META.L vs. UPRO
Compare and contrast key facts about WisdomTree Industrial Metals Enhanced (META.L) and ProShares UltraPro S&P 500 (UPRO).
META.L and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. META.L is a passively managed fund by WisdomTree that tracks the performance of the Optimised Roll Industrial Metals. It was launched on Feb 27, 2019. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both META.L and UPRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: META.L or UPRO.
Key characteristics
| META.L | UPRO | |
|---|---|---|
| YTD Return | 3.72% | 41.58% |
| 1Y Return | 4.02% | 60.11% |
| Sharpe Ratio | 0.25 | 1.62 |
| Daily Std Dev | 15.83% | 37.58% |
| Max Drawdown | -20.18% | -76.82% |
| Current Drawdown | -13.13% | -9.64% |
Correlation
The correlation between META.L and UPRO is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
META.L vs. UPRO - Performance Comparison
In the year-to-date period, META.L achieves a 3.72% return, which is significantly lower than UPRO's 41.58% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
META.L vs. UPRO - Expense Ratio Comparison
META.L has a 0.40% expense ratio, which is lower than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
META.L vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Industrial Metals Enhanced (META.L) 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.
Dividends
META.L vs. UPRO - Dividend Comparison
META.L has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 0.68%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
META.L WisdomTree Industrial Metals Enhanced | 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 | 0.68% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
META.L vs. UPRO - Drawdown Comparison
The maximum META.L drawdown since its inception was -20.18%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for META.L and UPRO. For additional features, visit the drawdowns tool.
Volatility
META.L vs. UPRO - Volatility Comparison
The current volatility for WisdomTree Industrial Metals Enhanced (META.L) is 4.46%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 13.26%. This indicates that META.L 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.