PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PME.AX vs. UPRO
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PME.AX vs. UPRO

Last updated Apr 1, 2026

Compare and contrast key facts about Pro Medicus Limited (PME.AX) and ProShares UltraPro S&P 500 (UPRO).

UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.

Performance

PME.AX vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Pro Medicus Limited (PME.AX) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

Loading graphics...

PME.AX vs. UPRO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PME.AX
Pro Medicus Limited		-46.93%-11.52%161.84%74.19%-11.11%83.31%53.66%106.06%25.55%83.18%
UPRO
ProShares UltraPro S&P 500		-18.92%22.30%80.03%68.66%-53.99%110.28%0.42%103.24%-17.09%58.32%
Different Trading Currencies

PME.AX is traded in AUD, while UPRO is traded in USD. To make them comparable, the UPRO values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, PME.AX achieves a -46.93% return, which is significantly lower than UPRO's -24.85% return. Over the past 10 years, PME.AX has outperformed UPRO with an annualized return of 43.00%, while UPRO has yielded a comparatively lower 25.62% annualized return.

PME.AX

1D
2.01%
1M
-10.08%
YTD
-46.93%
6M
-61.98%
1Y
-41.27%
3Y*
22.74%
5Y*
22.42%
10Y*
43.00%

UPRO

1D
0.00%
1M
-19.55%
YTD
-24.85%
6M
-22.48%
1Y
11.01%
3Y*
32.38%
5Y*
17.13%
10Y*
25.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

Pro Medicus Limited

ProShares UltraPro S&P 500

Often compared with PME.AX:
PME.AX vs. WTC.AXPME.AX vs. XRO.AXPME.AX vs. FMG.AXPME.AX vs. SNL.AXPME.AX vs. HUB.AXPME.AX vs. 360.AXPME.AX vs. TQQQ
Often compared with UPRO:
UPRO vs. SPYUPRO vs. TQQQUPRO vs. SPXLUPRO vs. SSOUPRO vs. VOOUPRO vs. QLDUPRO vs. SPXU

Return for Risk

PME.AX vs. UPRO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PME.AX
PME.AX Risk / Return Rank: 1313
Overall Rank
PME.AX Sharpe Ratio Rank: 88
Sharpe Ratio Rank
PME.AX Sortino Ratio Rank: 1111
Sortino Ratio Rank
PME.AX Omega Ratio Rank: 1010
Omega Ratio Rank
PME.AX Calmar Ratio Rank: 2121
Calmar Ratio Rank
PME.AX Martin Ratio Rank: 1313
Martin Ratio Rank
UPRO
UPRO Risk / Return Rank: 4545
Overall Rank
UPRO Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
UPRO Sortino Ratio Rank: 4646
Sortino Ratio Rank
UPRO Omega Ratio Rank: 4949
Omega Ratio Rank
UPRO Calmar Ratio Rank: 4545
Calmar Ratio Rank
UPRO Martin Ratio Rank: 4747
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.

PME.AX vs. UPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pro Medicus Limited (PME.AX) 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.

PME.AXUPRODifference

Sharpe ratio

Return per unit of total volatility

-0.84

0.22

-1.06

Sortino ratio

Return per unit of downside risk

-1.05

0.66

-1.71

Omega ratio

Gain probability vs. loss probability

0.85

1.10

-0.25

Calmar ratio

Return relative to maximum drawdown

-0.61

0.45

-1.06

Martin ratio

Return relative to average drawdown

-1.40

1.44

-2.83

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PME.AX vs. UPRO - Sharpe Ratio Comparison

The current PME.AX Sharpe Ratio is -0.84, which is lower than the UPRO Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of PME.AX and UPRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Loading graphics...

Sharpe Ratios by Period

PME.AXUPRODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.84

0.22

-1.06

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.55

0.38

+0.17

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.99

0.51

+0.48

Sharpe Ratio (All Time)

Calculated using the full available price history

0.45

0.66

-0.21

Correlation

The correlation between PME.AX and UPRO is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PME.AX vs. UPRO - Dividend Comparison

PME.AX's dividend yield for the trailing twelve months is around 0.53%, less than UPRO's 1.04% yield.

TTM20252024202320222021202020192018201720162015
PME.AX
Pro Medicus Limited		0.53%0.25%0.16%0.31%0.40%0.24%0.35%0.31%0.55%0.46%0.62%0.60%
UPRO
ProShares UltraPro S&P 500		1.04%0.84%0.93%0.74%0.52%0.06%0.11%0.41%0.63%0.00%0.12%0.34%

Drawdowns

PME.AX vs. UPRO - Drawdown Comparison

The maximum PME.AX drawdown since its inception was -88.06%, which is greater than UPRO's maximum drawdown of -73.43%. Use the drawdown chart below to compare losses from any high point for PME.AX and UPRO.

Loading graphics...

Drawdown Indicators

PME.AXUPRODifference

Max Drawdown

Largest peak-to-trough decline

-88.06%

-76.82%

-11.24%

Max Drawdown (1Y)

Largest decline over 1 year

-67.24%

-33.38%

-33.86%

Max Drawdown (5Y)

Largest decline over 5 years

-67.24%

-63.94%

-3.30%

Max Drawdown (10Y)

Largest decline over 10 years

-67.24%

-76.82%

+9.58%

Current Drawdown

Current decline from peak

-64.49%

-20.48%

-44.01%

Average Drawdown

Average peak-to-trough decline

-28.57%

-14.53%

-14.04%

Ulcer Index

Depth and duration of drawdowns from previous peaks

29.45%

8.33%

+21.12%

Volatility

PME.AX vs. UPRO - Volatility Comparison

Pro Medicus Limited (PME.AX) has a higher volatility of 17.13% compared to ProShares UltraPro S&P 500 (UPRO) at 11.07%. This indicates that PME.AX's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading graphics...

Volatility by Period

PME.AXUPRODifference

Volatility (1M)

Calculated over the trailing 1-month period

17.13%

11.07%

+6.06%

Volatility (6M)

Calculated over the trailing 6-month period

43.81%

24.18%

+19.63%

Volatility (1Y)

Calculated over the trailing 1-year period

49.28%

49.54%

-0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

40.67%

45.71%

-5.04%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

43.24%

50.19%

-6.95%