UDN
Invesco DB US Dollar Index Bearish Fund -1x Shares
7월 28일 4:00 PM ET (한국 7/29 05:00)
$17.83
+0.01 ▲ +0.06%
🌙 7월 28일 5:39 PM ET (한국 7/29 06:39)
$17.83
+0.00 +0.00%
UDN ETF is analyzed across 10 metrics including expense ratio, holdings, sector allocation, dividends, RSI, and MACD.
Total Expense Ratio
0.78%
Annual operating cost
Net Assets (AUM)
$107M
약 1465억원
Holdings
3 items
Dividend Yield
-
Management Style
Passive
| Category | Currency - Leveraged / Inverse | Asset Type | Currency | Return% 1Y | -2.47% | Total Holdings | 3 | Perf Week | -0.22% |
| ETF Type | US Currency | Active/Passive | Passive | Return% 3Y | 1.85% | AUM | $107M | Perf Month | 0.06% |
| Expense | 0.78% | NAV | $17.82 | Return% 5Y | -0.45% | 52W High | -5.01% | Perf Quarter | -2.57% |
| Dividend TTM | - | Div Gr. 3/5Y | - | Return% 10Y | -0.37% | 52W Low | 0.45% | Perf Half Y | -3.67% |
| Flows% 1M | -6.25% | Flows% YTD | -21.15% | Return% SI | -0.77% | Volatility(W/M) | 0.18% 0.27% | Perf YTD | -2.25% |
| SMA20 | -0.34% | SMA50 | -0.93% | SMA200 | -1.69% | RSI (14) | 40.64 | Beta | 0.22 |
| IPO | 2007/2/20 | Prev Close | $17.82 | Perf Year | -1.26% | Avg Volume | 0.11M | Price | $17.83 |
Invesco DB US Dollar Index Bearish Fund -1x Shares (UDN) Investment Analysis
ETF Overview
Invesco DB US Dollar Index Bearish Fund -1x Shares · Currency - Leveraged / Inverse
일반 ETF — 카테고리 기반 분석만 제공됩니다
2007년 상장, 19년 운영 중.
Invesco DB US Dollar Index Bearish Fund는 Deutsche Bank Short US Dollar Index Futures Index 수준의 양·음 변동을 추종합니다. 지수는 3월·6월·9월·12월에 만료되는 DX 계약 숏 포지션의 시간에 따른 시장가치 변동을 반영합니다. 이 펀드는 DX 계약 숏 포지션을 설정하여 지수를 추종합니다. DX 계약은 미국 달러 지수(USDX)의 기초 6개 통화(유로, 일본 엔, 영국 파운드, 캐나다 달러, 스웨덴 크로나, 스위스 프랑)와 연계됩니다.
📘 UDN ETF 자세히 알아보기 →U.S.currencyfuturesUSD
- 규모
- $107M 약 1465억원
- 운용사
- Invesco
- 운용 방식
- 패시브 (지수 추종)
- 상장일
- 2007년
Cost Efficiency
Annual Expense Ratio · Category Rank · Long-Term Cost Impact
Average expense ratio — 0.78% annually
Mid-range within the Currency - Leveraged / Inverse category.
Effective Annual Expense Ratio (Net Expense Ratio)
평균권0.78%
My positionMid-range
Low range Average High range
Actual Cost Simulation by Investment Amount
$100.0M
Annual Expense Ratio
$780K
Pay $230K more per year vs. category average
Category Median Annual Cost
$550K
Based on expense ratio of 0.55%
10-Year Cumulative Expense Ratio (Long-term simulation assuming 7% annual market growth)
$13.9M
14.3% of returns you could have earned goes to the fund manager due to fees
Because the expense ratio takes a slice of your assets every year, costs compound over 10 years and result in far greater losses than a simple sum (annual fee × 10). The 7% annual return assumption is based on the S&P 500's long-term average.
Defaults shown against $100K baseline portfolio. Adjust the slider to update the amount in real time.
Long-Term Performance
1-year · 3-year · 5-year · 10-year returns · vs. benchmark · drawdown defense
Returns slightly below average
하위 25% vs. 전체 ETF.-20.3%p vs. benchmark (SPY) over 1Y.
ℹ️ The "1Y·3Y·5Y·10Y" periods below represent annualized returns (CAGR) measured backward from today. Example: "3Y +12%" means the investment grew at a compounded 12% per year over the past three years.
If you had invested 10 year(s) ago
$100.0M
Today's value
$96.4M
→
Total loss
$-3,638,999
Annualized -0.4%
1 Year
2025.07 ~ 2026.07
Annualized -2.47%
하위 25%Trailed the benchmark by 20.3%p annually
My positionBottom 25%
Low range Average High range
3 Years
2023.07 ~ 2026.07
Annualized +1.85% Cumulative +5.7%
하위 25%Trailed the benchmark by 17.4%p annually
My positionBottom 25%
Low range Average High range
5 Years
2021.07 ~ 2026.07
Annualized -0.45% Cumulative -2.2%
하위 25%Trailed the benchmark by 13.7%p annually
My positionBottom 25%
Low range Average High range
10Y
2016.07 ~ 2026.07
Annualized -0.37% Cumulative -3.6%
하위 25%Trailed the benchmark by 15.3%p annually
My positionBottom 25%
Low range Average High range
10Y Cumulative Total Return Curve
2016-07-29 start, based on a 100M KRW base — read the curve values directly as units of 100M KRW (e.g., 308 → 3.08억 / 308M KRW). Both this ETF and the benchmark are rebased to 100 on the same start date for comparison.
UDN · Price Only UDN · Price + Cumulative Dividends UDN · Dividend Reinvested S&P 500 (SPY)
50
150
250
350
450
ℹ️ Price Only: Excludes dividends and tracks pure stock price only. Covered-call and high-dividend ETFs often show a flat or declining line on this view, which is meaningful from a "principal preservation" standpoint. Price + Cumulative Dividend: Share count stays the same and received dividends are accumulated as cash. Closely matches your actual account total assets. Reinvested: Dividends are immediately used to buy additional shares (adjClose-based, the industry standard for total return). The wider the gap between the three lines, the easier it is to gauge the effectiveness of the dividend strategy.
Annual Return Comparison
ETF returns vs S&P 500 (SPY) by calendar year
UDN S&P 500 (SPY)
+40%
0%
−40%
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026 YTD
ℹ️ Returns from January 1 to December 31 of each year. The current year (2026) column is dimmed to indicate YTD (incomplete). If blue is higher than gray, the ETF outperformed the benchmark in that year.
Win rate vs S&P 500 (SPY)
1 / 9Y
Lags behind benchmark (11%)
+ 2026 YTD: Behind (-2.1% vs 8.7%)
2017 ✗
2018 ✗
2019 ✗
2020 ✗
2021 ✗
2022 ✓
2023 ✗
2024 ✗
2025 ✗
2026 ✗ YTD
ℹ️ Number of winning years versus S&P 500 (SPY) within a completed calendar year (1/1–12/31). The current year (YTD) is reported separately.
Downside Capture
10%
Falls less than the benchmark in drawdowns — strong downside protection
<85% (Defend) 85~110% (Track) >110% (Lag)
ℹ️ Average % drop of this ETF when S&P 500 (SPY) is −1%. Based on daily returns over the past 3 years (only days where the benchmark is negative).
Risk Profile
Volatility · Beta · Max Drawdown · Sharpe · Drawdown Recovery History
Overall Risk Grade
Low Risk
Less volatile than the market average, making it relatively easy to hold over time.
Beta (market sensitivity)
상위 25%0.22
If the market rises +10% +2.2%
If the market falls -10% -2.2%
My positionTop 25%
Low range Average High range
ℹ️ A beta of 1.0 moves in line with the market. Above 1 means it moves more than the market; below 1 means less.
Average daily range (last 1 month)
평균권±0.27%
S&P 500 typically ±1.0~1.3% · Bond funds ±0.3% · Leveraged ETFs ±3% or more
Annual volatility trend (past 10 years)
ℹ️ This ETF's average daily price swing. 1% means "on average, moves about ±1% per day." The rolling curve below shows the annualized volatility (long-term standard measure) over time.
Max Drawdown · Past 10 years
-25.7%
2015-08-03 Worst -24% 2026-07-01
ℹ️ Maximum drawdown is the largest peak-to-trough decline in the past. It represents the worst-case loss a long-term investor must psychologically endure.
Sharpe Ratio (Risk-Adjusted Return)
-0.46
Poor — Underperforms the risk-free rate
ℹ️ Annualized return minus the risk-free rate (3% annualized), divided by annualized volatility. A value above 1.0 is generally considered good risk-adjusted performance.
Estimated Monthly Maximum Loss (VaR 95%)
-2.9%
Historically, monthly losses exceeding this figure occurred only5%of the time.
ℹ️ A statistical estimate meaning "with 95% probability, monthly losses will not exceed this amount." The remaining 5% corresponds to crisis-level events such as financial crises or pandemics.
Overall investment appeal
What this ETF fits best — strengths, weaknesses, and target investor profile
Strengths and weaknesses both present Check the fit below to see whether it matches your investing goal.
🎯 목적별 적합도
내가 이 ETF를 어떤 목적으로 활용할 수 있는지 확인하세요.
보통
매우 낮음
매우 낮음
낮음
이런 분에게 어울려요
Long-term and recurring investors
✅ 강점
뚜렷한 강점이 드러나지 않아요.
⚠️ 약점·주의사항
- 📈Long-term returns trail the average
- 🎯Trails benchmark by -13.7%p annually
FAQ
What kind of ETF is UDN?
UDN is an ETF in the Currency - Leveraged / Inverse category, managed by Invesco.
How many holdings does UDN have?
UDN holds a total of 3 securities, with an AUM of approximately $107M.
What is the 52-week high and low for UDN?
UDN has recorded a 52-week high of $18.77 and a low of $17.75.
면책조항: 본 콘텐츠는 참고 자료이며 투자 권유가 아닙니다. 모든 투자의 책임은 투자자 본인에게 있습니다.