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SPXV vs. SPXU
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPXV and SPXU is -1.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


-0.50.00.51.0
Correlation: -1.0

Performance

SPXV vs. SPXU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Ex-Health Care ETF (SPXV) and ProShares UltraPro Short S&P500 (SPXU). The values are adjusted to include any dividend payments, if applicable.

-100.00%0.00%100.00%200.00%300.00%NovemberDecember2025FebruaryMarchApril
222.10%
-98.98%
SPXV
SPXU

Key characteristics

Sharpe Ratio

SPXV:

0.57

SPXU:

-0.50

Sortino Ratio

SPXV:

0.93

SPXU:

-0.40

Omega Ratio

SPXV:

1.14

SPXU:

0.94

Calmar Ratio

SPXV:

0.60

SPXU:

-0.29

Martin Ratio

SPXV:

2.41

SPXU:

-0.96

Ulcer Index

SPXV:

4.92%

SPXU:

29.80%

Daily Std Dev

SPXV:

20.80%

SPXU:

57.60%

Max Drawdown

SPXV:

-34.34%

SPXU:

-99.99%

Current Drawdown

SPXV:

-10.36%

SPXU:

-99.98%

Returns By Period

In the year-to-date period, SPXV achieves a -6.40% return, which is significantly lower than SPXU's 7.57% return.


SPXV

YTD

-6.40%

1M

-3.04%

6M

-3.99%

1Y

12.25%

5Y*

17.20%

10Y*

N/A

SPXU

YTD

7.57%

1M

-1.24%

6M

4.03%

1Y

-29.53%

5Y*

-41.90%

10Y*

-37.89%

*Annualized

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SPXV vs. SPXU - Expense Ratio Comparison

SPXV has a 0.27% expense ratio, which is lower than SPXU's 0.93% expense ratio.


Expense ratio chart for SPXU: current value is 0.93%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXU: 0.93%
Expense ratio chart for SPXV: current value is 0.27%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXV: 0.27%

Risk-Adjusted Performance

SPXV vs. SPXU — Risk-Adjusted Performance Rank

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

SPXV
The Risk-Adjusted Performance Rank of SPXV is 6565
Overall Rank
The Sharpe Ratio Rank of SPXV is 6363
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXV is 6363
Sortino Ratio Rank
The Omega Ratio Rank of SPXV is 6565
Omega Ratio Rank
The Calmar Ratio Rank of SPXV is 6868
Calmar Ratio Rank
The Martin Ratio Rank of SPXV is 6666
Martin Ratio Rank

SPXU
The Risk-Adjusted Performance Rank of SPXU is 66
Overall Rank
The Sharpe Ratio Rank of SPXU is 55
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXU is 66
Sortino Ratio Rank
The Omega Ratio Rank of SPXU is 66
Omega Ratio Rank
The Calmar Ratio Rank of SPXU is 66
Calmar Ratio Rank
The Martin Ratio Rank of SPXU is 66
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPXV vs. SPXU - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Ex-Health Care ETF (SPXV) and ProShares UltraPro Short S&P500 (SPXU). 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.


The chart of Sharpe ratio for SPXV, currently valued at 0.57, compared to the broader market-1.000.001.002.003.004.00
SPXV: 0.57
SPXU: -0.50
The chart of Sortino ratio for SPXV, currently valued at 0.93, compared to the broader market-2.000.002.004.006.008.00
SPXV: 0.93
SPXU: -0.40
The chart of Omega ratio for SPXV, currently valued at 1.14, compared to the broader market0.501.001.502.002.50
SPXV: 1.14
SPXU: 0.94
The chart of Calmar ratio for SPXV, currently valued at 0.60, compared to the broader market0.002.004.006.008.0010.0012.00
SPXV: 0.60
SPXU: -0.29
The chart of Martin ratio for SPXV, currently valued at 2.41, compared to the broader market0.0020.0040.0060.00
SPXV: 2.41
SPXU: -0.96

The current SPXV Sharpe Ratio is 0.57, which is higher than the SPXU Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of SPXV and SPXU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-2.00-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.57
-0.50
SPXV
SPXU

Dividends

SPXV vs. SPXU - Dividend Comparison

SPXV's dividend yield for the trailing twelve months is around 1.23%, less than SPXU's 7.39% yield.


TTM2024202320222021202020192018201720162015
SPXV
ProShares S&P 500 Ex-Health Care ETF
1.23%1.12%1.27%1.67%1.40%1.45%1.58%1.90%1.56%3.08%0.00%
SPXU
ProShares UltraPro Short S&P500
7.39%9.53%7.06%0.39%0.00%0.71%2.14%1.40%0.11%0.00%0.00%

Drawdowns

SPXV vs. SPXU - Drawdown Comparison

The maximum SPXV drawdown since its inception was -34.34%, smaller than the maximum SPXU drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for SPXV and SPXU. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2025FebruaryMarchApril
-10.36%
-99.05%
SPXV
SPXU

Volatility

SPXV vs. SPXU - Volatility Comparison

The current volatility for ProShares S&P 500 Ex-Health Care ETF (SPXV) is 15.07%, while ProShares UltraPro Short S&P500 (SPXU) has a volatility of 45.20%. This indicates that SPXV experiences smaller price fluctuations and is considered to be less risky than SPXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%NovemberDecember2025FebruaryMarchApril
15.07%
45.20%
SPXV
SPXU