PortfoliosLab logo
SDS vs. SPXS
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SDS and SPXS is -1.00. 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.


-0.50.00.51.0
Correlation: -1.0

Performance

SDS vs. SPXS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort S&P500 (SDS) and Direxion Daily S&P 500 Bear 3X Shares (SPXS). The values are adjusted to include any dividend payments, if applicable.

-100.00%-99.90%-99.80%-99.70%-99.60%-99.50%NovemberDecember2025FebruaryMarchApril
-99.58%
-99.99%
SDS
SPXS

Key characteristics

Sharpe Ratio

SDS:

-0.41

SPXS:

-0.49

Sortino Ratio

SDS:

-0.35

SPXS:

-0.39

Omega Ratio

SDS:

0.95

SPXS:

0.95

Calmar Ratio

SDS:

-0.16

SPXS:

-0.28

Martin Ratio

SDS:

-0.78

SPXS:

-0.95

Ulcer Index

SDS:

20.13%

SPXS:

29.61%

Daily Std Dev

SDS:

38.53%

SPXS:

57.68%

Max Drawdown

SDS:

-99.77%

SPXS:

-100.00%

Current Drawdown

SDS:

-99.73%

SPXS:

-100.00%

Returns By Period

In the year-to-date period, SDS achieves a 8.30% return, which is significantly higher than SPXS's 7.73% return. Over the past 10 years, SDS has outperformed SPXS with an annualized return of -24.63%, while SPXS has yielded a comparatively lower -38.35% annualized return.


SDS

YTD

8.30%

1M

-3.08%

6M

6.45%

1Y

-14.99%

5Y*

-27.35%

10Y*

-24.63%

SPXS

YTD

7.73%

1M

-7.86%

6M

4.29%

1Y

-27.08%

5Y*

-41.52%

10Y*

-38.35%

*Annualized

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


SDS vs. SPXS - Expense Ratio Comparison

SDS has a 0.91% expense ratio, which is lower than SPXS's 1.08% expense ratio.


Expense ratio chart for SPXS: current value is 1.08%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXS: 1.08%
Expense ratio chart for SDS: current value is 0.91%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SDS: 0.91%

Risk-Adjusted Performance

SDS vs. SPXS — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SDS
The Risk-Adjusted Performance Rank of SDS is 88
Overall Rank
The Sharpe Ratio Rank of SDS is 77
Sharpe Ratio Rank
The Sortino Ratio Rank of SDS is 88
Sortino Ratio Rank
The Omega Ratio Rank of SDS is 77
Omega Ratio Rank
The Calmar Ratio Rank of SDS is 1212
Calmar Ratio Rank
The Martin Ratio Rank of SDS is 99
Martin Ratio Rank

SPXS
The Risk-Adjusted Performance Rank of SPXS is 77
Overall Rank
The Sharpe Ratio Rank of SPXS is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXS is 77
Sortino Ratio Rank
The Omega Ratio Rank of SPXS is 77
Omega Ratio Rank
The Calmar Ratio Rank of SPXS is 77
Calmar Ratio Rank
The Martin Ratio Rank of SPXS is 77
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SDS vs. SPXS - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort S&P500 (SDS) and Direxion Daily S&P 500 Bear 3X Shares (SPXS). 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.


The chart of Sharpe ratio for SDS, currently valued at -0.41, compared to the broader market-1.000.001.002.003.004.00
SDS: -0.41
SPXS: -0.49
The chart of Sortino ratio for SDS, currently valued at -0.35, compared to the broader market-2.000.002.004.006.008.00
SDS: -0.35
SPXS: -0.39
The chart of Omega ratio for SDS, currently valued at 0.95, compared to the broader market0.501.001.502.002.50
SDS: 0.95
SPXS: 0.95
The chart of Calmar ratio for SDS, currently valued at -0.16, compared to the broader market0.002.004.006.008.0010.0012.00
SDS: -0.16
SPXS: -0.28
The chart of Martin ratio for SDS, currently valued at -0.78, compared to the broader market0.0020.0040.0060.00
SDS: -0.78
SPXS: -0.95

The current SDS Sharpe Ratio is -0.41, which is comparable to the SPXS Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of SDS and SPXS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-2.00-1.50-1.00-0.500.000.50NovemberDecember2025FebruaryMarchApril
-0.41
-0.49
SDS
SPXS

Dividends

SDS vs. SPXS - Dividend Comparison

SDS's dividend yield for the trailing twelve months is around 6.84%, more than SPXS's 5.01% yield.


TTM20242023202220212020201920182017
SDS
ProShares UltraShort S&P500
6.84%7.89%5.77%0.35%0.00%0.55%1.84%1.28%0.09%
SPXS
Direxion Daily S&P 500 Bear 3X Shares
5.01%6.18%5.66%0.00%0.00%0.51%1.74%0.58%0.00%

Drawdowns

SDS vs. SPXS - Drawdown Comparison

The maximum SDS drawdown since its inception was -99.77%, roughly equal to the maximum SPXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SDS and SPXS. For additional features, visit the drawdowns tool.


-100.00%-99.95%-99.90%-99.85%-99.80%-99.75%-99.70%-99.65%NovemberDecember2025FebruaryMarchApril
-99.73%
-100.00%
SDS
SPXS

Volatility

SDS vs. SPXS - Volatility Comparison

The current volatility for ProShares UltraShort S&P500 (SDS) is 29.55%, while Direxion Daily S&P 500 Bear 3X Shares (SPXS) has a volatility of 45.24%. This indicates that SDS experiences smaller price fluctuations and is considered to be less risky than SPXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
29.55%
45.24%
SDS
SPXS