SDP vs. IFRA
SDP (ProShares UltraShort Utilities) and IFRA (iShares U.S. Infrastructure ETF) are both exchange-traded funds - SDP is a Leveraged Equities fund tracking the Dow Jones U.S. Utilities Index (-200%), while IFRA is a Industrials Equities fund tracking the NYSE FactSet U.S. Infrastructure Index (TR). Both are passively managed. Over the past 5 years, SDP returned -18.29%/yr vs 14.07%/yr for IFRA. At a correlation of -0.57, they often move in opposite directions. SDP charges 0.95%/yr vs 0.30%/yr for IFRA.
Performance
SDP vs. IFRA - 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 IFRA's 19.25% 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%
IFRA
- 1D
- -0.86%
- 1M
- 2.48%
- YTD
- 19.25%
- 6M
- 17.89%
- 1Y
- 30.85%
- 3Y*
- 20.61%
- 5Y*
- 14.07%
- 10Y*
- —
SDP vs. IFRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | -12.29% | -22.59% | -30.11% | 18.95% | -12.54% | -33.14% | -36.27% | -35.57% | -15.88% |
IFRA iShares U.S. Infrastructure ETF | 19.25% | 15.90% | 17.02% | 13.42% | -3.32% | 29.81% | 7.37% | 27.00% | -7.97% |
Correlation
The correlation between SDP and IFRA is -0.58, 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 | -0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.64 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2018 | -0.57 |
The correlation between SDP and IFRA has been stable across timeframes, ranging from -0.64 to -0.57 - a consistent structural relationship.
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Return for Risk
SDP vs. IFRA — Risk / Return Rank
SDP
IFRA
SDP vs. IFRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) and iShares U.S. Infrastructure ETF (IFRA). 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 | IFRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.87 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.34 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 3.69 | -4.40 |
| Martin ratioReturn relative to average drawdown | -1.18 | 13.48 | -14.67 |
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Drawdowns
SDP vs. IFRA - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, which is greater than IFRA's maximum drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for SDP and IFRA.
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Drawdown Indicators
| SDP | IFRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -41.06% | -58.50% |
Max Drawdown (1Y)Largest decline over 1 year | -28.09% | -8.40% | -19.69% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -19.93% | -46.24% |
Max Drawdown (5Y)Largest decline over 5 years | -66.55% | -19.93% | -46.62% |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | — | — |
Current DrawdownCurrent decline from peak | -99.52% | -0.86% | -98.66% |
Average DrawdownAverage peak-to-trough decline | -82.15% | -5.12% | -77.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.96% | 2.29% | +14.67% |
Volatility
SDP vs. IFRA - Volatility Comparison
ProShares UltraShort Utilities (SDP) has a higher volatility of 10.60% compared to iShares U.S. Infrastructure ETF (IFRA) at 5.19%. This indicates that SDP's price experiences larger fluctuations and is considered to be riskier than IFRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDP | IFRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.60% | 5.19% | +5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 23.45% | 11.76% | +11.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.51% | 15.21% | +14.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.35% | 17.91% | +16.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.56% | 21.36% | +16.20% |
SDP vs. IFRA - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is higher than IFRA's 0.30% expense ratio.
Dividends
SDP vs. IFRA - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 4.17%, more than IFRA's 1.56% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
IFRA iShares U.S. Infrastructure ETF | 1.56% | 1.84% | 1.75% | 1.98% | 1.98% | 1.63% | 2.08% | 1.68% | 2.50% |
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 IFRA have a correlation of -0.58, 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 IFRA (5.19%). In terms of maximum drawdown, SDP dropped -99.56% vs IFRA's -41.06%.
On 5-year performance, IFRA leads with 14.07% vs -18.29% for SDP. On fees, IFRA is cheaper at 0.30% per year. On volatility, IFRA has been the lower-risk option at 5.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IFRA has performed better with a 14.07% return vs -18.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IFRA is cheaper with a 0.30% expense ratio, compared with 0.95% for SDP.
SDP has the higher dividend yield at 4.17%, compared with 1.56% for IFRA.
SDP is categorized as Leveraged Equities, while IFRA is Industrials Equities. SDP tracks Dow Jones U.S. Utilities Index (-200%), while IFRA tracks NYSE FactSet U.S. Infrastructure Index (TR). They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for SDP and 0.30% for IFRA.
IFRA currently has the higher Sharpe Ratio (2.05 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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