PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PAWZ vs. USD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PAWZ vs. USD

Last updated Jun 17, 2026

PAWZ (ProShares Pet Care ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - PAWZ is a Global Equities fund tracking the FactSet Pet Care Index, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 5 years, PAWZ returned -9.14%/yr vs 64.11%/yr for USD. A 0.52 correlation means they provide meaningful diversification when combined. PAWZ charges 0.50%/yr vs 0.95%/yr for USD.

Performance

PAWZ vs. USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Pet Care ETF (PAWZ) and ProShares Ultra Semiconductors (USD). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PAWZ achieves a -11.47% return, which is significantly lower than USD's 86.62% return.

PAWZ

1D
-0.01%
1M
4.84%
YTD
-11.47%
6M
-11.85%
1Y
-15.91%
3Y*
-1.31%
5Y*
-9.14%
10Y*
—

USD

1D
-8.38%
1M
2.35%
YTD
86.62%
6M
99.31%
1Y
208.42%
3Y*
109.60%
5Y*
64.11%
10Y*
60.41%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PAWZ vs. USD - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
PAWZ
ProShares Pet Care ETF		-11.47%1.21%3.88%12.47%-40.08%10.46%61.69%22.95%-8.52%
USD
ProShares Ultra Semiconductors		86.62%62.08%139.64%228.79%-68.57%104.27%68.16%110.37%-16.50%

Correlation

The correlation between PAWZ and USD is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.11

Correlation (3Y)
Calculated over the trailing 3-year period

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.48

Correlation (All Time)
Calculated using the full available price history since Nov 6, 2018

0.52

Over the past year, the correlation between PAWZ and USD has dropped to 0.11 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

PAWZ vs. USD - Sectors Allocation Comparison

Sectors
PAWZ
USD

Healthcare

32.6%

-

Consumer Defensive

16.3%

-

Consumer Cyclical

12.5%

-

Basic Materials

5.0%

-

Technology

4.2%
29.1%

Financial Services

4.1%
32.1%

Communication Services

-

-

Energy

-

0.0%

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Healthcare

PAWZ
32.6%
USD

-

Consumer Defensive

PAWZ
16.3%
USD

-

Consumer Cyclical

PAWZ
12.5%
USD

-

Basic Materials

PAWZ
5.0%
USD

-

Technology

PAWZ
4.2%
USD
29.1%

Financial Services

PAWZ
4.1%
USD
32.1%

Communication Services

PAWZ

-

USD

-

Energy

PAWZ

-

USD
0.0%

Industrials

PAWZ

-

USD

-

Real Estate

PAWZ

-

USD

-

Utilities

PAWZ

-

USD

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Pet Care ETF

ProShares Ultra Semiconductors

Often compared with PAWZ:
PAWZ vs. ZTSPAWZ vs. IBUYPAWZ vs. SPYPAWZ vs. VOOPAWZ vs. BDVLPAWZ vs. FIXTPAWZ vs. SCHD
Often compared with USD:
USD vs. SOXLUSD vs. SMHUSD vs. TQQQUSD vs. QQQUSD vs. SCHDUSD vs. SPYUSD vs. FNGO

Return for Risk

PAWZ vs. USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PAWZ
PAWZ Risk / Return Rank: 22
Overall Rank
PAWZ Sharpe Ratio Rank: 22
Sharpe Ratio Rank
PAWZ Sortino Ratio Rank: 22
Sortino Ratio Rank
PAWZ Omega Ratio Rank: 22
Omega Ratio Rank
PAWZ Calmar Ratio Rank: 33
Calmar Ratio Rank
PAWZ Martin Ratio Rank: 00
Martin Ratio Rank
USD
USD Risk / Return Rank: 8484
Overall Rank
USD Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
USD Sortino Ratio Rank: 7070
Sortino Ratio Rank
USD Omega Ratio Rank: 7474
Omega Ratio Rank
USD Calmar Ratio Rank: 9494
Calmar Ratio Rank
USD Martin Ratio Rank: 8888
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.

PAWZ vs. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) and ProShares Ultra Semiconductors (USD). 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.

PAWZUSDDifference
Sharpe ratioReturn per unit of total volatility
-0.97
3.17

-4.14

Sortino ratioReturn per unit of downside risk
-1.34
3.03

-4.36

Omega ratioGain probability vs. loss probability

0.85

1.41

-0.56

Calmar ratioReturn relative to maximum drawdown

-0.75

6.60

-7.35

Martin ratioReturn relative to average drawdown

-1.77

18.41

-20.19

PAWZ vs. USD - Sharpe Ratio Comparison

The current PAWZ Sharpe Ratio is -0.97, which is lower than the USD Sharpe Ratio of 3.17. The chart below compares the historical Sharpe Ratios of PAWZ and USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

PAWZ vs. USD - Drawdown Comparison

The maximum PAWZ drawdown since its inception was -50.07%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for PAWZ and USD.

Loading charts...

Drawdown Indicators

PAWZUSDDifference

Max Drawdown

Largest peak-to-trough decline

-50.07%

-88.63%

+38.56%

Max Drawdown (1Y)

Largest decline over 1 year

-21.26%

-31.80%

+10.54%

Max Drawdown (3Y)

Largest decline over 3 years

-23.12%

-64.46%

+41.34%

Max Drawdown (5Y)

Largest decline over 5 years

-50.07%

-77.85%

+27.78%

Max Drawdown (10Y)

Largest decline over 10 years

—

-77.85%

—

Current Drawdown

Current decline from peak

-41.10%

-13.78%

-27.32%

Average Drawdown

Average peak-to-trough decline

-22.64%

-32.31%

+9.67%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.99%

11.37%

-2.38%

Volatility

PAWZ vs. USD - Volatility Comparison

The current volatility for ProShares Pet Care ETF (PAWZ) is 3.76%, while ProShares Ultra Semiconductors (USD) has a volatility of 30.44%. This indicates that PAWZ experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PAWZUSDDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.76%

30.44%

-26.68%

Volatility (6M)

Calculated over the trailing 6-month period

11.44%

52.44%

-41.00%

Volatility (1Y)

Calculated over the trailing 1-year period

16.53%

66.27%

-49.74%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.19%

77.41%

-57.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.64%

69.74%

-48.10%

PAWZ vs. USD - Expense Ratio Comparison

PAWZ has a 0.50% expense ratio, which is lower than USD's 0.95% expense ratio.

Dividends

PAWZ vs. USD - Dividend Comparison

PAWZ's dividend yield for the trailing twelve months is around 0.86%, more than USD's 0.25% yield.

PositionTTM20252024202320222021202020192018201720162015
PAWZ
ProShares Pet Care ETF		0.86%0.81%0.63%0.44%0.54%0.18%0.14%0.35%0.07%0.00%0.00%0.00%
USD
ProShares Ultra Semiconductors		0.25%0.39%0.10%0.05%0.30%0.00%0.14%0.72%0.93%0.32%0.46%0.39%

Frequently Asked Questions

PAWZ and USD have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

USD has higher volatility (30.44%) compared to PAWZ (3.76%). In terms of maximum drawdown, PAWZ dropped -50.07% vs USD's -88.63%.

On 5-year performance, USD leads with 64.11% vs -9.14% for PAWZ. On fees, PAWZ is cheaper at 0.50% per year. On volatility, PAWZ has been the lower-risk option at 3.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, USD has performed better with a 64.11% return vs -9.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

PAWZ is cheaper with a 0.50% expense ratio, compared with 0.95% for USD.

PAWZ has the higher dividend yield at 0.86%, compared with 0.25% for USD.

PAWZ is categorized as Global Equities, while USD is Leveraged Equities. PAWZ tracks FactSet Pet Care Index, while USD tracks Dow Jones U.S. Semiconductors Index (200%). Their fees differ too: 0.50% for PAWZ and 0.95% for USD.

USD currently has the higher Sharpe Ratio (3.17 vs -0.97), 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.

Portfolio Optimizer

Find the right allocation for PAWZ and USD

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer