NUG vs. UBR
NUG (Leverage Shares 2X Long NU Daily ETF) and UBR (ProShares Ultra MSCI Brazil) are both Leveraged Equities funds. NUG is actively managed, while UBR is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. NUG charges 0.75%/yr vs 0.95%/yr for UBR.
Performance
NUG vs. UBR - Performance Comparison
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Returns By Period
In the year-to-date period, NUG achieves a -49.34% return, which is significantly lower than UBR's 11.32% return.
NUG
- 1D
- 1.13%
- 1M
- -1.26%
- YTD
- -49.34%
- 6M
- -48.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UBR
- 1D
- 3.09%
- 1M
- -10.47%
- YTD
- 11.32%
- 6M
- 17.62%
- 1Y
- 47.96%
- 3Y*
- 2.20%
- 5Y*
- -5.45%
- 10Y*
- -2.50%
NUG vs. UBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NUG Leverage Shares 2X Long NU Daily ETF | -49.34% | 9.30% |
UBR ProShares Ultra MSCI Brazil | 11.32% | -3.38% |
Correlation
The correlation between NUG and UBR is 0.72, 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 Nov 17, 2025 | 0.72 |
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Return for Risk
NUG vs. UBR — Risk / Return Rank
NUG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UBR
NUG vs. UBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long NU Daily ETF (NUG) and ProShares Ultra MSCI Brazil (UBR). 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.
| NUG | UBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.35 | — |
| Martin ratioReturn relative to average drawdown | — | 3.75 | — |
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Drawdowns
NUG vs. UBR - Drawdown Comparison
The maximum NUG drawdown since its inception was -66.15%, smaller than the maximum UBR drawdown of -97.15%. Use the drawdown chart below to compare losses from any high point for NUG and UBR.
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Drawdown Indicators
| NUG | UBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.15% | -97.15% | +31.00% |
Max Drawdown (1Y)Largest decline over 1 year | — | -35.75% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -58.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -87.57% | — |
Current DrawdownCurrent decline from peak | -59.01% | -92.95% | +33.94% |
Average DrawdownAverage peak-to-trough decline | -31.80% | -77.93% | +46.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 12.83% | — |
Volatility
NUG vs. UBR - Volatility Comparison
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Volatility by Period
| NUG | UBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.61% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 39.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 79.90% | 50.14% | +29.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.90% | 55.72% | +24.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 79.90% | 66.52% | +13.38% |
NUG vs. UBR - Expense Ratio Comparison
NUG has a 0.75% expense ratio, which is lower than UBR's 0.95% expense ratio.
Dividends
NUG vs. UBR - Dividend Comparison
NUG has not paid dividends to shareholders, while UBR's dividend yield for the trailing twelve months is around 1.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
NUG Leverage Shares 2X Long NU Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UBR ProShares Ultra MSCI Brazil | 1.88% | 2.05% | 8.09% | 1.15% | 0.00% | 0.00% | 0.00% | 0.53% | 0.13% |
Frequently Asked Questions
NUG and UBR have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NUG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NUG is cheaper with a 0.75% expense ratio, compared with 0.95% for UBR.
UBR has the higher dividend yield at 1.88%, compared with 0.00% for NUG.
They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for NUG and 0.95% for UBR.
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