UDN vs RWM

Comparison between Invesco DB US Dollar Index Bearish Fund -1x Shares (UDN, ETF) and PROSHARES SHORT RUSSELL2000 (RWM, ETF).

5-Year PerformanceUDN has outperformed RWM, delivering a return of -0.4% compared to -6.1%

UDN vs RWM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UDN(ETF)	RWM(ETF)
Net Assets	$113M	$113M
Expense Ratio	N/A	0.95%
Max Drawdown	44.56%	97.26%
Sharpe Ratio	-0.79	-1.51
5Y Beta	-0.00	-1.10
5Y Dividends CAGR	38.18%	N/A

Net Assets

UDN

$113M

RWM

$113M

Expense Ratio

UDN

N/A

RWM

0.95%

Max Drawdown

Winner

UDN

44.56%

RWM

97.26%

Sharpe Ratio

Winner

UDN

-0.79

RWM

-1.51

5Y Beta

UDN

-0.00

Winner

RWM

-1.10

5Y Dividends CAGR

UDN

38.18%

RWM

N/A

UDN vs RWM - Historical Returns

Returns include dividend reinvestment.

Period	UDN	RWM
1 month	+0.00%	+0.89%
3 months	-2.19%	-7.02%
6 months	-1.60%	-9.12%
1 year	-1.77%	-24.05%
5 years(CAGR)	-0.43%	-6.05%
10 years(CAGR)	-0.29%	-11.72%
Max(CAGR)	-0.79%	-12.15%

UDN

+0.00%

Winner

RWM

+0.89%

Winner

UDN

-2.19%

RWM

-7.02%

Winner

UDN

-1.60%

RWM

-9.12%

Winner

UDN

-1.77%

RWM

-24.05%

5Y(CAGR)

Winner

UDN

-0.43%

RWM

-6.05%

10Y(CAGR)

Winner

UDN

-0.29%

RWM

-11.72%

Max(CAGR)

Winner

UDN

-0.79%

RWM

-12.15%

UDN vs RWM - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	UDN	RWM
2026	-1.92%	-15.51%
2025	+13.17%	-9.27%
2024	-3.79%	-6.49%
2023	+5.97%	-10.99%
2022	-7.36%	+19.82%
2021	-7.03%	-19.11%
2020	+6.61%	-31.06%
2019	-0.26%	-19.44%
2018	-5.53%	+12.68%
2017	+10.51%	-13.13%
2016	-4.35%	-22.95%
2015	-9.04%	+0.05%
2014	-11.71%	-9.33%
2013	-0.44%	-28.41%
2012	+0.44%	-16.54%
2011	-0.52%	-6.11%
2010	-2.27%	-25.42%
2009	+6.00%	-31.44%
2008	-5.24%	+22.38%
2007	+11.41%	+4.98%

UDN vs RWM 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 RWM was -95.61%, occurring on Jun 30, 2026. This drawdown has not yet recovered.

The current UDN drawdown is -28.76%. The current RWM drawdown is -95.54%.

Rank	UDN	RWM
#1	-41.68% Mar 17, 2008 - Sep 27, 2022	-95.61% Mar 9, 2009 - Jun 30, 2026
#2	-3.75% Nov 26, 2007 - Jan 30, 2008	-29.50% Nov 20, 2008 - Mar 9, 2009
#3	-2.48% Jan 30, 2008 - Feb 26, 2008	-18.20% Oct 27, 2008 - Nov 19, 2008
#4	-1.77% Jul 24, 2007 - Sep 6, 2007	-17.33% Mar 10, 2008 - Oct 6, 2008
#5	-1.54% Apr 30, 2007 - Jun 29, 2007	-13.39% Oct 9, 2008 - Oct 24, 2008
#6	-1.31% Sep 28, 2007 - Oct 18, 2007	-10.96% Aug 15, 2007 - Nov 19, 2007
#7	-1.06% Nov 8, 2007 - Nov 21, 2007	-9.82% Mar 5, 2007 - Jul 27, 2007
#8	-0.80% Oct 19, 2007 - Oct 25, 2007	-8.16% Jan 22, 2008 - Mar 6, 2008
#9	-0.62% Mar 10, 2008 - Mar 12, 2008	-7.95% Nov 26, 2007 - Jan 4, 2008
#10	-0.60% Mar 1, 2007 - Mar 13, 2007	-5.46% Jan 26, 2007 - Mar 2, 2007
#11	-0.55% Mar 21, 2007 - Apr 2, 2007	-4.86% Aug 3, 2007 - Aug 15, 2007
#12	-0.50% Oct 31, 2007 - Nov 6, 2007	-2.22% Jan 8, 2008 - Jan 11, 2008
#13	-0.39% Apr 2, 2007 - Apr 5, 2007	-1.96% Nov 21, 2007 - Nov 26, 2007
#14	-0.39% Apr 25, 2007 - Apr 30, 2007	-1.63% Jul 27, 2007 - Aug 3, 2007
#15	-0.38% Apr 5, 2007 - Apr 10, 2007	-1.38% Jan 11, 2008 - Jan 15, 2008

Correlation

Correlation between UDN and RWM is 0.75 which considered as a strong positive correlation - the stocks tend to move together.

0.75

-101

Dividend Comparison (2007 - 2026)

UDN vs RWM dividend yield comparison.

Year	UDN	RWM
2026	0.00%	1.51%
2025	2.94%	3.97%
2024	5.33%	6.03%
2023	5.21%	4.78%
2022	0.69%	0.39%
2020	0.00%	0.20%
2019	1.38%	1.55%
2018	1.26%	0.87%
2017	0.11%	0.07%
2008	0.57%	37.88%
2007	1.45%	2.28%