PBRG vs. UYG

Last updated Jul 11, 2026

PBRG (Leverage Shares 2X Long PBR Daily ETF) and UYG (ProShares Ultra Financials) are both Leveraged Equities funds - PBRG tracks the Petroleo Brasileiro S.A. (PBR) while UYG tracks the Dow Jones U.S. Financials Index (200%). Both are passively managed. At a correlation of -0.16, they often move in opposite directions. PBRG charges 0.75%/yr vs 0.95%/yr for UYG.

Performance

PBRG vs. UYG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long PBR Daily ETF (PBRG) and ProShares Ultra Financials (UYG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBRG achieves a 97.07% return, which is significantly higher than UYG's 0.68% return.

PBRG

• 1D: 3.66%
• 1M: -12.33%
• 6M: 96.94%
• YTD: 97.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UYG

• 1D: 0.62%
• 1M: 9.25%
• 6M: -2.46%
• YTD: 0.68%
• 1Y: 8.77%
• 3Y*: 30.65%
• 5Y*: 13.05%
• 10Y*: 18.08%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBRG vs. UYG - Yearly Performance Comparison

	2026 (YTD)	2025
PBRG Leverage Shares 2X Long PBR Daily ETF	97.07%	6.30%
UYG ProShares Ultra Financials	0.68%	1.29%

Correlation

The correlation between PBRG and UYG is -0.16, 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 (All Time) Calculated using the full available price history since Dec 18, 2025	-0.16

Return for Risk

PBRG vs. UYG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBRG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UYG

UYG Risk / Return Rank: 13
UYG Sharpe Ratio Rank: 13
UYG Sortino Ratio Rank: 14
UYG Omega Ratio Rank: 13
UYG Calmar Ratio Rank: 12
UYG Martin Ratio Rank: 12

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.

PBRG vs. UYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PBR Daily ETF (PBRG) and ProShares Ultra Financials (UYG). 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.

	PBRG	UYG	Difference
Sharpe ratio: Return per unit of total volatility	—	0.22	—
Sortino ratio: Return per unit of downside risk	—	0.49	—
Omega ratio: Gain probability vs. loss probability	—	1.06	—
Calmar ratio: Return relative to maximum drawdown	—	0.22	—
Martin ratio: Return relative to average drawdown	—	0.52	—

Drawdowns

PBRG vs. UYG - Drawdown Comparison

The maximum PBRG drawdown since its inception was -47.87%, smaller than the maximum UYG drawdown of -97.90%. Use the drawdown chart below to compare losses from any high point for PBRG and UYG.

Drawdown Indicators

	PBRG	UYG	Difference
Max Drawdown Largest peak-to-trough decline	-47.87%	-97.90%	+50.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-28.91%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-69.98%	—
Current Drawdown Current decline from peak	-38.99%	-4.92%	-34.07%
Average Drawdown Average peak-to-trough decline	-12.18%	-63.09%	+50.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	12.39%	—

Volatility

Volatility by Period

	PBRG	UYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.51%	—
Volatility (6M) Calculated over the trailing 6-month period	—	22.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	69.01%	29.46%	+39.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	69.01%	36.15%	+32.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.01%	40.88%	+28.13%

PBRG vs. UYG - Expense Ratio Comparison

PBRG has a 0.75% expense ratio, which is lower than UYG's 0.95% expense ratio.

Dividends

PBRG vs. UYG - Dividend Comparison

PBRG has not paid dividends to shareholders, while UYG's dividend yield for the trailing twelve months is around 11.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBRG Leverage Shares 2X Long PBR Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UYG ProShares Ultra Financials	11.59%	11.72%	0.51%	0.79%	0.77%	9.39%	0.66%	0.90%	1.28%	0.56%	0.76%	0.72%

Frequently Asked Questions

Can I hold both PBRG and UYG in my portfolio?

PBRG and UYG have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PBRG or UYG?

On fees, PBRG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PBRG or UYG?

PBRG is cheaper with a 0.75% expense ratio, compared with 0.95% for UYG.

Which ETF pays a higher dividend yield, PBRG or UYG?

UYG has the higher dividend yield at 11.59%, compared with 0.00% for PBRG.

What is the main difference between PBRG and UYG?

PBRG tracks Petroleo Brasileiro S.A. (PBR), while UYG tracks Dow Jones U.S. Financials Index (200%). They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for PBRG and 0.95% for UYG.