SDP vs. JXI
SDP (ProShares UltraShort Utilities) and JXI (iShares Global Utilities ETF) are both exchange-traded funds - SDP is a Leveraged Equities fund tracking the Dow Jones U.S. Utilities Index (-200%), while JXI is a Utilities Equities fund tracking the S&P Global Utilities Index. Both are passively managed. Over the past 10 years, SDP returned -20.73%/yr vs 9.09%/yr for JXI. At a correlation of -0.81, they often move in opposite directions. SDP charges 0.95%/yr vs 0.46%/yr for JXI.
Performance
SDP vs. JXI - 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 JXI's 9.96% return. Over the past 10 years, SDP has underperformed JXI with an annualized return of -20.73%, while JXI has yielded a comparatively higher 9.09% 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%
JXI
- 1D
- 0.59%
- 1M
- 2.24%
- 6M
- 9.43%
- YTD
- 9.96%
- 1Y
- 18.89%
- 3Y*
- 15.45%
- 5Y*
- 10.31%
- 10Y*
- 9.09%
SDP vs. JXI - 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% |
JXI iShares Global Utilities ETF | 9.96% | 25.91% | 13.14% | 0.63% | -4.17% | 10.88% | 5.19% | 23.94% | 2.31% | 14.79% |
Correlation
The correlation between SDP and JXI is -0.90, 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 | -0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.89 |
Correlation (All Time) Calculated using the full available price history since Mar 14, 2007 | -0.81 |
The correlation between SDP and JXI shifts across timeframes, from -0.92 (5 years) to -0.81 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SDP vs. JXI — Risk / Return Rank
SDP
JXI
SDP vs. JXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) and iShares Global Utilities ETF (JXI). 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 | JXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.81 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.26 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 2.35 | -3.12 |
| Martin ratioReturn relative to average drawdown | -1.31 | 6.49 | -7.80 |
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Drawdowns
SDP vs. JXI - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, which is greater than JXI's maximum drawdown of -50.23%. Use the drawdown chart below to compare losses from any high point for SDP and JXI.
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Drawdown Indicators
| SDP | JXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -50.23% | -49.33% |
Max Drawdown (1Y)Largest decline over 1 year | -25.59% | -8.09% | -17.50% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -16.29% | -49.88% |
Max Drawdown (5Y)Largest decline over 5 years | -66.17% | -22.45% | -43.72% |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | -34.20% | -58.23% |
Current DrawdownCurrent decline from peak | -99.53% | -3.26% | -96.27% |
Average DrawdownAverage peak-to-trough decline | -82.20% | -12.78% | -69.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.15% | 2.92% | +12.23% |
Volatility
SDP vs. JXI - Volatility Comparison
ProShares UltraShort Utilities (SDP) has a higher volatility of 8.89% compared to iShares Global Utilities ETF (JXI) at 3.83%. This indicates that SDP's price experiences larger fluctuations and is considered to be riskier than JXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDP | JXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 3.83% | +5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 23.71% | 10.87% | +12.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.98% | 13.12% | +16.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.44% | 15.42% | +19.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 16.97% | +20.62% |
SDP vs. JXI - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is higher than JXI's 0.46% expense ratio.
Dividends
SDP vs. JXI - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 4.33%, more than JXI's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JXI iShares Global Utilities ETF | 2.40% | 2.56% | 3.02% | 3.58% | 3.13% | 2.78% | 2.65% | 3.43% | 3.16% | 3.62% | 4.77% | 3.78% |
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 JXI have a correlation of -0.90, 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 JXI (3.83%). In terms of maximum drawdown, SDP dropped -99.56% vs JXI's -50.23%.
On 10-year performance, JXI leads with 9.09% vs -20.73% for SDP. On fees, JXI is cheaper at 0.46% per year. On volatility, JXI has been the lower-risk option at 3.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, JXI has performed better with a 9.09% return vs -20.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
JXI is cheaper with a 0.46% expense ratio, compared with 0.95% for SDP.
SDP has the higher dividend yield at 4.33%, compared with 2.40% for JXI.
SDP is categorized as Leveraged Equities, while JXI is Utilities Equities. SDP tracks Dow Jones U.S. Utilities Index (-200%), while JXI tracks S&P Global Utilities Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for SDP and 0.46% for JXI.
JXI currently has the higher Sharpe Ratio (1.45 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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