Invesco DB US Dollar Index Bearish Fund Overview
Pro stress-test →UDN is an exchange-traded fund (ETF) managed by Invesco that provides inverse exposure to the U.S. dollar. The fund tracks the Deutsche Bank Short USD Currency Portfolio Index and seeks to gain value when the U.S. dollar depreciates relative to a basket of six major world currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc.
Strategic Profile
Pro stress-test →As a currency hedging and bearish-dollar speculation tool, UDN addresses investors seeking to protect against dollar strength or profit from currency depreciation. The fund is structured as a commodity pool tracking short USD Index futures contracts on ICE Futures US, with a low expense ratio of 0.78%, positioning it as a cost-effective mechanism for tactical currency positioning within diversified portfolios.
Competitive Landscape
Pro stress-test →UDN competes with other currency ETFs and inverse-dollar strategies. The primary direct competitor is UUP (Invesco DB US Dollar Index Bullish Fund), which offers bullish dollar exposure, while broader currency traders may use multi-currency ETFs such as FXE (Euro), FXY (Yen), and FXF (Swiss Franc) trusts offered by Invesco. The fund serves a specialized niche distinct from traditional asset class ETFs.
Industry Context
Invesco DB US Dollar Index Bearish Fund operates in Currency ETFs and forex hedging instruments.
Key facts
Founded: 2007 · Headquarters: New York, US · Employees: N/A · Revenue: N/A · Market cap: $142.21M