SDP vs. IGF
SDP (ProShares UltraShort Utilities) and IGF (iShares Global Infrastructure ETF) are both exchange-traded funds - SDP is a Leveraged Equities fund tracking the Dow Jones U.S. Utilities Index (-200%), while IGF is a Industrials Equities fund tracking the S&P Global Infrastructure Index (Net). Both are passively managed. Over the past 10 years, SDP returned -20.73%/yr vs 8.23%/yr for IGF. At a correlation of -0.63, they often move in opposite directions. SDP charges 0.95%/yr vs 0.39%/yr for IGF.
Performance
SDP vs. IGF - Performance Comparison
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Returns By Period
In the year-to-date period, SDP achieves a -14.27% return, which is significantly lower than IGF's 10.74% return. Over the past 10 years, SDP has underperformed IGF with an annualized return of -20.73%, while IGF has yielded a comparatively higher 8.23% annualized return.
SDP
- 1D
- -1.07%
- 1M
- -6.11%
- 6M
- -14.82%
- YTD
- -14.27%
- 1Y
- -19.85%
- 3Y*
- -20.44%
- 5Y*
- -17.87%
- 10Y*
- -20.73%
IGF
- 1D
- 0.15%
- 1M
- 0.97%
- 6M
- 9.87%
- YTD
- 10.74%
- 1Y
- 17.66%
- 3Y*
- 15.89%
- 5Y*
- 11.06%
- 10Y*
- 8.23%
SDP vs. IGF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | -14.27% | -22.59% | -30.11% | 18.95% | -12.54% | -33.14% | -36.27% | -35.57% | -9.31% | -22.03% |
IGF iShares Global Infrastructure ETF | 10.74% | 21.31% | 14.81% | 6.14% | -1.26% | 11.57% | -6.50% | 25.82% | -9.95% | 19.31% |
Correlation
The correlation between SDP and IGF is -0.68, 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 | -0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2007 | -0.63 |
The correlation between SDP and IGF shifts across timeframes, from -0.73 (3 years) to -0.63 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDP vs. IGF — Risk / Return Rank
SDP
IGF
SDP vs. IGF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) and iShares Global Infrastructure ETF (IGF). 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 | IGF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.32 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.30 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 3.02 | -3.80 |
| Martin ratioReturn relative to average drawdown | -1.31 | 8.32 | -9.63 |
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Drawdowns
SDP vs. IGF - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, which is greater than IGF's maximum drawdown of -58.33%. Use the drawdown chart below to compare losses from any high point for SDP and IGF.
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Drawdown Indicators
| SDP | IGF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -58.33% | -41.23% |
Max Drawdown (1Y)Largest decline over 1 year | -25.59% | -5.87% | -19.72% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -14.28% | -51.89% |
Max Drawdown (5Y)Largest decline over 5 years | -66.17% | -20.83% | -45.34% |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | -42.11% | -50.32% |
Current DrawdownCurrent decline from peak | -99.53% | -2.04% | -97.49% |
Average DrawdownAverage peak-to-trough decline | -82.20% | -11.82% | -70.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.15% | 2.13% | +13.02% |
Volatility
SDP vs. IGF - Volatility Comparison
ProShares UltraShort Utilities (SDP) has a higher volatility of 8.89% compared to iShares Global Infrastructure ETF (IGF) at 3.32%. This indicates that SDP's price experiences larger fluctuations and is considered to be riskier than IGF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDP | IGF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 3.32% | +5.57% |
Volatility (6M)Calculated over the trailing 6-month period | 23.71% | 8.95% | +14.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.98% | 10.73% | +19.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.44% | 13.97% | +20.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 16.71% | +20.88% |
SDP vs. IGF - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is higher than IGF's 0.39% expense ratio.
Dividends
SDP vs. IGF - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 4.33%, more than IGF's 2.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGF iShares Global Infrastructure ETF | 2.88% | 3.23% | 3.21% | 3.36% | 2.67% | 2.42% | 2.33% | 3.27% | 3.52% | 2.95% | 2.98% | 3.25% |
SDP ProShares UltraShort Utilities | 4.33% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDP and IGF have a correlation of -0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SDP has higher volatility (8.89%) compared to IGF (3.32%). In terms of maximum drawdown, SDP dropped -99.56% vs IGF's -58.33%.
On 10-year performance, IGF leads with 8.23% vs -20.73% for SDP. On fees, IGF is cheaper at 0.39% per year. On volatility, IGF has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IGF has performed better with a 8.23% return vs -20.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGF is cheaper with a 0.39% expense ratio, compared with 0.95% for SDP.
SDP has the higher dividend yield at 4.33%, compared with 2.88% for IGF.
SDP is categorized as Leveraged Equities, while IGF is Industrials Equities. SDP tracks Dow Jones U.S. Utilities Index (-200%), while IGF tracks S&P Global Infrastructure Index (Net). They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for SDP and 0.39% for IGF.
IGF currently has the higher Sharpe Ratio (1.66 vs -0.67), 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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