SDP vs. BILT
SDP (ProShares UltraShort Utilities) and BILT (iShares Infrastructure Active ETF) are both exchange-traded funds - SDP is a Leveraged Equities fund tracking the Dow Jones U.S. Utilities Index (-200%), while BILT is a Infrastructure Equities fund actively managed by iShares. SDP is passively managed, while BILT is actively managed. Over the past year, SDP returned -8.19% vs 17.98% for BILT. Their -0.75 correlation means they have often moved in opposite directions in the past. SDP charges 0.95%/yr vs 0.60%/yr for BILT.
Performance
SDP vs. BILT - Performance Comparison
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Returns By Period
In the year-to-date period, SDP achieves a -9.16% return, which is significantly lower than BILT's 14.30% return.
SDP
- 1D
- 1.06%
- 1M
- 6.29%
- 6M
- -7.08%
- YTD
- -9.16%
- 1Y
- -8.19%
- 3Y*
- -19.35%
- 5Y*
- -16.38%
- 10Y*
- -20.32%
- ALL TIME*
- -21.28%
BILT
- 1D
- 0.11%
- 1M
- -1.05%
- 6M
- 8.99%
- YTD
- 14.30%
- 1Y
- 17.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 19.07%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.38M | $1.70M | $1.65M | |
| $172.54K | $93.38K | $80.16K |
SDP vs. BILT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SDP ProShares UltraShort Utilities | -9.16% | -0.44% |
BILT iShares Infrastructure Active ETF | 14.30% | 4.16% |
Correlation
The correlation between SDP and BILT is -0.75, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2025 | -0.75 |
The correlation between SDP and BILT has been stable across timeframes, ranging from -0.75 to -0.75 - a consistent structural relationship.
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Return for Risk
SDP vs. BILT — Risk / Return Rank
SDP
BILT
SDP vs. BILT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) and iShares Infrastructure Active ETF (BILT). 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.
| SDP | BILT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.13 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.33 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 3.52 | -3.86 |
| Martin ratioReturn relative to average drawdown | -0.57 | 10.60 | -11.16 |
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Drawdowns
SDP vs. BILT - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, which is greater than BILT's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for SDP and BILT.
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Drawdown Indicators
| SDP | BILT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -5.38% | -94.18% |
Max Drawdown (1Y)Largest decline over 1 year | -25.44% | -5.38% | -20.06% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -66.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | — | — |
Current DrawdownCurrent decline from peak | -99.50% | -2.25% | -97.25% |
Average DrawdownAverage peak-to-trough decline | -82.25% | -1.36% | -80.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.45% | 1.78% | +13.67% |
Volatility
SDP vs. BILT - Volatility Comparison
ProShares UltraShort Utilities (SDP) has a higher volatility of 9.55% compared to iShares Infrastructure Active ETF (BILT) at 3.10%. This indicates that SDP's price experiences larger fluctuations and is considered to be riskier than BILT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDP | BILT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.55% | 3.10% | +6.45% |
Volatility (6M)Calculated over the trailing 6-month period | 24.16% | 8.44% | +15.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.16% | 10.31% | +19.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.44% | 10.31% | +24.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.63% | 10.31% | +27.32% |
SDP vs. BILT - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is higher than BILT's 0.60% expense ratio.
Dividends
SDP vs. BILT - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 4.09%, less than BILT's 5.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BILT iShares Infrastructure Active ETF | 5.70% | 0.99% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDP ProShares UltraShort Utilities | 4.09% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
Frequently Asked Questions
SDP and BILT have a correlation of -0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDP has higher volatility (9.55%) compared to BILT (3.10%). In terms of maximum drawdown, SDP dropped -99.56% vs BILT's -5.38%.
On 1-year performance, BILT leads with 17.98% vs -8.19% for SDP. On fees, BILT is cheaper at 0.60% per year. On volatility, BILT has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BILT has performed better with a 17.98% return vs -8.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BILT is cheaper with a 0.60% expense ratio, compared with 0.95% for SDP.
BILT has the higher dividend yield at 5.70%, compared with 4.09% for SDP.
SDP is categorized as Leveraged Equities, while BILT is Infrastructure Equities. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for SDP and 0.60% for BILT.
BILT currently has the higher Sharpe Ratio (1.84 vs -0.29), 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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