BHMG.L vs. UPRO
Compare and contrast key facts about BH Macro Limited (BHMG.L) and ProShares UltraPro S&P 500 (UPRO).
UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BHMG.L or UPRO.
Key characteristics
| BHMG.L | UPRO | |
|---|---|---|
| YTD Return | 0.54% | 48.36% |
| 1Y Return | 0.00% | 69.48% |
| 3Y Return (Ann) | 1.30% | 9.50% |
| 5Y Return (Ann) | 6.12% | 23.78% |
| 10Y Return (Ann) | 6.27% | 23.56% |
| Sharpe Ratio | 0.08 | 1.94 |
| Daily Std Dev | 16.67% | 38.02% |
| Max Drawdown | -35.94% | -76.82% |
| Current Drawdown | -27.93% | -5.32% |
Correlation
The correlation between BHMG.L and UPRO is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BHMG.L vs. UPRO - Performance Comparison
In the year-to-date period, BHMG.L achieves a 0.54% return, which is significantly lower than UPRO's 48.36% return. Over the past 10 years, BHMG.L has underperformed UPRO with an annualized return of 6.27%, while UPRO has yielded a comparatively higher 23.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BHMG.L vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BH Macro Limited (BHMG.L) and ProShares UltraPro S&P 500 (UPRO). 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.
Dividends
BHMG.L vs. UPRO - Dividend Comparison
BHMG.L has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 0.65%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHMG.L BH Macro Limited | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.65% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
BHMG.L vs. UPRO - Drawdown Comparison
The maximum BHMG.L drawdown since its inception was -35.94%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for BHMG.L and UPRO. For additional features, visit the drawdowns tool.
Volatility
BHMG.L vs. UPRO - Volatility Comparison
The current volatility for BH Macro Limited (BHMG.L) is 5.65%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 11.85%. This indicates that BHMG.L experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.