SDP vs. BRKW

Last updated Jun 24, 2026

SDP (ProShares UltraShort Utilities) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - SDP is a Leveraged Equities fund tracking the Dow Jones U.S. Utilities Index (-200%), while BRKW is a Derivative Income fund actively managed by Roundhill. SDP is passively managed, while BRKW is actively managed. Over the past year, SDP returned -20.05% vs -2.44% for BRKW. At a correlation of -0.20, they often move in opposite directions. SDP charges 0.95%/yr vs 0.99%/yr for BRKW.

Performance

SDP vs. BRKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Utilities (SDP) and Roundhill BRKB WeeklyPay ETF (BRKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SDP achieves a -12.29% return, which is significantly lower than BRKW's -3.91% 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%

BRKW

• 1D: 1.29%
• 1M: 1.43%
• YTD: -3.91%
• 6M: -3.53%
• 1Y: -2.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SDP vs. BRKW - Yearly Performance Comparison

	2026 (YTD)	2025
SDP ProShares UltraShort Utilities	-12.29%	-11.70%
BRKW Roundhill BRKB WeeklyPay ETF	-3.91%	1.85%

Correlation

The correlation between SDP and BRKW is -0.20, 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	-0.20
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	-0.20

Return for Risk

SDP vs. BRKW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDP

SDP Risk / Return Rank: 3
SDP Sharpe Ratio Rank: 4
SDP Sortino Ratio Rank: 4
SDP Omega Ratio Rank: 4
SDP Calmar Ratio Rank: 3
SDP Martin Ratio Rank: 3

BRKW

BRKW Risk / Return Rank: 7
BRKW Sharpe Ratio Rank: 8
BRKW Sortino Ratio Rank: 7
BRKW Omega Ratio Rank: 7
BRKW Calmar Ratio Rank: 7
BRKW Martin Ratio Rank: 7

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SDP vs. BRKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) and Roundhill BRKB WeeklyPay ETF (BRKW). 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	BRKW	Difference
Sharpe ratio: Return per unit of total volatility	-0.68	-0.14	-0.54
Sortino ratio: Return per unit of downside risk	-0.90	-0.08	-0.82
Omega ratio: Gain probability vs. loss probability	0.91	0.99	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.72	-0.19	-0.52
Martin ratio: Return relative to average drawdown	-1.18	-0.39	-0.80

SDP vs. BRKW - Sharpe Ratio Comparison

The current SDP Sharpe Ratio is -0.68, which is lower than the BRKW Sharpe Ratio of -0.14. The chart below compares the historical Sharpe Ratios of SDP and BRKW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SDP vs. BRKW - Drawdown Comparison

The maximum SDP drawdown since its inception was -99.56%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for SDP and BRKW.

Drawdown Indicators

	SDP	BRKW	Difference
Max Drawdown Largest peak-to-trough decline	-99.56%	-12.64%	-86.92%
Max Drawdown (1Y) Largest decline over 1 year	-28.09%	-12.64%	-15.45%
Max Drawdown (3Y) Largest decline over 3 years	-66.17%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-66.55%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-92.43%	—	—
Current Drawdown Current decline from peak	-99.52%	-6.97%	-92.55%
Average Drawdown Average peak-to-trough decline	-82.15%	-5.45%	-76.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.96%	6.35%	+10.61%

Volatility

SDP vs. BRKW - Volatility Comparison

ProShares UltraShort Utilities (SDP) has a higher volatility of 10.60% compared to Roundhill BRKB WeeklyPay ETF (BRKW) at 4.52%. This indicates that SDP's price experiences larger fluctuations and is considered to be riskier than BRKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SDP	BRKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.60%	4.52%	+6.08%
Volatility (6M) Calculated over the trailing 6-month period	23.45%	12.76%	+10.69%
Volatility (1Y) Calculated over the trailing 1-year period	29.51%	17.21%	+12.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.35%	17.14%	+17.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.56%	17.14%	+20.42%

SDP vs. BRKW - Expense Ratio Comparison

SDP has a 0.95% expense ratio, which is lower than BRKW's 0.99% expense ratio.

Dividends

SDP vs. BRKW - Dividend Comparison

SDP's dividend yield for the trailing twelve months is around 4.17%, less than BRKW's 25.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BRKW Roundhill BRKB WeeklyPay ETF	25.43%	14.45%	0.00%	0.00%	0.00%	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

Can I hold both SDP and BRKW in my portfolio?

SDP and BRKW have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SDP or BRKW?

SDP has higher volatility (10.60%) compared to BRKW (4.52%). In terms of maximum drawdown, SDP dropped -99.56% vs BRKW's -12.64%.

Which ETF is better, SDP or BRKW?

On 1-year performance, BRKW leads with -2.44% vs -20.05% for SDP. On fees, SDP is cheaper at 0.95% per year. On volatility, BRKW has been the lower-risk option at 4.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SDP or BRKW?

Over the 1-year period, BRKW has performed better with a -2.44% return vs -20.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SDP or BRKW?

SDP is cheaper with a 0.95% expense ratio, compared with 0.99% for BRKW.

Which ETF pays a higher dividend yield, SDP or BRKW?

BRKW has the higher dividend yield at 25.43%, compared with 4.17% for SDP.

What is the main difference between SDP and BRKW?

SDP is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.95% for SDP and 0.99% for BRKW.

Which has better risk-adjusted returns?

BRKW currently has the higher Sharpe Ratio (-0.14 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.