ANEW vs. USD
Compare and contrast key facts about ProShares MSCI Transformational Changes ETF (ANEW) and ProShares Ultra Semiconductors (USD).
ANEW and USD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ANEW is a passively managed fund by ProShares that tracks the performance of the MSCI Global Transformational Changes Index. It was launched on Oct 14, 2020. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. Both ANEW and USD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ANEW vs. USD - Performance Comparison
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ANEW vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ANEW ProShares MSCI Transformational Changes ETF | -9.00% | 12.01% | 19.37% | 22.81% | -29.62% | 6.95% | 5.77% |
USD ProShares Ultra Semiconductors | -4.90% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 21.00% |
Returns By Period
In the year-to-date period, ANEW achieves a -9.00% return, which is significantly lower than USD's -4.90% return.
ANEW
- 1D
- 0.63%
- 1M
- -6.94%
- YTD
- -9.00%
- 6M
- -11.62%
- 1Y
- 2.04%
- 3Y*
- 10.33%
- 5Y*
- 1.88%
- 10Y*
- —
USD
- 1D
- 4.03%
- 1M
- -7.90%
- YTD
- -4.90%
- 6M
- -1.21%
- 1Y
- 145.25%
- 3Y*
- 90.90%
- 5Y*
- 44.58%
- 10Y*
- 50.62%
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ANEW vs. USD - Expense Ratio Comparison
ANEW has a 0.45% expense ratio, which is lower than USD's 0.95% expense ratio.
Return for Risk
ANEW vs. USD — Risk / Return Rank
ANEW
USD
ANEW vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares MSCI Transformational Changes ETF (ANEW) 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.
| ANEW | USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.11 | 1.90 | -1.79 |
Sortino ratioReturn per unit of downside risk | 0.30 | 2.44 | -2.14 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.34 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 0.14 | 4.67 | -4.53 |
Martin ratioReturn relative to average drawdown | 0.47 | 12.81 | -12.34 |
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
| ANEW | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.11 | 1.90 | -1.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.59 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.41 | -0.24 |
Correlation
The correlation between ANEW and USD is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ANEW vs. USD - Dividend Comparison
ANEW's dividend yield for the trailing twelve months is around 0.69%, more than USD's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANEW ProShares MSCI Transformational Changes ETF | 0.69% | 0.54% | 1.08% | 0.87% | 1.05% | 0.24% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.48% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Drawdowns
ANEW vs. USD - Drawdown Comparison
The maximum ANEW drawdown since its inception was -39.87%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for ANEW and USD.
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Drawdown Indicators
| ANEW | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -88.63% | +48.76% |
Max Drawdown (1Y)Largest decline over 1 year | -16.12% | -31.80% | +15.68% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -77.85% | +37.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -13.44% | -21.24% | +7.80% |
Average DrawdownAverage peak-to-trough decline | -13.56% | -32.60% | +19.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.91% | 11.60% | -6.69% |
Volatility
ANEW vs. USD - Volatility Comparison
The current volatility for ProShares MSCI Transformational Changes ETF (ANEW) is 5.44%, while ProShares Ultra Semiconductors (USD) has a volatility of 21.67%. This indicates that ANEW 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
| ANEW | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 21.67% | -16.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 48.73% | -38.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.56% | 77.08% | -58.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.83% | 76.24% | -57.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.94% | 68.85% | -49.91% |