SPXC vs. UPRO
Compare and contrast key facts about SPX Corporation (SPXC) and ProShares UltraPro S&P 500 (UPRO).
UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXC or UPRO.
Key characteristics
| SPXC | UPRO | |
|---|---|---|
| YTD Return | 66.73% | 76.62% |
| 1Y Return | 101.09% | 119.91% |
| 3Y Return (Ann) | 37.09% | 10.42% |
| 5Y Return (Ann) | 29.21% | 26.22% |
| 10Y Return (Ann) | 22.19% | 25.06% |
| Sharpe Ratio | 3.07 | 3.54 |
| Sortino Ratio | 3.40 | 3.73 |
| Omega Ratio | 1.48 | 1.52 |
| Calmar Ratio | 6.20 | 3.04 |
| Martin Ratio | 19.86 | 21.57 |
| Ulcer Index | 5.14% | 6.03% |
| Daily Std Dev | 33.33% | 36.56% |
| Max Drawdown | -81.12% | -76.82% |
| Current Drawdown | -1.94% | 0.00% |
Correlation
The correlation between SPXC and UPRO is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPXC vs. UPRO - Performance Comparison
In the year-to-date period, SPXC achieves a 66.73% return, which is significantly lower than UPRO's 76.62% return. Over the past 10 years, SPXC has underperformed UPRO with an annualized return of 22.19%, while UPRO has yielded a comparatively higher 25.06% annualized 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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Risk-Adjusted Performance
SPXC vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPX Corporation (SPXC) and ProShares UltraPro S&P 500 (UPRO). 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
SPXC vs. UPRO - Dividend Comparison
SPXC has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 0.71%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPXC SPX Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 2.02% | 1.75% | 1.00% |
UPRO ProShares UltraPro S&P 500 | 0.71% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
SPXC vs. UPRO - Drawdown Comparison
The maximum SPXC drawdown since its inception was -81.12%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for SPXC and UPRO. For additional features, visit the drawdowns tool.
Volatility
SPXC vs. UPRO - Volatility Comparison
SPX Corporation (SPXC) has a higher volatility of 14.59% compared to ProShares UltraPro S&P 500 (UPRO) at 11.76%. This indicates that SPXC's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.