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etf
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etf

Last updated Jul 25, 2024

Asset Allocation

TMF 7.69%BOIL 7.69%UCO 7.69%AGQ 7.69%BITX 7.69%TQQQ 7.69%UDOW 7.69%NUGT 7.69%URTY 7.69%NAIL 7.69%SOXL 7.69%DRN 7.69%UVXY 7.69%BondBondCommodityCommodityCryptocurrencyCryptocurrencyEquityEquityReal EstateReal EstateVolatilityVolatility
PositionCategory/SectorWeight
AGQ
ProShares Ultra Silver		Leveraged Commodities, Leveraged

7.69%

BITX
Volatility Shares 2x Bitcoin Strategy ETF		Blockchain, Leveraged

7.69%

BOIL
ProShares Ultra Bloomberg Natural Gas		Leveraged Commodities, Leveraged

7.69%

DRN
Direxion Daily Real Estate Bull 3x Shares		REIT, Leveraged

7.69%

NAIL
Direxion Daily Homebuilders & Supplies Bull 3X Shares		Leveraged Equities, Leveraged

7.69%

NUGT
Direxion Daily Gold Miners Bull 2X Shares		Leveraged Equities, Leveraged

7.69%

SOXL
Direxion Daily Semiconductor Bull 3x Shares		Leveraged Equities, Leveraged

7.69%

TMF
Direxion Daily 20-Year Treasury Bull 3X		Leveraged Bonds, Leveraged

7.69%

TQQQ
ProShares UltraPro QQQ		Leveraged Equities, Leveraged

7.69%

UCO
ProShares Ultra Bloomberg Crude Oil		Leveraged Commodities, Leveraged

7.69%

UDOW
ProShares UltraPro Dow30		Leveraged Equities, Leveraged

7.69%

URTY
ProShares UltraPro Russell2000		Leveraged Equities, Leveraged

7.69%

UVXY
ProShares Ultra VIX Short-Term Futures ETF		Leveraged, Volatility

7.69%

S&P 500

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in etf, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Quarterly

0.00%10.00%20.00%30.00%40.00%FebruaryMarchAprilMayJuneJuly
28.86%
23.31%
etf
Benchmark (^GSPC)
Portfolio components

The earliest data available for this chart is Jun 27, 2023, corresponding to the inception date of BITX

Returns By Period

Year-To-Date1 month6 months1 year5 years (annualized)10 years (annualized)
^GSPC
S&P 500		13.20%-1.28%10.32%18.23%12.31%10.58%
etf14.25%2.43%20.49%23.82%N/AN/A
Portfolio components:
TQQQ
ProShares UltraPro QQQ		25.72%-15.03%14.97%49.76%30.14%34.48%
TMF
Direxion Daily 20-Year Treasury Bull 3X		-22.91%-3.41%-8.15%-27.51%-26.21%-10.36%
BITX
Volatility Shares 2x Bitcoin Strategy ETF		64.05%8.19%72.94%180.32%N/AN/A
UDOW
ProShares UltraPro Dow30		12.09%5.30%9.46%30.96%9.43%19.23%
BOIL
ProShares Ultra Bloomberg Natural Gas		-65.61%-43.30%-59.92%-83.86%-66.98%-61.34%
UCO
ProShares Ultra Bloomberg Crude Oil		19.54%-5.88%3.55%6.48%-22.64%-35.00%
NUGT
Direxion Daily Gold Miners Bull 2X Shares		23.43%13.66%52.45%24.32%-22.93%-31.42%
AGQ
ProShares Ultra Silver		22.75%-8.20%35.18%11.50%3.58%-6.92%
URTY
ProShares UltraPro Russell2000		17.55%30.66%28.22%19.68%-6.09%3.18%
NAIL
Direxion Daily Homebuilders & Supplies Bull 3X Shares		21.24%43.81%32.68%63.92%22.85%N/A
UVXY
ProShares Ultra VIX Short-Term Futures ETF		-33.36%20.22%-25.61%-67.21%-70.25%-65.01%
DRN
Direxion Daily Real Estate Bull 3x Shares		-6.13%17.99%7.08%4.63%-14.75%-2.70%
SOXL
Direxion Daily Semiconductor Bull 3x Shares		27.15%-27.38%17.39%51.48%26.32%38.28%

Monthly Returns

The table below presents the monthly returns of etf, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-6.25%11.21%10.23%-11.57%11.29%-1.75%14.25%
20231.68%5.91%-9.19%-12.23%-1.20%14.44%16.23%12.79%

Expense Ratio

etf has a high expense ratio of 1.09%, indicating higher-than-average management fees. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.

BITX
Volatility Shares 2x Bitcoin Strategy ETF
Expense ratio chart for BITX: current value at 1.85% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.85%
BOIL
ProShares Ultra Bloomberg Natural Gas
Expense ratio chart for BOIL: current value at 1.31% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.31%
NUGT
Direxion Daily Gold Miners Bull 2X Shares
Expense ratio chart for NUGT: current value at 1.23% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.23%
TMF
Direxion Daily 20-Year Treasury Bull 3X
Expense ratio chart for TMF: current value at 1.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.09%
NAIL
Direxion Daily Homebuilders & Supplies Bull 3X Shares
Expense ratio chart for NAIL: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
DRN
Direxion Daily Real Estate Bull 3x Shares
Expense ratio chart for DRN: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
SOXL
Direxion Daily Semiconductor Bull 3x Shares
Expense ratio chart for SOXL: current value at 0.99% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.99%
TQQQ
ProShares UltraPro QQQ
Expense ratio chart for TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
UDOW
ProShares UltraPro Dow30
Expense ratio chart for UDOW: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
UCO
ProShares Ultra Bloomberg Crude Oil
Expense ratio chart for UCO: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
URTY
ProShares UltraPro Russell2000
Expense ratio chart for URTY: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
UVXY
ProShares Ultra VIX Short-Term Futures ETF
Expense ratio chart for UVXY: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
AGQ
ProShares Ultra Silver
Expense ratio chart for AGQ: current value at 0.93% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.93%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of etf is 17, indicating that it is in the bottom 17% of portfolios on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.

The Risk-Adjusted Performance Rank of etf is 1717
etf
The Sharpe Ratio Rank of etf is 1313Sharpe Ratio Rank
The Sortino Ratio Rank of etf is 1515Sortino Ratio Rank
The Omega Ratio Rank of etf is 1313Omega Ratio Rank
The Calmar Ratio Rank of etf is 3232Calmar Ratio Rank
The Martin Ratio Rank of etf is 1414Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

etf
Sharpe ratio
The chart of Sharpe ratio for etf, currently valued at 0.65, compared to the broader market-1.000.001.002.003.004.000.65
Sortino ratio
The chart of Sortino ratio for etf, currently valued at 1.15, compared to the broader market-2.000.002.004.006.001.15
Omega ratio
The chart of Omega ratio for etf, currently valued at 1.13, compared to the broader market0.801.001.201.401.601.801.13
Calmar ratio
The chart of Calmar ratio for etf, currently valued at 0.83, compared to the broader market0.002.004.006.008.000.83
Martin ratio
The chart of Martin ratio for etf, currently valued at 1.94, compared to the broader market0.0010.0020.0030.0040.001.94
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.58, compared to the broader market-1.000.001.002.003.004.001.58
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.22, compared to the broader market-2.000.002.004.006.002.22
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.28, compared to the broader market0.801.001.201.401.601.801.28
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.29, compared to the broader market0.002.004.006.008.001.29
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 5.98, compared to the broader market0.0010.0020.0030.0040.005.98
Portfolio components
Sharpe ratioSortino ratioOmega ratioCalmar ratioMartin ratio
TQQQ
ProShares UltraPro QQQ		0.971.471.191.424.39
TMF
Direxion Daily 20-Year Treasury Bull 3X		-0.63-0.700.92-0.62-1.09
BITX
Volatility Shares 2x Bitcoin Strategy ETF		1.732.441.293.467.79
UDOW
ProShares UltraPro Dow30		0.981.471.181.103.10
BOIL
ProShares Ultra Bloomberg Natural Gas		-0.87-2.030.79-0.98-1.36
UCO
ProShares Ultra Bloomberg Crude Oil		0.170.531.060.230.46
NUGT
Direxion Daily Gold Miners Bull 2X Shares		0.220.751.090.320.71
AGQ
ProShares Ultra Silver		0.110.581.070.190.37
URTY
ProShares UltraPro Russell2000		0.300.861.100.370.83
NAIL
Direxion Daily Homebuilders & Supplies Bull 3X Shares		0.741.471.181.142.47
UVXY
ProShares Ultra VIX Short-Term Futures ETF		-0.88-1.640.83-0.83-1.19
DRN
Direxion Daily Real Estate Bull 3x Shares		-0.020.371.04-0.02-0.04
SOXL
Direxion Daily Semiconductor Bull 3x Shares		0.631.341.161.092.40

Sharpe Ratio

The current etf Sharpe ratio is 0.76. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Compared to the broad market, where average Sharpe ratios range from 1.24 to 1.94, this portfolio's current Sharpe ratio places it in the bottom 25%. This suggests that it may not be performing as well in terms of risk-adjusted returns compared to many other portfolios. The lower performance could be due to either lower returns, higher volatility, or a combination of both. This might indicate that the portfolio requires some fine-tuning. You can use the Portfolio Optimization tool to find an allocation that maximizes the Sharpe ratio.

Use the chart below to compare the Sharpe ratio of etf with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.001.502.002.50Jun 30Tue 02Thu 04Sat 06Mon 08Wed 10Fri 12Jul 14Tue 16Thu 18Sat 20Mon 22Wed 24
0.65
1.58
etf
Benchmark (^GSPC)
Portfolio components

Dividends

Dividend yield

etf granted a 1.44% dividend yield in the last twelve months.

TTM20232022202120202019201820172016201520142013
etf1.44%0.83%0.60%0.36%0.34%0.43%0.61%0.21%0.43%0.02%0.04%0.07%
Portfolio components:
TQQQ
ProShares UltraPro QQQ		1.36%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%0.00%
TMF
Direxion Daily 20-Year Treasury Bull 3X		3.57%2.82%1.62%0.13%2.23%0.94%1.49%0.41%0.00%0.00%0.00%0.57%
BITX
Volatility Shares 2x Bitcoin Strategy ETF		7.18%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UDOW
ProShares UltraPro Dow30		0.89%0.95%0.83%0.26%0.19%0.61%0.73%0.13%0.67%0.21%0.46%0.35%
BOIL
ProShares Ultra Bloomberg Natural Gas		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UCO
ProShares Ultra Bloomberg Crude Oil		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
NUGT
Direxion Daily Gold Miners Bull 2X Shares		1.78%1.67%0.70%0.00%0.00%0.63%0.57%0.00%0.00%0.00%0.00%0.00%
AGQ
ProShares Ultra Silver		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
URTY
ProShares UltraPro Russell2000		0.48%0.55%0.28%0.00%0.00%0.18%0.28%0.00%0.03%0.00%0.00%0.00%
NAIL
Direxion Daily Homebuilders & Supplies Bull 3X Shares		0.21%0.22%0.00%0.00%0.01%0.17%0.35%1.25%0.00%0.00%0.00%0.00%
UVXY
ProShares Ultra VIX Short-Term Futures ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
DRN
Direxion Daily Real Estate Bull 3x Shares		2.57%2.84%2.70%4.21%1.90%2.59%3.11%0.91%0.00%0.00%0.00%0.00%
SOXL
Direxion Daily Semiconductor Bull 3x Shares		0.71%0.51%1.07%0.04%0.05%0.38%1.30%0.09%4.84%0.00%0.00%0.00%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

-15.00%-10.00%-5.00%0.00%FebruaryMarchAprilMayJuneJuly
-9.05%
-4.73%
etf
Benchmark (^GSPC)
Portfolio components

Worst Drawdowns

The table below displays the maximum drawdowns of the etf. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the etf was 24.29%, occurring on Oct 3, 2023. Recovery took 51 trading sessions.

The current etf drawdown is 8.00%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-24.29%Jul 20, 202353Oct 3, 202351Dec 14, 2023104
-14.46%Apr 10, 202416May 1, 202410May 15, 202426
-10.87%Dec 28, 202326Feb 5, 202417Feb 29, 202443
-10.08%May 21, 202428Jul 1, 202410Jul 16, 202438
-9.05%Jul 17, 20247Jul 25, 2024———

Volatility

Volatility Chart

The current etf volatility is 9.23%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.

2.00%4.00%6.00%8.00%10.00%12.00%FebruaryMarchAprilMayJuneJuly
9.23%
3.80%
etf
Benchmark (^GSPC)
Portfolio components

Diversification

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.
BOILUCOBITXAGQTMFNUGTUVXYSOXLTQQQDRNNAILUDOWURTY
BOIL1.000.08-0.000.00-0.010.04-0.100.060.010.06-0.050.040.03
UCO0.081.00-0.030.16-0.120.15-0.000.070.04-0.06-0.000.060.13
BITX-0.00-0.031.000.080.040.08-0.130.160.180.180.180.190.28
AGQ0.000.160.081.000.170.76-0.060.150.180.250.170.210.29
TMF-0.01-0.120.040.171.000.31-0.180.140.220.460.430.260.32
NUGT0.040.150.080.760.311.00-0.150.250.260.420.350.350.46
UVXY-0.10-0.00-0.13-0.06-0.18-0.151.00-0.50-0.61-0.38-0.45-0.57-0.52
SOXL0.060.070.160.150.140.25-0.501.000.840.320.500.430.56
TQQQ0.010.040.180.180.220.26-0.610.841.000.370.510.590.56
DRN0.06-0.060.180.250.460.42-0.380.320.371.000.590.650.68
NAIL-0.05-0.000.180.170.430.35-0.450.500.510.591.000.630.75
UDOW0.040.060.190.210.260.35-0.570.430.590.650.631.000.71
URTY0.030.130.280.290.320.46-0.520.560.560.680.750.711.00
The correlation results are calculated based on daily price changes starting from Jun 28, 2023