SRTY vs. VALG

Last updated Jul 15, 2026

SRTY (ProShares UltraPro Short Russell2000) and VALG (Leverage Shares 2X Long VALE Daily ETF) are both Leveraged Equities funds - SRTY tracks the Russell 2000 Index (-300%) while VALG tracks the Vale S.A. (VALE). Both are passively managed. At a correlation of -0.54, they often move in opposite directions. SRTY charges 0.95%/yr vs 0.75%/yr for VALG.

Performance

SRTY vs. VALG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short Russell2000 (SRTY) and Leverage Shares 2X Long VALE Daily ETF (VALG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRTY achieves a -45.32% return, which is significantly lower than VALG's 9.11% return.

SRTY

• 1D: -1.04%
• 1M: -2.05%
• 6M: -34.59%
• YTD: -45.32%
• 1Y: -61.31%
• 3Y*: -43.61%
• 5Y*: -33.31%
• 10Y*: -43.29%

VALG

• 1D: 6.09%
• 1M: -15.01%
• 6M: -6.08%
• YTD: 9.11%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SRTY vs. VALG - Yearly Performance Comparison

	2026 (YTD)	2025
SRTY ProShares UltraPro Short Russell2000	-45.32%	1.56%
VALG Leverage Shares 2X Long VALE Daily ETF	9.11%	1.57%

Correlation

The correlation between SRTY and VALG is -0.54, 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 Dec 18, 2025	-0.54

Return for Risk

SRTY vs. VALG — Risk / Return Rank

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

SRTY

SRTY Risk / Return Rank: 1
SRTY Sharpe Ratio Rank: 1
SRTY Sortino Ratio Rank: 1
SRTY Omega Ratio Rank: 1
SRTY Calmar Ratio Rank: 1
SRTY Martin Ratio Rank: 2

VALG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SRTY vs. VALG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Russell2000 (SRTY) and Leverage Shares 2X Long VALE Daily ETF (VALG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	SRTY	VALG	Difference
Sharpe ratio: Return per unit of total volatility	-1.06	—	—
Sortino ratio: Return per unit of downside risk	-1.77	—	—
Omega ratio: Gain probability vs. loss probability	0.81	—	—
Calmar ratio: Return relative to maximum drawdown	-0.91	—	—
Martin ratio: Return relative to average drawdown	-1.40	—	—

Drawdowns

SRTY vs. VALG - Drawdown Comparison

The maximum SRTY drawdown since its inception was -100.00%, which is greater than VALG's maximum drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for SRTY and VALG.

Drawdown Indicators

	SRTY	VALG	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-41.01%	-58.99%
Max Drawdown (1Y) Largest decline over 1 year	-67.43%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-89.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-99.70%	—	—
Current Drawdown Current decline from peak	-100.00%	-36.85%	-63.15%
Average Drawdown Average peak-to-trough decline	-94.16%	-15.47%	-78.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.94%	—	—

Volatility

Volatility by Period

	SRTY	VALG	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.23%	73.64%	-15.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.52%	73.64%	-6.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.25%	73.64%	-5.39%

SRTY vs. VALG - Expense Ratio Comparison

SRTY has a 0.95% expense ratio, which is higher than VALG's 0.75% expense ratio.

Dividends

SRTY vs. VALG - Dividend Comparison

SRTY's dividend yield for the trailing twelve months is around 8.40%, while VALG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRTY ProShares UltraPro Short Russell2000	8.40%	6.87%	9.40%	4.93%	0.17%	0.00%	0.95%	2.13%	0.70%	0.04%
VALG Leverage Shares 2X Long VALE Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SRTY and VALG in my portfolio?

SRTY and VALG have a correlation of -0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SRTY or VALG?

On fees, VALG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SRTY or VALG?

VALG is cheaper with a 0.75% expense ratio, compared with 0.95% for SRTY.

Which ETF pays a higher dividend yield, SRTY or VALG?

SRTY has the higher dividend yield at 8.40%, compared with 0.00% for VALG.

What is the main difference between SRTY and VALG?

SRTY tracks Russell 2000 Index (-300%), while VALG tracks Vale S.A. (VALE). They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for SRTY and 0.75% for VALG.