UDN vs IAF

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

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

UDN vs IAF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

UDN

$136M

IAF

$135M

Max Drawdown

Winner

UDN

44.56%

IAF

83.73%

Sharpe Ratio

UDN

-0.53

Winner

IAF

-0.00

5Y Beta

Winner

UDN

-0.01

IAF

0.75

5Y Dividends CAGR

Winner

UDN

38.18%

IAF

1.98%

UDN vs IAF - Historical Returns

Returns include dividend reinvestment.

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

Winner

UDN

-1.42%

IAF

-3.26%

Winner

UDN

-0.55%

IAF

-4.45%

UDN

-0.43%

Winner

IAF

+0.31%

UDN

+0.16%

Winner

IAF

+1.57%

5Y(CAGR)

UDN

-0.89%

Winner

IAF

+1.08%

10Y(CAGR)

UDN

-0.53%

Winner

IAF

+7.81%

Max(CAGR)

UDN

-0.75%

Winner

IAF

+7.90%

UDN vs IAF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

UDN vs IAF 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 IAF was -67.63%, occurring on Nov 20, 2008. Recovery took 717 trading sessions.

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

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

Correlation

Correlation between UDN and IAF 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)

UDN vs IAF dividend yield comparison.

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