3USL.L vs. UPRO
Compare and contrast key facts about WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) and ProShares UltraPro S&P 500 (UPRO).
3USL.L and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 3USL.L is managed by WisdomTree. It was launched on Dec 13, 2012. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 3USL.L or UPRO.
Key characteristics
| 3USL.L | UPRO | |
|---|---|---|
| YTD Return | 71.16% | 71.69% |
| 1Y Return | 101.00% | 101.47% |
| 3Y Return (Ann) | 9.22% | 9.33% |
| 5Y Return (Ann) | 24.45% | 24.84% |
| 10Y Return (Ann) | 23.51% | 24.66% |
| Sharpe Ratio | 3.04 | 2.84 |
| Sortino Ratio | 3.51 | 3.19 |
| Omega Ratio | 1.47 | 1.44 |
| Calmar Ratio | 2.63 | 2.63 |
| Martin Ratio | 17.58 | 17.02 |
| Ulcer Index | 5.95% | 6.04% |
| Daily Std Dev | 34.28% | 36.17% |
| Max Drawdown | -76.72% | -76.82% |
| Current Drawdown | -1.40% | -2.79% |
Correlation
The correlation between 3USL.L and UPRO is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
3USL.L vs. UPRO - Performance Comparison
The year-to-date returns for both investments are quite close, with 3USL.L having a 71.16% return and UPRO slightly higher at 71.69%. Both investments have delivered pretty close results over the past 10 years, with 3USL.L having a 23.51% annualized return and UPRO not far ahead at 24.66%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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3USL.L vs. UPRO - Expense Ratio Comparison
3USL.L has a 0.75% expense ratio, which is lower than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
3USL.L vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) and ProShares UltraPro S&P 500 (UPRO). 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.
Dividends
3USL.L vs. UPRO - Dividend Comparison
3USL.L has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 0.73%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.73% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
3USL.L vs. UPRO - Drawdown Comparison
The maximum 3USL.L drawdown since its inception was -76.72%, roughly equal to the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for 3USL.L and UPRO. For additional features, visit the drawdowns tool.
Volatility
3USL.L vs. UPRO - Volatility Comparison
The current volatility for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) is 10.80%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 11.51%. This indicates that 3USL.L experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.