REGL vs. UVXY
REGL (ProShares S&P MidCap 400 Dividend Aristocrats ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - REGL is a Mid Cap Value Equities fund tracking the S&P MidCap 400 Dividend Aristocrats 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 10 years, REGL returned 9.34%/yr vs -72.11%/yr for UVXY. At a correlation of -0.56, they often move in opposite directions. REGL charges 0.40%/yr vs 0.95%/yr for UVXY.
Performance
REGL vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, REGL achieves a 10.33% return, which is significantly higher than UVXY's -33.76% return. Over the past 10 years, REGL has outperformed UVXY with an annualized return of 9.34%, while UVXY has yielded a comparatively lower -72.11% annualized return.
REGL
- 1D
- -0.28%
- 1M
- 1.99%
- 6M
- 6.64%
- YTD
- 10.33%
- 1Y
- 12.11%
- 3Y*
- 11.87%
- 5Y*
- 7.77%
- 10Y*
- 9.34%
UVXY
- 1D
- -2.14%
- 1M
- -17.16%
- 6M
- -33.16%
- YTD
- -33.76%
- 1Y
- -72.68%
- 3Y*
- -62.00%
- 5Y*
- -67.84%
- 10Y*
- -72.11%
REGL vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF | 10.33% | 6.89% | 12.26% | 5.41% | -0.62% | 20.38% | 7.50% | 18.79% | -3.25% | 10.17% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -33.76% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Correlation
The correlation between REGL and UVXY is -0.40, 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 | -0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 2015 | -0.56 |
The correlation between REGL and UVXY shifts across timeframes, from -0.56 (all time) to -0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
REGL vs. UVXY — Risk / Return Rank
REGL
UVXY
REGL vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) 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.
| REGL | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.82 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | -0.99 | +2.25 |
| Martin ratioReturn relative to average drawdown | 3.91 | -1.48 | +5.39 |
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Drawdowns
REGL vs. UVXY - Drawdown Comparison
The maximum REGL drawdown since its inception was -36.37%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for REGL and UVXY.
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Drawdown Indicators
| REGL | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.37% | -100.00% | +63.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.67% | -73.42% | +63.75% |
Max Drawdown (3Y)Largest decline over 3 years | -16.96% | -95.32% | +78.36% |
Max Drawdown (5Y)Largest decline over 5 years | -16.96% | -99.74% | +82.78% |
Max Drawdown (10Y)Largest decline over 10 years | -36.37% | -100.00% | +63.63% |
Current DrawdownCurrent decline from peak | -0.70% | -100.00% | +99.30% |
Average DrawdownAverage peak-to-trough decline | -4.06% | -98.75% | +94.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 49.12% | -46.01% |
Volatility
REGL vs. UVXY - Volatility Comparison
The current volatility for ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is 3.43%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 20.24%. This indicates that REGL 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
| REGL | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.43% | 20.24% | -16.81% |
Volatility (6M)Calculated over the trailing 6-month period | 9.32% | 66.67% | -57.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.08% | 85.34% | -72.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.04% | 103.83% | -87.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 112.04% | -93.75% |
REGL vs. UVXY - Expense Ratio Comparison
REGL has a 0.40% expense ratio, which is lower than UVXY's 0.95% expense ratio.
Dividends
REGL vs. UVXY - Dividend Comparison
REGL's dividend yield for the trailing twelve months is around 2.21%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REGL ProShares S&P MidCap 400 Dividend Aristocrats ETF | 2.21% | 2.32% | 2.28% | 2.40% | 2.32% | 2.50% | 2.41% | 1.96% | 2.09% | 1.63% | 1.20% | 1.66% |
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% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
REGL and UVXY have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (20.24%) compared to REGL (3.43%). In terms of maximum drawdown, REGL dropped -36.37% vs UVXY's -100.00%.
On 10-year performance, REGL leads with 9.34% vs -72.11% for UVXY. On fees, REGL is cheaper at 0.40% per year. On volatility, REGL has been the lower-risk option at 3.43%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, REGL has performed better with a 9.34% return vs -72.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REGL is cheaper with a 0.40% expense ratio, compared with 0.95% for UVXY.
REGL has the higher dividend yield at 2.21%, compared with 0.00% for UVXY.
REGL is categorized as Mid Cap Value Equities, while UVXY is Volatility. REGL tracks S&P MidCap 400 Dividend Aristocrats Index, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.40% for REGL and 0.95% for UVXY.
REGL currently has the higher Sharpe Ratio (0.93 vs -0.85), 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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