SKF vs. DYLG

Last updated Jun 4, 2026

SKF (ProShares UltraShort Financials) and DYLG (Global X Dow 30 Covered Call & Growth ETF) are both exchange-traded funds - SKF is a Leveraged Equities fund tracking the DJ Global United States (All) / Financials -IND (-200%), while DYLG is a Derivative Income fund tracking the Cboe DJIA Half BuyWrite Index - Benchmark TR Gross. Both are passively managed. Over the past year, SKF returned 2.16% vs 17.86% for DYLG. At a correlation of -0.81, they often move in opposite directions. SKF charges 0.95%/yr vs 0.35%/yr for DYLG.

Performance

SKF vs. DYLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Financials (SKF) and Global X Dow 30 Covered Call & Growth ETF (DYLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SKF achieves a 15.68% return, which is significantly higher than DYLG's 4.63% return.

SKF

• 1D: 2.34%
• 1M: 3.32%
• YTD: 15.68%
• 6M: 10.42%
• 1Y: 2.16%
• 3Y*: -24.34%
• 5Y*: -15.11%
• 10Y*: -25.91%

DYLG

• 1D: -0.65%
• 1M: 3.69%
• YTD: 4.63%
• 6M: 5.52%
• 1Y: 17.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SKF vs. DYLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SKF ProShares UltraShort Financials	15.68%	-23.99%	-36.29%	-9.45%
DYLG Global X Dow 30 Covered Call & Growth ETF	4.63%	12.50%	14.46%	4.05%

Correlation

The correlation between SKF and DYLG is -0.80, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.80
Correlation (All Time) Calculated using the full available price history since Jul 27, 2023	-0.81

The correlation between SKF and DYLG has been stable across timeframes, ranging from -0.81 to -0.80 - a consistent structural relationship.

SKF vs. DYLG - Sectors Allocation Comparison

Sectors	SKF	DYLG
Financial Services	48.0%	27.2%
Basic Materials	-	4.0%
Communication Services	-	1.9%
Consumer Cyclical	-	11.6%
Consumer Defensive	-	4.4%
Energy	-	2.4%
Healthcare	-	13.1%
Industrials	-	18.4%
Real Estate	-	-
Technology	-	17.1%
Utilities	-	-

Return for Risk

SKF vs. DYLG — Risk / Return Rank

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

SKF

SKF Risk / Return Rank: 10
SKF Sharpe Ratio Rank: 10
SKF Sortino Ratio Rank: 11
SKF Omega Ratio Rank: 10
SKF Calmar Ratio Rank: 10
SKF Martin Ratio Rank: 10

DYLG

DYLG Risk / Return Rank: 53
DYLG Sharpe Ratio Rank: 56
DYLG Sortino Ratio Rank: 57
DYLG Omega Ratio Rank: 57
DYLG Calmar Ratio Rank: 43
DYLG Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SKF vs. DYLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Financials (SKF) and Global X Dow 30 Covered Call & Growth ETF (DYLG). 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.

	SKF	DYLG	Difference
Sharpe ratio Return per unit of total volatility	0.08	1.90	-1.83
Sortino ratio Return per unit of downside risk	0.33	2.74	-2.41
Omega ratio Gain probability vs. loss probability	1.04	1.35	-0.32
Calmar ratio Return relative to maximum drawdown	0.10	2.16	-2.05
Martin ratio Return relative to average drawdown	0.19	8.78	-8.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SKF vs. DYLG - Sharpe Ratio Comparison

The current SKF Sharpe Ratio is 0.08, which is lower than the DYLG Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of SKF and DYLG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SKF	DYLG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.08	1.90	-1.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.42	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.51	1.10	-1.61

Drawdowns

SKF vs. DYLG - Drawdown Comparison

The maximum SKF drawdown since its inception was -99.96%, which is greater than DYLG's maximum drawdown of -13.98%. Use the drawdown chart below to compare losses from any high point for SKF and DYLG.

Drawdown Indicators

	SKF	DYLG	Difference
Max Drawdown Largest peak-to-trough decline	-99.96%	-13.98%	-85.98%
Max Drawdown (1Y) Largest decline over 1 year	-20.76%	-8.31%	-12.45%
Max Drawdown (3Y) Largest decline over 3 years	-68.09%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-72.40%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-96.51%	—	—
Current Drawdown Current decline from peak	-99.95%	-0.65%	-99.30%
Average Drawdown Average peak-to-trough decline	-89.26%	-1.86%	-87.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.13%	2.04%	+9.09%

Volatility

SKF vs. DYLG - Volatility Comparison

ProShares UltraShort Financials (SKF) has a higher volatility of 6.29% compared to Global X Dow 30 Covered Call & Growth ETF (DYLG) at 2.46%. This indicates that SKF's price experiences larger fluctuations and is considered to be riskier than DYLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SKF	DYLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	2.46%	+3.83%
Volatility (6M) Calculated over the trailing 6-month period	21.80%	7.46%	+14.34%
Volatility (1Y) Calculated over the trailing 1-year period	28.85%	9.44%	+19.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.03%	11.44%	+24.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.90%	11.44%	+29.46%

SKF vs. DYLG - Expense Ratio Comparison

SKF has a 0.95% expense ratio, which is higher than DYLG's 0.35% expense ratio.

Dividends

SKF vs. DYLG - Dividend Comparison

SKF's dividend yield for the trailing twelve months is around 4.09%, less than DYLG's 9.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DYLG Global X Dow 30 Covered Call & Growth ETF	9.54%	9.63%	16.55%	1.38%	0.00%	0.00%	0.00%	0.00%	0.00%
SKF ProShares UltraShort Financials	4.09%	5.61%	7.94%	3.93%	0.03%	0.00%	0.11%	1.29%	0.06%

Frequently Asked Questions

Can I hold both SKF and DYLG in my portfolio?

SKF and DYLG have a correlation of -0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SKF or DYLG?

SKF has higher volatility (6.29%) compared to DYLG (2.46%). In terms of maximum drawdown, SKF dropped -99.96% vs DYLG's -13.98%.

Which ETF is better, SKF or DYLG?

On 1-year performance, DYLG leads with 17.86% vs 2.16% for SKF. On fees, DYLG is cheaper at 0.35% per year. On volatility, DYLG has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SKF or DYLG?

Over the 1-year period, DYLG has performed better with a 17.86% return vs 2.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SKF or DYLG?

DYLG is cheaper with a 0.35% expense ratio, compared with 0.95% for SKF.

Which ETF pays a higher dividend yield, SKF or DYLG?

DYLG has the higher dividend yield at 9.54%, compared with 4.09% for SKF.

What is the main difference between SKF and DYLG?

SKF is categorized as Leveraged Equities, while DYLG is Derivative Income. SKF tracks DJ Global United States (All) / Financials -IND (-200%), while DYLG tracks Cboe DJIA Half BuyWrite Index - Benchmark TR Gross. They also come from different issuers: ProShares and Global X. Their fees differ too: 0.95% for SKF and 0.35% for DYLG.

Which has better risk-adjusted returns?

DYLG currently has the higher Sharpe Ratio (1.90 vs 0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.