SKF vs. OOQB
SKF (ProShares UltraShort Financials) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - SKF is a Leveraged Equities fund tracking the DJ Global United States (All) / Financials -IND (-200%), while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. SKF is passively managed, while OOQB is actively managed. Over the past year, SKF returned 2.16% vs -27.35% for OOQB. At a correlation of -0.38, they often move in opposite directions. SKF charges 0.95%/yr vs 0.75%/yr for OOQB.
Performance
SKF vs. OOQB - Performance Comparison
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Returns By Period
In the year-to-date period, SKF achieves a 15.68% return, which is significantly higher than OOQB's -18.43% 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%
OOQB
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -18.43%
- 6M
- -24.99%
- 1Y
- -27.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SKF vs. OOQB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SKF ProShares UltraShort Financials | 15.68% | -11.99% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -18.43% | -13.30% |
Correlation
The correlation between SKF and OOQB is -0.29, 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 | -0.29 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | -0.38 |
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Return for Risk
SKF vs. OOQB — Risk / Return Rank
SKF
OOQB
SKF vs. OOQB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Financials (SKF) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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 | OOQB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 0.94 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | -0.51 | +0.62 |
| Martin ratioReturn relative to average drawdown | 0.19 | -0.91 | +1.10 |
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
| SKF | OOQB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | -0.53 | +0.61 |
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 | -0.41 | -0.10 |
Drawdowns
SKF vs. OOQB - Drawdown Comparison
The maximum SKF drawdown since its inception was -99.96%, which is greater than OOQB's maximum drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for SKF and OOQB.
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Drawdown Indicators
| SKF | OOQB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.96% | -53.44% | -46.52% |
Max Drawdown (1Y)Largest decline over 1 year | -20.76% | -53.44% | +32.68% |
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 DrawdownCurrent decline from peak | -99.95% | -43.69% | -56.26% |
Average DrawdownAverage peak-to-trough decline | -89.26% | -23.26% | -66.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.13% | 30.11% | -18.98% |
Volatility
SKF vs. OOQB - Volatility Comparison
ProShares UltraShort Financials (SKF) has a higher volatility of 6.29% compared to Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) at 0.00%. This indicates that SKF's price experiences larger fluctuations and is considered to be riskier than OOQB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SKF | OOQB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.29% | 0.00% | +6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 21.80% | 39.39% | -17.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.85% | 51.57% | -22.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.03% | 58.12% | -22.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.90% | 58.12% | -17.22% |
SKF vs. OOQB - Expense Ratio Comparison
SKF has a 0.95% expense ratio, which is higher than OOQB's 0.75% expense ratio.
Dividends
SKF vs. OOQB - Dividend Comparison
SKF's dividend yield for the trailing twelve months is around 4.09%, less than OOQB's 11.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 11.62% | 9.53% | 0.00% | 0.00% | 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
SKF and OOQB have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKF has higher volatility (6.29%) compared to OOQB (0.00%). In terms of maximum drawdown, SKF dropped -99.96% vs OOQB's -53.44%.
On 1-year performance, SKF leads with 2.16% vs -27.35% for OOQB. On fees, OOQB is cheaper at 0.75% per year. On volatility, OOQB has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SKF has performed better with a 2.16% return vs -27.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OOQB is cheaper with a 0.75% expense ratio, compared with 0.95% for SKF.
OOQB has the higher dividend yield at 11.62%, compared with 4.09% for SKF.
SKF is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 0.95% for SKF and 0.75% for OOQB.
SKF currently has the higher Sharpe Ratio (0.08 vs -0.53), 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.
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