REZ vs. USD
REZ (iShares Residential and Multisector Real Estate ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - REZ is a REIT fund tracking the FTSE NAREIT All Residential Capped Index, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 10 years, REZ returned 6.93%/yr vs 56.23%/yr for USD. At a 0.31 correlation, their price movements are largely independent. REZ charges 0.48%/yr vs 0.95%/yr for USD.
Performance
REZ vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, REZ achieves a 19.38% return, which is significantly lower than USD's 63.25% return. Over the past 10 years, REZ has underperformed USD with an annualized return of 6.93%, while USD has yielded a comparatively higher 56.23% annualized return.
REZ
- 1D
- 3.14%
- 1M
- 7.54%
- 6M
- 15.80%
- YTD
- 19.38%
- 1Y
- 20.80%
- 3Y*
- 12.17%
- 5Y*
- 4.61%
- 10Y*
- 6.93%
USD
- 1D
- -7.37%
- 1M
- -12.52%
- 6M
- 51.62%
- YTD
- 63.25%
- 1Y
- 108.17%
- 3Y*
- 94.08%
- 5Y*
- 61.69%
- 10Y*
- 56.23%
REZ vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential and Multisector Real Estate ETF | 19.38% | 4.80% | 12.73% | 10.97% | -28.31% | 47.86% | -6.62% | 24.49% | 3.89% | 3.87% |
USD ProShares Ultra Semiconductors | 63.25% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between REZ and USD is -0.17, 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 | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 4, 2007 | 0.31 |
The correlation between REZ and USD shifts across timeframes, from -0.17 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
REZ vs. USD — Risk / Return Rank
REZ
USD
REZ vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Residential and Multisector Real Estate ETF (REZ) and ProShares Ultra Semiconductors (USD). 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.
| REZ | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 3.42 | -1.04 |
| Martin ratioReturn relative to average drawdown | 7.17 | 8.81 | -1.63 |
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Drawdowns
REZ vs. USD - Drawdown Comparison
The maximum REZ drawdown since its inception was -66.87%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for REZ and USD.
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Drawdown Indicators
| REZ | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.87% | -88.63% | +21.76% |
Max Drawdown (1Y)Largest decline over 1 year | -8.76% | -31.80% | +23.04% |
Max Drawdown (3Y)Largest decline over 3 years | -18.39% | -64.46% | +46.07% |
Max Drawdown (5Y)Largest decline over 5 years | -35.05% | -77.85% | +42.80% |
Max Drawdown (10Y)Largest decline over 10 years | -44.15% | -77.85% | +33.70% |
Current DrawdownCurrent decline from peak | 0.00% | -24.58% | +24.58% |
Average DrawdownAverage peak-to-trough decline | -12.62% | -32.25% | +19.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 12.32% | -9.41% |
Volatility
REZ vs. USD - Volatility Comparison
The current volatility for iShares Residential and Multisector Real Estate ETF (REZ) is 6.21%, while ProShares Ultra Semiconductors (USD) has a volatility of 30.75%. This indicates that REZ experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REZ | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 30.75% | -24.54% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 58.47% | -46.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.70% | 71.05% | -55.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.09% | 78.28% | -59.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.61% | 70.10% | -48.49% |
REZ vs. USD - Expense Ratio Comparison
REZ has a 0.48% expense ratio, which is lower than USD's 0.95% expense ratio.
Dividends
REZ vs. USD - Dividend Comparison
REZ's dividend yield for the trailing twelve months is around 1.92%, more than USD's 0.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
REZ iShares Residential and Multisector Real Estate ETF | 1.92% | 2.74% | 2.26% | 2.94% | 3.37% | 1.81% | 3.17% | 2.90% | 3.63% | 3.57% | 5.55% | 3.18% |
USD ProShares Ultra Semiconductors | 0.35% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
REZ and USD have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (30.75%) compared to REZ (6.21%). In terms of maximum drawdown, REZ dropped -66.87% vs USD's -88.63%.
On 10-year performance, USD leads with 56.23% vs 6.93% for REZ. On fees, REZ is cheaper at 0.48% per year. On volatility, REZ has been the lower-risk option at 6.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USD has performed better with a 56.23% return vs 6.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
REZ is cheaper with a 0.48% expense ratio, compared with 0.95% for USD.
REZ has the higher dividend yield at 1.92%, compared with 0.35% for USD.
REZ is categorized as REIT, while USD is Leveraged Equities. REZ tracks FTSE NAREIT All Residential Capped Index, while USD tracks Dow Jones U.S. Semiconductors Index (200%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.48% for REZ and 0.95% for USD.
USD currently has the higher Sharpe Ratio (1.53 vs 1.33), 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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