RXD vs. FTXH
RXD (ProShares UltraShort Health Care) and FTXH (First Trust Nasdaq Pharmaceuticals ETF) are both exchange-traded funds - RXD is a Leveraged Equities fund tracking the DJ Global United States (All) / Health Care -IND (-200%), while FTXH is a Health & Biotech Equities fund tracking the Nasdaq U.S. Smart Pharmaceuticals Index. Both are passively managed. Over the past 5 years, RXD returned -8.16%/yr vs 10.03%/yr for FTXH. At a correlation of -0.71, they often move in opposite directions. RXD charges 0.95%/yr vs 0.60%/yr for FTXH.
Performance
RXD vs. FTXH - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a -8.21% return, which is significantly lower than FTXH's 17.82% return.
RXD
- 1D
- 1.08%
- 1M
- -13.60%
- 6M
- -7.32%
- YTD
- -8.21%
- 1Y
- -32.56%
- 3Y*
- -10.10%
- 5Y*
- -8.16%
- 10Y*
- -19.72%
FTXH
- 1D
- 0.32%
- 1M
- 8.71%
- 6M
- 16.77%
- YTD
- 17.82%
- 1Y
- 48.39%
- 3Y*
- 15.64%
- 5Y*
- 10.03%
- 10Y*
- —
RXD vs. FTXH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -8.21% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
FTXH First Trust Nasdaq Pharmaceuticals ETF | 17.82% | 24.15% | 2.98% | -1.41% | 2.55% | 6.14% | 11.73% | 22.13% | -9.51% | 19.44% |
Correlation
The correlation between RXD and FTXH is -0.87, 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 | -0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.82 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2016 | -0.71 |
The correlation between RXD and FTXH shifts across timeframes, from -0.87 (1 year) to -0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
RXD vs. FTXH — Risk / Return Rank
RXD
FTXH
RXD vs. FTXH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) and First Trust Nasdaq Pharmaceuticals ETF (FTXH). 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.
| RXD | FTXH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.83 | ||
| Sortino ratioReturn per unit of downside risk | -5.51 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.47 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 6.51 | -7.35 |
| Martin ratioReturn relative to average drawdown | -1.32 | 19.01 | -20.33 |
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Drawdowns
RXD vs. FTXH - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.67%, which is greater than FTXH's maximum drawdown of -32.11%. Use the drawdown chart below to compare losses from any high point for RXD and FTXH.
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Drawdown Indicators
| RXD | FTXH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.67% | -32.11% | -67.56% |
Max Drawdown (1Y)Largest decline over 1 year | -38.77% | -7.47% | -31.30% |
Max Drawdown (3Y)Largest decline over 3 years | -40.62% | -19.51% | -21.11% |
Max Drawdown (5Y)Largest decline over 5 years | -44.27% | -19.51% | -24.76% |
Max Drawdown (10Y)Largest decline over 10 years | -91.23% | — | — |
Current DrawdownCurrent decline from peak | -99.66% | -2.05% | -97.61% |
Average DrawdownAverage peak-to-trough decline | -81.97% | -5.78% | -76.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.71% | 2.56% | +22.15% |
Volatility
RXD vs. FTXH - Volatility Comparison
ProShares UltraShort Health Care (RXD) has a higher volatility of 12.14% compared to First Trust Nasdaq Pharmaceuticals ETF (FTXH) at 5.71%. This indicates that RXD's price experiences larger fluctuations and is considered to be riskier than FTXH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RXD | FTXH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.14% | 5.71% | +6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 23.66% | 12.62% | +11.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.44% | 17.44% | +14.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.24% | 16.52% | +13.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.07% | 18.44% | +14.63% |
RXD vs. FTXH - Expense Ratio Comparison
RXD has a 0.95% expense ratio, which is higher than FTXH's 0.60% expense ratio.
Dividends
RXD vs. FTXH - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 3.24%, more than FTXH's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FTXH First Trust Nasdaq Pharmaceuticals ETF | 1.10% | 1.41% | 1.66% | 1.55% | 1.11% | 1.03% | 0.82% | 0.67% | 0.91% | 2.18% | 0.19% |
RXD ProShares UltraShort Health Care | 3.24% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% | 0.00% | 0.00% |
Frequently Asked Questions
RXD and FTXH have a correlation of -0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RXD has higher volatility (12.14%) compared to FTXH (5.71%). In terms of maximum drawdown, RXD dropped -99.67% vs FTXH's -32.11%.
On 5-year performance, FTXH leads with 10.03% vs -8.16% for RXD. On fees, FTXH is cheaper at 0.60% per year. On volatility, FTXH has been the lower-risk option at 5.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FTXH has performed better with a 10.03% return vs -8.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTXH is cheaper with a 0.60% expense ratio, compared with 0.95% for RXD.
RXD has the higher dividend yield at 3.24%, compared with 1.10% for FTXH.
RXD is categorized as Leveraged Equities, while FTXH is Health & Biotech Equities. RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while FTXH tracks Nasdaq U.S. Smart Pharmaceuticals Index. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.95% for RXD and 0.60% for FTXH.
FTXH currently has the higher Sharpe Ratio (2.79 vs -1.04), 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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