Invesco DB US Dollar Index Bearish Fund (UDN)

NYSE Arca: UDNExchange-traded fund from Invesco.

  • Expense ratio0.78%
  • Net assets$98.4M
  • Dividend yield2.87%
  • 1-year return-1.11%
  • Holdings1

UDN ETF price chart

UDN quote & trading statistics

UDN performance

Annual returns & drawdowns →
  • YTD-1.95%
  • 1 year-1.11%
  • 3 years+3.39%/yr
  • 5 years-0.20%/yr
  • 10 years-0.11%/yr
1Y volatility
5.76%
3Y volatility
6.90%
3Y Sharpe ratio
-0.11

Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.

UDN holdings

#SymbolNameWeight
1AGPXXInvesco Short-Term Investments Trust Government & Agency Portfolio Institutional1040.52%

This holding makes up 1040.5% of the fund. As of October 25, 2026.

UDN asset allocation

Cash
100.0%

About Invesco DB US Dollar Index Bearish Fund

The index reflects the changes in market value over time, whether positive or negative, of a short position in the DX Contract which expires during the months of March, June, September and December. The fund seeks to track the index by establishing short positions in DX Contracts. DX Contracts are linked to the six underlying currencies, or the index currencies, of the U.S. Dollar index (USDX), or the USDX. The index currencies are Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona and Swiss Franc.

UDN ETF FAQ

What is the UDN expense ratio?

Invesco DB US Dollar Index Bearish Fund has a net expense ratio of 0.78%, or $78.00 a year for every $10,000 invested.

How much money is in UDN?

Invesco DB US Dollar Index Bearish Fund has about $98.4M in net assets.

What are the top holdings of UDN?

The largest positions in UDN are Invesco Short-Term Investments Trust Government & Agency Portfolio Institutional (1040.52%). The fund holds 1 securities in total.

How has UDN performed?

UDN returned -1.11% over the past year and -0.20% a year over the past five years, including reinvested distributions.

Does UDN pay dividends?

UDN has a dividend yield of 2.87% and pays distributions annual.

When was UDN launched?

Invesco DB US Dollar Index Bearish Fund began trading on February 20, 2007.