SBB vs. UVXY
Compare and contrast key facts about ProShares Short SmallCap600 (SBB) and ProShares Ultra VIX Short-Term Futures ETF (UVXY).
SBB and UVXY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SBB is a passively managed fund by ProShares that tracks the performance of the S&P SmallCap 600 Index (-100%). It was launched on Jan 23, 2007. UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011. Both SBB and UVXY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SBB vs. UVXY - Performance Comparison
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SBB vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | -3.18% | -3.56% | -3.73% | -10.44% | 13.75% | -25.40% | -26.53% | -18.64% | 8.40% | -12.70% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 40.61% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Returns By Period
In the year-to-date period, SBB achieves a -3.18% return, which is significantly lower than UVXY's 40.61% return. Over the past 10 years, SBB has outperformed UVXY with an annualized return of -11.19%, while UVXY has yielded a comparatively lower -72.80% annualized return.
SBB
- 1D
- -0.33%
- 1M
- 5.00%
- YTD
- -3.18%
- 6M
- -3.65%
- 1Y
- -15.46%
- 3Y*
- -6.42%
- 5Y*
- -3.54%
- 10Y*
- -11.19%
UVXY
- 1D
- -3.40%
- 1M
- 25.05%
- YTD
- 40.61%
- 6M
- -2.75%
- 1Y
- -57.00%
- 3Y*
- -64.84%
- 5Y*
- -67.28%
- 10Y*
- -72.80%
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SBB vs. UVXY - Expense Ratio Comparison
Both SBB and UVXY have an expense ratio of 0.95%.
Return for Risk
SBB vs. UVXY — Risk / Return Rank
SBB
UVXY
SBB vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Short SmallCap600 (SBB) 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.
| SBB | UVXY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.67 | -0.51 | -0.16 |
Sortino ratioReturn per unit of downside risk | -0.83 | -0.30 | -0.53 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.96 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.66 | +0.16 |
Martin ratioReturn relative to average drawdown | -0.71 | -0.80 | +0.09 |
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
| SBB | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.67 | -0.51 | -0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.64 | +0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.48 | -0.64 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.49 | -0.67 | +0.18 |
Correlation
The correlation between SBB and UVXY is 0.58, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
SBB vs. UVXY - Dividend Comparison
SBB's dividend yield for the trailing twelve months is around 3.24%, while UVXY has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SBB ProShares Short SmallCap600 | 3.24% | 3.44% | 4.86% | 4.64% | 0.31% | 0.00% | 0.04% | 1.20% | 0.17% |
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% |
Drawdowns
SBB vs. UVXY - Drawdown Comparison
The maximum SBB drawdown since its inception was -95.54%, roughly equal to the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SBB and UVXY.
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Drawdown Indicators
| SBB | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.54% | -100.00% | +4.46% |
Max Drawdown (1Y)Largest decline over 1 year | -30.86% | -85.64% | +54.78% |
Max Drawdown (5Y)Largest decline over 5 years | -31.94% | -99.77% | +67.83% |
Max Drawdown (10Y)Largest decline over 10 years | -72.01% | -100.00% | +27.99% |
Current DrawdownCurrent decline from peak | -95.25% | -100.00% | +4.75% |
Average DrawdownAverage peak-to-trough decline | -74.35% | -98.53% | +24.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.16% | 71.09% | -48.93% |
Volatility
SBB vs. UVXY - Volatility Comparison
The current volatility for ProShares Short SmallCap600 (SBB) is 6.59%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 45.03%. This indicates that SBB 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
| SBB | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 45.03% | -38.44% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 71.80% | -58.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.18% | 113.07% | -89.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.76% | 105.47% | -83.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.25% | 114.51% | -91.26% |