KNF vs. UPRO
KNF (Knife River Corporation) is a stock, while UPRO (ProShares UltraPro S&P 500) is Leveraged Equities fund tracking the S&P 500. Over the past 3 years, KNF returned 23.88%/yr vs 46.23%/yr for UPRO. A 0.53 correlation means they provide meaningful diversification when combined.
Performance
KNF vs. UPRO - Performance Comparison
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Returns By Period
In the year-to-date period, KNF achieves a 23.16% return, which is significantly higher than UPRO's 17.21% return.
KNF
- 1D
- -0.97%
- 1M
- 20.00%
- YTD
- 23.16%
- 6M
- 17.46%
- 1Y
- 6.88%
- 3Y*
- 23.88%
- 5Y*
- —
- 10Y*
- —
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%
KNF vs. UPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
KNF Knife River Corporation | 23.16% | -30.79% | 53.58% | 83.83% |
UPRO ProShares UltraPro S&P 500 | 17.21% | 31.88% | 63.57% | 38.10% |
Correlation
The correlation between KNF and UPRO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2023 | 0.53 |
The correlation between KNF and UPRO shifts across timeframes, from 0.40 (1 year) to 0.54 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
KNF vs. UPRO — Risk / Return Rank
KNF
UPRO
KNF vs. UPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Knife River Corporation (KNF) 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.
| KNF | UPRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.28 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 2.34 | -2.15 |
| Martin ratioReturn relative to average drawdown | 0.38 | 9.52 | -9.13 |
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Drawdowns
KNF vs. UPRO - Drawdown Comparison
The maximum KNF drawdown since its inception was -44.15%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for KNF and UPRO.
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Drawdown Indicators
| KNF | UPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.15% | -76.82% | +32.67% |
Max Drawdown (1Y)Largest decline over 1 year | -36.63% | -26.78% | -9.85% |
Max Drawdown (3Y)Largest decline over 3 years | -44.15% | -48.87% | +4.72% |
Max Drawdown (5Y)Largest decline over 5 years | — | -63.94% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.82% | — |
Current DrawdownCurrent decline from peak | -19.26% | -10.27% | -8.99% |
Average DrawdownAverage peak-to-trough decline | -12.98% | -14.39% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.98% | 6.57% | +11.41% |
Volatility
KNF vs. UPRO - Volatility Comparison
The current volatility for Knife River Corporation (KNF) is 13.59%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 14.68%. This indicates that KNF experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KNF | UPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.59% | 14.68% | -1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 38.77% | 29.49% | +9.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.67% | 37.35% | +10.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.53% | 50.62% | -8.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.53% | 53.79% | -11.26% |
Dividends
KNF vs. UPRO - Dividend Comparison
KNF 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNF Knife River Corporation | 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
KNF and UPRO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPRO has higher volatility (14.68%) compared to KNF (13.59%). In terms of maximum drawdown, KNF dropped -44.15% vs UPRO's -76.82%.
UPRO currently has the higher Sharpe Ratio (1.68 vs 0.15), 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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