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SH vs. IVOL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SH and IVOL is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.0
Correlation: 0.0

Performance

SH vs. IVOL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Short S&P500 (SH) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). The values are adjusted to include any dividend payments, if applicable.

-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-53.96%
-2.73%
SH
IVOL

Key characteristics

Sharpe Ratio

SH:

-0.24

IVOL:

0.95

Sortino Ratio

SH:

-0.21

IVOL:

1.44

Omega Ratio

SH:

0.97

IVOL:

1.20

Calmar Ratio

SH:

-0.05

IVOL:

0.32

Martin Ratio

SH:

-0.47

IVOL:

2.08

Ulcer Index

SH:

9.52%

IVOL:

4.85%

Daily Std Dev

SH:

19.22%

IVOL:

10.62%

Max Drawdown

SH:

-93.70%

IVOL:

-31.16%

Current Drawdown

SH:

-93.05%

IVOL:

-21.30%

Returns By Period

In the year-to-date period, SH achieves a 6.14% return, which is significantly lower than IVOL's 12.05% return.


SH

YTD

6.14%

1M

2.03%

6M

5.77%

1Y

-4.89%

5Y*

-12.76%

10Y*

-11.11%

IVOL

YTD

12.05%

1M

7.04%

6M

7.73%

1Y

9.74%

5Y*

-2.34%

10Y*

N/A

*Annualized

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SH vs. IVOL - Expense Ratio Comparison

SH has a 0.90% expense ratio, which is lower than IVOL's 0.99% expense ratio.


Expense ratio chart for IVOL: current value is 0.99%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IVOL: 0.99%
Expense ratio chart for SH: current value is 0.90%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SH: 0.90%

Risk-Adjusted Performance

SH vs. IVOL — Risk-Adjusted Performance Rank

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

SH
The Risk-Adjusted Performance Rank of SH is 1111
Overall Rank
The Sharpe Ratio Rank of SH is 1010
Sharpe Ratio Rank
The Sortino Ratio Rank of SH is 99
Sortino Ratio Rank
The Omega Ratio Rank of SH is 99
Omega Ratio Rank
The Calmar Ratio Rank of SH is 1616
Calmar Ratio Rank
The Martin Ratio Rank of SH is 1111
Martin Ratio Rank

IVOL
The Risk-Adjusted Performance Rank of IVOL is 6969
Overall Rank
The Sharpe Ratio Rank of IVOL is 7878
Sharpe Ratio Rank
The Sortino Ratio Rank of IVOL is 7979
Sortino Ratio Rank
The Omega Ratio Rank of IVOL is 7979
Omega Ratio Rank
The Calmar Ratio Rank of IVOL is 4747
Calmar Ratio Rank
The Martin Ratio Rank of IVOL is 6161
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.

SH vs. IVOL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Short S&P500 (SH) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL). 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 SH, currently valued at -0.23, compared to the broader market-1.000.001.002.003.004.00
SH: -0.24
IVOL: 0.95
The chart of Sortino ratio for SH, currently valued at -0.21, compared to the broader market-2.000.002.004.006.008.00
SH: -0.21
IVOL: 1.44
The chart of Omega ratio for SH, currently valued at 0.97, compared to the broader market0.501.001.502.002.50
SH: 0.97
IVOL: 1.20
The chart of Calmar ratio for SH, currently valued at -0.07, compared to the broader market0.002.004.006.008.0010.0012.00
SH: -0.07
IVOL: 0.32
The chart of Martin ratio for SH, currently valued at -0.47, compared to the broader market0.0020.0040.0060.00
SH: -0.47
IVOL: 2.08

The current SH Sharpe Ratio is -0.24, which is lower than the IVOL Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of SH and IVOL, 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-2.00-1.000.001.00NovemberDecember2025FebruaryMarchApril
-0.24
0.95
SH
IVOL

Dividends

SH vs. IVOL - Dividend Comparison

SH's dividend yield for the trailing twelve months is around 5.31%, more than IVOL's 3.38% yield.


TTM20242023202220212020201920182017
SH
ProShares Short S&P500
5.31%6.20%5.37%0.32%0.00%0.16%1.76%1.01%0.06%
IVOL
Quadratic Interest Rate Volatility & Inflation Hedge ETF
3.38%3.83%3.73%3.91%3.93%3.45%2.02%0.00%0.00%

Drawdowns

SH vs. IVOL - Drawdown Comparison

The maximum SH drawdown since its inception was -93.70%, which is greater than IVOL's maximum drawdown of -31.16%. Use the drawdown chart below to compare losses from any high point for SH and IVOL. For additional features, visit the drawdowns tool.


-60.00%-50.00%-40.00%-30.00%-20.00%NovemberDecember2025FebruaryMarchApril
-61.33%
-21.30%
SH
IVOL

Volatility

SH vs. IVOL - Volatility Comparison

ProShares Short S&P500 (SH) has a higher volatility of 14.44% compared to Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) at 7.19%. This indicates that SH's price experiences larger fluctuations and is considered to be riskier than IVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
14.44%
7.19%
SH
IVOL