BRKW vs. SDP

Last updated Jul 18, 2026

BRKW (Roundhill BRKB WeeklyPay ETF) and SDP (ProShares UltraShort Utilities) are both exchange-traded funds - BRKW is a Derivative Income fund actively managed by Roundhill, while SDP is a Leveraged Equities fund tracking the Dow Jones U.S. Utilities Index (-200%). BRKW is actively managed, while SDP is passively managed. Over the past year, BRKW returned 0.45% vs -17.63% for SDP. At a correlation of -0.21, they often move in opposite directions. BRKW charges 0.99%/yr vs 0.95%/yr for SDP.

Performance

BRKW vs. SDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill BRKB WeeklyPay ETF (BRKW) and ProShares UltraShort Utilities (SDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRKW achieves a -4.63% return, which is significantly higher than SDP's -11.68% return.

BRKW

• 1D: -0.28%
• 1M: -0.22%
• 6M: -2.21%
• YTD: -4.63%
• 1Y: 0.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDP

• 1D: 2.00%
• 1M: -3.47%
• 6M: -8.90%
• YTD: -11.68%
• 1Y: -17.63%
• 3Y*: -20.63%
• 5Y*: -16.69%
• 10Y*: -20.51%

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

BRKW vs. SDP - Yearly Performance Comparison

	2026 (YTD)	2025
BRKW Roundhill BRKB WeeklyPay ETF	-4.63%	1.85%
SDP ProShares UltraShort Utilities	-11.68%	-11.70%

Correlation

The correlation between BRKW and SDP is -0.18, 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	-0.18
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	-0.21

Return for Risk

BRKW vs. SDP — Risk / Return Rank

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

BRKW

BRKW Risk / Return Rank: 10
BRKW Sharpe Ratio Rank: 10
BRKW Sortino Ratio Rank: 10
BRKW Omega Ratio Rank: 10
BRKW Calmar Ratio Rank: 10
BRKW Martin Ratio Rank: 10

SDP

SDP Risk / Return Rank: 4
SDP Sharpe Ratio Rank: 5
SDP Sortino Ratio Rank: 5
SDP Omega Ratio Rank: 5
SDP Calmar Ratio Rank: 4
SDP Martin Ratio Rank: 3

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.

BRKW vs. SDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill BRKB WeeklyPay ETF (BRKW) and ProShares UltraShort Utilities (SDP). 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.

	BRKW	SDP	Difference
Sharpe ratio: Return per unit of total volatility	0.03	-0.59	+0.62
Sortino ratio: Return per unit of downside risk	0.16	-0.72	+0.88
Omega ratio: Gain probability vs. loss probability	1.02	0.92	+0.10
Calmar ratio: Return relative to maximum drawdown	0.04	-0.70	+0.73
Martin ratio: Return relative to average drawdown	0.07	-1.17	+1.24

BRKW vs. SDP - Sharpe Ratio Comparison

The current BRKW Sharpe Ratio is 0.03, which is higher than the SDP Sharpe Ratio of -0.59. The chart below compares the historical Sharpe Ratios of BRKW and SDP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BRKW vs. SDP - Drawdown Comparison

The maximum BRKW drawdown since its inception was -12.64%, smaller than the maximum SDP drawdown of -99.56%. Use the drawdown chart below to compare losses from any high point for BRKW and SDP.

Drawdown Indicators

	BRKW	SDP	Difference
Max Drawdown Largest peak-to-trough decline	-12.64%	-99.56%	+86.92%
Max Drawdown (1Y) Largest decline over 1 year	-12.64%	-25.44%	+12.80%
Max Drawdown (3Y) Largest decline over 3 years	—	-66.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.17%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-92.43%	—
Current Drawdown Current decline from peak	-7.67%	-99.52%	+91.85%
Average Drawdown Average peak-to-trough decline	-5.51%	-82.21%	+76.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.34%	15.16%	-8.82%

Volatility

BRKW vs. SDP - Volatility Comparison

The current volatility for Roundhill BRKB WeeklyPay ETF (BRKW) is 5.21%, while ProShares UltraShort Utilities (SDP) has a volatility of 9.24%. This indicates that BRKW experiences smaller price fluctuations and is considered to be less risky than SDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRKW	SDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	9.24%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	13.23%	23.74%	-10.51%
Volatility (1Y) Calculated over the trailing 1-year period	17.23%	30.04%	-12.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	34.43%	-17.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.22%	37.59%	-20.37%

BRKW vs. SDP - Expense Ratio Comparison

BRKW has a 0.99% expense ratio, which is higher than SDP's 0.95% expense ratio.

Dividends

BRKW vs. SDP - Dividend Comparison

BRKW's dividend yield for the trailing twelve months is around 25.38%, more than SDP's 4.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BRKW Roundhill BRKB WeeklyPay ETF	25.38%	14.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SDP ProShares UltraShort Utilities	4.20%	3.99%	4.66%	3.04%	0.56%	0.00%	0.13%	0.87%	0.05%

Frequently Asked Questions

Can I hold both BRKW and SDP in my portfolio?

BRKW and SDP have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRKW or SDP?

SDP has higher volatility (9.24%) compared to BRKW (5.21%). In terms of maximum drawdown, BRKW dropped -12.64% vs SDP's -99.56%.

Which ETF is better, BRKW or SDP?

On 1-year performance, BRKW leads with 0.45% vs -17.63% for SDP. On fees, SDP is cheaper at 0.95% per year. On volatility, BRKW has been the lower-risk option at 5.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BRKW or SDP?

Over the 1-year period, BRKW has performed better with a 0.45% return vs -17.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BRKW or SDP?

SDP is cheaper with a 0.95% expense ratio, compared with 0.99% for BRKW.

Which ETF pays a higher dividend yield, BRKW or SDP?

BRKW has the higher dividend yield at 25.38%, compared with 4.20% for SDP.

What is the main difference between BRKW and SDP?

BRKW is categorized as Derivative Income, while SDP is Leveraged Equities. They also come from different issuers: Roundhill and ProShares. Their fees differ too: 0.99% for BRKW and 0.95% for SDP.

Which has better risk-adjusted returns?

BRKW currently has the higher Sharpe Ratio (0.03 vs -0.59), 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.