REW vs. ^GSPC
Compare and contrast key facts about ProShares UltraShort Technology (REW) and S&P 500 (^GSPC).
REW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Technology Index (-200%). It was launched on Jan 30, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: REW or ^GSPC.
Key characteristics
| REW | ^GSPC | |
|---|---|---|
| YTD Return | -31.99% | 21.88% |
| 1Y Return | -50.37% | 38.63% |
| 3Y Return (Ann) | -27.30% | 8.10% |
| 5Y Return (Ann) | -45.43% | 13.69% |
| 10Y Return (Ann) | -39.99% | 11.18% |
| Sharpe Ratio | -1.17 | 3.27 |
| Sortino Ratio | -1.97 | 4.32 |
| Omega Ratio | 0.78 | 1.61 |
| Calmar Ratio | -0.51 | 3.15 |
| Martin Ratio | -1.33 | 21.07 |
| Ulcer Index | 38.40% | 1.88% |
| Daily Std Dev | 43.73% | 12.10% |
| Max Drawdown | -99.98% | -56.78% |
| Current Drawdown | -99.98% | -0.87% |
Correlation
The correlation between REW and ^GSPC is -0.84. 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.
Performance
REW vs. ^GSPC - Performance Comparison
In the year-to-date period, REW achieves a -31.99% return, which is significantly lower than ^GSPC's 21.88% return. Over the past 10 years, REW has underperformed ^GSPC with an annualized return of -39.99%, while ^GSPC has yielded a comparatively higher 11.18% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
REW vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) and S&P 500 (^GSPC). 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.
Drawdowns
REW vs. ^GSPC - Drawdown Comparison
The maximum REW drawdown since its inception was -99.98%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for REW and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
REW vs. ^GSPC - Volatility Comparison
ProShares UltraShort Technology (REW) has a higher volatility of 8.94% compared to S&P 500 (^GSPC) at 2.54%. This indicates that REW's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.