REW vs. TSYX
REW (ProShares UltraShort Technology) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. REW is passively managed, while TSYX is actively managed. At a correlation of -0.85, they often move in opposite directions. REW charges 0.95%/yr vs 0.98%/yr for TSYX.
Performance
REW vs. TSYX - Performance Comparison
Loading charts...
Returns By Period
REW
- 1D
- 2.13%
- 1M
- -32.71%
- YTD
- -48.44%
- 6M
- -47.77%
- 1Y
- -65.29%
- 3Y*
- -47.19%
- 5Y*
- -40.21%
- 10Y*
- -45.16%
TSYX
- 1D
- -0.16%
- 1M
- 6.87%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
REW vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
REW ProShares UltraShort Technology | -46.50% |
TSYX TSPY Lift ETF | 8.70% |
Correlation
The correlation between REW and TSYX is -0.85, 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 Jan 8, 2026 | -0.85 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
REW vs. TSYX — Risk / Return Rank
REW
TSYX
REW vs. TSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) and TSPY Lift ETF (TSYX). 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.
| REW | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.69 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | — | — |
| Martin ratioReturn relative to average drawdown | -2.00 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| REW | TSYX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.56 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.78 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.79 | 1.28 | -2.07 |
Drawdowns
REW vs. TSYX - Drawdown Comparison
The maximum REW drawdown since its inception was -99.99%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for REW and TSYX.
Loading charts...
Drawdown Indicators
| REW | TSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -13.39% | -86.60% |
Max Drawdown (1Y)Largest decline over 1 year | -66.25% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -86.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -93.62% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.79% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -0.16% | -99.83% |
Average DrawdownAverage peak-to-trough decline | -86.88% | -2.97% | -83.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.60% | — | — |
Volatility
REW vs. TSYX - Volatility Comparison
Loading charts...
Volatility by Period
| REW | TSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.84% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 34.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 42.11% | 18.21% | +23.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.64% | 18.21% | +33.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.83% | 18.21% | +30.62% |
REW vs. TSYX - Expense Ratio Comparison
REW has a 0.95% expense ratio, which is lower than TSYX's 0.98% expense ratio.
Dividends
REW vs. TSYX - Dividend Comparison
REW's dividend yield for the trailing twelve months is around 11.04%, more than TSYX's 6.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
REW ProShares UltraShort Technology | 11.04% | 6.69% | 5.68% | 5.97% | 0.65% | 0.00% | 0.27% | 1.80% | 0.51% |
TSYX TSPY Lift ETF | 6.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
REW and TSYX have a correlation of -0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, REW is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
REW is cheaper with a 0.95% expense ratio, compared with 0.98% for TSYX.
REW has the higher dividend yield at 11.04%, compared with 6.17% for TSYX.
They also come from different issuers: ProShares and TappAlpha. Their fees differ too: 0.95% for REW and 0.98% for TSYX.
Find the right allocation for REW and TSYX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer