CTEX vs. USD
Compare and contrast key facts about ProShares S&P Kensho Cleantech ETF (CTEX) and ProShares Ultra Semiconductors (USD).
CTEX and USD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTEX is a passively managed fund by ProShares that tracks the performance of the S&P Kensho Cleantech Index. It was launched on Sep 29, 2021. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (200%). It was launched on Jan 30, 2007. Both CTEX and USD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CTEX vs. USD - Performance Comparison
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CTEX vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CTEX ProShares S&P Kensho Cleantech ETF | -1.03% | 67.74% | -20.38% | -10.25% | -20.38% | -6.68% |
USD ProShares Ultra Semiconductors | -4.90% | 62.08% | 139.64% | 228.79% | -68.57% | 54.40% |
Returns By Period
In the year-to-date period, CTEX achieves a -1.03% return, which is significantly higher than USD's -4.90% return.
CTEX
- 1D
- 1.50%
- 1M
- -4.96%
- YTD
- -1.03%
- 6M
- 9.25%
- 1Y
- 101.54%
- 3Y*
- 2.06%
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- 4.03%
- 1M
- -7.90%
- YTD
- -4.90%
- 6M
- -1.21%
- 1Y
- 145.25%
- 3Y*
- 90.90%
- 5Y*
- 44.58%
- 10Y*
- 50.62%
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CTEX vs. USD - Expense Ratio Comparison
CTEX has a 0.58% expense ratio, which is lower than USD's 0.95% expense ratio.
Return for Risk
CTEX vs. USD — Risk / Return Rank
CTEX
USD
CTEX vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Kensho Cleantech ETF (CTEX) 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.
| CTEX | USD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.34 | 1.90 | +0.44 |
Sortino ratioReturn per unit of downside risk | 2.74 | 2.44 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 4.83 | 4.67 | +0.16 |
Martin ratioReturn relative to average drawdown | 13.76 | 12.81 | +0.95 |
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
| CTEX | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 1.90 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.59 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.74 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.06 | 0.41 | -0.47 |
Correlation
The correlation between CTEX and USD is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CTEX vs. USD - Dividend Comparison
CTEX's dividend yield for the trailing twelve months is around 2.11%, more than USD's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTEX ProShares S&P Kensho Cleantech ETF | 2.11% | 2.17% | 0.57% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.48% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Drawdowns
CTEX vs. USD - Drawdown Comparison
The maximum CTEX drawdown since its inception was -70.31%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for CTEX and USD.
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Drawdown Indicators
| CTEX | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.31% | -88.63% | +18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -21.62% | -31.80% | +10.18% |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -30.09% | -21.24% | -8.85% |
Average DrawdownAverage peak-to-trough decline | -42.86% | -32.60% | -10.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.59% | 11.60% | -4.01% |
Volatility
CTEX vs. USD - Volatility Comparison
The current volatility for ProShares S&P Kensho Cleantech ETF (CTEX) is 12.29%, while ProShares Ultra Semiconductors (USD) has a volatility of 21.67%. This indicates that CTEX 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
| CTEX | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.29% | 21.67% | -9.38% |
Volatility (6M)Calculated over the trailing 6-month period | 33.73% | 48.73% | -15.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.72% | 77.08% | -33.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.16% | 76.24% | -33.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.16% | 68.85% | -25.69% |