UDN Invesco DB US Dollar Index Bearish Fund
Quote as of Aug 26, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 18.34 | Day Range | 18.29 – 18.34 |
| 52-Week Range | 17.75 – 19.11 | Volume | 177.85K |
| Avg Volume | 108.83K | AUM | $101.7M (Aug 27, 2026) |
| Expense Ratio | 0.77% | Yield (TTM) | 2.92% |
| NAV | 18.33 | Premium/Discount | -0.16% indicative |
| Inception | Feb 20, 2007 | Holdings | 2 |
| Issuer | Invesco | Exchange | AMEX |
| Category | Financials | Index Tracked | Not stated in source data |
| CUSIP | 46141D104 | ISIN | US46141D1046 |
| Structure | Inverse | ||
| Management | Not stated in source data | ||
About this ETF
The Invesco DB US Dollar Index Bearish Fund (UDN) is designed to provide investors with exposure to the inverse performance of the U.S. dollar against a basket of key global currencies. Specifically, it aims to track the Deutsche Bank Short USD Currency Portfolio Index – Excess Return, while also incorporating net interest income generated from its holdings, primarily U.S. Treasury securities and money market instruments, after accounting for fund expenses. This Fund offers a streamlined and economical method for investors seeking to benefit from a decline in the U.S. dollar's value relative to six major world currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. The underlying Index follows a rules-based approach, comprising exclusively "short" U.S. Dollar Index futures contracts, which are actively traded on the ICE futures exchange. These USDX futures are engineered to replicate the financial outcome of holding a short position in the U.S. dollar against the aforementioned basket of international currencies. It is crucial to understand that this Fund may not be appropriate for all investors. Its investment strategy involves speculative trading in inherently volatile futures markets. The frequent and significant price fluctuations characteristic of futures contracts could lead to substantial financial losses. For a comprehensive understanding of the risks involved, investors are strongly advised to consult the "Risk and Other Information" section and the Fund's Prospectus. For information regarding the Fund's qualified notices concerning IRS Section 1446(f) Rule for Publicly Traded Partnerships (PTPs), please visit our dedicated ETF tax center. Additionally, the Form 1065 Schedule K-3 FAQ for Invesco DB Funds (under the Securities Act of 1933) is available on the same platform.
Description from the fund data provider · profile as of Aug 27, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +2.86% | +0.82% | -0.11% | +0.55% | -1.50% | -0.56% | -2.58% | -1.84% | -1.57% |
| Total return | +2.86% | +0.82% | -0.11% | +0.55% | +1.44% | +3.94% | +0.19% | -0.18% | -0.62% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.77% | Annual cost of a $10,000 investment | $77.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 22, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 3 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | Invesco Government & Agency Portfolio | AGPXX | 98.52% | 99.44M | $99.4M |
| 2 | CASH COLLATERAL | — | 1.28% | 1.29M | $1.3M |
| 3 | USD Pending Dividends | — | 0.20% | 0 | $203.3K |
Click a ticker to see every ETF that owns it.
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 2.92% | Paid (last 12 months) | $0.5355 |
| Frequency | Special | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Dec 22, 2025 | Last payment | $0.5355 (Dec 26, 2025) |
| Growth 1Y | -39.85% | Growth 3Y / 5Y (ann.) | +61.14% / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 22, 2025 | Dec 22, 2025 | Dec 26, 2025 | $0.5355 |
| Dec 23, 2024 | Dec 23, 2024 | Dec 27, 2024 | $0.8904 |
| Dec 18, 2023 | Dec 19, 2023 | Dec 22, 2023 | $0.9608 |
| Dec 19, 2022 | Dec 20, 2022 | Dec 23, 2022 | $0.1280 |
| Dec 23, 2019 | Dec 24, 2019 | Dec 31, 2019 | $0.2830 |
| Dec 24, 2018 | Dec 26, 2018 | Dec 31, 2018 | $0.2650 |
| Dec 18, 2017 | Dec 19, 2017 | Dec 29, 2017 | $0.0240 |
| Dec 15, 2008 | — | — | $0.1500 |
| Dec 17, 2007 | — | — | $0.4000 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 5.66% / 6.75% | Sharpe 1Y / 3Y | -0.373 / 0.072 |
| Max drawdown 1Y / 3Y | -5.12% / -8.60% | Sortino 1Y | -0.558 |
| Beta vs S&P 500 (3Y) | 0.035 | Correlation vs S&P 500 (1Y) | 0.264 |
| Downside deviation 1Y | 3.79% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 177.85K | Average volume | 108.83K |
| AUM | $101.7M | Premium/Discount | -0.16% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | -$178.4K | -0.18% | $101.8M → $101.6M |
| 1 Week | $726.2K | +0.72% | $101.0M → $101.6M |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for UDN
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.