CRCA vs. UVXY
CRCA (ProShares Ultra CRCL) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - CRCA is a Leveraged Equities fund actively managed by ProShares, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). CRCA is actively managed, while UVXY is passively managed. At a correlation of -0.31, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
CRCA vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, CRCA achieves a -50.19% return, which is significantly lower than UVXY's -22.07% return.
CRCA
- 1D
- -10.71%
- 1M
- -58.97%
- YTD
- -50.19%
- 6M
- -54.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UVXY
- 1D
- 8.28%
- 1M
- -14.92%
- YTD
- -22.07%
- 6M
- -24.28%
- 1Y
- -74.07%
- 3Y*
- -61.96%
- 5Y*
- -66.90%
- 10Y*
- -73.85%
CRCA vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CRCA ProShares Ultra CRCL | -50.19% | -84.67% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -22.07% | -52.35% |
Correlation
The correlation between CRCA and UVXY is -0.31, 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 Aug 7, 2025 | -0.31 |
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Return for Risk
CRCA vs. UVXY — Risk / Return Rank
CRCA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UVXY
CRCA vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra CRCL (CRCA) 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.
| CRCA | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.81 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -1.01 | — |
| Martin ratioReturn relative to average drawdown | — | -1.45 | — |
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Drawdowns
CRCA vs. UVXY - Drawdown Comparison
The maximum CRCA drawdown since its inception was -94.31%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for CRCA and UVXY.
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Drawdown Indicators
| CRCA | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.31% | -100.00% | +5.69% |
Max Drawdown (1Y)Largest decline over 1 year | — | -73.51% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -94.93% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -99.71% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -92.37% | -100.00% | +7.63% |
Average DrawdownAverage peak-to-trough decline | -71.73% | -98.75% | +27.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 55.34% | — |
Volatility
CRCA vs. UVXY - Volatility Comparison
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Volatility by Period
| CRCA | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 25.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 66.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 194.67% | 85.46% | +109.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 194.67% | 103.96% | +90.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 194.67% | 112.39% | +82.28% |
CRCA vs. UVXY - Expense Ratio Comparison
Both CRCA and UVXY have an expense ratio of 0.95%.
Dividends
CRCA vs. UVXY - Dividend Comparison
CRCA's dividend yield for the trailing twelve months is around 3.48%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
CRCA ProShares Ultra CRCL | 3.48% | 1.06% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% |
Frequently Asked Questions
CRCA and UVXY have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CRCA and UVXY have the same expense ratio: 0.95% per year.
CRCA has the higher dividend yield at 3.48%, compared with 0.00% for UVXY.
CRCA is categorized as Leveraged Equities, while UVXY is Volatility.
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