AHKSY vs. UPRO

Last updated Jun 4, 2026

AHKSY (Asahi Kaisei Corp) is a stock, while UPRO (ProShares UltraPro S&P 500) is Leveraged Equities fund tracking the S&P 500. Over the past 10 years, AHKSY returned 6.29%/yr vs 30.09%/yr for UPRO. At a 0.38 correlation, their price movements are largely independent.

Performance

AHKSY vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Asahi Kaisei Corp (AHKSY) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AHKSY achieves a 23.33% return, which is significantly lower than UPRO's 27.90% return. Over the past 10 years, AHKSY has underperformed UPRO with an annualized return of 6.29%, while UPRO has yielded a comparatively higher 30.09% annualized return.

AHKSY

• 1D: -0.43%
• 1M: 13.27%
• YTD: 23.33%
• 6M: 32.58%
• 1Y: 56.19%
• 3Y*: 17.81%
• 5Y*: -0.23%
• 10Y*: 6.29%

UPRO

• 1D: -2.09%
• 1M: 14.64%
• YTD: 27.90%
• 6M: 26.67%
• 1Y: 80.84%
• 3Y*: 52.58%
• 5Y*: 23.13%
• 10Y*: 30.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AHKSY vs. UPRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AHKSY Asahi Kaisei Corp	23.33%	31.38%	-6.36%	6.93%	-24.48%	-8.93%	-8.46%	9.79%	-20.61%	50.86%
UPRO ProShares UltraPro S&P 500	27.90%	31.88%	63.57%	68.53%	-56.84%	98.64%	10.09%	102.30%	-25.11%	71.37%

Correlation

The correlation between AHKSY and UPRO is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009	0.38

The correlation between AHKSY and UPRO shifts across timeframes, from 0.19 (1 year) to 0.39 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

AHKSY vs. UPRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AHKSY

AHKSY Risk / Return Rank: 83
AHKSY Sharpe Ratio Rank: 86
AHKSY Sortino Ratio Rank: 86
AHKSY Omega Ratio Rank: 82
AHKSY Calmar Ratio Rank: 81
AHKSY Martin Ratio Rank: 80

UPRO

UPRO Risk / Return Rank: 62
UPRO Sharpe Ratio Rank: 68
UPRO Sortino Ratio Rank: 57
UPRO Omega Ratio Rank: 58
UPRO Calmar Ratio Rank: 60
UPRO Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AHKSY vs. UPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Asahi Kaisei Corp (AHKSY) 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.

	AHKSY	UPRO	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.30	-0.44
Sortino ratio: Return per unit of downside risk	2.73	2.76	-0.04
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	2.78	3.03	-0.25
Martin ratio: Return relative to average drawdown	6.70	12.80	-6.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AHKSY vs. UPRO - Sharpe Ratio Comparison

The current AHKSY Sharpe Ratio is 1.86, which is comparable to the UPRO Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of AHKSY and UPRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AHKSY	UPRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.30	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	0.46	-0.47
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.23	0.56	-0.34
Sharpe Ratio (All Time) Calculated using the full available price history	-0.13	0.65	-0.78

Drawdowns

AHKSY vs. UPRO - Drawdown Comparison

The maximum AHKSY drawdown since its inception was -86.30%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for AHKSY and UPRO.

Drawdown Indicators

	AHKSY	UPRO	Difference
Max Drawdown Largest peak-to-trough decline	-86.30%	-76.82%	-9.48%
Max Drawdown (1Y) Largest decline over 1 year	-20.28%	-26.78%	+6.50%
Max Drawdown (3Y) Largest decline over 3 years	-20.28%	-48.87%	+28.59%
Max Drawdown (5Y) Largest decline over 5 years	-47.30%	-63.94%	+16.64%
Max Drawdown (10Y) Largest decline over 10 years	-64.71%	-76.82%	+12.11%
Current Drawdown Current decline from peak	-64.81%	-2.09%	-62.72%
Average Drawdown Average peak-to-trough decline	-67.64%	-14.42%	-53.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.41%	6.33%	+2.08%

Volatility

AHKSY vs. UPRO - Volatility Comparison

Asahi Kaisei Corp (AHKSY) has a higher volatility of 9.92% compared to ProShares UltraPro S&P 500 (UPRO) at 8.45%. This indicates that AHKSY's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AHKSY	UPRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.92%	8.45%	+1.47%
Volatility (6M) Calculated over the trailing 6-month period	23.25%	26.60%	-3.35%
Volatility (1Y) Calculated over the trailing 1-year period	30.35%	35.35%	-5.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.57%	50.32%	-24.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.05%	53.74%	-25.69%

Dividends

AHKSY vs. UPRO - Dividend Comparison

AHKSY has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 0.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AHKSY Asahi Kaisei Corp	0.00%	1.58%	1.75%	1.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.99%	2.07%	2.39%
UPRO ProShares UltraPro S&P 500	0.68%	0.84%	0.93%	0.74%	0.52%	0.06%	0.11%	0.41%	0.63%	0.00%	0.12%	0.34%

Frequently Asked Questions

Can I hold both AHKSY and UPRO in my portfolio?

AHKSY and UPRO have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AHKSY or UPRO?

AHKSY has higher volatility (9.92%) compared to UPRO (8.45%). In terms of maximum drawdown, AHKSY dropped -86.30% vs UPRO's -76.82%.

Which has better risk-adjusted returns?

UPRO currently has the higher Sharpe Ratio (2.30 vs 1.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.