UUP vs GXC

Comparison between Invesco DB US Dollar Index Bullish Fund (UUP, ETF) and STATE STREET(R) SPDR(R) S&P(R) CHINA ETF (GXC, ETF).

5-Year PerformanceUUP has outperformed GXC, delivering a return of +5.8% compared to -4.1%

UUP vs GXC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	UUP(ETF)	GXC(ETF)
Net Assets	$436M	$435M
Expense Ratio	0.75%	0.59%
Max Drawdown	22.71%	72.35%
Sharpe Ratio	0.59	-0.10
5Y Beta	-0.00	0.63
5Y Dividends CAGR	33.66%	10.09%

Net Assets

Winner

UUP

$436M

GXC

$435M

Expense Ratio

UUP

0.75%

Winner

GXC

0.59%

Max Drawdown

Winner

UUP

22.71%

GXC

72.35%

Sharpe Ratio

Winner

UUP

0.59

GXC

-0.10

5Y Beta

Winner

UUP

-0.00

GXC

0.63

5Y Dividends CAGR

Winner

UUP

33.66%

GXC

10.09%

UUP vs GXC - Holdings Comparison

UUP and GXC have 0 common holdings. Overlap is 0.00%

UUP's top 25 holdings weight is 49.23%. GXC's top 25 holdings weight is 42.20%.

Rank	UUP	GXC
#1	INVESCO SHRT-TRM INV GOV&AGCY INSTL (AGPXX) - 49.23%	TENCENT HOLDINGS LTD (n/a) - 10.52%
#2	N/A	n/a (n/a) - 7.94%
#3	N/A	CHINA CONSTRUCTION BANK CORP CLASS H (n/a) - 2.99%
#4	N/A	n/a (n/a) - 1.95%
#5	N/A	PDD HOLDINGS INC ADR (PDD) - 1.92%
#6	N/A	MEITUAN CLASS B (n/a) - 1.72%
#7	N/A	XIAOMI CORP CLASS B (n/a) - 1.64%
#8	N/A	BANK OF CHINA LTD CLASS H (n/a) - 1.49%
#9	N/A	n/a (n/a) - 1.47%
#10	N/A	NETEASE INC ORDINARY SHARES (n/a) - 1.29%
#11	N/A	JD.COM INC ORDINARY SHARES CLASS A (n/a) - 1.19%
#12	N/A	BYD CO LTD CLASS H (n/a) - 1.18%
#13	N/A	BAIDU INC (n/a) - 0.90%
#14	N/A	CHINA LIFE INSURANCE CO LTD CLASS H (n/a) - 0.79%
#15	N/A	TRIP.COM GROUP LTD (n/a) - 0.72%
#16	N/A	ZIJIN MINING GROUP CO LTD CLASS H (n/a) - 0.71%
#17	N/A	PETROCHINA CO LTD CLASS H (n/a) - 0.70%
#18	N/A	n/a (n/a) - 0.64%
#19	N/A	LENOVO GROUP LTD (n/a) - 0.63%
#20	N/A	BEONE MEDICINES LTD ORDINARY SHARES (n/a) - 0.62%
#21	N/A	n/a (n/a) - 0.27%
#22	N/A	SINO BIOPHARMACEUTICAL LTD (n/a) - 0.23%
#23	N/A	GIGADEVICE SEMICONDUCTOR INC CLASS A (n/a) - 0.23%
#24	N/A	n/a (n/a) - 0.23%
#25	N/A	CHINA HONGQIAO GROUP LTD (n/a) - 0.23%
Total Holdings	1	1316

UUP vs GXC - Historical Returns

Returns include dividend reinvestment.

Period	UUP	GXC
1 month	+0.42%	-0.65%
3 months	+3.68%	-7.12%
6 months	+4.44%	-11.94%
1 year	+8.14%	-0.88%
5 years(CAGR)	+5.78%	-4.08%
10 years(CAGR)	+3.12%	+4.37%
Max(CAGR)	+1.70%	+4.80%

Winner

UUP

+0.42%

GXC

-0.65%

Winner

UUP

+3.68%

GXC

-7.12%

Winner

UUP

+4.44%

GXC

-11.94%

Winner

UUP

+8.14%

GXC

-0.88%

5Y(CAGR)

Winner

UUP

+5.78%

GXC

-4.08%

10Y(CAGR)

UUP

+3.12%

Winner

GXC

+4.37%

Max(CAGR)

UUP

+1.70%

Winner

GXC

+4.80%

UUP vs GXC - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	UUP	GXC
2026	+5.05%	-10.14%
2025	-5.77%	+33.32%
2024	+12.53%	+17.35%
2023	+2.52%	-12.72%
2022	+8.78%	-22.44%
2021	+5.65%	-20.17%
2020	-6.98%	+24.40%
2019	+3.32%	+23.80%
2018	+7.50%	-22.33%
2017	-9.92%	+50.45%
2016	+3.00%	+3.99%
2015	+5.99%	-5.28%
2014	+10.72%	+6.92%
2013	-1.33%	+4.82%
2012	-2.09%	+18.04%
2011	-1.54%	-18.05%
2010	-0.92%	+4.63%
2009	-7.38%	+50.80%
2008	+5.83%	-48.22%
2007	-4.30%	+70.08%

UUP vs GXC Drawdown Comparison

The maximum drawdown for UUP was -22.18%, occurring on Jul 26, 2011. Recovery took 2689 trading sessions.

The maximum drawdown for GXC was -71.97%, occurring on Oct 27, 2008. Recovery took 1880 trading sessions.

The current UUP drawdown is -1.32%. The current GXC drawdown is -34.32%.

Rank	UUP	GXC
#1	-22.18% Nov 20, 2008 - Jul 31, 2019	-71.97% Oct 31, 2007 - Apr 22, 2015
#2	-14.24% Mar 19, 2020 - Jun 13, 2022	-60.23% Feb 17, 2021 - Oct 31, 2022
#3	-11.16% Jun 14, 2007 - Oct 6, 2008	-39.71% Apr 27, 2015 - Jul 19, 2017
#4	-10.37% Sep 27, 2022 - Apr 10, 2024	-32.96% Jan 26, 2018 - Jul 8, 2020
#5	-10.05% Jan 13, 2025 - Jul 2, 2025	-16.82% Jul 23, 2007 - Aug 27, 2007
#6	-4.63% Feb 20, 2020 - Mar 13, 2020	-8.76% Oct 17, 2007 - Oct 31, 2007
#7	-4.25% Jun 26, 2024 - Oct 22, 2024	-8.06% Nov 22, 2017 - Jan 2, 2018
#8	-3.21% Mar 13, 2020 - Mar 19, 2020	-7.84% Aug 27, 2007 - Sep 4, 2007
#9	-3.13% Jul 14, 2022 - Aug 22, 2022	-7.45% Sep 1, 2020 - Oct 12, 2020
#10	-3.01% Oct 24, 2008 - Nov 12, 2008	-5.86% Jul 9, 2020 - Aug 24, 2020
#11	-2.78% Mar 9, 2007 - Jun 13, 2007	-5.75% Oct 2, 2007 - Oct 5, 2007
#12	-2.25% Sep 30, 2019 - Feb 6, 2020	-5.60% Jan 25, 2021 - Feb 9, 2021
#13	-1.74% Jun 14, 2022 - Jul 5, 2022	-4.85% Apr 16, 2007 - May 7, 2007
#14	-1.73% Sep 6, 2022 - Sep 21, 2022	-4.65% May 16, 2007 - Jun 5, 2007
#15	-1.69% Apr 30, 2024 - Jun 14, 2024	-4.58% Nov 27, 2020 - Jan 5, 2021

Correlation

Correlation between UUP and GXC is 0.44 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.44

-101

Dividend Comparison (2007 - 2026)

UUP vs GXC dividend yield comparison.

Year	UUP	GXC
2026	0.00%	0.75%
2025	3.43%	2.40%
2024	4.48%	2.80%
2023	6.44%	3.70%
2022	0.89%	2.67%
2021	0.00%	1.35%
2020	0.00%	1.04%
2019	2.03%	1.60%
2018	1.08%	2.03%
2017	0.10%	1.84%
2016	0.00%	2.05%
2015	0.00%	2.85%
2014	0.00%	2.11%
2013	0.00%	2.29%
2012	0.00%	2.02%
2011	0.00%	2.09%
2010	0.00%	1.25%
2009	0.00%	0.98%
2008	0.69%	1.78%
2007	0.84%	1.39%