SZK vs. FVD
SZK (ProShares UltraShort Consumer Goods) and FVD (First Trust Value Line Dividend Index Fund) are both exchange-traded funds - SZK is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Goods Index (-200%), while FVD is a Mid Cap Value Equities fund tracking the Value Line Dividend Index. Both are passively managed. Over the past 10 years, SZK returned -16.29%/yr vs 8.75%/yr for FVD. Their -0.68 correlation means they have often moved in opposite directions in the past. SZK charges 0.95%/yr vs 0.61%/yr for FVD.
Performance
SZK vs. FVD - Performance Comparison
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Returns By Period
In the year-to-date period, SZK achieves a -17.72% return, which is significantly lower than FVD's 10.07% return. Over the past 10 years, SZK has underperformed FVD with an annualized return of -16.29%, while FVD has yielded a comparatively higher 8.75% annualized return.
SZK
- 1D
- 0.85%
- 1M
- -0.28%
- 6M
- -5.05%
- YTD
- -17.72%
- 1Y
- -11.68%
- 3Y*
- -5.80%
- 5Y*
- -3.85%
- 10Y*
- -16.29%
- ALL TIME*
- -19.51%
FVD
- 1D
- -0.18%
- 1M
- 1.52%
- 6M
- 5.94%
- YTD
- 10.07%
- 1Y
- 14.68%
- 3Y*
- 9.72%
- 5Y*
- 6.75%
- 10Y*
- 8.75%
- ALL TIME*
- 9.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $21.15M | $21.63M | $33.04M | |
| $85.70K | $65.45K | $43.62K |
SZK vs. FVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SZK ProShares UltraShort Consumer Goods | -17.72% | 3.37% | -11.33% | -3.10% | 47.20% | -37.78% | -58.24% | -39.43% | 33.62% | -27.22% |
FVD First Trust Value Line Dividend Index Fund | 10.07% | 8.16% | 10.04% | 4.11% | -5.18% | 25.08% | -0.02% | 26.58% | -3.49% | 12.51% |
Correlation
The correlation between SZK and FVD is -0.64, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.64 |
Correlation (3Y) Balances recent behavior with more history. | -0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | -0.68 |
The correlation between SZK and FVD has been stable across timeframes, ranging from -0.70 to -0.64 - a consistent structural relationship.
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Return for Risk
SZK vs. FVD — Risk / Return Rank
SZK
FVD
SZK vs. FVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) and First Trust Value Line Dividend Index Fund (FVD). 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 | FVD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.65 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.25 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.99 | -2.42 |
| Martin ratioReturn relative to average drawdown | -0.83 | 5.07 | -5.91 |
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Drawdowns
SZK vs. FVD - Drawdown Comparison
The maximum SZK drawdown since its inception was -99.40%, which is greater than FVD's maximum drawdown of -51.00%. Use the drawdown chart below to compare losses from any high point for SZK and FVD.
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Drawdown Indicators
| SZK | FVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -51.00% | -48.40% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -7.23% | -22.03% |
Max Drawdown (3Y)Largest decline over 3 years | -41.81% | -11.97% | -29.84% |
Max Drawdown (5Y)Largest decline over 5 years | -41.81% | -16.41% | -25.40% |
Max Drawdown (10Y)Largest decline over 10 years | -86.78% | -35.25% | -51.53% |
Current DrawdownCurrent decline from peak | -99.30% | -1.72% | -97.58% |
Average DrawdownAverage peak-to-trough decline | -82.12% | -5.42% | -76.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.23% | 2.83% | +12.40% |
Volatility
SZK vs. FVD - Volatility Comparison
ProShares UltraShort Consumer Goods (SZK) has a higher volatility of 12.54% compared to First Trust Value Line Dividend Index Fund (FVD) at 4.37%. This indicates that SZK's price experiences larger fluctuations and is considered to be riskier than FVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SZK | FVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.54% | 4.37% | +8.17% |
Volatility (6M)Calculated over the trailing 6-month period | 23.42% | 8.01% | +15.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.28% | 10.14% | +18.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.97% | 12.84% | +19.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.77% | 15.47% | +18.30% |
SZK vs. FVD - Expense Ratio Comparison
SZK has a 0.95% expense ratio, which is higher than FVD's 0.61% expense ratio.
Dividends
SZK vs. FVD - Dividend Comparison
SZK's dividend yield for the trailing twelve months is around 2.79%, more than FVD's 2.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FVD First Trust Value Line Dividend Index Fund | 2.23% | 2.36% | 2.23% | 2.34% | 2.20% | 1.75% | 2.31% | 2.03% | 2.50% | 2.10% | 2.04% | 2.34% |
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 FVD have a correlation of -0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SZK has higher volatility (12.54%) compared to FVD (4.37%). In terms of maximum drawdown, SZK dropped -99.40% vs FVD's -51.00%.
On 10-year performance, FVD leads with 8.75% vs -16.29% for SZK. On fees, FVD is cheaper at 0.61% per year. On volatility, FVD has been the lower-risk option at 4.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FVD has performed better with a 8.75% return vs -16.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FVD is cheaper with a 0.61% expense ratio, compared with 0.95% for SZK.
SZK has the higher dividend yield at 2.79%, compared with 2.23% for FVD.
SZK is categorized as Leveraged Equities, while FVD is Mid Cap Value Equities. SZK tracks Dow Jones U.S. Consumer Goods Index (-200%), while FVD tracks Value Line Dividend Index. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.95% for SZK and 0.61% for FVD.
FVD currently has the higher Sharpe Ratio (1.42 vs -0.45), 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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