PAWZ vs. UVXY
PAWZ (ProShares Pet Care ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - PAWZ is a Global Equities fund tracking the FactSet Pet Care Index, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 5 years, PAWZ returned -9.18%/yr vs -68.45%/yr for UVXY. At a correlation of -0.56, they often move in opposite directions. PAWZ charges 0.50%/yr vs 0.95%/yr for UVXY.
Performance
PAWZ vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, PAWZ achieves a -10.10% return, which is significantly higher than UVXY's -32.81% return.
PAWZ
- 1D
- 0.32%
- 1M
- 3.89%
- 6M
- -11.01%
- YTD
- -10.10%
- 1Y
- -15.01%
- 3Y*
- 0.04%
- 5Y*
- -9.18%
- 10Y*
- —
UVXY
- 1D
- 1.47%
- 1M
- -21.32%
- 6M
- -30.49%
- YTD
- -32.81%
- 1Y
- -74.14%
- 3Y*
- -63.38%
- 5Y*
- -68.45%
- 10Y*
- -72.32%
PAWZ vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PAWZ ProShares Pet Care ETF | -10.10% | 1.21% | 3.88% | 12.47% | -40.08% | 10.46% | 61.69% | 22.95% | -8.52% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -32.81% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 43.01% |
Correlation
The correlation between PAWZ and UVXY is -0.41, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.54 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | -0.56 |
The correlation between PAWZ and UVXY shifts across timeframes, from -0.56 (all time) to -0.41 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PAWZ vs. UVXY — Risk / Return Rank
PAWZ
UVXY
PAWZ vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Pet Care ETF (PAWZ) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.
| PAWZ | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.81 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | -1.01 | +0.30 |
| Martin ratioReturn relative to average drawdown | -1.54 | -1.50 | -0.05 |
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Drawdowns
PAWZ vs. UVXY - Drawdown Comparison
The maximum PAWZ drawdown since its inception was -50.07%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for PAWZ and UVXY.
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Drawdown Indicators
| PAWZ | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.07% | -100.00% | +49.93% |
Max Drawdown (1Y)Largest decline over 1 year | -21.10% | -73.63% | +52.53% |
Max Drawdown (3Y)Largest decline over 3 years | -23.12% | -95.20% | +72.08% |
Max Drawdown (5Y)Largest decline over 5 years | -50.07% | -99.73% | +49.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -40.19% | -100.00% | +59.81% |
Average DrawdownAverage peak-to-trough decline | -22.77% | -98.75% | +75.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.75% | 51.07% | -41.32% |
Volatility
PAWZ vs. UVXY - Volatility Comparison
The current volatility for ProShares Pet Care ETF (PAWZ) is 5.29%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 25.43%. This indicates that PAWZ experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAWZ | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.29% | 25.43% | -20.14% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 66.44% | -54.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.01% | 85.25% | -68.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.28% | 103.98% | -83.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.64% | 112.02% | -90.38% |
PAWZ vs. UVXY - Expense Ratio Comparison
PAWZ has a 0.50% expense ratio, which is lower than UVXY's 0.95% expense ratio.
Dividends
PAWZ vs. UVXY - Dividend Comparison
PAWZ's dividend yield for the trailing twelve months is around 0.71%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
PAWZ ProShares Pet Care ETF | 0.71% | 0.81% | 0.63% | 0.44% | 0.54% | 0.18% | 0.14% | 0.35% | 0.07% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PAWZ and UVXY have a correlation of -0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (25.43%) compared to PAWZ (5.29%). In terms of maximum drawdown, PAWZ dropped -50.07% vs UVXY's -100.00%.
On 5-year performance, PAWZ leads with -9.18% vs -68.45% for UVXY. On fees, PAWZ is cheaper at 0.50% per year. On volatility, PAWZ has been the lower-risk option at 5.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PAWZ has performed better with a -9.18% return vs -68.45%. 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 UVXY.
PAWZ has the higher dividend yield at 0.71%, compared with 0.00% for UVXY.
PAWZ is categorized as Global Equities, while UVXY is Volatility. PAWZ tracks FactSet Pet Care Index, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.50% for PAWZ and 0.95% for UVXY.
UVXY currently has the higher Sharpe Ratio (-0.87 vs -0.89), 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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