ANEW vs. CLIX
ANEW (ProShares MSCI Transformational Changes ETF) and CLIX (ProShares Long Online/Short Stores ETF) are both exchange-traded funds - ANEW is a Large Cap Growth Equities fund tracking the MSCI Global Transformational Changes Index, while CLIX is a Long-Short fund tracking the ProShares Long Online/Short Stores Index. Both are passively managed. Over the past 5 years, ANEW returned 3.19%/yr vs -4.13%/yr for CLIX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. ANEW charges 0.45%/yr vs 0.65%/yr for CLIX.
Performance
ANEW vs. CLIX - Performance Comparison
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Returns By Period
In the year-to-date period, ANEW achieves a 3.21% return, which is significantly higher than CLIX's -0.57% return.
ANEW
- 1D
- -0.08%
- 1M
- -0.92%
- 6M
- 3.73%
- YTD
- 3.21%
- 1Y
- 5.24%
- 3Y*
- 11.60%
- 5Y*
- 3.19%
- 10Y*
- —
- ALL TIME*
- 5.25%
CLIX
- 1D
- 4.48%
- 1M
- 6.07%
- 6M
- 1.59%
- YTD
- -0.57%
- 1Y
- 12.03%
- 3Y*
- 16.69%
- 5Y*
- -4.13%
- 10Y*
- —
- ALL TIME*
- 4.99%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.31K | $6.60K | $7.92K | |
| $28.27K | $42.87K | $29.25K |
ANEW vs. CLIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ANEW ProShares MSCI Transformational Changes ETF | 3.21% | 12.01% | 19.37% | 22.81% | -29.62% | 6.95% | 5.40% |
CLIX ProShares Long Online/Short Stores ETF | -0.57% | 32.81% | 20.73% | 28.97% | -46.73% | -39.96% | 4.99% |
Correlation
The correlation between ANEW and CLIX is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.64 |
Correlation (3Y) Balances recent behavior with more history. | 0.66 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2020 | 0.72 |
The correlation between ANEW and CLIX has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
ANEW vs. CLIX — Risk / Return Rank
ANEW
CLIX
ANEW vs. CLIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Transformational Changes ETF (ANEW) and ProShares Long Online/Short Stores ETF (CLIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ANEW | CLIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.09 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.07 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.22 | 0.40 | -0.17 |
| Martin ratioReturn relative to average drawdown | 0.62 | 0.95 | -0.33 |
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Drawdowns
ANEW vs. CLIX - Drawdown Comparison
The maximum ANEW drawdown since its inception was -39.87%, smaller than the maximum CLIX drawdown of -73.21%. Use the drawdown chart below to compare losses from any high point for ANEW and CLIX.
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Drawdown Indicators
| ANEW | CLIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -73.21% | +33.34% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -19.57% | +3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -20.26% | -21.18% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -63.54% | +23.67% |
Current DrawdownCurrent decline from peak | -1.82% | -41.26% | +39.44% |
Average DrawdownAverage peak-to-trough decline | -13.08% | -34.86% | +21.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.76% | 8.15% | -2.39% |
Volatility
ANEW vs. CLIX - Volatility Comparison
The current volatility for ProShares MSCI Transformational Changes ETF (ANEW) is 3.29%, while ProShares Long Online/Short Stores ETF (CLIX) has a volatility of 6.82%. This indicates that ANEW experiences smaller price fluctuations and is considered to be less risky than CLIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ANEW | CLIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 6.82% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 17.43% | -6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.82% | 22.42% | -8.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.89% | 26.87% | -7.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.69% | 25.89% | -7.20% |
ANEW vs. CLIX - Expense Ratio Comparison
ANEW has a 0.45% expense ratio, which is lower than CLIX's 0.65% expense ratio.
Dividends
ANEW vs. CLIX - Dividend Comparison
ANEW's dividend yield for the trailing twelve months is around 0.53%, which matches CLIX's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
ANEW ProShares MSCI Transformational Changes ETF | 0.53% | 0.54% | 1.08% | 0.87% | 1.05% | 0.24% | 0.04% |
CLIX ProShares Long Online/Short Stores ETF | 0.53% | 0.46% | 0.46% | 0.00% | 0.00% | 0.00% | 1.33% |
Frequently Asked Questions
ANEW and CLIX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CLIX has higher volatility (6.82%) compared to ANEW (3.29%). In terms of maximum drawdown, ANEW dropped -39.87% vs CLIX's -73.21%.
On 5-year performance, ANEW leads with 3.19% vs -4.13% for CLIX. On fees, ANEW is cheaper at 0.45% per year. On volatility, ANEW has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ANEW has performed better with a 3.19% return vs -4.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ANEW is cheaper with a 0.45% expense ratio, compared with 0.65% for CLIX.
ANEW and CLIX have nearly identical dividend yields, around 0.53%.
ANEW is categorized as Large Cap Growth Equities, while CLIX is Long-Short. ANEW tracks MSCI Global Transformational Changes Index, while CLIX tracks ProShares Long Online/Short Stores Index. Their fees differ too: 0.45% for ANEW and 0.65% for CLIX.
CLIX currently has the higher Sharpe Ratio (0.35 vs 0.26), 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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