TDV vs. UVXY
TDV (ProShares S&P Technology Dividend Aristocrats ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - TDV is a Technology Equities fund tracking the Zacks 2040 Lifecycle Index, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 5 years, TDV returned 12.20%/yr vs -68.33%/yr for UVXY. At a correlation of -0.68, they often move in opposite directions. TDV charges 0.66%/yr vs 0.95%/yr for UVXY.
Performance
TDV vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, TDV achieves a 13.91% return, which is significantly higher than UVXY's -34.93% return.
TDV
- 1D
- -0.28%
- 1M
- -4.81%
- 6M
- 9.46%
- YTD
- 13.91%
- 1Y
- 18.54%
- 3Y*
- 14.75%
- 5Y*
- 12.20%
- 10Y*
- —
UVXY
- 1D
- 2.95%
- 1M
- -9.52%
- 6M
- -33.79%
- YTD
- -34.93%
- 1Y
- -73.19%
- 3Y*
- -62.17%
- 5Y*
- -68.33%
- 10Y*
- -72.05%
TDV vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TDV ProShares S&P Technology Dividend Aristocrats ETF | 13.91% | 16.05% | 9.72% | 27.29% | -15.94% | 28.29% | 29.00% | 2.86% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -34.93% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -31.00% |
Correlation
The correlation between TDV and UVXY is -0.63, 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 | -0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019 | -0.68 |
The correlation between TDV and UVXY has been stable across timeframes, ranging from -0.68 to -0.63 - a consistent structural relationship.
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Return for Risk
TDV vs. UVXY — Risk / Return Rank
TDV
UVXY
TDV vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Technology Dividend Aristocrats ETF (TDV) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.
| TDV | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.83 | ||
| Sortino ratioReturn per unit of downside risk | +2.99 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.82 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | -0.99 | +2.94 |
| Martin ratioReturn relative to average drawdown | 5.80 | -1.48 | +7.28 |
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Drawdowns
TDV vs. UVXY - Drawdown Comparison
The maximum TDV drawdown since its inception was -32.78%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TDV and UVXY.
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Drawdown Indicators
| TDV | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.78% | -100.00% | +67.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.55% | -73.88% | +64.33% |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | -95.42% | +72.91% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -99.75% | +74.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -7.85% | -100.00% | +92.15% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -98.76% | +93.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 49.56% | -46.35% |
Volatility
TDV vs. UVXY - Volatility Comparison
The current volatility for ProShares S&P Technology Dividend Aristocrats ETF (TDV) is 7.48%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 17.16%. This indicates that TDV experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDV | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 17.16% | -9.68% |
Volatility (6M)Calculated over the trailing 6-month period | 15.39% | 66.78% | -51.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.19% | 85.47% | -66.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.84% | 103.82% | -82.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.31% | 112.00% | -88.69% |
TDV vs. UVXY - Expense Ratio Comparison
TDV has a 0.66% expense ratio, which is lower than UVXY's 0.95% expense ratio.
Dividends
TDV vs. UVXY - Dividend Comparison
TDV's dividend yield for the trailing twelve months is around 1.07%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TDV ProShares S&P Technology Dividend Aristocrats ETF | 1.07% | 1.09% | 1.16% | 1.16% | 1.67% | 1.08% | 1.10% | 0.11% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TDV and UVXY have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (17.16%) compared to TDV (7.48%). In terms of maximum drawdown, TDV dropped -32.78% vs UVXY's -100.00%.
On 5-year performance, TDV leads with 12.20% vs -68.33% for UVXY. On fees, TDV is cheaper at 0.66% per year. On volatility, TDV has been the lower-risk option at 7.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TDV has performed better with a 12.20% return vs -68.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDV is cheaper with a 0.66% expense ratio, compared with 0.95% for UVXY.
TDV has the higher dividend yield at 1.07%, compared with 0.00% for UVXY.
TDV is categorized as Technology Equities, while UVXY is Volatility. TDV tracks Zacks 2040 Lifecycle Index, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.66% for TDV and 0.95% for UVXY.
TDV currently has the higher Sharpe Ratio (0.97 vs -0.86), 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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