CDW vs. USD
CDW (CDW Corporation) is a stock, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 10 years, CDW returned 13.89%/yr vs 56.23%/yr for USD. At a 0.49 correlation, their price movements are largely independent.
Performance
CDW vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, CDW achieves a -0.28% return, which is significantly lower than USD's 63.25% return. Over the past 10 years, CDW has underperformed USD with an annualized return of 13.89%, while USD has yielded a comparatively higher 56.23% annualized return.
CDW
- 1D
- 2.66%
- 1M
- 3.27%
- 6M
- 2.67%
- YTD
- -0.28%
- 1Y
- -22.08%
- 3Y*
- -9.56%
- 5Y*
- -3.83%
- 10Y*
- 13.89%
USD
- 1D
- -7.37%
- 1M
- -12.52%
- 6M
- 51.62%
- YTD
- 63.25%
- 1Y
- 108.17%
- 3Y*
- 94.08%
- 5Y*
- 61.69%
- 10Y*
- 56.23%
CDW vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | -0.28% | -20.56% | -22.57% | 28.84% | -11.75% | 56.87% | -6.55% | 78.22% | 17.98% | 34.92% |
USD ProShares Ultra Semiconductors | 63.25% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between CDW and USD is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2013 | 0.49 |
Over the past year, the correlation between CDW and USD has dropped to 0.10 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
CDW vs. USD — Risk / Return Rank
CDW
USD
CDW vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CDW Corporation (CDW) and ProShares Ultra Semiconductors (USD). 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.
| CDW | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.26 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 3.42 | -3.92 |
| Martin ratioReturn relative to average drawdown | -0.92 | 8.81 | -9.73 |
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Drawdowns
CDW vs. USD - Drawdown Comparison
The maximum CDW drawdown since its inception was -60.37%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for CDW and USD.
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Drawdown Indicators
| CDW | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.37% | -88.63% | +28.26% |
Max Drawdown (1Y)Largest decline over 1 year | -44.77% | -31.80% | -12.97% |
Max Drawdown (3Y)Largest decline over 3 years | -60.37% | -64.46% | +4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -60.37% | -77.85% | +17.48% |
Max Drawdown (10Y)Largest decline over 10 years | -60.37% | -77.85% | +17.48% |
Current DrawdownCurrent decline from peak | -46.06% | -24.58% | -21.48% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -32.25% | +21.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.14% | 12.32% | +11.82% |
Volatility
CDW vs. USD - Volatility Comparison
The current volatility for CDW Corporation (CDW) is 14.30%, while ProShares Ultra Semiconductors (USD) has a volatility of 30.75%. This indicates that CDW experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CDW | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.30% | 30.75% | -16.45% |
Volatility (6M)Calculated over the trailing 6-month period | 37.99% | 58.47% | -20.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.13% | 71.05% | -28.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.54% | 78.28% | -46.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.19% | 70.10% | -38.91% |
Dividends
CDW vs. USD - Dividend Comparison
CDW's dividend yield for the trailing twelve months is around 1.87%, more than USD's 0.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | 1.87% | 1.84% | 1.43% | 1.05% | 1.17% | 0.83% | 1.17% | 0.89% | 1.14% | 0.99% | 0.93% | 0.74% |
USD ProShares Ultra Semiconductors | 0.35% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
CDW and USD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (30.75%) compared to CDW (14.30%). In terms of maximum drawdown, CDW dropped -60.37% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (1.53 vs -0.53), 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.
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