BCS vs. SDS
BCS (Barclays PLC) is a stock, while SDS (ProShares UltraShort S&P500) is Leveraged Equities fund tracking the S&P 500 Index (-200%). Over the past 10 years, BCS returned 16.57%/yr vs -27.09%/yr for SDS. At a correlation of -0.60, they often move in opposite directions.
Performance
BCS vs. SDS - Performance Comparison
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Returns By Period
In the year-to-date period, BCS achieves a 8.52% return, which is significantly higher than SDS's -15.97% return. Over the past 10 years, BCS has outperformed SDS with an annualized return of 16.57%, while SDS has yielded a comparatively lower -27.09% annualized return.
BCS
- 1D
- -0.69%
- 1M
- 7.15%
- 6M
- 7.75%
- YTD
- 8.52%
- 1Y
- 51.32%
- 3Y*
- 54.63%
- 5Y*
- 27.45%
- 10Y*
- 16.57%
SDS
- 1D
- 1.56%
- 1M
- -2.02%
- 6M
- -12.91%
- YTD
- -15.97%
- 1Y
- -27.87%
- 3Y*
- -26.28%
- 5Y*
- -20.64%
- 10Y*
- -27.09%
BCS vs. SDS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCS Barclays PLC | 8.52% | 96.49% | 76.26% | 6.01% | -21.90% | 31.71% | -12.84% | 31.90% | -29.25% | 0.44% |
SDS ProShares UltraShort S&P500 | -15.97% | -26.79% | -29.45% | -31.53% | 30.69% | -43.02% | -49.91% | -41.17% | 6.04% | -32.02% |
Correlation
The correlation between BCS and SDS is -0.63, 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 | -0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 13, 2006 | -0.60 |
The correlation between BCS and SDS shifts across timeframes, from -0.63 (1 year) to -0.51 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
BCS vs. SDS — Risk / Return Rank
BCS
SDS
BCS vs. SDS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barclays PLC (BCS) and ProShares UltraShort S&P500 (SDS). 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.
| BCS | SDS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.86 | ||
| Sortino ratioReturn per unit of downside risk | +4.03 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.82 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 1.97 | -0.92 | +2.88 |
| Martin ratioReturn relative to average drawdown | 5.56 | -1.65 | +7.20 |
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Drawdowns
BCS vs. SDS - Drawdown Comparison
The maximum BCS drawdown since its inception was -94.36%, smaller than the maximum SDS drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for BCS and SDS.
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Drawdown Indicators
| BCS | SDS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.36% | -99.85% | +5.49% |
Max Drawdown (1Y)Largest decline over 1 year | -26.20% | -30.56% | +4.36% |
Max Drawdown (3Y)Largest decline over 3 years | -26.20% | -68.14% | +41.94% |
Max Drawdown (5Y)Largest decline over 5 years | -48.14% | -75.54% | +27.40% |
Max Drawdown (10Y)Largest decline over 10 years | -66.10% | -96.08% | +29.98% |
Current DrawdownCurrent decline from peak | -19.30% | -99.85% | +80.55% |
Average DrawdownAverage peak-to-trough decline | -38.38% | -82.80% | +44.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.26% | 16.94% | -7.68% |
Volatility
BCS vs. SDS - Volatility Comparison
Barclays PLC (BCS) has a higher volatility of 9.43% compared to ProShares UltraShort S&P500 (SDS) at 8.20%. This indicates that BCS's price experiences larger fluctuations and is considered to be riskier than SDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCS | SDS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.43% | 8.20% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 24.86% | 19.87% | +4.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.65% | 25.00% | +4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.07% | 33.86% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.33% | 35.80% | +0.53% |
Dividends
BCS vs. SDS - Dividend Comparison
BCS's dividend yield for the trailing twelve months is around 1.71%, less than SDS's 5.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCS Barclays PLC | 1.71% | 1.70% | 3.13% | 4.86% | 4.18% | 1.61% | 3.91% | 3.68% | 3.21% | 1.37% | 2.26% | 2.95% |
SDS ProShares UltraShort S&P500 | 5.34% | 5.88% | 7.89% | 5.77% | 0.35% | 0.00% | 0.92% | 1.84% | 1.28% | 0.09% | 0.00% | 0.00% |
Frequently Asked Questions
BCS and SDS have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCS has higher volatility (9.43%) compared to SDS (8.20%). In terms of maximum drawdown, BCS dropped -94.36% vs SDS's -99.85%.
BCS currently has the higher Sharpe Ratio (1.74 vs -1.12), 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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