RXD vs. UVXY
RXD (ProShares UltraShort Health Care) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - RXD is a Leveraged Equities fund tracking the DJ Global United States (All) / Health Care -IND (-200%), while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 10 years, RXD returned -19.63%/yr vs -71.50%/yr for UVXY. Their 0.48 correlation means their historical movements had little consistent relationship. Both charge a 0.95% expense ratio.
Performance
RXD vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a -10.24% return, which is significantly higher than UVXY's -35.24% return. Over the past 10 years, RXD has outperformed UVXY with an annualized return of -19.63%, while UVXY has yielded a comparatively lower -71.50% annualized return.
RXD
- 1D
- 0.47%
- 1M
- 0.46%
- 6M
- -10.79%
- YTD
- -10.24%
- 1Y
- -35.49%
- 3Y*
- -10.24%
- 5Y*
- -7.59%
- 10Y*
- -19.63%
- ALL TIME*
- -22.75%
UVXY
- 1D
- -4.24%
- 1M
- -6.17%
- 6M
- -37.50%
- YTD
- -35.24%
- 1Y
- -73.24%
- 3Y*
- -61.42%
- 5Y*
- -68.18%
- 10Y*
- -71.50%
- ALL TIME*
- -80.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $208.34K | $158.30K | $97.64K | |
| $190.03M | $191.90M | $239.87M |
RXD vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | -10.24% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -35.24% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Correlation
The correlation between RXD and UVXY is 0.27, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.27 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011 | 0.48 |
Over the past year, the correlation between RXD and UVXY has dropped to 0.27 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
RXD vs. UVXY — Risk / Return Rank
RXD
UVXY
RXD vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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 | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.85 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.95 | +0.06 |
| Martin ratioReturn relative to average drawdown | -1.40 | -1.35 | -0.05 |
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Drawdowns
RXD vs. UVXY - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.68%, roughly equal to the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for RXD and UVXY.
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Drawdown Indicators
| RXD | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.68% | -100.00% | +0.32% |
Max Drawdown (1Y)Largest decline over 1 year | -40.79% | -73.88% | +33.09% |
Max Drawdown (3Y)Largest decline over 3 years | -42.58% | -95.42% | +52.84% |
Max Drawdown (5Y)Largest decline over 5 years | -46.11% | -99.68% | +53.57% |
Max Drawdown (10Y)Largest decline over 10 years | -91.52% | -100.00% | +8.48% |
Current DrawdownCurrent decline from peak | -99.67% | -100.00% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -82.00% | -98.76% | +16.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 25.78% | 51.60% | -25.82% |
Volatility
RXD vs. UVXY - Volatility Comparison
The current volatility for ProShares UltraShort Health Care (RXD) is 11.80%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 22.30%. This indicates that RXD experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RXD | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.80% | 22.30% | -10.50% |
Volatility (6M)Calculated over the trailing 6-month period | 24.09% | 65.55% | -41.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.60% | 87.28% | -55.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.35% | 103.39% | -73.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.15% | 112.09% | -78.94% |
RXD vs. UVXY - Expense Ratio Comparison
Both RXD and UVXY have an expense ratio of 0.95%.
Dividends
RXD vs. UVXY - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 3.31%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 3.31% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RXD and UVXY have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (22.30%) compared to RXD (11.80%). In terms of maximum drawdown, RXD dropped -99.68% vs UVXY's -100.00%.
On 10-year performance, RXD leads with -19.63% vs -71.50% for UVXY. Both ETFs have the same 0.95% expense ratio. On volatility, RXD has been the lower-risk option at 11.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, RXD has performed better with a -19.63% return vs -71.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RXD and UVXY have the same expense ratio: 0.95% per year.
RXD has the higher dividend yield at 3.31%, compared with 0.00% for UVXY.
RXD is categorized as Leveraged Equities, while UVXY is Volatility. RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%).
UVXY currently has the higher Sharpe Ratio (-0.80 vs -1.16), 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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