UUP vs VOO
Invesco DB US Dollar Index Bullish Fund vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | UUP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.75% | 0.03% | |
| AUM | $430M | $979.0B | |
| Dividend Yield | 3.26% | 1.09% | |
| Holdings | 5 | 509 | |
| YTD Return | +3.80% | +13.44% | |
| 1Y Return | +5.67% | +22.62% | |
| 3Y Return (annualized) | +2.60% | +21.47% | |
| 5Y Return (annualized) | +4.59% | +13.27% | |
| Volatility (annualized) | 7.7% | 14.1% | |
| Max Drawdown | -22.2% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Feb 20, 2007 | Sep 7, 2010 |
UUP vs VOO Performance
Invesco DB US Dollar Index Bullish Fund (UUP) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year UUP returned +5.67% while VOO returned +22.62%. Year to date, UUP is up 3.80% versus a gain of 13.44% for VOO.
Over three years, UUP compounded at +2.60% per year against +21.47% for VOO; over five years the annualized figures are +4.59% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs +1.38%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 7.7% for UUP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.2% for UUP and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at -0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
UUP charges 0.75% per year while VOO charges 0.03%. On a $10,000 position that is $75 vs $3 annually, a gap of $72 per year that compounds over a long holding period. On income, UUP currently yields 3.26% against 1.09% for VOO.
Holdings Overlap
UUP and VOO share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, UUP or VOO?
UUP has an expense ratio of 0.75% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $72 per year of difference.
Which performed better, UUP or VOO?
Over the past year UUP returned +5.67% vs +22.62% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), UUP annualized +1.38% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, UUP or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 7.7% for UUP. Worst drawdown: UUP -22.2% vs VOO -34.3%.
Should I hold both UUP and VOO?
UUP and VOO have a monthly-return correlation of -0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between UUP and VOO?
UUP and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, UUP or VOO?
UUP yields 3.26% while VOO yields 1.09%, so UUP currently pays the higher dividend yield.
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