SZK vs. INTW

Last updated Aug 6, 2026

SZK (ProShares UltraShort Consumer Goods) and INTW (GraniteShares 2x Long INTC Daily ETF) are both Leveraged Equities funds. SZK is passively managed, while INTW is actively managed. Over the past year, SZK returned -11.75% vs 1134.92% for INTW. Their 0.07 correlation means their historical movements had little consistent relationship. SZK charges 0.95%/yr vs 1.50%/yr for INTW.

Performance

SZK vs. INTW - Performance Comparison

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

Returns By Period

In the year-to-date period, SZK achieves a -18.22% return, which is significantly lower than INTW's 345.89% return.

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%

INTW

• 1D: 0.17%
• 1M: -37.16%
• 6M: 187.29%
• YTD: 345.89%
• 1Y: 1,134.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 281.04%

*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)
INTW GraniteShares 2x Long INTC Daily ETF	$150.68M	$131.12M	$207.99M
SZK ProShares UltraShort Consumer Goods	$56.40K	$61.28K	$43.80K

SZK vs. INTW - Yearly Performance Comparison

	2026 (YTD)	2025
SZK ProShares UltraShort Consumer Goods	-18.22%	7.97%
INTW GraniteShares 2x Long INTC Daily ETF	345.89%	60.89%

Correlation

The correlation between SZK and INTW is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.16
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.07

Return for Risk

SZK vs. INTW — 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

INTW

INTW Risk / Return Rank: 97
INTW Sharpe Ratio Rank: 99
INTW Sortino Ratio Rank: 95
INTW Omega Ratio Rank: 94
INTW Calmar Ratio Rank: 99
INTW Martin Ratio Rank: 98

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. INTW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) and GraniteShares 2x Long INTC Daily ETF (INTW). 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	INTW	Difference
Sharpe ratio: Return per unit of total volatility	-0.42	7.25	-7.66
Sortino ratio: Return per unit of downside risk	-0.41	4.24	-4.65
Omega ratio: Gain probability vs. loss probability	0.95	1.52	-0.57
Calmar ratio: Return relative to maximum drawdown	-0.40	16.59	-16.99
Martin ratio: Return relative to average drawdown	-0.77	43.54	-44.31

SZK vs. INTW - Sharpe Ratio Comparison

The current SZK Sharpe Ratio is -0.42, which is lower than the INTW Sharpe Ratio of 7.25. The chart below compares the historical Sharpe Ratios of SZK and INTW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SZK vs. INTW - Drawdown Comparison

The maximum SZK drawdown since its inception was -99.40%, which is greater than INTW's maximum drawdown of -69.16%. Use the drawdown chart below to compare losses from any high point for SZK and INTW.

Drawdown Indicators

	SZK	INTW	Difference
Max Drawdown Largest peak-to-trough decline	-99.40%	-69.16%	-30.24%
Max Drawdown (1Y) Largest decline over 1 year	-29.26%	-69.16%	+39.90%
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%	-54.11%	-45.20%
Average Drawdown Average peak-to-trough decline	-82.13%	-30.81%	-51.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.39%	26.30%	-10.91%

Volatility

SZK vs. INTW - Volatility Comparison

The current volatility for ProShares UltraShort Consumer Goods (SZK) is 11.39%, while GraniteShares 2x Long INTC Daily ETF (INTW) has a volatility of 48.62%. This indicates that SZK experiences smaller price fluctuations and is considered to be less risky than INTW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SZK	INTW	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.39%	48.62%	-37.23%
Volatility (6M) Calculated over the trailing 6-month period	22.80%	117.90%	-95.10%
Volatility (1Y) Calculated over the trailing 1-year period	28.20%	158.43%	-130.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.97%	151.04%	-119.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.77%	151.04%	-117.27%

SZK vs. INTW - Expense Ratio Comparison

SZK has a 0.95% expense ratio, which is lower than INTW's 1.50% expense ratio.

Dividends

SZK vs. INTW - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
INTW GraniteShares 2x Long INTC 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 INTW in my portfolio?

SZK and INTW have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SZK or INTW?

INTW has higher volatility (48.62%) compared to SZK (11.39%). In terms of maximum drawdown, SZK dropped -99.40% vs INTW's -69.16%.

Which ETF is better, SZK or INTW?

On 1-year performance, INTW leads with 1134.92% vs -11.75% for SZK. On fees, SZK is cheaper at 0.95% per year. On volatility, SZK has been the lower-risk option at 11.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SZK or INTW?

Over the 1-year period, INTW has performed better with a 1134.92% return vs -11.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SZK or INTW?

SZK is cheaper with a 0.95% expense ratio, compared with 1.50% for INTW.

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

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

What is the main difference between SZK and INTW?

They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for SZK and 1.50% for INTW.

Which has better risk-adjusted returns?

INTW currently has the higher Sharpe Ratio (7.25 vs -0.42), 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.