SDS vs. BNP.PA
Compare and contrast key facts about ProShares UltraShort S&P500 (SDS) and BNP Paribas SA (BNP.PA).
SDS is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-200%). It was launched on Jul 11, 2006.
Performance
SDS vs. BNP.PA - Performance Comparison
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SDS vs. BNP.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDS ProShares UltraShort S&P500 | 8.81% | -26.79% | -29.45% | -31.53% | 30.69% | -43.02% | -49.91% | -41.17% | 6.04% | -32.02% |
BNP.PA BNP Paribas SA | 4.33% | 70.31% | -5.26% | 29.71% | -11.60% | 37.80% | -11.19% | 40.83% | -36.18% | 22.32% |
Different Trading Currencies
SDS is traded in USD, while BNP.PA is traded in EUR. To make them comparable, the BNP.PA values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SDS achieves a 8.81% return, which is significantly higher than BNP.PA's 4.33% return. Over the past 10 years, SDS has underperformed BNP.PA with an annualized return of -26.00%, while BNP.PA has yielded a comparatively higher 13.23% annualized return.
SDS
- 1D
- -1.51%
- 1M
- 9.11%
- YTD
- 8.81%
- 6M
- 5.68%
- 1Y
- -27.38%
- 3Y*
- -23.96%
- 5Y*
- -19.51%
- 10Y*
- -26.00%
BNP.PA
- 1D
- 5.81%
- 1M
- -8.03%
- YTD
- 4.33%
- 6M
- 7.72%
- 1Y
- 28.62%
- 3Y*
- 27.61%
- 5Y*
- 17.93%
- 10Y*
- 13.23%
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Return for Risk
SDS vs. BNP.PA — Risk / Return Rank
SDS
BNP.PA
SDS vs. BNP.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort S&P500 (SDS) and BNP Paribas SA (BNP.PA). 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.
| SDS | BNP.PA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.75 | 0.93 | -1.68 |
Sortino ratioReturn per unit of downside risk | -0.94 | 1.36 | -2.30 |
Omega ratioGain probability vs. loss probability | 0.87 | 1.19 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | -0.57 | 2.20 | -2.77 |
Martin ratioReturn relative to average drawdown | -0.68 | 5.77 | -6.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SDS | BNP.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.75 | 0.93 | -1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.58 | 0.57 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.73 | 0.40 | -1.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.64 | 0.11 | -0.75 |
Correlation
The correlation between SDS and BNP.PA is -0.42. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
SDS vs. BNP.PA - Dividend Comparison
SDS's dividend yield for the trailing twelve months is around 4.42%, less than BNP.PA's 8.64% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SDS ProShares UltraShort S&P500 | 4.42% | 5.88% | 7.89% | 5.77% | 0.35% | 0.00% | 0.92% | 1.84% | 1.28% | 0.09% | 0.00% | 0.00% |
BNP.PA BNP Paribas SA | 8.64% | 9.13% | 7.77% | 6.23% | 6.89% | 4.38% | 0.00% | 5.72% | 7.65% | 4.34% | 3.82% | 2.87% |
Drawdowns
SDS vs. BNP.PA - Drawdown Comparison
The maximum SDS drawdown since its inception was -99.82%, which is greater than BNP.PA's maximum drawdown of -76.41%. Use the drawdown chart below to compare losses from any high point for SDS and BNP.PA.
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Drawdown Indicators
| SDS | BNP.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.82% | -75.43% | -24.39% |
Max Drawdown (1Y)Largest decline over 1 year | -48.71% | -19.50% | -29.21% |
Max Drawdown (5Y)Largest decline over 5 years | -71.16% | -34.11% | -37.05% |
Max Drawdown (10Y)Largest decline over 10 years | -95.85% | -59.43% | -36.42% |
Current DrawdownCurrent decline from peak | -99.80% | -11.40% | -88.40% |
Average DrawdownAverage peak-to-trough decline | -82.58% | -20.06% | -62.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.81% | 7.34% | +33.47% |
Volatility
SDS vs. BNP.PA - Volatility Comparison
ProShares UltraShort S&P500 (SDS) and BNP Paribas SA (BNP.PA) have volatilities of 10.78% and 10.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SDS | BNP.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.78% | 10.91% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 18.91% | 21.90% | -2.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.43% | 30.47% | +5.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.66% | 30.66% | +3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.78% | 32.81% | +2.97% |