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 13.93%/yr vs 62.72%/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 -4.97% return, which is significantly lower than USD's 92.18% return. Over the past 10 years, CDW has underperformed USD with an annualized return of 13.93%, while USD has yielded a comparatively higher 62.72% annualized return.
CDW
- 1D
- -1.69%
- 1M
- 17.89%
- YTD
- -4.97%
- 6M
- -6.69%
- 1Y
- -26.62%
- 3Y*
- -8.93%
- 5Y*
- -4.46%
- 10Y*
- 13.93%
USD
- 1D
- 4.73%
- 1M
- -0.57%
- YTD
- 92.18%
- 6M
- 86.88%
- 1Y
- 185.02%
- 3Y*
- 118.50%
- 5Y*
- 64.73%
- 10Y*
- 62.72%
CDW vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | -4.97% | -20.56% | -22.57% | 28.84% | -11.75% | 56.87% | -6.55% | 78.22% | 17.98% | 34.92% |
USD ProShares Ultra Semiconductors | 92.18% | 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 | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
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 | -3.41 | ||
| Sortino ratioReturn per unit of downside risk | -3.49 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.38 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.59 | 5.86 | -6.45 |
| Martin ratioReturn relative to average drawdown | -1.12 | 16.16 | -17.28 |
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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 | -44.97% | -31.80% | -13.17% |
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 | -48.60% | -11.21% | -37.39% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -32.29% | +21.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.77% | 11.50% | +12.27% |
Volatility
CDW vs. USD - Volatility Comparison
The current volatility for CDW Corporation (CDW) is 18.06%, while ProShares Ultra Semiconductors (USD) has a volatility of 33.79%. 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 | 18.06% | 33.79% | -15.73% |
Volatility (6M)Calculated over the trailing 6-month period | 36.47% | 53.90% | -17.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.62% | 67.84% | -27.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.13% | 77.74% | -46.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.97% | 69.82% | -38.85% |
Dividends
CDW vs. USD - Dividend Comparison
CDW's dividend yield for the trailing twelve months is around 1.96%, more than USD's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | 1.96% | 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 | 0.30% | 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 (33.79%) compared to CDW (18.06%). In terms of maximum drawdown, CDW dropped -60.37% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (2.75 vs -0.66), 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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