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 13.77%/yr vs 62.16%/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 1.92% return, which is significantly lower than USD's 114.00% return. Over the past 10 years, CDW has underperformed USD with an annualized return of 13.77%, while USD has yielded a comparatively higher 62.16% annualized return.
CDW
- 1D
- -1.73%
- 1M
- 2.08%
- YTD
- 1.92%
- 6M
- -3.39%
- 1Y
- -21.97%
- 3Y*
- -6.30%
- 5Y*
- -2.62%
- 10Y*
- 13.77%
USD
- 1D
- -1.14%
- 1M
- 44.53%
- YTD
- 114.00%
- 6M
- 111.06%
- 1Y
- 274.62%
- 3Y*
- 127.67%
- 5Y*
- 69.52%
- 10Y*
- 62.16%
CDW vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | 1.92% | -20.56% | -22.57% | 28.84% | -11.75% | 56.87% | -6.55% | 78.22% | 17.98% | 34.92% |
USD ProShares Ultra Semiconductors | 114.00% | 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 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2013 | 0.49 |
Over the past year, the correlation between CDW and USD has dropped to 0.12 - 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.
| CDW | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.09 | ||
| Sortino ratioReturn per unit of downside risk | -4.35 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.51 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | -0.49 | 8.70 | -9.19 |
| Martin ratioReturn relative to average drawdown | -0.96 | 25.16 | -26.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CDW | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.55 | 4.53 | -5.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.91 | -1.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.90 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.49 | +0.13 |
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 | -44.87% | -1.14% | -43.73% |
Average DrawdownAverage peak-to-trough decline | -10.92% | -32.35% | +21.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.83% | 10.97% | +11.86% |
Volatility
CDW vs. USD - Volatility Comparison
CDW Corporation (CDW) has a higher volatility of 29.33% compared to ProShares Ultra Semiconductors (USD) at 20.36%. This indicates that CDW's price experiences larger fluctuations and is considered to be riskier 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 | 29.33% | 20.36% | +8.97% |
Volatility (6M)Calculated over the trailing 6-month period | 35.43% | 46.39% | -10.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.94% | 61.22% | -21.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.88% | 76.55% | -45.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.89% | 69.23% | -38.34% |
Dividends
CDW vs. USD - Dividend Comparison
CDW's dividend yield for the trailing twelve months is around 1.83%, more than USD's 0.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | 1.83% | 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 | 0.21% | 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 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CDW has higher volatility (29.33%) compared to USD (20.36%). In terms of maximum drawdown, CDW dropped -60.37% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (4.53 vs -0.55), 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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