BRKL vs. UPRO

Last updated Aug 6, 2026

BRKL (Corgi BRKB 2x Daily ETF) and UPRO (ProShares UltraPro S&P 500) are both Leveraged Equities funds. BRKL is actively managed, while UPRO is passively managed. Their 0.04 correlation means their historical movements had little consistent relationship. BRKL charges 0.45%/yr vs 0.89%/yr for UPRO.

Performance

BRKL vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Corgi BRKB 2x Daily ETF (BRKL) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BRKL

• 1D: 0.57%
• 1M: 4.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

UPRO

• 1D: -0.58%
• 1M: 6.11%
• 6M: 32.14%
• YTD: 32.97%
• 1Y: 63.27%
• 3Y*: 48.77%
• 5Y*: 20.64%
• 10Y*: 29.14%
• ALL TIME*: 33.76%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKL Corgi BRKB 2x Daily ETF	$8.20K	$16.10K	$16.10K
UPRO ProShares UltraPro S&P 500	$352.82M	$308.79M	$360.24M

BRKL vs. UPRO - Yearly Performance Comparison

	2026 (YTD)
BRKL Corgi BRKB 2x Daily ETF	4.11%
UPRO ProShares UltraPro S&P 500	6.11%

Correlation

The correlation between BRKL and UPRO is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	0.04

Return for Risk

BRKL vs. UPRO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BRKL

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

UPRO

UPRO Risk / Return Rank: 59
UPRO Sharpe Ratio Rank: 61
UPRO Sortino Ratio Rank: 54
UPRO Omega Ratio Rank: 55
UPRO Calmar Ratio Rank: 58
UPRO Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BRKL vs. UPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Corgi BRKB 2x Daily ETF (BRKL) 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.

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.

	BRKL	UPRO	Difference
Sharpe ratio: Return per unit of total volatility	—	1.65	—
Sortino ratio: Return per unit of downside risk	—	2.16	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	2.37	—
Martin ratio: Return relative to average drawdown	—	9.08	—

Drawdowns

BRKL vs. UPRO - Drawdown Comparison

The maximum BRKL drawdown since its inception was -7.03%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for BRKL and UPRO.

Drawdown Indicators

	BRKL	UPRO	Difference
Max Drawdown Largest peak-to-trough decline	-7.03%	-76.82%	+69.79%
Max Drawdown (1Y) Largest decline over 1 year	—	-26.78%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-48.87%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-63.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-76.82%	—
Current Drawdown Current decline from peak	0.00%	-0.58%	+0.58%
Average Drawdown Average peak-to-trough decline	-3.57%	-14.34%	+10.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.99%	—

Volatility

Volatility by Period

	BRKL	UPRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.22%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	29.20%	38.47%	-9.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.20%	50.78%	-21.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.20%	53.82%	-24.62%

BRKL vs. UPRO - Expense Ratio Comparison

BRKL has a 0.45% expense ratio, which is lower than UPRO's 0.89% expense ratio.

Dividends

BRKL vs. UPRO - Dividend Comparison

BRKL has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 0.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRKL Corgi BRKB 2x 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%
UPRO ProShares UltraPro S&P 500	0.70%	0.84%	0.93%	0.74%	0.52%	0.06%	0.11%	0.41%	0.63%	0.00%	0.12%	0.34%

Frequently Asked Questions

Can I hold both BRKL and UPRO in my portfolio?

BRKL and UPRO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BRKL or UPRO?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BRKL or UPRO?

BRKL is cheaper with a 0.45% expense ratio, compared with 0.89% for UPRO.

Which ETF pays a higher dividend yield, BRKL or UPRO?

UPRO has the higher dividend yield at 0.70%, compared with 0.00% for BRKL.

What is the main difference between BRKL and UPRO?

They also come from different issuers: Corgi and ProShares. Their fees differ too: 0.45% for BRKL and 0.89% for UPRO.