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REW vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between REW and SPY is -0.83. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0-0.8

Performance

REW vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Technology (REW) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%400.00%500.00%JulyAugustSeptemberOctoberNovemberDecember
-77.63%
472.76%
REW
SPY

Key characteristics

Sharpe Ratio

REW:

-0.83

SPY:

2.21

Sortino Ratio

REW:

-1.16

SPY:

2.93

Omega Ratio

REW:

0.87

SPY:

1.41

Calmar Ratio

REW:

-0.37

SPY:

3.26

Martin Ratio

REW:

-1.29

SPY:

14.43

Ulcer Index

REW:

28.73%

SPY:

1.90%

Daily Std Dev

REW:

45.00%

SPY:

12.41%

Max Drawdown

REW:

-99.98%

SPY:

-55.19%

Current Drawdown

REW:

-99.98%

SPY:

-2.74%

Returns By Period

In the year-to-date period, REW achieves a -35.44% return, which is significantly lower than SPY's 25.54% return. Over the past 10 years, REW has underperformed SPY with an annualized return of -39.56%, while SPY has yielded a comparatively higher 12.97% annualized return.


REW

YTD

-35.44%

1M

-3.90%

6M

-9.27%

1Y

-35.76%

5Y*

-44.26%

10Y*

-39.56%

SPY

YTD

25.54%

1M

-0.42%

6M

8.90%

1Y

25.98%

5Y*

14.66%

10Y*

12.97%

Compare stocks, funds, or ETFs

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


REW vs. SPY - Expense Ratio Comparison

REW has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.


REW
ProShares UltraShort Technology
Expense ratio chart for REW: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for SPY: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

REW vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) and SPDR S&P 500 ETF (SPY). 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.


Sharpe ratio
The chart of Sharpe ratio for REW, currently valued at -0.83, compared to the broader market0.002.004.00-0.832.21
The chart of Sortino ratio for REW, currently valued at -1.16, compared to the broader market-2.000.002.004.006.008.0010.00-1.162.93
The chart of Omega ratio for REW, currently valued at 0.87, compared to the broader market0.501.001.502.002.503.000.871.41
The chart of Calmar ratio for REW, currently valued at -0.37, compared to the broader market0.005.0010.0015.00-0.373.26
The chart of Martin ratio for REW, currently valued at -1.29, compared to the broader market0.0020.0040.0060.0080.00100.00-1.2914.43
REW
SPY

The current REW Sharpe Ratio is -0.83, which is lower than the SPY Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of REW and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.83
2.21
REW
SPY

Dividends

REW vs. SPY - Dividend Comparison

REW's dividend yield for the trailing twelve months is around 4.09%, more than SPY's 0.86% yield.


TTM20232022202120202019201820172016201520142013
REW
ProShares UltraShort Technology
4.09%5.98%0.22%0.00%0.28%1.80%0.50%0.00%0.00%0.00%0.00%0.00%
SPY
SPDR S&P 500 ETF
0.86%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

REW vs. SPY - Drawdown Comparison

The maximum REW drawdown since its inception was -99.98%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for REW and SPY. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-99.98%
-2.74%
REW
SPY

Volatility

REW vs. SPY - Volatility Comparison

ProShares UltraShort Technology (REW) has a higher volatility of 10.32% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that REW's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%25.00%JulyAugustSeptemberOctoberNovemberDecember
10.32%
3.72%
REW
SPY
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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