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SZK vs. DHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SZK vs. DHS

Last updated Jun 4, 2026

SZK (ProShares UltraShort Consumer Goods) and DHS (WisdomTree US High Dividend Fund) are both exchange-traded funds - SZK is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Goods Index (-200%), while DHS is a Large Cap Value Equities fund tracking the WisdomTree U.S. High Dividend Index. Both are passively managed. Over the past 10 years, SZK returned -16.12%/yr vs 9.47%/yr for DHS. At a correlation of -0.64, they often move in opposite directions. SZK charges 0.95%/yr vs 0.38%/yr for DHS.

Performance

SZK vs. DHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Consumer Goods (SZK) and WisdomTree US High Dividend Fund (DHS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SZK achieves a -10.45% return, which is significantly lower than DHS's 9.88% return. Over the past 10 years, SZK has underperformed DHS with an annualized return of -16.12%, while DHS has yielded a comparatively higher 9.47% annualized return.

SZK

1D
-0.60%
1M
3.66%
YTD
-10.45%
6M
-8.35%
1Y
2.69%
3Y*
-4.48%
5Y*
-3.44%
10Y*
-16.12%

DHS

1D
-0.67%
1M
-0.16%
YTD
9.88%
6M
10.38%
1Y
20.55%
3Y*
16.39%
5Y*
10.59%
10Y*
9.47%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SZK vs. DHS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SZK
ProShares UltraShort Consumer Goods		-10.45%3.37%-11.33%-3.10%47.20%-37.78%-58.24%-39.43%33.62%-27.22%
DHS
WisdomTree US High Dividend Fund		9.88%12.87%18.02%-0.19%7.97%23.20%-5.70%22.59%-7.41%11.69%

Correlation

The correlation between SZK and DHS is -0.61, 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 (1Y)
Calculated over the trailing 1-year period

-0.61

Correlation (3Y)
Calculated over the trailing 3-year period

-0.58

Correlation (5Y)
Calculated over the trailing 5-year period

-0.59

Correlation (10Y)
Calculated over the trailing 10-year period

-0.61

Correlation (All Time)
Calculated using the full available price history since Feb 2, 2007

-0.64

The correlation between SZK and DHS has been stable across timeframes, ranging from -0.64 to -0.58 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares UltraShort Consumer Goods

WisdomTree US High Dividend Fund

Often compared with SZK:
SZK vs. SSGSZK vs. HIBSSZK vs. XLPSZK vs. SQQQSZK vs. UUPSZK vs. TZASZK vs. VOO
Often compared with DHS:
DHS vs. SCHDDHS vs. SPHDDHS vs. DGRODHS vs. JEPIDHS vs. FDVVDHS vs. DTDDHS vs. SPY

Return for Risk

SZK vs. DHS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SZK
SZK Risk / Return Rank: 1010
Overall Rank
SZK Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
SZK Sortino Ratio Rank: 1010
Sortino Ratio Rank
SZK Omega Ratio Rank: 1010
Omega Ratio Rank
SZK Calmar Ratio Rank: 1010
Calmar Ratio Rank
SZK Martin Ratio Rank: 1010
Martin Ratio Rank
DHS
DHS Risk / Return Rank: 6262
Overall Rank
DHS Sharpe Ratio Rank: 6060
Sharpe Ratio Rank
DHS Sortino Ratio Rank: 6666
Sortino Ratio Rank
DHS Omega Ratio Rank: 5757
Omega Ratio Rank
DHS Calmar Ratio Rank: 6565
Calmar Ratio Rank
DHS Martin Ratio Rank: 6565
Martin Ratio Rank
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.

SZK vs. DHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) and WisdomTree US High Dividend Fund (DHS). 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.

SZKDHSDifference

Sharpe ratio

Return per unit of total volatility

0.11

2.06

-1.95

Sortino ratio

Return per unit of downside risk

0.33

3.09

-2.76

Omega ratio

Gain probability vs. loss probability

1.04

1.35

-0.32

Calmar ratio

Return relative to maximum drawdown

0.09

3.28

-3.18

Martin ratio

Return relative to average drawdown

0.21

12.04

-11.83

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SZK vs. DHS - Sharpe Ratio Comparison

The current SZK Sharpe Ratio is 0.11, which is lower than the DHS Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of SZK and DHS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SZKDHSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.11

2.06

-1.95

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.11

0.77

-0.88

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.48

0.59

-1.07

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.59

0.41

-0.99

Drawdowns

SZK vs. DHS - Drawdown Comparison

The maximum SZK drawdown since its inception was -99.40%, which is greater than DHS's maximum drawdown of -67.25%. Use the drawdown chart below to compare losses from any high point for SZK and DHS.

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Drawdown Indicators

SZKDHSDifference

Max Drawdown

Largest peak-to-trough decline

-99.40%

-67.25%

-32.15%

Max Drawdown (1Y)

Largest decline over 1 year

-29.26%

-6.30%

-22.96%

Max Drawdown (3Y)

Largest decline over 3 years

-41.81%

-11.87%

-29.94%

Max Drawdown (5Y)

Largest decline over 5 years

-41.81%

-15.28%

-26.53%

Max Drawdown (10Y)

Largest decline over 10 years

-86.78%

-37.35%

-49.43%

Current Drawdown

Current decline from peak

-99.24%

-2.60%

-96.64%

Average Drawdown

Average peak-to-trough decline

-81.99%

-9.55%

-72.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.87%

1.71%

+11.16%

Volatility

SZK vs. DHS - Volatility Comparison

ProShares UltraShort Consumer Goods (SZK) has a higher volatility of 8.10% compared to WisdomTree US High Dividend Fund (DHS) at 2.88%. This indicates that SZK's price experiences larger fluctuations and is considered to be riskier than DHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SZKDHSDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.10%

2.88%

+5.22%

Volatility (6M)

Calculated over the trailing 6-month period

19.99%

7.32%

+12.67%

Volatility (1Y)

Calculated over the trailing 1-year period

25.19%

10.01%

+15.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

31.45%

13.89%

+17.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.60%

16.08%

+17.52%

SZK vs. DHS - Expense Ratio Comparison

SZK has a 0.95% expense ratio, which is higher than DHS's 0.38% expense ratio.

Dividends

SZK vs. DHS - Dividend Comparison

SZK's dividend yield for the trailing twelve months is around 2.65%, less than DHS's 3.35% yield.

PositionTTM20252024202320222021202020192018201720162015
DHS
WisdomTree US High Dividend Fund		3.35%3.32%3.66%4.31%3.42%3.29%4.14%3.69%3.76%3.00%3.25%3.53%
SZK
ProShares UltraShort Consumer Goods		2.65%2.90%5.70%4.03%0.56%0.00%0.19%1.70%0.50%0.00%0.00%0.00%

Frequently Asked Questions

SZK and DHS have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SZK has higher volatility (8.10%) compared to DHS (2.88%). In terms of maximum drawdown, SZK dropped -99.40% vs DHS's -67.25%.

On 10-year performance, DHS leads with 9.47% vs -16.12% for SZK. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 2.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DHS has performed better with a 9.47% return vs -16.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DHS is cheaper with a 0.38% expense ratio, compared with 0.95% for SZK.

DHS has the higher dividend yield at 3.35%, compared with 2.65% for SZK.

SZK is categorized as Leveraged Equities, while DHS is Large Cap Value Equities. SZK tracks Dow Jones U.S. Consumer Goods Index (-200%), while DHS tracks WisdomTree U.S. High Dividend Index. They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for SZK and 0.38% for DHS.

DHS currently has the higher Sharpe Ratio (2.06 vs 0.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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