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KRYP vs. UPRO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KRYP vs. UPRO

Last updated Jun 30, 2026
See Documentation

KRYP (ProShares CoinDesk 20 Crypto ETF) and UPRO (ProShares UltraPro S&P 500) are both exchange-traded funds - KRYP is a Cryptocurrency fund tracking the CoinDesk 20 Index, while UPRO is a Leveraged Equities fund tracking the S&P 500. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined.

Performance

KRYP vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares CoinDesk 20 Crypto ETF (KRYP) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

KRYP

1D
1.58%
1M
-17.92%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

UPRO

1D
5.06%
1M
-6.78%
YTD
20.40%
6M
17.20%
1Y
55.40%
3Y*
44.40%
5Y*
20.52%
10Y*
29.33%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KRYP vs. UPRO - Yearly Performance Comparison

2026 (YTD)
KRYP
ProShares CoinDesk 20 Crypto ETF		-28.15%
UPRO
ProShares UltraPro S&P 500		17.87%

Correlation

The correlation between KRYP and UPRO is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Feb 4, 2026

0.64

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ProShares CoinDesk 20 Crypto ETF

ProShares UltraPro S&P 500

Often compared with UPRO:
UPRO vs. SPYUPRO vs. TQQQUPRO vs. SPXLUPRO vs. SSOUPRO vs. VOOUPRO vs. QLDUPRO vs. TMF

Return for Risk

KRYP vs. UPRO — Risk / Return Rank

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

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UPRO
UPRO Risk / Return Rank: 4848
Overall Rank
UPRO Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
UPRO Sortino Ratio Rank: 4444
Sortino Ratio Rank
UPRO Omega Ratio Rank: 4545
Omega Ratio Rank
UPRO Calmar Ratio Rank: 4848
Calmar Ratio Rank
UPRO Martin Ratio Rank: 5555
Martin Ratio Rank
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.

KRYP vs. UPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares CoinDesk 20 Crypto ETF (KRYP) 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.

KRYPUPRODifference
Sharpe ratioReturn per unit of total volatility

—

1.49

—

Sortino ratioReturn per unit of downside risk

—

1.98

—

Omega ratioGain probability vs. loss probability

—

1.26

—

Calmar ratioReturn relative to maximum drawdown

—

2.08

—

Martin ratioReturn relative to average drawdown

—

8.30

—

KRYP vs. UPRO - Sharpe Ratio Comparison

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Drawdowns

KRYP vs. UPRO - Drawdown Comparison

The maximum KRYP drawdown since its inception was -30.90%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for KRYP and UPRO.

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Drawdown Indicators

KRYPUPRODifference

Max Drawdown

Largest peak-to-trough decline

-30.90%

-76.82%

+45.92%

Max Drawdown (1Y)

Largest decline over 1 year

—

-26.78%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-48.87%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-63.94%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-76.82%

—

Current Drawdown

Current decline from peak

-28.15%

-7.82%

-20.33%

Average Drawdown

Average peak-to-trough decline

-11.52%

-14.39%

+2.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

6.70%

—

Volatility

KRYP vs. UPRO - Volatility Comparison

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Volatility by Period

KRYPUPRODifference

Volatility (1M)

Calculated over the trailing 1-month period

—

15.38%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

29.78%

—

Volatility (1Y)

Calculated over the trailing 1-year period

50.05%

37.51%

+12.54%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

50.05%

50.67%

-0.62%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

50.05%

53.73%

-3.68%

Dividends

KRYP vs. UPRO - Dividend Comparison

KRYP's dividend yield for the trailing twelve months is around 0.08%, less than UPRO's 0.78% yield.

PositionTTM20252024202320222021202020192018201720162015
KRYP
ProShares CoinDesk 20 Crypto ETF		0.08%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		0.78%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

KRYP and UPRO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UPRO has the higher dividend yield at 0.78%, compared with 0.08% for KRYP.

KRYP is categorized as Cryptocurrency, while UPRO is Leveraged Equities. KRYP tracks CoinDesk 20 Index, while UPRO tracks S&P 500.

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