SDP vs. BRKW
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 -8.08% vs 5.95% for BRKW. Their -0.20 correlation means they have often moved in opposite directions in the past. SDP charges 0.95%/yr vs 0.99%/yr for BRKW.
Performance
SDP vs. BRKW - Performance Comparison
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Returns By Period
In the year-to-date period, SDP achieves a -9.06% return, which is significantly lower than BRKW's 0.16% return.
SDP
- 1D
- 0.11%
- 1M
- 6.41%
- 6M
- -9.83%
- YTD
- -9.06%
- 1Y
- -8.08%
- 3Y*
- -21.20%
- 5Y*
- -15.97%
- 10Y*
- -20.62%
- ALL TIME*
- -21.26%
BRKW
- 1D
- 0.41%
- 1M
- 0.93%
- 6M
- 4.17%
- YTD
- 0.16%
- 1Y
- 5.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 1.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $143.27K | $155.39K | $128.47K | |
| $191.10K | $103.59K | $83.62K |
SDP vs. BRKW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SDP ProShares UltraShort Utilities | -9.06% | -11.70% |
BRKW Roundhill BRKB WeeklyPay ETF | 0.16% | 1.85% |
Correlation
The correlation between SDP and BRKW is -0.18, 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. | -0.18 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025 | -0.20 |
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Return for Risk
SDP vs. BRKW — Risk / Return Rank
SDP
BRKW
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 ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.07 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | 0.47 | -0.79 |
| Martin ratioReturn relative to average drawdown | -0.52 | 0.93 | -1.46 |
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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.
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Drawdown Indicators
| SDP | BRKW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -12.64% | -86.92% |
Max Drawdown (1Y)Largest decline over 1 year | -25.44% | -12.64% | -12.80% |
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% | -3.03% | -96.47% |
Average DrawdownAverage peak-to-trough decline | -82.25% | -5.51% | -76.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.48% | 6.41% | +9.07% |
Volatility
SDP vs. BRKW - Volatility Comparison
ProShares UltraShort Utilities (SDP) has a higher volatility of 8.39% compared to Roundhill BRKB WeeklyPay ETF (BRKW) at 5.10%. 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.
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Volatility by Period
| SDP | BRKW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 5.10% | +3.29% |
Volatility (6M)Calculated over the trailing 6-month period | 24.16% | 13.30% | +10.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.20% | 17.58% | +12.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.44% | 17.30% | +17.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.64% | 17.30% | +20.34% |
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 4.08%, less than BRKW's 23.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BRKW Roundhill BRKB WeeklyPay ETF | 23.21% | 14.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SDP ProShares UltraShort Utilities | 4.08% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
Frequently Asked Questions
SDP and BRKW have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDP has higher volatility (8.39%) compared to BRKW (5.10%). In terms of maximum drawdown, SDP dropped -99.56% vs BRKW's -12.64%.
On 1-year performance, BRKW leads with 5.95% vs -8.08% for SDP. On fees, SDP is cheaper at 0.95% per year. On volatility, BRKW has been the lower-risk option at 5.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BRKW has performed better with a 5.95% return vs -8.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDP is cheaper with a 0.95% expense ratio, compared with 0.99% for BRKW.
BRKW has the higher dividend yield at 23.21%, compared with 4.08% for SDP.
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.
BRKW currently has the higher Sharpe Ratio (0.34 vs -0.27), 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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