SDP vs. TSYX
SDP (ProShares UltraShort Utilities) and TSYX (TSPY Lift ETF) are both Leveraged Equities funds. SDP is passively managed, while TSYX is actively managed. At a correlation of -0.05, they often move in opposite directions. SDP charges 0.95%/yr vs 0.98%/yr for TSYX.
Performance
SDP vs. TSYX - Performance Comparison
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Returns By Period
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%
TSYX
- 1D
- -1.51%
- 1M
- -2.07%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SDP vs. TSYX - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SDP ProShares UltraShort Utilities | -11.51% |
TSYX TSPY Lift ETF | 3.58% |
Correlation
The correlation between SDP and TSYX is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026 | -0.05 |
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Return for Risk
SDP vs. TSYX — Risk / Return Rank
SDP
TSYX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SDP vs. TSYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) and TSPY Lift ETF (TSYX). 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 | TSYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.91 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | — | — |
| Martin ratioReturn relative to average drawdown | -1.18 | — | — |
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Drawdowns
SDP vs. TSYX - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, which is greater than TSYX's maximum drawdown of -13.39%. Use the drawdown chart below to compare losses from any high point for SDP and TSYX.
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Drawdown Indicators
| SDP | TSYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -13.39% | -86.17% |
Max Drawdown (1Y)Largest decline over 1 year | -28.09% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -66.55% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | — | — |
Current DrawdownCurrent decline from peak | -99.52% | -4.13% | -95.39% |
Average DrawdownAverage peak-to-trough decline | -82.15% | -2.98% | -79.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.96% | — | — |
Volatility
SDP vs. TSYX - Volatility Comparison
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Volatility by Period
| SDP | TSYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.60% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 23.45% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.51% | 19.14% | +10.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.35% | 19.14% | +15.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.56% | 19.14% | +18.42% |
SDP vs. TSYX - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is lower than TSYX's 0.98% expense ratio.
Dividends
SDP vs. TSYX - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 4.17%, less than TSYX's 7.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | 4.17% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% |
TSYX TSPY Lift ETF | 7.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SDP and TSYX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SDP is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SDP is cheaper with a 0.95% expense ratio, compared with 0.98% for TSYX.
TSYX has the higher dividend yield at 7.25%, compared with 4.17% for SDP.
They also come from different issuers: ProShares and TappAlpha. Their fees differ too: 0.95% for SDP and 0.98% for TSYX.
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