SDP vs. BKGI
SDP (ProShares UltraShort Utilities) and BKGI (Bny Mellon Global Infrastructure Income ETF) are both exchange-traded funds - SDP is a Leveraged Equities fund tracking the Dow Jones U.S. Utilities Index (-200%), while BKGI is a Energy Equities fund actively managed by BNY Mellon. SDP is passively managed, while BKGI is actively managed. Over the past 3 years, SDP returned -21.12%/yr vs 22.11%/yr for BKGI. At a correlation of -0.65, they often move in opposite directions. SDP charges 0.95%/yr vs 0.65%/yr for BKGI.
Performance
SDP vs. BKGI - Performance Comparison
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Returns By Period
In the year-to-date period, SDP achieves a -12.29% return, which is significantly lower than BKGI's 12.30% return.
SDP
- 1D
- -1.74%
- 1M
- -0.17%
- YTD
- -12.29%
- 6M
- -12.43%
- 1Y
- -20.05%
- 3Y*
- -21.12%
- 5Y*
- -18.29%
- 10Y*
- -20.92%
BKGI
- 1D
- 0.51%
- 1M
- -2.97%
- YTD
- 12.30%
- 6M
- 12.73%
- 1Y
- 20.53%
- 3Y*
- 22.11%
- 5Y*
- —
- 10Y*
- —
SDP vs. BKGI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | -12.29% | -22.59% | -30.11% | 18.95% | -13.23% |
BKGI Bny Mellon Global Infrastructure Income ETF | 12.30% | 37.53% | 12.35% | 9.72% | 8.54% |
Correlation
The correlation between SDP and BKGI is -0.59, 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 | -0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2022 | -0.65 |
The correlation between SDP and BKGI has been stable across timeframes, ranging from -0.66 to -0.59 - a consistent structural relationship.
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Return for Risk
SDP vs. BKGI — Risk / Return Rank
SDP
BKGI
SDP vs. BKGI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) and Bny Mellon Global Infrastructure Income ETF (BKGI). 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 | BKGI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.32 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 3.35 | -4.06 |
| Martin ratioReturn relative to average drawdown | -1.18 | 10.49 | -11.68 |
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Drawdowns
SDP vs. BKGI - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, which is greater than BKGI's maximum drawdown of -14.79%. Use the drawdown chart below to compare losses from any high point for SDP and BKGI.
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Drawdown Indicators
| SDP | BKGI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -14.79% | -84.77% |
Max Drawdown (1Y)Largest decline over 1 year | -28.09% | -6.16% | -21.93% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -14.16% | -52.01% |
Max Drawdown (5Y)Largest decline over 5 years | -66.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | — | — |
Current DrawdownCurrent decline from peak | -99.52% | -3.05% | -96.47% |
Average DrawdownAverage peak-to-trough decline | -82.15% | -2.56% | -79.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.96% | 1.96% | +15.00% |
Volatility
SDP vs. BKGI - Volatility Comparison
ProShares UltraShort Utilities (SDP) has a higher volatility of 10.60% compared to Bny Mellon Global Infrastructure Income ETF (BKGI) at 3.29%. This indicates that SDP's price experiences larger fluctuations and is considered to be riskier than BKGI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDP | BKGI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.60% | 3.29% | +7.31% |
Volatility (6M)Calculated over the trailing 6-month period | 23.45% | 9.27% | +14.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.51% | 11.64% | +17.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.35% | 14.02% | +20.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.56% | 14.02% | +23.54% |
SDP vs. BKGI - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is higher than BKGI's 0.65% expense ratio.
Dividends
SDP vs. BKGI - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 4.17%, more than BKGI's 2.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BKGI Bny Mellon Global Infrastructure Income ETF | 2.69% | 2.65% | 4.55% | 4.55% | 0.53% | 0.00% | 0.00% | 0.00% | 0.00% |
SDP ProShares UltraShort Utilities | 4.17% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
Frequently Asked Questions
SDP and BKGI have a correlation of -0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDP has higher volatility (10.60%) compared to BKGI (3.29%). In terms of maximum drawdown, SDP dropped -99.56% vs BKGI's -14.79%.
On 3-year performance, BKGI leads with 22.11% vs -21.12% for SDP. On fees, BKGI is cheaper at 0.65% per year. On volatility, BKGI has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BKGI has performed better with a 22.11% return vs -21.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BKGI is cheaper with a 0.65% expense ratio, compared with 0.95% for SDP.
SDP has the higher dividend yield at 4.17%, compared with 2.69% for BKGI.
SDP is categorized as Leveraged Equities, while BKGI is Energy Equities. They also come from different issuers: ProShares and BNY Mellon. Their fees differ too: 0.95% for SDP and 0.65% for BKGI.
BKGI currently has the higher Sharpe Ratio (1.78 vs -0.68), 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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