SDP vs. SPY
Compare and contrast key facts about ProShares UltraShort Utilities (SDP) and SPDR S&P 500 ETF (SPY).
SDP and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDP is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (-200%). It was launched on Jan 30, 2007. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both SDP and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SDP or SPY.
Correlation
The correlation between SDP and SPY is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
SDP vs. SPY - Performance Comparison
Key characteristics
SDP:
-0.66
SPY:
0.50
SDP:
-1.05
SPY:
0.88
SDP:
0.88
SPY:
1.13
SDP:
-0.28
SPY:
0.56
SDP:
-1.21
SPY:
2.17
SDP:
21.89%
SPY:
4.85%
SDP:
34.06%
SPY:
20.02%
SDP:
-93.51%
SPY:
-55.19%
SDP:
-93.23%
SPY:
-7.65%
Returns By Period
In the year-to-date period, SDP achieves a -12.27% return, which is significantly lower than SPY's -3.42% return. Over the past 10 years, SDP has underperformed SPY with an annualized return of -23.31%, while SPY has yielded a comparatively higher 12.35% annualized return.
SDP
-12.27%
-10.26%
-4.76%
-22.10%
-21.74%
-23.31%
SPY
-3.42%
2.87%
-5.06%
9.87%
15.76%
12.35%
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SDP vs. SPY - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
SDP vs. SPY — Risk-Adjusted Performance Rank
SDP
SPY
SDP vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) and SPDR S&P 500 ETF (SPY). 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.
Dividends
SDP vs. SPY - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 5.01%, more than SPY's 1.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | 5.01% | 5.01% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.27% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
SDP vs. SPY - Drawdown Comparison
The maximum SDP drawdown since its inception was -93.51%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SDP and SPY. For additional features, visit the drawdowns tool.
Volatility
SDP vs. SPY - Volatility Comparison
ProShares UltraShort Utilities (SDP) has a higher volatility of 9.55% compared to SPDR S&P 500 ETF (SPY) at 7.48%. This indicates that SDP's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.