{
 "ticker": "UDN",
 "name": "Invesco DB USD Index Bearish ETF",
 "issuer": "Invesco",
 "desk": "core",
 "url": "https://etfiq.com/funds/udn",
 "html": "https://etfiq.com/funds/udn",
 "markdown": "https://etfiq.com/funds/udn.md",
 "as_of": "2026-10-14",
 "verdict": "UDN holds short dollar index futures and returned \u22121.8% over the year to Oct 14, 2026.",
 "lead": "UDN returned \u22121.8% over the year to Oct 14, 2026, charges 0.68% a year and holds $101m in net assets on Oct 14, 2026.",
 "category": {
  "id": "commodities",
  "name": "Commodities",
  "label": "Commodity ETFs",
  "url": "https://etfiq.com/commodities/",
  "group": {
   "id": "currency",
   "name": "Currency"
  },
  "segment": {
   "id": "commodities-currency",
   "name": "Currency",
   "url": "https://etfiq.com/commodities/currency/"
  },
  "status": "classified",
  "as_of": "2026-10-15",
  "method": "https://etfiq.com/methodology/categories"
 },
 "key_facts": [
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u22121.8%",
   "source": null,
   "as_of": "2026-10-14",
   "sentence": "UDN, total return, 1 year: \u22121.8%, as of Oct 14, 2026."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.68%",
   "source": null,
   "as_of": "2026-10-14",
   "sentence": "UDN, expense ratio: 0.68%, as of Oct 14, 2026."
  },
  {
   "key": "contracts",
   "label": "Contracts (10-Q, Jun 30, 2026)",
   "value": "1",
   "source": "10-Q, Jun 30, 2026",
   "as_of": "2026-10-14",
   "sentence": "UDN, contracts (10-Q, Jun 30, 2026): 1, as of Oct 14, 2026."
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u221229.4%",
   "source": null,
   "as_of": "2026-10-14",
   "sentence": "UDN, below its high: \u221229.4%, as of Oct 14, 2026."
  },
  {
   "key": "12_month_yield_capital_gains_included_on_its_starting_price",
   "label": "12-month yield, capital gains included, on its starting price",
   "value": "2.9%",
   "source": null,
   "as_of": "2026-10-14",
   "sentence": "UDN, 12-month yield, capital gains included, on its starting price: 2.9%, as of Oct 14, 2026."
  },
  {
   "key": "last_payment",
   "label": "Last payment (paid annual), ex-date Dec 22, 2025",
   "value": "$0.5355",
   "source": null,
   "as_of": "2026-10-14",
   "sentence": "UDN, last payment (paid annual), ex-date Dec 22, 2025: $0.5355, as of Oct 14, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$101m",
   "source": "issuer page, as of Oct 14, 2026",
   "as_of": "2026-10-14",
   "sentence": "UDN, net assets: $101m (issuer page, as of Oct 14, 2026)."
  }
 ],
 "fields": [
  {
   "key": "what_it_holds",
   "label": "What it holds",
   "value": "Short dollar index futures",
   "source": null
  },
  {
   "key": "fund_type",
   "label": "Fund type",
   "value": "Currency fund",
   "source": null
  },
  {
   "key": "category",
   "label": "Category",
   "value": "Commodities \u00b7 Currency",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio_three_months_to_jun_30_2026",
   "label": "Expense ratio, three months to Jun 30, 2026",
   "value": "0.68%",
   "source": "10-Q, Aug 7, 2026"
  },
  {
   "key": "price",
   "label": "Price",
   "value": "$17.70",
   "source": null
  },
  {
   "key": "first_traded",
   "label": "First traded",
   "value": "Mar 1, 2007",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$101m",
   "source": "issuer page, as of Oct 14, 2026"
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "The daily inverse of the ICE U.S. Dollar Index, from Tiingo's rates at 4:00 PM New York time",
   "source": "ETFIQ, from its filings"
  },
  {
   "key": "benchmark_named_in",
   "label": "Benchmark named in",
   "value": "10-Q, Aug 7, 2026",
   "source": null
  },
  {
   "key": "udn_1_year_to_oct_14_2026",
   "label": "UDN, 1 year to Oct 14, 2026",
   "value": "\u22121.84%",
   "source": null
  },
  {
   "key": "usdx_inverted_the_same_days",
   "label": "USDX, inverted, the same days",
   "value": "\u22123.67%",
   "source": null
  },
  {
   "key": "against_its_benchmark_1_year",
   "label": "Against its benchmark, 1 year",
   "value": "+1.83 pts",
   "source": "ETFIQ"
  },
  {
   "key": "what_the_benchmark_leaves_out",
   "label": "What the benchmark leaves out",
   "value": "The pool holds futures on this index and Treasury bills, and its own index (Deutsche Bank\u2019s, excess return) tracks those futures and is not published free, so the gap includes the cost of rolling the futures and the Treasury income.",
   "source": null
  },
  {
   "key": "below_its_high",
   "label": "Below its high",
   "value": "\u221229.4%",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Total return": "\u22123.0%",
   "Benchmark (USDX, inverted)": "\u22123.0%",
   "Gap to USDX, inverted": "0.0 pts"
  },
  {
   "window": "3 months",
   "Total return": "\u22121.6%",
   "Benchmark (USDX, inverted)": "\u22122.0%",
   "Gap to USDX, inverted": "+0.4 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22123.6%",
   "Benchmark (USDX, inverted)": "\u22124.5%",
   "Gap to USDX, inverted": "+0.8 pts"
  },
  {
   "window": "Year to date",
   "Total return": "\u22123.0%",
   "Benchmark (USDX, inverted)": "\u22124.4%",
   "Gap to USDX, inverted": "+1.5 pts"
  },
  {
   "window": "1 year",
   "Total return": "\u22121.8%",
   "Benchmark (USDX, inverted)": "\u22123.7%",
   "Gap to USDX, inverted": "+1.8 pts"
  },
  {
   "window": "3 years",
   "Total return": "+10.4%",
   "Benchmark (USDX, inverted)": "+2.8%",
   "Gap to USDX, inverted": "+7.6 pts"
  },
  {
   "window": "5 years",
   "Total return": "\u22121.7%",
   "Benchmark (USDX, inverted)": "not available",
   "Gap to USDX, inverted": "not available"
  },
  {
   "window": "10 years",
   "Total return": "\u22122.5%",
   "Benchmark (USDX, inverted)": "not available",
   "Gap to USDX, inverted": "not available"
  },
  {
   "window": "Since launch",
   "Total return": "\u221215.1%",
   "Benchmark (USDX, inverted)": "not available",
   "Gap to USDX, inverted": "not available"
  },
  {
   "window": "Since launch, annualised",
   "Total return": "\u22120.8%",
   "Benchmark (USDX, inverted)": "\u2013",
   "Gap to USDX, inverted": "\u2013"
  }
 ],
 "questions": [
  {
   "q": "How has UDN performed?",
   "a": "Over the year to Oct 14, 2026, UDN returned \u22121.8% with distributions reinvested, against \u22123.7% for its benchmark, the daily inverse of the ICE U.S. Dollar Index. Over three years the figure is +10.4%."
  },
  {
   "q": "What does UDN cost?",
   "a": "Its expense ratio is 0.68% a year, for the three months to Jun 30, 2026, as its 10-Q states."
  },
  {
   "q": "How far is UDN below its high?",
   "a": "29.4% below its high of Mar 17, 2008, measured on the reinvested series to Oct 14, 2026."
  }
 ],
 "flows": {
  "as_of": "2026-10-14",
  "coverage": "daily",
  "computed_by": "ETFIQ, from the change in shares outstanding times the previous day\u2019s NAV",
  "method": "https://etfiq.com/methodology/flows",
  "data": "https://etfiq.com/data/flows/funds/udn.json",
  "windows": [
   {
    "window": "1 day",
    "from": "2026-10-14",
    "to": "2026-10-14",
    "net_flow_usd": 0,
    "net_flow": "$0",
    "round_trip_usd": 0,
    "days_counted": 1,
    "trading_days": 1
   }
  ],
  "daily_counts_start": "2026-10-12",
  "windows_without_daily_figure": [
   "1 week",
   "1 month",
   "3 months",
   "Year to date",
   "1 year"
  ]
 },
 "generated": "2026-10-15",
 "license": "https://etfiq.com/license/",
 "license_text": "Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.",
 "citation": "ETFIQ, UDN, currency fund, data as of Oct 14, 2026. https://etfiq.com/funds/udn"
}