SZK vs. DHS
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 -16.68%/yr vs 9.73%/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
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Returns By Period
In the year-to-date period, SZK achieves a -15.03% return, which is significantly lower than DHS's 12.61% return. Over the past 10 years, SZK has underperformed DHS with an annualized return of -16.68%, while DHS has yielded a comparatively higher 9.73% annualized return.
SZK
- 1D
- -3.58%
- 1M
- 1.29%
- YTD
- -15.03%
- 6M
- -14.75%
- 1Y
- -5.00%
- 3Y*
- -5.75%
- 5Y*
- -4.45%
- 10Y*
- -16.68%
DHS
- 1D
- 0.81%
- 1M
- -0.18%
- YTD
- 12.61%
- 6M
- 12.50%
- 1Y
- 22.41%
- 3Y*
- 17.58%
- 5Y*
- 11.73%
- 10Y*
- 9.73%
SZK vs. DHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SZK ProShares UltraShort Consumer Goods | -15.03% | 3.37% | -11.33% | -3.10% | 47.20% | -37.78% | -58.24% | -39.43% | 33.62% | -27.22% |
DHS WisdomTree US High Dividend Fund | 12.61% | 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 -0.60, 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 | -0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.59 |
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 1, 2007 | -0.64 |
The correlation between SZK and DHS has been stable across timeframes, ranging from -0.64 to -0.59 - a consistent structural relationship.
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Return for Risk
SZK vs. DHS — Risk / Return Rank
SZK
DHS
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.
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 | DHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.40 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.38 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 3.57 | -3.74 |
| Martin ratioReturn relative to average drawdown | -0.37 | 12.96 | -13.32 |
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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
| SZK | DHS | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -99.28% | -1.19% | -98.09% |
Average DrawdownAverage peak-to-trough decline | -82.02% | -9.53% | -72.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.60% | 1.73% | +11.87% |
Volatility
SZK vs. DHS - Volatility Comparison
ProShares UltraShort Consumer Goods (SZK) has a higher volatility of 10.21% compared to WisdomTree US High Dividend Fund (DHS) at 3.61%. 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
| SZK | DHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.21% | 3.61% | +6.60% |
Volatility (6M)Calculated over the trailing 6-month period | 21.18% | 7.53% | +13.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.03% | 10.20% | +15.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.60% | 13.88% | +17.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.63% | 16.08% | +17.55% |
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 2.79%, less than DHS's 3.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DHS WisdomTree US High Dividend Fund | 3.27% | 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 | 2.79% | 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 -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SZK has higher volatility (10.21%) compared to DHS (3.61%). In terms of maximum drawdown, SZK dropped -99.40% vs DHS's -67.25%.
On 10-year performance, DHS leads with 9.73% vs -16.68% for SZK. On fees, DHS is cheaper at 0.38% per year. On volatility, DHS has been the lower-risk option at 3.61%. 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 9.73% return vs -16.68%. 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 3.27%, compared with 2.79% 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 (2.21 vs -0.19), 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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