SH vs. IVOL
Compare and contrast key facts about ProShares Short S&P500 (SH) and Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL).
SH and IVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SH is a passively managed fund by ProShares that tracks the performance of the S&P 500 (-100%). It was launched on Jun 19, 2006. IVOL is an actively managed fund by CICC. It was launched on May 13, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SH or IVOL.
Key characteristics
| SH | IVOL | |
|---|---|---|
| YTD Return | -15.63% | -10.41% |
| 1Y Return | -21.25% | -8.98% |
| 3Y Return (Ann) | -6.12% | -10.08% |
| 5Y Return (Ann) | -14.39% | -3.13% |
| Sharpe Ratio | -1.75 | -0.92 |
| Sortino Ratio | -2.56 | -1.21 |
| Omega Ratio | 0.72 | 0.86 |
| Calmar Ratio | -0.23 | -0.30 |
| Martin Ratio | -1.56 | -1.23 |
| Ulcer Index | 13.56% | 7.23% |
| Daily Std Dev | 12.11% | 9.68% |
| Max Drawdown | -93.65% | -29.47% |
| Current Drawdown | -93.63% | -29.24% |
Correlation
The correlation between SH and IVOL is -0.08. 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.
Performance
SH vs. IVOL - Performance Comparison
In the year-to-date period, SH achieves a -15.63% return, which is significantly lower than IVOL's -10.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
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.
Dividends
SH vs. IVOL - Dividend Comparison
SH's dividend yield for the trailing twelve months is around 6.81%, more than IVOL's 3.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SH ProShares Short S&P500 | 6.81% | 5.37% | 0.32% | 0.00% | 0.16% | 1.49% | 1.01% | 0.06% |
IVOL Quadratic Interest Rate Volatility & Inflation Hedge ETF | 3.87% | 3.73% | 3.91% | 3.93% | 3.44% | 2.02% | 0.00% | 0.00% |
Drawdowns
SH vs. IVOL - Drawdown Comparison
The maximum SH drawdown since its inception was -93.65%, which is greater than IVOL's maximum drawdown of -29.47%. Use the drawdown chart below to compare losses from any high point for SH and IVOL. For additional features, visit the drawdowns tool.
Volatility
SH vs. IVOL - Volatility Comparison
ProShares Short S&P500 (SH) has a higher volatility of 3.89% compared to Quadratic Interest Rate Volatility & Inflation Hedge ETF (IVOL) at 2.29%. 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.