BUYB vs. UVXY

Last updated Jun 30, 2026

BUYB (ProShares S&P 500 Buyback Aristocrats ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - BUYB is a Large Cap Blend Equities fund tracking the S&P 500 Buyback Index, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. At a correlation of -0.60, they often move in opposite directions. BUYB charges 0.39%/yr vs 0.95%/yr for UVXY.

Performance

BUYB vs. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Buyback Aristocrats ETF (BUYB) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BUYB

• 1D: 0.31%
• 1M: 2.91%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UVXY

• 1D: -5.55%
• 1M: -10.64%
• YTD: -28.44%
• 6M: -28.82%
• 1Y: -72.81%
• 3Y*: -61.83%
• 5Y*: -67.41%
• 10Y*: -72.67%

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

BUYB vs. UVXY - Yearly Performance Comparison

	2026 (YTD)
BUYB ProShares S&P 500 Buyback Aristocrats ETF	4.16%
UVXY ProShares Ultra VIX Short-Term Futures ETF	-29.31%

Correlation

The correlation between BUYB and UVXY is -0.60, 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 (All Time) Calculated using the full available price history since May 7, 2026	-0.60

Return for Risk

BUYB vs. UVXY — Risk / Return Rank

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

BUYB

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

UVXY

UVXY Risk / Return Rank: 2
UVXY Sharpe Ratio Rank: 3
UVXY Sortino Ratio Rank: 1
UVXY Omega Ratio Rank: 2
UVXY Calmar Ratio Rank: 0
UVXY Martin Ratio Rank: 2

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.

BUYB vs. UVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Buyback Aristocrats ETF (BUYB) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.

	BUYB	UVXY	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.86	—
Sortino ratio: Return per unit of downside risk	—	-1.58	—
Omega ratio: Gain probability vs. loss probability	—	0.82	—
Calmar ratio: Return relative to maximum drawdown	—	-1.01	—
Martin ratio: Return relative to average drawdown	—	-1.45	—

Drawdowns

BUYB vs. UVXY - Drawdown Comparison

The maximum BUYB drawdown since its inception was -2.31%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for BUYB and UVXY.

Drawdown Indicators

	BUYB	UVXY	Difference
Max Drawdown Largest peak-to-trough decline	-2.31%	-100.00%	+97.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-72.58%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-94.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	0.00%	-100.00%	+100.00%
Average Drawdown Average peak-to-trough decline	-0.72%	-98.75%	+98.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	50.56%	—

Volatility

Volatility by Period

	BUYB	UVXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	25.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	66.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	85.25%	-74.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.15%	103.97%	-92.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.15%	112.11%	-100.96%

BUYB vs. UVXY - Expense Ratio Comparison

BUYB has a 0.39% expense ratio, which is lower than UVXY's 0.95% expense ratio.

Dividends

BUYB vs. UVXY - Dividend Comparison

BUYB's dividend yield for the trailing twelve months is around 0.12%, while UVXY has not paid dividends to shareholders.

Position	TTM
BUYB ProShares S&P 500 Buyback Aristocrats ETF	0.12%
UVXY ProShares Ultra VIX Short-Term Futures ETF	0.00%

Frequently Asked Questions

Can I hold both BUYB and UVXY in my portfolio?

BUYB and UVXY have a correlation of -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BUYB or UVXY?

On fees, BUYB is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BUYB or UVXY?

BUYB is cheaper with a 0.39% expense ratio, compared with 0.95% for UVXY.

Which ETF pays a higher dividend yield, BUYB or UVXY?

BUYB has the higher dividend yield at 0.12%, compared with 0.00% for UVXY.

What is the main difference between BUYB and UVXY?

BUYB is categorized as Large Cap Blend Equities, while UVXY is Volatility. BUYB tracks S&P 500 Buyback Index, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.39% for BUYB and 0.95% for UVXY.