RXD vs. USD
RXD (ProShares UltraShort Health Care) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds from ProShares - RXD tracks the DJ Global United States (All) / Health Care -IND (-200%) while USD tracks the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 10 years, RXD returned -19.08%/yr vs 61.24%/yr for USD. At a correlation of -0.42, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
RXD vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a 4.25% return, which is significantly lower than USD's 103.32% return. Over the past 10 years, RXD has underperformed USD with an annualized return of -19.08%, while USD has yielded a comparatively higher 61.24% annualized return.
RXD
- 1D
- -5.76%
- 1M
- -8.56%
- YTD
- 4.25%
- 6M
- 2.28%
- 1Y
- -22.97%
- 3Y*
- -6.72%
- 5Y*
- -7.99%
- 10Y*
- -19.08%
USD
- 1D
- -4.99%
- 1M
- 31.62%
- YTD
- 103.32%
- 6M
- 97.79%
- 1Y
- 250.81%
- 3Y*
- 125.78%
- 5Y*
- 67.80%
- 10Y*
- 61.24%
RXD vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 4.25% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
USD ProShares Ultra Semiconductors | 103.32% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
Correlation
The correlation between RXD and USD is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | -0.42 |
Over the past year, the inverse relationship between RXD and USD has weakened: their correlation has moved from -0.42 to -0.01, meaning they move in opposite directions less often than they have historically.
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Return for Risk
RXD vs. USD — Risk / Return Rank
RXD
USD
RXD vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) 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.
| RXD | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.89 | ||
| Sortino ratioReturn per unit of downside risk | -4.54 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.48 | -0.60 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 7.94 | -8.61 |
| Martin ratioReturn relative to average drawdown | -1.04 | 22.96 | -24.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RXD | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.77 | 4.12 | -4.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.89 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.58 | 0.89 | -1.47 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.65 | 0.49 | -1.14 |
Drawdowns
RXD vs. USD - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.65%, which is greater than USD's maximum drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for RXD and USD.
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Drawdown Indicators
| RXD | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -88.63% | -11.02% |
Max Drawdown (1Y)Largest decline over 1 year | -34.63% | -31.80% | -2.83% |
Max Drawdown (3Y)Largest decline over 3 years | -36.60% | -64.46% | +27.86% |
Max Drawdown (5Y)Largest decline over 5 years | -40.53% | -77.85% | +37.32% |
Max Drawdown (10Y)Largest decline over 10 years | -90.64% | -77.85% | -12.79% |
Current DrawdownCurrent decline from peak | -99.61% | -6.07% | -93.54% |
Average DrawdownAverage peak-to-trough decline | -81.88% | -32.35% | -49.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.14% | 10.98% | +11.16% |
Volatility
RXD vs. USD - Volatility Comparison
The current volatility for ProShares UltraShort Health Care (RXD) is 10.19%, while ProShares Ultra Semiconductors (USD) has a volatility of 21.29%. This indicates that RXD 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
| RXD | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.19% | 21.29% | -11.10% |
Volatility (6M)Calculated over the trailing 6-month period | 21.87% | 46.74% | -24.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.03% | 61.28% | -31.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.85% | 76.56% | -46.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.00% | 69.24% | -36.24% |
RXD vs. USD - Expense Ratio Comparison
Both RXD and USD have an expense ratio of 0.95%.
Dividends
RXD vs. USD - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 2.69%, more than USD's 0.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 2.69% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.23% | 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
RXD and USD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (21.29%) compared to RXD (10.19%). In terms of maximum drawdown, RXD dropped -99.65% vs USD's -88.63%.
On 10-year performance, USD leads with 61.24% vs -19.08% for RXD. Both ETFs have the same 0.95% expense ratio. On volatility, RXD has been the lower-risk option at 10.19%. 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 61.24% return vs -19.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RXD and USD have the same expense ratio: 0.95% per year.
RXD has the higher dividend yield at 2.69%, compared with 0.23% for USD.
RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while USD tracks Dow Jones U.S. Semiconductors Index (200%).
USD currently has the higher Sharpe Ratio (4.12 vs -0.77), 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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