AMT vs. USD
AMT (American Tower Corporation) is a stock, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 10 years, AMT returned 8.14%/yr vs 62.16%/yr for USD. At a 0.31 correlation, their price movements are largely independent.
Performance
AMT vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, AMT achieves a 4.84% return, which is significantly lower than USD's 114.00% return. Over the past 10 years, AMT has underperformed USD with an annualized return of 8.14%, while USD has yielded a comparatively higher 62.16% annualized return.
AMT
- 1D
- -1.77%
- 1M
- 0.75%
- YTD
- 4.84%
- 6M
- 5.49%
- 1Y
- -11.45%
- 3Y*
- 1.89%
- 5Y*
- -4.38%
- 10Y*
- 8.14%
USD
- 1D
- -1.14%
- 1M
- 44.53%
- YTD
- 114.00%
- 6M
- 111.06%
- 1Y
- 274.62%
- 3Y*
- 127.67%
- 5Y*
- 69.52%
- 10Y*
- 62.16%
AMT vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AMT American Tower Corporation | 4.84% | -0.92% | -12.16% | 5.37% | -25.67% | 32.89% | -0.48% | 47.87% | 13.32% | 37.71% |
USD ProShares Ultra Semiconductors | 114.00% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between AMT and USD is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | 0.31 |
The correlation between AMT and USD shifts across timeframes, from -0.18 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
AMT vs. USD — Risk / Return Rank
AMT
USD
AMT vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Tower Corporation (AMT) and ProShares Ultra Semiconductors (USD). 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.
| AMT | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.03 | ||
| Sortino ratioReturn per unit of downside risk | -4.35 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.51 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 8.70 | -9.13 |
| Martin ratioReturn relative to average drawdown | -0.63 | 25.16 | -25.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AMT | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.50 | 4.53 | -5.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | 0.91 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.90 | -0.59 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.49 | -0.29 |
Drawdowns
AMT vs. USD - Drawdown Comparison
The maximum AMT drawdown since its inception was -98.70%, which is greater than USD's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for AMT and USD.
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Drawdown Indicators
| AMT | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.70% | -88.63% | -10.07% |
Max Drawdown (1Y)Largest decline over 1 year | -26.67% | -31.80% | +5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -27.54% | -64.46% | +36.92% |
Max Drawdown (5Y)Largest decline over 5 years | -45.34% | -77.85% | +32.51% |
Max Drawdown (10Y)Largest decline over 10 years | -45.34% | -77.85% | +32.51% |
Current DrawdownCurrent decline from peak | -30.49% | -1.14% | -29.35% |
Average DrawdownAverage peak-to-trough decline | -27.02% | -32.35% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.22% | 10.97% | +7.25% |
Volatility
AMT vs. USD - Volatility Comparison
The current volatility for American Tower Corporation (AMT) is 7.26%, while ProShares Ultra Semiconductors (USD) has a volatility of 20.36%. This indicates that AMT experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AMT | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.26% | 20.36% | -13.10% |
Volatility (6M)Calculated over the trailing 6-month period | 18.40% | 46.39% | -27.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.21% | 61.22% | -38.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.23% | 76.55% | -50.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.12% | 69.23% | -43.11% |
Dividends
AMT vs. USD - Dividend Comparison
AMT's dividend yield for the trailing twelve months is around 3.78%, more than USD's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMT American Tower Corporation | 3.78% | 3.87% | 3.53% | 2.99% | 2.77% | 1.78% | 2.02% | 1.64% | 1.99% | 1.84% | 2.05% | 1.87% |
USD ProShares Ultra Semiconductors | 0.21% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
AMT and USD have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (20.36%) compared to AMT (7.26%). In terms of maximum drawdown, AMT dropped -98.70% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (4.53 vs -0.49), 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.
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