ASTX vs. ULE

Last updated Jun 24, 2026

ASTX (Tradr 2X Long ASTS Daily ETF) and ULE (ProShares Ultra Euro) are both exchange-traded funds - ASTX is a Leveraged Equities fund actively managed by Tradr, while ULE is a Leveraged Currency fund tracking the USD/EUR Exchange Rate (-200%). ASTX is actively managed, while ULE is passively managed. At a 0.10 correlation, their price movements are largely independent. ASTX charges 1.30%/yr vs 0.95%/yr for ULE.

Performance

ASTX vs. ULE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long ASTS Daily ETF (ASTX) and ProShares Ultra Euro (ULE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASTX achieves a -52.35% return, which is significantly lower than ULE's -6.71% return.

ASTX

• 1D: -0.86%
• 1M: -60.80%
• YTD: -52.35%
• 6M: -66.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ULE

• 1D: -0.90%
• 1M: -3.82%
• YTD: -6.71%
• 6M: -6.28%
• 1Y: -5.14%
• 3Y*: 2.10%
• 5Y*: -3.75%
• 10Y*: -2.52%

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

ASTX vs. ULE - Yearly Performance Comparison

	2026 (YTD)	2025
ASTX Tradr 2X Long ASTS Daily ETF	-52.35%	63.68%
ULE ProShares Ultra Euro	-6.71%	-0.08%

Correlation

The correlation between ASTX and ULE is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.10

Return for Risk

ASTX vs. ULE — Risk / Return Rank

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

ASTX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ULE

ULE Risk / Return Rank: 5
ULE Sharpe Ratio Rank: 6
ULE Sortino Ratio Rank: 5
ULE Omega Ratio Rank: 5
ULE Calmar Ratio Rank: 5
ULE Martin Ratio Rank: 4

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.

ASTX vs. ULE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long ASTS Daily ETF (ASTX) and ProShares Ultra Euro (ULE). 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.

	ASTX	ULE	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.39	—
Sortino ratio: Return per unit of downside risk	—	-0.49	—
Omega ratio: Gain probability vs. loss probability	—	0.94	—
Calmar ratio: Return relative to maximum drawdown	—	-0.46	—
Martin ratio: Return relative to average drawdown	—	-0.99	—

Drawdowns

ASTX vs. ULE - Drawdown Comparison

The maximum ASTX drawdown since its inception was -80.72%, which is greater than ULE's maximum drawdown of -72.74%. Use the drawdown chart below to compare losses from any high point for ASTX and ULE.

Drawdown Indicators

	ASTX	ULE	Difference
Max Drawdown Largest peak-to-trough decline	-80.72%	-72.74%	-7.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.29%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.44%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-38.11%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.30%	—
Current Drawdown Current decline from peak	-80.72%	-63.58%	-17.14%
Average Drawdown Average peak-to-trough decline	-45.59%	-46.10%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.21%	—

Volatility

Volatility by Period

	ASTX	ULE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.75%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.99%	—
Volatility (1Y) Calculated over the trailing 1-year period	214.01%	13.15%	+200.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	214.01%	16.09%	+197.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	214.01%	15.11%	+198.90%

ASTX vs. ULE - Expense Ratio Comparison

ASTX has a 1.30% expense ratio, which is higher than ULE's 0.95% expense ratio.

Dividends

ASTX vs. ULE - Dividend Comparison

Neither ASTX nor ULE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ASTX and ULE in my portfolio?

ASTX and ULE have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASTX or ULE?

On fees, ULE is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASTX or ULE?

ULE is cheaper with a 0.95% expense ratio, compared with 1.30% for ASTX.

Which ETF pays a higher dividend yield, ASTX or ULE?

ASTX and ULE have nearly identical dividend yields, around 0.00%.

What is the main difference between ASTX and ULE?

ASTX is categorized as Leveraged Equities, while ULE is Leveraged Currency. They also come from different issuers: Tradr and ProShares. Their fees differ too: 1.30% for ASTX and 0.95% for ULE.