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 13.78%/yr vs -68.23%/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 22.23% return, which is significantly higher than UVXY's -23.07% return.
TDV
- 1D
- -0.70%
- 1M
- 7.55%
- YTD
- 22.23%
- 6M
- 19.99%
- 1Y
- 34.50%
- 3Y*
- 20.69%
- 5Y*
- 13.78%
- 10Y*
- —
UVXY
- 1D
- -4.95%
- 1M
- -26.21%
- YTD
- -23.07%
- 6M
- -39.47%
- 1Y
- -74.10%
- 3Y*
- -64.78%
- 5Y*
- -68.23%
- 10Y*
- -72.73%
TDV vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TDV ProShares S&P Technology Dividend Aristocrats ETF | 22.23% | 16.05% | 9.72% | 27.29% | -15.94% | 28.29% | 29.00% | 3.67% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -23.07% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -30.10% |
Correlation
The correlation between TDV and UVXY 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 | -0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | -0.68 |
The correlation between TDV and UVXY has been stable across timeframes, ranging from -0.68 to -0.60 - 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.
| TDV | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.89 | ||
| Sortino ratioReturn per unit of downside risk | +4.40 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.81 | +0.54 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | -0.97 | +4.60 |
| Martin ratioReturn relative to average drawdown | 12.54 | -1.33 | +13.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TDV | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | -0.88 | +2.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | -0.66 | +1.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | -0.68 | +1.43 |
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% | -76.19% | +66.64% |
Max Drawdown (3Y)Largest decline over 3 years | -22.51% | -95.25% | +72.74% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -99.69% | +74.58% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -1.12% | -100.00% | +98.88% |
Average DrawdownAverage peak-to-trough decline | -5.36% | -98.55% | +93.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 55.83% | -53.07% |
Volatility
TDV vs. UVXY - Volatility Comparison
The current volatility for ProShares S&P Technology Dividend Aristocrats ETF (TDV) is 5.05%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 12.26%. 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 | 5.05% | 12.26% | -7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 62.79% | -50.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.25% | 84.51% | -67.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 103.82% | -83.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 113.81% | -90.61% |
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 0.94%, 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 | 0.94% | 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 -0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (12.26%) compared to TDV (5.05%). In terms of maximum drawdown, TDV dropped -32.78% vs UVXY's -100.00%.
On 5-year performance, TDV leads with 13.78% vs -68.23% for UVXY. On fees, TDV is cheaper at 0.66% per year. On volatility, TDV has been the lower-risk option at 5.05%. 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 13.78% return vs -68.23%. 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 0.94%, 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 (2.01 vs -0.88), 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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