HOOG vs. UBR

Last updated Jun 4, 2026

HOOG (Leverage Shares 2X Long HOOD Daily ETF) and UBR (ProShares Ultra MSCI Brazil) are both Leveraged Equities funds. HOOG is actively managed, while UBR is passively managed. Over the past year, HOOG returned -29.31% vs 56.81% for UBR. At a 0.37 correlation, their price movements are largely independent. HOOG charges 0.75%/yr vs 0.95%/yr for UBR.

Performance

HOOG vs. UBR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long HOOD Daily ETF (HOOG) and ProShares Ultra MSCI Brazil (UBR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HOOG achieves a -60.40% return, which is significantly lower than UBR's 13.03% return.

HOOG

• 1D: -12.13%
• 1M: 10.59%
• YTD: -60.40%
• 6M: -72.73%
• 1Y: -29.31%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UBR

• 1D: -5.40%
• 1M: -21.46%
• YTD: 13.03%
• 6M: 3.25%
• 1Y: 56.81%
• 3Y*: 8.90%
• 5Y*: -5.17%
• 10Y*: -1.90%

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

HOOG vs. UBR - Yearly Performance Comparison

	2026 (YTD)	2025
HOOG Leverage Shares 2X Long HOOD Daily ETF	-60.40%	291.44%
UBR ProShares Ultra MSCI Brazil	13.03%	44.85%

Correlation

The correlation between HOOG and UBR is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.37

Return for Risk

HOOG vs. UBR — Risk / Return Rank

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

HOOG

HOOG Risk / Return Rank: 9
HOOG Sharpe Ratio Rank: 6
HOOG Sortino Ratio Rank: 14
HOOG Omega Ratio Rank: 13
HOOG Calmar Ratio Rank: 6
HOOG Martin Ratio Rank: 6

UBR

UBR Risk / Return Rank: 33
UBR Sharpe Ratio Rank: 32
UBR Sortino Ratio Rank: 31
UBR Omega Ratio Rank: 32
UBR Calmar Ratio Rank: 37
UBR Martin Ratio Rank: 35

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.

HOOG vs. UBR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long HOOD Daily ETF (HOOG) and ProShares Ultra MSCI Brazil (UBR). 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.

	HOOG	UBR	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	1.15	-1.37
Sortino ratio: Return per unit of downside risk	0.64	1.67	-1.04
Omega ratio: Gain probability vs. loss probability	1.07	1.21	-0.14
Calmar ratio: Return relative to maximum drawdown	-0.34	1.81	-2.15
Martin ratio: Return relative to average drawdown	-0.55	5.36	-5.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HOOG vs. UBR - Sharpe Ratio Comparison

The current HOOG Sharpe Ratio is -0.22, which is lower than the UBR Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of HOOG and UBR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HOOG	UBR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	1.15	-1.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.09	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.03	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	-0.20	+0.50

Drawdowns

HOOG vs. UBR - Drawdown Comparison

The maximum HOOG drawdown since its inception was -86.94%, smaller than the maximum UBR drawdown of -97.15%. Use the drawdown chart below to compare losses from any high point for HOOG and UBR.

Drawdown Indicators

	HOOG	UBR	Difference
Max Drawdown Largest peak-to-trough decline	-86.94%	-97.15%	+10.21%
Max Drawdown (1Y) Largest decline over 1 year	-86.94%	-31.50%	-55.44%
Max Drawdown (3Y) Largest decline over 3 years	—	-58.11%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-67.07%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-87.57%	—
Current Drawdown Current decline from peak	-81.53%	-92.84%	+11.31%
Average Drawdown Average peak-to-trough decline	-37.56%	-77.90%	+40.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	53.22%	10.63%	+42.59%

Volatility

HOOG vs. UBR - Volatility Comparison

Leverage Shares 2X Long HOOD Daily ETF (HOOG) has a higher volatility of 41.51% compared to ProShares Ultra MSCI Brazil (UBR) at 15.51%. This indicates that HOOG's price experiences larger fluctuations and is considered to be riskier than UBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HOOG	UBR	Difference
Volatility (1M) Calculated over the trailing 1-month period	41.51%	15.51%	+26.00%
Volatility (6M) Calculated over the trailing 6-month period	100.64%	41.58%	+59.06%
Volatility (1Y) Calculated over the trailing 1-year period	137.15%	49.62%	+87.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	144.88%	55.66%	+89.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	144.88%	66.68%	+78.20%

HOOG vs. UBR - Expense Ratio Comparison

HOOG has a 0.75% expense ratio, which is lower than UBR's 0.95% expense ratio.

Dividends

HOOG vs. UBR - Dividend Comparison

HOOG's dividend yield for the trailing twelve months is around 31.07%, more than UBR's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HOOG Leverage Shares 2X Long HOOD Daily ETF	31.07%	12.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UBR ProShares Ultra MSCI Brazil	1.85%	2.05%	8.09%	1.15%	0.00%	0.00%	0.00%	0.53%	0.13%

Frequently Asked Questions

Can I hold both HOOG and UBR in my portfolio?

HOOG and UBR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HOOG or UBR?

HOOG has higher volatility (41.51%) compared to UBR (15.51%). In terms of maximum drawdown, HOOG dropped -86.94% vs UBR's -97.15%.

Which ETF is better, HOOG or UBR?

On 1-year performance, UBR leads with 56.81% vs -29.31% for HOOG. On fees, HOOG is cheaper at 0.75% per year. On volatility, UBR has been the lower-risk option at 15.51%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HOOG or UBR?

Over the 1-year period, UBR has performed better with a 56.81% return vs -29.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HOOG or UBR?

HOOG is cheaper with a 0.75% expense ratio, compared with 0.95% for UBR.

Which ETF pays a higher dividend yield, HOOG or UBR?

HOOG has the higher dividend yield at 31.07%, compared with 1.85% for UBR.

What is the main difference between HOOG and UBR?

They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for HOOG and 0.95% for UBR.

Which has better risk-adjusted returns?

UBR currently has the higher Sharpe Ratio (1.15 vs -0.22), 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.