SPXU vs. SDS
Compare and contrast key facts about ProShares UltraPro Short S&P500 (SPXU) and ProShares UltraShort S&P500 (SDS).
SPXU and SDS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SPXU is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-300%). It was launched on Jun 25, 2009. SDS is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-200%). It was launched on Jul 11, 2006. Both SPXU and SDS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPXU or SDS.
Performance
SPXU vs. SDS - Performance Comparison
Returns By Period
In the year-to-date period, SPXU achieves a -44.60% return, which is significantly lower than SDS's -30.72% return. Over the past 10 years, SPXU has underperformed SDS with an annualized return of -39.34%, while SDS has yielded a comparatively higher -25.79% annualized return.
SPXU
-44.60%
-3.02%
-26.07%
-51.78%
-46.30%
-39.34%
SDS
-30.72%
-1.69%
-16.86%
-36.65%
-30.46%
-25.79%
Key characteristics
| SPXU | SDS | |
|---|---|---|
| Sharpe Ratio | -1.42 | -1.50 |
| Sortino Ratio | -2.45 | -2.37 |
| Omega Ratio | 0.73 | 0.74 |
| Calmar Ratio | -0.52 | -0.36 |
| Martin Ratio | -1.47 | -1.50 |
| Ulcer Index | 34.97% | 24.20% |
| Daily Std Dev | 36.25% | 24.23% |
| Max Drawdown | -99.98% | -99.76% |
| Current Drawdown | -99.98% | -99.75% |
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SPXU vs. SDS - Expense Ratio Comparison
SPXU has a 0.93% expense ratio, which is higher than SDS's 0.91% expense ratio.
Correlation
The correlation between SPXU and SDS is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
SPXU vs. SDS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short S&P500 (SPXU) and ProShares UltraShort S&P500 (SDS). 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
SPXU vs. SDS - Dividend Comparison
SPXU's dividend yield for the trailing twelve months is around 11.44%, more than SDS's 8.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SPXU ProShares UltraPro Short S&P500 | 11.44% | 7.07% | 0.39% | 0.00% | 0.71% | 2.14% | 1.41% | 0.11% |
SDS ProShares UltraShort S&P500 | 8.68% | 5.77% | 0.35% | 0.00% | 0.55% | 1.84% | 1.28% | 0.09% |
Drawdowns
SPXU vs. SDS - Drawdown Comparison
The maximum SPXU drawdown since its inception was -99.98%, roughly equal to the maximum SDS drawdown of -99.76%. Use the drawdown chart below to compare losses from any high point for SPXU and SDS. For additional features, visit the drawdowns tool.
Volatility
SPXU vs. SDS - Volatility Comparison
ProShares UltraPro Short S&P500 (SPXU) has a higher volatility of 12.43% compared to ProShares UltraShort S&P500 (SDS) at 8.22%. This indicates that SPXU's price experiences larger fluctuations and is considered to be riskier than SDS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.