We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Is Invesco DB US Dollar Index Bullish ETF (UUP) a Strong ETF Right Now?
Read MoreHide Full Article
A smart beta exchange traded fund, the Invesco DB US Dollar Index Bullish ETF (UUP - Free Report) debuted on 02/20/2007, and offers broad exposure to the Currency ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Because the fund has amassed over $211.74 million, this makes it one of the average sized ETFs in the Currency ETFs. UUP is managed by Invesco. This particular fund seeks to match the performance of the Deutsche Bank Long USD Currency Portfolio Index - Excess Return before fees and expenses.
The Deutsche Bank Long USD Currency Portfolio Index - Excess Return is a rules-based index composed solely of long U.S. Dollar Index futures contracts that trade on the ICE futures exchange.
Cost & Other Expenses
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
Operating expenses on an annual basis are 0.78% for UUP, making it the most expensive product in the space.
UUP's 12-month trailing dividend yield is 4.73%.
Sector Exposure and Top Holdings
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
When you look at individual holdings, Nybot Finex United States Dollar Index Future-09-15-2025 (DXU5) accounts for about 98.31% of the fund's total assets, followed by Invesco Government & Agency Portfolio (AGPXX) and Cash Collateral (FUTPLGCSH).
Its top 10 holdings account for approximately 198.58% of UUP's total assets under management.
Performance and Risk
The ETF has lost about -5.3% so far this year and is down about -0.35% in the last one year (as of 10/29/2025). In the past 52-week period, it has traded between $26.85 and $30.65
UUP has a beta of -0.21 and standard deviation of 8.06% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 3 holdings, it has more concentrated exposure than peers .
Alternatives
Invesco DB US Dollar Index Bullish ETF is a reasonable option for investors seeking to outperform the Currency ETFs segment of the market. However, there are other ETFs in the space which investors could consider.
Harbor Commodity All-Weather Strategy ETF (HGER) tracks QUANTIX COMMODITY INDEX and the Invesco DB Commodity Index Tracking ETF (DBC) tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. Harbor Commodity All-Weather Strategy ETF has $1.16 billion in assets, Invesco DB Commodity Index Tracking ETF has $1.26 billion. HGER has an expense ratio of 0.68% and DBC changes 0.87%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Currency ETFs
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Is Invesco DB US Dollar Index Bullish ETF (UUP) a Strong ETF Right Now?
A smart beta exchange traded fund, the Invesco DB US Dollar Index Bullish ETF (UUP - Free Report) debuted on 02/20/2007, and offers broad exposure to the Currency ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.
Based on specific fundamental characteristics, or a combination of such, these indexes attempt to pick stocks that have a better chance of risk-return performance.
Methodologies like equal-weighting, one of the simplest options out there, fundamental weighting, and volatility/momentum based weighting are all choices offered to investors in this space, but not all of them can deliver superior returns.
Fund Sponsor & Index
Because the fund has amassed over $211.74 million, this makes it one of the average sized ETFs in the Currency ETFs. UUP is managed by Invesco. This particular fund seeks to match the performance of the Deutsche Bank Long USD Currency Portfolio Index - Excess Return before fees and expenses.
The Deutsche Bank Long USD Currency Portfolio Index - Excess Return is a rules-based index composed solely of long U.S. Dollar Index futures contracts that trade on the ICE futures exchange.
Cost & Other Expenses
Expense ratios are an important factor in the return of an ETF and in the long-term, cheaper funds can significantly outperform their more expensive cousins, other things remaining the same.
Operating expenses on an annual basis are 0.78% for UUP, making it the most expensive product in the space.
UUP's 12-month trailing dividend yield is 4.73%.
Sector Exposure and Top Holdings
While ETFs offer diversified exposure, which minimizes single stock risk, a deep look into a fund's holdings is a valuable exercise. And, most ETFs are very transparent products that disclose their holdings on a daily basis.
When you look at individual holdings, Nybot Finex United States Dollar Index Future-09-15-2025 (DXU5) accounts for about 98.31% of the fund's total assets, followed by Invesco Government & Agency Portfolio (AGPXX) and Cash Collateral (FUTPLGCSH).
Its top 10 holdings account for approximately 198.58% of UUP's total assets under management.
Performance and Risk
The ETF has lost about -5.3% so far this year and is down about -0.35% in the last one year (as of 10/29/2025). In the past 52-week period, it has traded between $26.85 and $30.65
UUP has a beta of -0.21 and standard deviation of 8.06% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 3 holdings, it has more concentrated exposure than peers .
Alternatives
Invesco DB US Dollar Index Bullish ETF is a reasonable option for investors seeking to outperform the Currency ETFs segment of the market. However, there are other ETFs in the space which investors could consider.
Harbor Commodity All-Weather Strategy ETF (HGER) tracks QUANTIX COMMODITY INDEX and the Invesco DB Commodity Index Tracking ETF (DBC) tracks DBIQ Optimum Yield Diversified Commodity Index Excess Return. Harbor Commodity All-Weather Strategy ETF has $1.16 billion in assets, Invesco DB Commodity Index Tracking ETF has $1.26 billion. HGER has an expense ratio of 0.68% and DBC changes 0.87%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Currency ETFs
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.