MUSA vs. UPRO
MUSA (Murphy USA Inc.) is a stock, while UPRO (ProShares UltraPro S&P 500) is Leveraged Equities fund tracking the S&P 500. Over the past 10 years, MUSA returned 22.66%/yr vs 28.55%/yr for UPRO. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
MUSA vs. UPRO - Performance Comparison
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Returns By Period
In the year-to-date period, MUSA achieves a 47.31% return, which is significantly higher than UPRO's 26.96% return. Over the past 10 years, MUSA has underperformed UPRO with an annualized return of 22.66%, while UPRO has yielded a comparatively higher 28.55% annualized return.
MUSA
- 1D
- -2.47%
- 1M
- 5.71%
- 6M
- 39.02%
- YTD
- 47.31%
- 1Y
- 64.63%
- 3Y*
- 26.00%
- 5Y*
- 32.23%
- 10Y*
- 22.66%
- ALL TIME*
- 23.92%
UPRO
- 1D
- 4.31%
- 1M
- 3.94%
- 6M
- 21.04%
- YTD
- 26.96%
- 1Y
- 60.49%
- 3Y*
- 46.49%
- 5Y*
- 20.10%
- 10Y*
- 28.55%
- ALL TIME*
- 33.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
MUSA Murphy USA Inc. | $163.72M | $160.33M | $172.30M |
| $303.16M | $293.07M | $361.38M |
MUSA vs. UPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MUSA Murphy USA Inc. | 47.31% | -19.15% | 41.27% | 28.20% | 41.02% | 53.33% | 12.06% | 52.66% | -4.63% | 30.73% |
UPRO ProShares UltraPro S&P 500 | 26.96% | 31.88% | 63.57% | 68.53% | -56.84% | 98.64% | 10.09% | 102.30% | -25.11% | 71.37% |
Correlation
The correlation between MUSA and UPRO is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | 0.07 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.19 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.27 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2013 | 0.31 |
The correlation between MUSA and UPRO shifts across timeframes, from -0.20 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
MUSA vs. UPRO — Risk / Return Rank
MUSA
UPRO
MUSA vs. UPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Murphy USA Inc. (MUSA) 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.
| MUSA | UPRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 2.27 | +1.02 |
| Martin ratioReturn relative to average drawdown | 9.68 | 8.68 | +1.00 |
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Drawdowns
MUSA vs. UPRO - Drawdown Comparison
The maximum MUSA drawdown since its inception was -35.54%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for MUSA and UPRO.
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Drawdown Indicators
| MUSA | UPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.54% | -76.82% | +41.28% |
Max Drawdown (1Y)Largest decline over 1 year | -19.72% | -26.78% | +7.06% |
Max Drawdown (3Y)Largest decline over 3 years | -35.54% | -48.87% | +13.33% |
Max Drawdown (5Y)Largest decline over 5 years | -35.54% | -63.94% | +28.40% |
Max Drawdown (10Y)Largest decline over 10 years | -35.54% | -76.82% | +41.28% |
Current DrawdownCurrent decline from peak | -4.82% | -2.80% | -2.02% |
Average DrawdownAverage peak-to-trough decline | -9.93% | -14.34% | +4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.69% | 6.99% | -0.30% |
Volatility
MUSA vs. UPRO - Volatility Comparison
The current volatility for Murphy USA Inc. (MUSA) is 10.36%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 11.49%. This indicates that MUSA 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
| MUSA | UPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.36% | 11.49% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 32.31% | 30.61% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.41% | 38.43% | -0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.90% | 50.74% | -19.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.60% | 53.81% | -22.21% |
Dividends
MUSA vs. UPRO - Dividend Comparison
MUSA's dividend yield for the trailing twelve months is around 0.41%, less than UPRO's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUSA Murphy USA Inc. | 0.41% | 0.53% | 0.36% | 0.43% | 0.45% | 0.52% | 0.19% | 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
MUSA and UPRO have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UPRO has higher volatility (11.49%) compared to MUSA (10.36%). In terms of maximum drawdown, MUSA dropped -35.54% vs UPRO's -76.82%.
MUSA currently has the higher Sharpe Ratio (1.69 vs 1.58), 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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