SPXU vs. NTSD
SPXU (ProShares UltraPro Short S&P500) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. SPXU is passively managed, while NTSD is actively managed. At a correlation of -0.94, they often move in opposite directions. SPXU charges 0.93%/yr vs 0.35%/yr for NTSD.
Performance
SPXU vs. NTSD - Performance Comparison
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Returns By Period
SPXU
- 1D
- 2.06%
- 1M
- -13.20%
- YTD
- -25.62%
- 6M
- -25.04%
- 1Y
- -48.96%
- 3Y*
- -43.02%
- 5Y*
- -34.89%
- 10Y*
- -41.95%
NTSD
- 1D
- -1.11%
- 1M
- 7.13%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPXU vs. NTSD - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
SPXU ProShares UltraPro Short S&P500 | -33.43% |
NTSD WisdomTree Efficient U.S. Plus International Equity Fund | 17.91% |
Correlation
The correlation between SPXU and NTSD is -0.94, 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 (All Time) Calculated using the full available price history since Mar 20, 2026 | -0.94 |
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Return for Risk
SPXU vs. NTSD — Risk / Return Rank
SPXU
NTSD
SPXU vs. NTSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short S&P500 (SPXU) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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.
| SPXU | NTSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.75 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | — | — |
| Martin ratioReturn relative to average drawdown | -1.63 | — | — |
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
| SPXU | NTSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.39 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.70 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.79 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.84 | 5.08 | -5.92 |
Drawdowns
SPXU vs. NTSD - Drawdown Comparison
The maximum SPXU drawdown since its inception was -99.99%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for SPXU and NTSD.
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Drawdown Indicators
| SPXU | NTSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -5.20% | -94.79% |
Max Drawdown (1Y)Largest decline over 1 year | -50.82% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -84.36% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -90.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.63% | — | — |
Current DrawdownCurrent decline from peak | -99.99% | -1.11% | -98.88% |
Average DrawdownAverage peak-to-trough decline | -93.33% | -0.84% | -92.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.06% | — | — |
Volatility
SPXU vs. NTSD - Volatility Comparison
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Volatility by Period
| SPXU | NTSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.58% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 26.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 35.37% | 24.28% | +11.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.33% | 24.28% | +26.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.38% | 24.28% | +29.10% |
SPXU vs. NTSD - Expense Ratio Comparison
SPXU has a 0.93% expense ratio, which is higher than NTSD's 0.35% expense ratio.
Dividends
SPXU vs. NTSD - Dividend Comparison
SPXU's dividend yield for the trailing twelve months is around 7.89%, while NTSD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NTSD WisdomTree Efficient U.S. Plus International Equity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPXU ProShares UltraPro Short S&P500 | 7.89% | 7.02% | 9.53% | 7.06% | 0.39% | 0.00% | 0.70% | 2.14% | 1.41% | 0.10% |
Frequently Asked Questions
SPXU and NTSD have a correlation of -0.94, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
NTSD is cheaper with a 0.35% expense ratio, compared with 0.93% for SPXU.
SPXU has the higher dividend yield at 7.89%, compared with 0.00% for NTSD.
They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.93% for SPXU and 0.35% for NTSD.
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