BEX vs. USD

Last updated Jun 4, 2026

BEX (Tradr 2X Long BE Daily ETF) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds. BEX is actively managed, while USD is passively managed. At a 0.31 correlation, their price movements are largely independent. BEX charges 1.30%/yr vs 0.95%/yr for USD.

Performance

BEX vs. USD - Performance Comparison

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

Returns By Period

BEX

• 1D: -10.37%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

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

BEX vs. USD - Yearly Performance Comparison

	2026 (YTD)
BEX Tradr 2X Long BE Daily ETF	-11.47%
USD ProShares Ultra Semiconductors	10.71%

Correlation

The correlation between BEX and USD is 0.31, 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 May 27, 2026	0.31

Return for Risk

BEX vs. USD — Risk / Return Rank

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

USD

USD Risk / Return Rank: 90
USD Sharpe Ratio Rank: 97
USD Sortino Ratio Rank: 83
USD Omega Ratio Rank: 83
USD Calmar Ratio Rank: 95
USD Martin Ratio Rank: 93

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.

BEX vs. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long BE Daily ETF (BEX) 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.

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

Sharpe Ratios by Period

	BEX	USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	4.53	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.91	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.90	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.59	0.49	-1.08

Drawdowns

BEX vs. USD - Drawdown Comparison

The maximum BEX drawdown since its inception was -18.65%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for BEX and USD.

Drawdown Indicators

	BEX	USD	Difference
Max Drawdown Largest peak-to-trough decline	-18.65%	-88.63%	+69.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-31.80%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-64.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-77.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.85%	—
Current Drawdown Current decline from peak	-11.47%	-1.14%	-10.33%
Average Drawdown Average peak-to-trough decline	-9.41%	-32.35%	+22.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	10.97%	—

Volatility

Volatility by Period

	BEX	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	20.36%	—
Volatility (6M) Calculated over the trailing 6-month period	—	46.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	184.67%	61.22%	+123.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	184.67%	76.55%	+108.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	184.67%	69.23%	+115.44%

BEX vs. USD - Expense Ratio Comparison

BEX has a 1.30% expense ratio, which is higher than USD's 0.95% expense ratio.

Dividends

BEX vs. USD - Dividend Comparison

BEX has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BEX Tradr 2X Long BE Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Can I hold both BEX and USD in my portfolio?

BEX and USD have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEX or USD?

On fees, USD 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, BEX or USD?

USD is cheaper with a 0.95% expense ratio, compared with 1.30% for BEX.

Which ETF pays a higher dividend yield, BEX or USD?

USD has the higher dividend yield at 0.21%, compared with 0.00% for BEX.

What is the main difference between BEX and USD?

They also come from different issuers: Tradr and ProShares. Their fees differ too: 1.30% for BEX and 0.95% for USD.