All charts and data below are CPI-U inflation-adjusted and with dividends reinvested. (Why?)

Total Real Returns

UDN: Total Real Return Chart (Dividends Reinvested, Inflation Adjusted)

UDN real return snapshot: after CPI-U inflation, UDN returned −3.32% over the past year and −3.04% YTD, with dividends reinvested. Since Feb. 20, 2007, UDN is down −46.45% in real purchasing-power return, or −3.14%/yr, and is currently −53.70% below its real total-return high on Mar. 17, 2008.

Data ending Fri Sep. 11, 2026

Growth of $10,000

Tue 2007-02-20💬 to Fri 2026-09-11 Overall
Return 		Exponential
Trendline
UDN × 		−46.45%
−3.14%/yr 		−4.26%/yr
R2=0.935
Invesco DB US Dollar Index Bearish Fund Exchange-Traded Fund

Growth of $10,000 Summary

Tue 2007-02-20💬 to Fri 2026-09-11 Start
Value 		End
Value
UDN × 		$10,000.00
2007-02-20 		$5,355.07
2026-09-11

This Year’s Performance

through 2026-09-11

  YTD YoY
UDN × 		−3.04% −3.32%

Drawdowns

  Current
Drawdown 		Worst
Drawdown
UDN × 		−53.70%
on 2026-09-11
from 2008-03-17 peak 		−58.19%
on 2022-09-27
from 2008-03-17 peak

Rolling Returns

Period ending Fri 2026-09-11 1 yr 2 yr 3 yr 5 yr 10 yr
UDN × 		−3.32% −0.61%
−0.31%/yr 		+2.77%
+0.92%/yr 		−18.26%
−3.95%/yr 		−29.69%
−3.46%/yr

Annual Returns

Year UDN
2026 (YTD) −3.04%
2025 +9.45%
2024 −7.20%
2023 +1.48%
2022 −13.55%
2021 −13.14%
2020 +4.74%
2019 −3.16%
2018 −6.79%
2017 +7.24%
2016 −6.42%
2015 −10.50%
2014 −12.85%
2013 −2.02%
2012 −0.39%
2011 −3.78%
2010 −3.05%
2009 +2.40%
2008 −4.60%
2007 +8.42%