CHCI vs. UPRO

Last updated Jun 23, 2026

CHCI (Comstock Holding Companies, Inc.) is a stock, while UPRO (ProShares UltraPro S&P 500) is Leveraged Equities fund tracking the S&P 500. Over the past 10 years, CHCI returned 23.55%/yr vs 30.18%/yr for UPRO. At a 0.15 correlation, their price movements are largely independent.

Performance

CHCI vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Comstock Holding Companies, Inc. (CHCI) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHCI achieves a 29.09% return, which is significantly higher than UPRO's 17.21% return. Over the past 10 years, CHCI has underperformed UPRO with an annualized return of 23.55%, while UPRO has yielded a comparatively higher 30.18% annualized return.

CHCI

• 1D: 0.00%
• 1M: 0.94%
• YTD: 29.09%
• 6M: 35.38%
• 1Y: 48.08%
• 3Y*: 58.60%
• 5Y*: 20.03%
• 10Y*: 23.55%

UPRO

• 1D: -4.27%
• 1M: -5.38%
• YTD: 17.21%
• 6M: 13.86%
• 1Y: 62.29%
• 3Y*: 46.23%
• 5Y*: 20.37%
• 10Y*: 30.18%

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

CHCI vs. UPRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHCI Comstock Holding Companies, Inc.	29.09%	43.81%	82.32%	4.28%	-12.37%	53.00%	62.02%	16.46%	-1.18%	-5.56%
UPRO ProShares UltraPro S&P 500	17.21%	31.88%	63.57%	68.53%	-56.84%	98.64%	10.09%	102.30%	-25.11%	71.37%

Correlation

The correlation between CHCI and UPRO is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.09
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.12
Correlation (All Time) Calculated using the full available price history since Jun 25, 2009	0.15

Return for Risk

CHCI vs. UPRO — Risk / Return Rank

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

CHCI

CHCI Risk / Return Rank: 64
CHCI Sharpe Ratio Rank: 66
CHCI Sortino Ratio Rank: 65
CHCI Omega Ratio Rank: 65
CHCI Calmar Ratio Rank: 64
CHCI Martin Ratio Rank: 62

UPRO

UPRO Risk / Return Rank: 49
UPRO Sharpe Ratio Rank: 50
UPRO Sortino Ratio Rank: 44
UPRO Omega Ratio Rank: 45
UPRO Calmar Ratio Rank: 49
UPRO Martin Ratio Rank: 56

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.

CHCI vs. UPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Comstock Holding Companies, Inc. (CHCI) and ProShares UltraPro S&P 500 (UPRO). 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.

	CHCI	UPRO	Difference
Sharpe ratio: Return per unit of total volatility	0.74	1.68	-0.94
Sortino ratio: Return per unit of downside risk	1.43	2.15	-0.72
Omega ratio: Gain probability vs. loss probability	1.18	1.28	-0.10
Calmar ratio: Return relative to maximum drawdown	1.09	2.34	-1.25
Martin ratio: Return relative to average drawdown	2.05	9.52	-7.46

CHCI vs. UPRO - Sharpe Ratio Comparison

The current CHCI Sharpe Ratio is 0.74, which is lower than the UPRO Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of CHCI and UPRO, 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

CHCI vs. UPRO - Drawdown Comparison

The maximum CHCI drawdown since its inception was -99.80%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for CHCI and UPRO.

Drawdown Indicators

	CHCI	UPRO	Difference
Max Drawdown Largest peak-to-trough decline	-99.80%	-76.82%	-22.98%
Max Drawdown (1Y) Largest decline over 1 year	-44.23%	-26.78%	-17.45%
Max Drawdown (3Y) Largest decline over 3 years	-47.93%	-48.87%	+0.94%
Max Drawdown (5Y) Largest decline over 5 years	-47.93%	-63.94%	+16.01%
Max Drawdown (10Y) Largest decline over 10 years	-75.34%	-76.82%	+1.48%
Current Drawdown Current decline from peak	-92.78%	-10.27%	-82.51%
Average Drawdown Average peak-to-trough decline	-92.09%	-14.39%	-77.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.50%	6.57%	+16.93%

Volatility

CHCI vs. UPRO - Volatility Comparison

Comstock Holding Companies, Inc. (CHCI) has a higher volatility of 21.33% compared to ProShares UltraPro S&P 500 (UPRO) at 14.68%. This indicates that CHCI's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHCI	UPRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.33%	14.68%	+6.65%
Volatility (6M) Calculated over the trailing 6-month period	42.88%	29.49%	+13.39%
Volatility (1Y) Calculated over the trailing 1-year period	65.61%	37.35%	+28.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.34%	50.62%	+10.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	93.23%	53.79%	+39.44%

Dividends

CHCI vs. UPRO - Dividend Comparison

CHCI has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 0.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHCI Comstock Holding Companies, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UPRO ProShares UltraPro S&P 500	0.74%	0.84%	0.93%	0.74%	0.52%	0.06%	0.11%	0.41%	0.63%	0.00%	0.12%	0.34%

Frequently Asked Questions

Can I hold both CHCI and UPRO in my portfolio?

CHCI and UPRO have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHCI or UPRO?

CHCI has higher volatility (21.33%) compared to UPRO (14.68%). In terms of maximum drawdown, CHCI dropped -99.80% vs UPRO's -76.82%.

Which has better risk-adjusted returns?

UPRO currently has the higher Sharpe Ratio (1.68 vs 0.74), 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.