Invesco DB US Dollar Index Bearish Fund (UDN)
About this ETF
The Invesco DB US Dollar Index Bearish Fund (UDN) is designed to provide investors with exposure to the inverse performance of the U.S. dollar against a basket of key global currencies. Specifically, it aims to track the Deutsche Bank Short USD Currency Portfolio Index – Excess Return, while also incorporating net interest income generated from its holdings, primarily U.S. Treasury securities and money market instruments, after accounting for fund expenses. This Fund offers a streamlined and economical method for investors seeking to benefit from a decline in the U.S. dollar's value relative to six major world currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The underlying Index follows a rules-based approach, comprising exclusively "short"…
Price
Top 10 holdings
| Invesco Government & Agency Portfolio | 96.66% |
| CASH COLLATERAL | 3.31% |
| USD Pending Dividends | 0.09% |
| CASH & EQUIVALENTS | -0.07% |
Sector mix
No sector breakdown available for this fund.
Price chart
Returns
| 1 month | -1.11% |
| 3 months | -2.14% |
| 6 months | -1.54% |
| Year to date | -2.14% |
| 1 year | -4.85% |
| 3 years (ann.) | -1.70% |
| 5 years (ann.) | -3.30% |
| 10 years (ann.) | -2.06% |
Risk profile
| Volatility (1y, ann.) | 6.45% |
| Sharpe (1y) | -0.74 |
| Sharpe (3y) | -0.17 |
| Sortino (1y) | -1.02 |
| Max drawdown (1y) | -6.57% |
| Max drawdown (5y) | -22.08% |
| Max drawdown (full) | -44.56% |
| Beta vs S&P 500 (1y) | 0.12 |
| Correlation vs S&P 500 (1y) | 0.23 |
Technical outlook as of 2026-07-13
The Monte Carlo cone is drawn on the price chart above (Forecast overlay); RSI, MACD and the rest of the oscillators live in its indicator panels.
Full holdings
| Constituent | ISIN | Market value | Weight |
|---|---|---|---|
| Loading… | |||
Geographic exposure
Cost vs. peers
Comparison universe: 184 funds of the same asset class.
Cost impact calculator
Dividend history
Distributing share class Income is paid out to shareholders.
| Ex-date | Payment | Amount |
|---|---|---|
| 2025-12-22 | 2025-12-26 | USD 0.5355 |
| 2024-12-23 | 2024-12-27 | USD 0.8904 |
| 2023-12-18 | 2023-12-22 | USD 0.9608 |
| 2022-12-19 | 2022-12-23 | USD 0.1275 |
| 2019-12-23 | 2019-12-31 | USD 0.2826 |
| 2018-12-24 | 2018-12-31 | USD 0.2655 |
| 2017-12-18 | 2017-12-29 | USD 0.0240 |
| 2008-12-15 | — | USD 0.1500 |
| 2007-12-17 | — | USD 0.4000 |
ESG profile
No ESG estimate available: none of the scored universe overlaps this portfolio (typical for bond, commodity or synthetic funds).
Scored coverage: 0.0% of the portfolio by weight.
Similar ETFs
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|---|---|---|---|---|---|
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Cheaper alternatives
No fund of the class reaches 60% portfolio overlap — showing the cheapest funds of the class instead.
| Fund | TER | AUM (USD) | Overlap |
|---|---|---|---|
| iShares Bitcoin ETP IB1T.PA | 0.15% | 1.03B | 0.0% |
| WisdomTree Physical Bitcoin BTCW.SW | 0.15% | 1.19B | 0.0% |
| abrdn Physical Gold Shares ETF SGOL | 0.17% | 6.81B | 0.0% |
| Invesco AAA CLO Floating Rate Note ETF ICLO | 0.19% | 508.14M | 0.0% |
| WisdomTree U.S. Efficient Core Fund NTSX | 0.20% | 1.37B | 0.0% |

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