Expense Ratio
IROC
0.39%
UDN
N/A
Max Drawdown
Winner
IROC
6.98%
UDN
44.56%
Sharpe Ratio
Winner
IROC
1.13
UDN
-0.44
5Y Beta
IROC
0.03
Winner
UDN
-0.01
5Y Dividends CAGR
IROC
N/A
UDN
38.18%
IROC vs UDN - Historical Returns
Returns include dividend reinvestment.
1M
Winner
IROC
+0.56%
UDN
-1.31%
3M
Winner
IROC
+1.73%
UDN
+0.39%
6M
Winner
IROC
+3.03%
UDN
-0.63%
1Y
Winner
IROC
+6.60%
UDN
-0.37%
5Y(CAGR)
IROC
N/A
UDN
-0.71%
10Y(CAGR)
IROC
N/A
UDN
-0.44%
Max(CAGR)
Winner
IROC
+4.71%
UDN
-0.73%
IROC vs UDN - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | IROC | UDN |
|---|---|---|
| 2026 | +2.50% | -0.66% |
| 2025 | +4.01% | +13.17% |
| 2024 | +4.75% | -3.79% |
| 2023 | +5.81% | +5.97% |
| 2022 | -0.88% | -7.36% |
| 2021 | N/A | -7.03% |
| 2020 | N/A | +6.61% |
| 2019 | N/A | -0.26% |
| 2018 | N/A | -5.53% |
| 2017 | N/A | +10.51% |
| 2016 | N/A | -4.35% |
| 2015 | N/A | -9.04% |
| 2014 | N/A | -11.71% |
| 2013 | N/A | -0.44% |
| 2012 | N/A | +0.44% |
| 2011 | N/A | -0.52% |
| 2010 | N/A | -2.27% |
| 2009 | N/A | +6.00% |
| 2008 | N/A | -5.24% |
| 2007 | N/A | +11.41% |
IROC vs UDN Drawdown Comparison
The maximum drawdown for IROC was -4.79%, occurring on Oct 25, 2023. Recovery took 88 trading sessions.
The maximum drawdown for UDN was -41.68%, occurring on Sep 27, 2022. This drawdown has not yet recovered.
The current IROC drawdown is -0.40%. The current UDN drawdown is -27.84%.
| Rank | IROC | UDN |
|---|---|---|
| #1 | -4.79% Jul 26, 2023 - Nov 29, 2023 | -41.68% Mar 17, 2008 - Sep 27, 2022 |
| #2 | -3.52% Mar 3, 2025 - Sep 8, 2025 | -3.75% Nov 26, 2007 - Jan 30, 2008 |
| #3 | -2.93% Feb 2, 2023 - Jul 13, 2023 | -2.48% Jan 30, 2008 - Feb 26, 2008 |
| #4 | -2.64% Feb 25, 2026 - May 29, 2026 | -1.77% Jul 24, 2007 - Sep 6, 2007 |
| #5 | -1.46% Oct 2, 2024 - Nov 29, 2024 | -1.54% Apr 30, 2007 - Jun 29, 2007 |
| #6 | -1.30% Dec 6, 2024 - Feb 4, 2025 | -1.31% Sep 28, 2007 - Oct 18, 2007 |
| #7 | -1.05% May 15, 2024 - Jun 12, 2024 | -1.06% Nov 8, 2007 - Nov 21, 2007 |
| #8 | -1.03% Mar 22, 2024 - May 7, 2024 | -0.80% Oct 19, 2007 - Oct 25, 2007 |
| #9 | -1.00% Jan 12, 2024 - Jan 31, 2024 | -0.62% Mar 10, 2008 - Mar 12, 2008 |
| #10 | -0.94% Dec 13, 2022 - Jan 9, 2023 | -0.60% Mar 1, 2007 - Mar 13, 2007 |
| #11 | -0.84% Feb 1, 2024 - Feb 28, 2024 | -0.55% Mar 21, 2007 - Apr 2, 2007 |
| #12 | -0.71% Aug 2, 2024 - Sep 4, 2024 | -0.50% Oct 31, 2007 - Nov 6, 2007 |
| #13 | -0.55% Jun 14, 2024 - Jul 5, 2024 | -0.39% Apr 2, 2007 - Apr 5, 2007 |
| #14 | -0.52% Nov 24, 2025 - Jan 2, 2026 | -0.39% Apr 25, 2007 - Apr 30, 2007 |
| #15 | -0.47% Feb 6, 2025 - Feb 20, 2025 | -0.38% Apr 5, 2007 - Apr 10, 2007 |
Correlation
Correlation between IROC and UDN is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2007 - 2026)
IROC vs UDN dividend yield comparison.
| Year | IROC | UDN |
|---|---|---|
| 2026 | 2.14% | 0.00% |
| 2025 | 4.79% | 2.94% |
| 2024 | 4.08% | 5.33% |
| 2023 | 3.68% | 5.21% |
| 2022 | 0.00% | 0.69% |
| 2019 | 0.00% | 1.38% |
| 2018 | 0.00% | 1.26% |
| 2017 | 0.00% | 0.11% |
| 2008 | 0.00% | 0.57% |
| 2007 | 0.00% | 1.45% |
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