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BIV vs. UPRO

Last updated May 27, 2023

Compare and contrast key facts about Vanguard Intermediate-Term Bond ETF (BIV) and ProShares UltraPro S&P 500 (UPRO).

BIV and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BIV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 5. It was launched on Apr 3, 2007. 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. Both BIV and UPRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIV or UPRO.

Key characteristics


BIVUPRO
YTD Return2.20%24.12%
1Y Return-2.95%-7.25%
5Y Return (Ann)1.43%11.99%
10Y Return (Ann)1.63%21.88%
Sharpe Ratio-0.32-0.03
Daily Std Dev8.89%63.14%
Max Drawdown-18.95%-76.82%

Correlation

-0.20
-1.001.00

The correlation between BIV and UPRO is -0.20. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

BIV vs. UPRO - Performance Comparison

In the year-to-date period, BIV achieves a 2.20% return, which is significantly lower than UPRO's 24.12% return. Over the past 10 years, BIV has underperformed UPRO with an annualized return of 1.63%, while UPRO has yielded a comparatively higher 21.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-20.00%-15.00%-10.00%-5.00%0.00%5.00%December2023FebruaryMarchAprilMay
1.29%
2.12%
BIV
UPRO

Compare stocks, funds, or ETFs


ProShares UltraPro S&P 500

BIV vs. UPRO - Dividend Comparison

BIV's dividend yield for the trailing twelve months is around 3.32%, more than UPRO's 0.63% yield.


TTM20222021202020192018201720162015201420132012
BIV
Vanguard Intermediate-Term Bond ETF
3.32%2.43%3.54%3.16%3.03%3.26%3.13%2.85%3.70%4.99%5.53%6.86%
UPRO
ProShares UltraPro S&P 500
0.63%0.52%0.06%0.11%0.54%0.64%0.00%0.12%0.35%0.22%0.07%0.05%

BIV vs. UPRO - Expense Ratio Comparison

BIV has a 0.04% expense ratio, which is lower than UPRO's 0.92% expense ratio.

BIV vs. UPRO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Bond ETF (BIV) 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BIV
Vanguard Intermediate-Term Bond ETF
-0.32
UPRO
ProShares UltraPro S&P 500
-0.03

BIV vs. UPRO - Sharpe Ratio Comparison

The current BIV Sharpe Ratio is -0.32, which is lower than the UPRO Sharpe Ratio of -0.03. The chart below compares the 12-month rolling Sharpe Ratio of BIV and UPRO.


-1.50-1.00-0.500.00December2023FebruaryMarchAprilMay
-0.32
-0.03
BIV
UPRO

BIV vs. UPRO - Drawdown Comparison

The maximum BIV drawdown for the period was -15.83%, higher than the maximum UPRO drawdown of -59.37%. The drawdown chart below compares losses from any high point along the way for BIV and UPRO


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%December2023FebruaryMarchAprilMay
-13.49%
-47.36%
BIV
UPRO

BIV vs. UPRO - Volatility Comparison

The current volatility for Vanguard Intermediate-Term Bond ETF (BIV) is 2.24%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 11.30%. This indicates that BIV 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.


0.00%5.00%10.00%15.00%20.00%December2023FebruaryMarchAprilMay
2.24%
11.30%
BIV
UPRO