SZK vs. BRKL

Last updated Aug 6, 2026

SZK (ProShares UltraShort Consumer Goods) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. SZK is passively managed, while BRKL is actively managed. Their -0.54 correlation means they have often moved in opposite directions in the past. SZK charges 0.95%/yr vs 0.45%/yr for BRKL.

Performance

SZK vs. BRKL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Consumer Goods (SZK) and Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SZK

• 1D: -0.26%
• 1M: -3.10%
• 6M: 2.45%
• YTD: -18.22%
• 1Y: -11.75%
• 3Y*: -6.63%
• 5Y*: -4.12%
• 10Y*: -16.27%
• ALL TIME*: -19.52%

BRKL

• 1D: 0.57%
• 1M: 4.11%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKL Corgi BRKB 2x Daily ETF	$8.20K	$16.10K	$16.10K
SZK ProShares UltraShort Consumer Goods	$56.40K	$61.28K	$43.80K

SZK vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
SZK ProShares UltraShort Consumer Goods	-3.10%
BRKL Corgi BRKB 2x Daily ETF	4.11%

Correlation

The correlation between SZK and BRKL is -0.54, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	-0.54

Return for Risk

SZK vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

SZK

SZK Risk / Return Rank: 6
SZK Sharpe Ratio Rank: 6
SZK Sortino Ratio Rank: 6
SZK Omega Ratio Rank: 6
SZK Calmar Ratio Rank: 6
SZK Martin Ratio Rank: 6

BRKL

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

SZK vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) and Corgi BRKB 2x Daily ETF (BRKL). 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.

	SZK	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	-0.42	—	—
Sortino ratio: Return per unit of downside risk	-0.41	—	—
Omega ratio: Gain probability vs. loss probability	0.95	—	—
Calmar ratio: Return relative to maximum drawdown	-0.40	—	—
Martin ratio: Return relative to average drawdown	-0.77	—	—

Drawdowns

SZK vs. BRKL - Drawdown Comparison

The maximum SZK drawdown since its inception was -99.40%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for SZK and BRKL.

Drawdown Indicators

	SZK	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-99.40%	-7.03%	-92.37%
Max Drawdown (1Y) Largest decline over 1 year	-29.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-41.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.81%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-86.78%	—	—
Current Drawdown Current decline from peak	-99.31%	0.00%	-99.31%
Average Drawdown Average peak-to-trough decline	-82.13%	-3.57%	-78.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.39%	—	—

Volatility

Volatility by Period

	SZK	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.39%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.80%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.20%	29.20%	-1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.97%	29.20%	+2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.77%	29.20%	+4.57%

SZK vs. BRKL - Expense Ratio Comparison

SZK has a 0.95% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

SZK vs. BRKL - Dividend Comparison

SZK's dividend yield for the trailing twelve months is around 2.81%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BRKL Corgi BRKB 2x Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SZK ProShares UltraShort Consumer Goods	2.81%	2.90%	5.70%	4.03%	0.56%	0.00%	0.19%	1.70%	0.50%

Frequently Asked Questions

Can I hold both SZK and BRKL in my portfolio?

SZK and BRKL 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, SZK or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SZK or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 0.95% for SZK.

Which ETF pays a higher dividend yield, SZK or BRKL?

SZK has the higher dividend yield at 2.81%, compared with 0.00% for BRKL.

What is the main difference between SZK and BRKL?

They also come from different issuers: ProShares and Corgi. Their fees differ too: 0.95% for SZK and 0.45% for BRKL.