SZK vs. VALG
SZK (ProShares UltraShort Consumer Goods) and VALG (Leverage Shares 2X Long VALE Daily ETF) are both Leveraged Equities funds - SZK tracks the Dow Jones U.S. Consumer Goods Index (-200%) while VALG tracks the Vale S.A. (VALE). Both are passively managed. Their -0.05 correlation means they have often moved in opposite directions in the past. SZK charges 0.95%/yr vs 0.75%/yr for VALG.
Performance
SZK vs. VALG - Performance Comparison
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Returns By Period
In the year-to-date period, SZK achieves a -18.22% return, which is significantly lower than VALG's 13.21% 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%
VALG
- 1D
- 1.33%
- 1M
- -3.72%
- 6M
- -31.72%
- YTD
- 13.21%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $56.40K | $61.28K | $43.80K | |
| $6.08K | $8.71K | $25.55K |
SZK vs. VALG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SZK ProShares UltraShort Consumer Goods | -18.22% | 4.30% |
VALG Leverage Shares 2X Long VALE Daily ETF | 13.21% | 1.57% |
Correlation
The correlation between SZK and VALG is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | -0.05 |
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Return for Risk
SZK vs. VALG — Risk / Return Rank
SZK
VALG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SZK vs. VALG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) and Leverage Shares 2X Long VALE Daily ETF (VALG). 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 | VALG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.95 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | — | — |
| Martin ratioReturn relative to average drawdown | -0.77 | — | — |
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Drawdowns
SZK vs. VALG - Drawdown Comparison
The maximum SZK drawdown since its inception was -99.40%, which is greater than VALG's maximum drawdown of -41.17%. Use the drawdown chart below to compare losses from any high point for SZK and VALG.
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Drawdown Indicators
| SZK | VALG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -41.17% | -58.23% |
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 DrawdownCurrent decline from peak | -99.31% | -34.48% | -64.83% |
Average DrawdownAverage peak-to-trough decline | -82.13% | -17.63% | -64.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.39% | — | — |
Volatility
SZK vs. VALG - Volatility Comparison
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Volatility by Period
| SZK | VALG | 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% | 71.80% | -43.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.97% | 71.80% | -39.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.77% | 71.80% | -38.03% |
SZK vs. VALG - Expense Ratio Comparison
SZK has a 0.95% expense ratio, which is higher than VALG's 0.75% expense ratio.
Dividends
SZK vs. VALG - Dividend Comparison
SZK's dividend yield for the trailing twelve months is around 2.81%, while VALG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SZK ProShares UltraShort Consumer Goods | 2.81% | 2.90% | 5.70% | 4.03% | 0.56% | 0.00% | 0.19% | 1.70% | 0.50% |
VALG Leverage Shares 2X Long VALE Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SZK and VALG have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VALG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VALG is cheaper with a 0.75% expense ratio, compared with 0.95% for SZK.
SZK has the higher dividend yield at 2.81%, compared with 0.00% for VALG.
SZK tracks Dow Jones U.S. Consumer Goods Index (-200%), while VALG tracks Vale S.A. (VALE). They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for SZK and 0.75% for VALG.
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