HRB vs. USD
HRB (H&R Block, Inc.) 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, HRB returned 10.05%/yr vs 55.77%/yr for USD. At a 0.29 correlation, their price movements are largely independent.
Performance
HRB vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, HRB achieves a -1.06% return, which is significantly lower than USD's 57.07% return. Over the past 10 years, HRB has underperformed USD with an annualized return of 10.05%, while USD has yielded a comparatively higher 55.77% annualized return.
HRB
- 1D
- 0.55%
- 1M
- 19.14%
- 6M
- 2.54%
- YTD
- -1.06%
- 1Y
- -20.87%
- 3Y*
- 11.29%
- 5Y*
- 16.07%
- 10Y*
- 10.05%
USD
- 1D
- -3.79%
- 1M
- -16.88%
- 6M
- 43.24%
- YTD
- 57.07%
- 1Y
- 96.75%
- 3Y*
- 90.78%
- 5Y*
- 60.45%
- 10Y*
- 55.77%
HRB vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HRB H&R Block, Inc. | -1.06% | -14.88% | 12.03% | 36.87% | 59.94% | 55.43% | -27.97% | -3.55% | 0.49% | 18.22% |
USD ProShares Ultra Semiconductors | 57.07% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between HRB and USD is -0.32, 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 (1Y) Calculated over the trailing 1-year period | -0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.29 |
The correlation between HRB and USD shifts across timeframes, from -0.32 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HRB vs. USD — Risk / Return Rank
HRB
USD
HRB vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for H&R Block, Inc. (HRB) 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.
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.
| HRB | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.46 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.24 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 3.06 | -3.49 |
| Martin ratioReturn relative to average drawdown | -0.73 | 7.80 | -8.54 |
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Drawdowns
HRB vs. USD - Drawdown Comparison
The maximum HRB drawdown since its inception was -62.08%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for HRB and USD.
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Drawdown Indicators
| HRB | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.08% | -88.63% | +26.55% |
Max Drawdown (1Y)Largest decline over 1 year | -49.05% | -31.80% | -17.25% |
Max Drawdown (3Y)Largest decline over 3 years | -55.54% | -64.46% | +8.92% |
Max Drawdown (5Y)Largest decline over 5 years | -55.54% | -77.85% | +22.31% |
Max Drawdown (10Y)Largest decline over 10 years | -57.72% | -77.85% | +20.13% |
Current DrawdownCurrent decline from peak | -32.36% | -27.44% | -4.92% |
Average DrawdownAverage peak-to-trough decline | -18.69% | -32.24% | +13.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.55% | 12.44% | +16.11% |
Volatility
HRB vs. USD - Volatility Comparison
The current volatility for H&R Block, Inc. (HRB) is 10.36%, while ProShares Ultra Semiconductors (USD) has a volatility of 29.85%. This indicates that HRB 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
| HRB | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | 29.85% | -19.49% |
Volatility (6M)Calculated over the trailing 6-month period | 36.13% | 58.53% | -22.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.66% | 71.17% | -29.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.15% | 78.27% | -45.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.89% | 70.11% | -34.22% |
Dividends
HRB vs. USD - Dividend Comparison
HRB's dividend yield for the trailing twelve months is around 3.99%, more than USD's 0.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HRB H&R Block, Inc. | 3.99% | 3.65% | 2.63% | 2.52% | 3.07% | 4.54% | 6.56% | 4.39% | 3.90% | 3.59% | 3.74% | 2.40% |
USD ProShares Ultra Semiconductors | 0.37% | 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
HRB and USD have a correlation of -0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (29.85%) compared to HRB (10.36%). In terms of maximum drawdown, HRB dropped -62.08% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (1.37 vs -0.50), 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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