UUP: Invesco DB US Dollar Index Bullish Fund

What does UUP hold?#

This fund holds futures contracts that gain value when the US dollar gets stronger against six other major currencies, such as the euro and the Japanese yen. It also holds Treasury bills and money market funds. It falls when the dollar gets weaker, and it sends a K-1 tax form instead of a 1099.

It tracks the Deutsche Bank Long USD Currency Portfolio Index - Excess Return.

What is the UUP expense ratio?#

UUP charges 0.75% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.75% fee comes to about $75 a year.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

How has UUP done since 2007?#

From March 2007 to October 2026, UUP returned about 1.8% a year. Say you put in $10,000 at the start. It would have been worth about $14,074 at the end, with every dividend reinvested.

Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

UUP returns by year#

What was UUP’s worst drop?#

A drawdown is how far a fund falls from its last high point. UUP’s worst fall was −22.2%, from November 20, 2008 to July 26, 2011. It got back to that high on July 31, 2019.

The chart shows how far below its last high the fund was on each day. Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

Which Tactfolio strategies hold UUP?#

One classic strategy holds UUP at least some of the time. Each is a set of written rules you can open, test and copy.

• Defense First (Carlson’s defensive tactical model), by Thomas D. Carlson, 2025

Test UUP in your own rules#

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the builder, add UUP, and see how a rule such as “hold it only above its 200-day average” would have done. Strategies run on daily prices and hold US stocks and ETFs only.

The details#

Prices come from Tactfolio’s stored daily prices for UUP. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns.

Fund facts come from Invesco. We checked them on October 16, 2026. Read what a backtest simulates and how to read drawdown and CAGR for more on these measures.