UDN vs GSEE

Comparison between Invesco DB US Dollar Index Bearish Fund -1x Shares (UDN, ETF) and GOLDMAN SACHS MARKETBETA EMERGING MARKETS EQUITY ETF (GSEE, ETF).

5-Year PerformanceGSEE has outperformed UDN, delivering a return of +5.9% compared to -0.9%

UDN vs GSEE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UDN(ETF)	GSEE(ETF)
Net Assets	$136M	$135M
Expense Ratio	N/A	0.36%
Max Drawdown	44.56%	42.64%
Sharpe Ratio	-0.53	1.62
5Y Beta	-0.01	0.80
5Y Dividends CAGR	38.18%	20.00%

Net Assets

Winner

UDN

$136M

GSEE

$135M

Expense Ratio

UDN

N/A

GSEE

0.36%

Max Drawdown

UDN

44.56%

Winner

GSEE

42.64%

Sharpe Ratio

UDN

-0.53

Winner

GSEE

1.62

5Y Beta

Winner

UDN

-0.01

GSEE

0.80

5Y Dividends CAGR

Winner

UDN

38.18%

GSEE

20.00%

UDN vs GSEE - Holdings Comparison

UDN and GSEE have 0 common holdings. Overlap is 0.00%

UDN's top 25 holdings weight is 95.02%. GSEE's top 25 holdings weight is 37.12%.

Rank	UDN	GSEE
#1	INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 95.02%	n/a (n/a) - 10.37%
#2	N/A	TENCENT HOLDINGS LTD (n/a) - 4.63%
#3	N/A	n/a (n/a) - 3.14%
#4	N/A	SAMSUNG ELECTRONICS CO LTD (n/a) - 3.05%
#5	N/A	SK HYNIX INC (n/a) - 1.83%
#6	N/A	HDFC BANK LTD (n/a) - 1.22%
#7	N/A	RELIANCE INDUSTRIES LTD (n/a) - 0.99%
#8	N/A	CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 0.96%
#9	N/A	INTERNATIONAL HOLDINGS CO PJSC (n/a) - 0.89%
#10	N/A	XIAOMI CORP CLASS B (n/a) - 0.87%
#11	N/A	PDD HOLDINGS INC ADR (PDD) - 0.84%
#12	N/A	HON HAI PRECISION INDUSTRY CO LTD (n/a) - 0.80%
#13	N/A	GOLDMAN SACHS FS TREASURY OBLIGS INSTL (FTOXX) - 0.78%
#14	N/A	ICICI BANK LTD (n/a) - 0.78%
#15	N/A	MEITUAN CLASS B (n/a) - 0.66%
#16	N/A	n/a (n/a) - 0.59%
#17	N/A	BHARTI AIRTEL LTD (n/a) - 0.58%
#18	N/A	NU HOLDINGS LTD ORDINARY SHARES CLASS A (NU) - 0.56%
#19	N/A	MEDIATEK INC (n/a) - 0.54%
#20	N/A	INFOSYS LTD (n/a) - 0.53%
#21	N/A	DELTA ELECTRONICS INC (n/a) - 0.53%
#22	N/A	n/a (n/a) - 0.52%
#23	N/A	AL RAJHI BANK (n/a) - 0.49%
#24	N/A	ISHARES MSCI MALAYSIA ETF (EWM) - 0.49%
#25	N/A	NASPERS LTD CLASS N (n/a) - 0.48%
Total Holdings	1	1824

UDN vs GSEE - Historical Returns

Returns include dividend reinvestment.

Period	UDN	GSEE
1 month	-1.42%	-1.27%
3 months	-0.55%	+11.46%
6 months	-0.43%	+19.50%
1 year	+0.16%	+40.36%
5 years(CAGR)	-0.89%	+5.85%
10 years(CAGR)	-0.53%	N/A
Max(CAGR)	-0.75%	+12.70%

UDN

-1.42%

Winner

GSEE

-1.27%

UDN

-0.55%

Winner

GSEE

+11.46%

UDN

-0.43%

Winner

GSEE

+19.50%

UDN

+0.16%

Winner

GSEE

+40.36%

5Y(CAGR)

UDN

-0.89%

Winner

GSEE

+5.85%

10Y(CAGR)

UDN

-0.53%

GSEE

N/A

Max(CAGR)

UDN

-0.75%

Winner

GSEE

+12.70%

UDN vs GSEE - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	UDN	GSEE
2026	-1.04%	+14.93%
2025	+13.17%	+32.50%
2024	-3.79%	+6.30%
2023	+5.97%	+9.86%
2022	-7.36%	-19.98%
2021	-7.03%	-3.10%
2020	+6.61%	+43.56%
2019	-0.26%	N/A
2018	-5.53%	N/A
2017	+10.51%	N/A
2016	-4.35%	N/A
2015	-9.04%	N/A
2014	-11.71%	N/A
2013	-0.44%	N/A
2012	+0.44%	N/A
2011	-0.52%	N/A
2010	-2.27%	N/A
2009	+6.00%	N/A
2008	-5.24%	N/A
2007	+11.41%	N/A

UDN vs GSEE Drawdown Comparison

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

The maximum drawdown for GSEE was -37.50%, occurring on Oct 24, 2022. Recovery took 1146 trading sessions.

The current UDN drawdown is -28.12%. The current GSEE drawdown is -8.66%.

Rank	UDN	GSEE
#1	-41.68% Mar 17, 2008 - Sep 27, 2022	-37.50% Feb 16, 2021 - Sep 9, 2025
#2	-3.75% Nov 26, 2007 - Jan 30, 2008	-13.05% Feb 25, 2026 - Apr 17, 2026
#3	-2.48% Jan 30, 2008 - Feb 26, 2008	-8.66% Jun 2, 2026 - Jun 5, 2026
#4	-1.77% Jul 24, 2007 - Sep 6, 2007	-6.00% Oct 29, 2025 - Jan 2, 2026
#5	-1.54% Apr 30, 2007 - Jun 29, 2007	-5.29% Jan 21, 2021 - Feb 9, 2021
#6	-1.31% Sep 28, 2007 - Oct 18, 2007	-5.24% May 11, 2026 - May 26, 2026
#7	-1.06% Nov 8, 2007 - Nov 21, 2007	-5.09% Aug 28, 2020 - Oct 8, 2020
#8	-0.80% Oct 19, 2007 - Oct 25, 2007	-4.47% Jun 10, 2020 - Jul 2, 2020
#9	-0.62% Mar 10, 2008 - Mar 12, 2008	-4.37% Oct 8, 2025 - Oct 20, 2025
#10	-0.60% Mar 1, 2007 - Mar 13, 2007	-3.53% Jan 28, 2026 - Feb 10, 2026
#11	-0.55% Mar 21, 2007 - Apr 2, 2007	-3.22% Oct 23, 2020 - Nov 4, 2020
#12	-0.50% Oct 31, 2007 - Nov 6, 2007	-2.87% May 20, 2020 - Jun 1, 2020
#13	-0.39% Apr 2, 2007 - Apr 5, 2007	-2.33% Jul 9, 2020 - Jul 21, 2020
#14	-0.39% Apr 25, 2007 - Apr 30, 2007	-2.24% Nov 27, 2020 - Dec 3, 2020
#15	-0.38% Apr 5, 2007 - Apr 10, 2007	-2.22% Apr 17, 2026 - Apr 30, 2026

Correlation

Correlation between UDN and GSEE is 0.66 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.66

-101

Dividend Comparison (2007 - 2025)

UDN vs GSEE dividend yield comparison.

Year	UDN	GSEE
2025	2.94%	2.53%
2024	5.33%	2.79%
2023	5.21%	3.07%
2022	0.69%	3.05%
2021	0.00%	6.10%
2020	0.00%	2.41%
2019	1.38%	0.00%
2018	1.26%	0.00%
2017	0.11%	0.00%
2008	0.57%	0.00%
2007	1.45%	0.00%