TINY vs. USD

Last updated Jun 5, 2026

TINY (ProShares Nanotechnology ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - TINY is a Technology Equities fund tracking the Solactive Nanotechnology Index, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 3 years, TINY returned 30.24%/yr vs 125.78%/yr for USD. Their correlation of 0.83 suggests significant overlap in exposure. TINY charges 0.58%/yr vs 0.95%/yr for USD.

Performance

TINY vs. USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Nanotechnology ETF (TINY) and ProShares Ultra Semiconductors (USD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TINY achieves a 55.62% return, which is significantly lower than USD's 103.32% return.

TINY

• 1D: -2.60%
• 1M: 7.29%
• YTD: 55.62%
• 6M: 55.41%
• 1Y: 105.71%
• 3Y*: 30.24%
• 5Y*: —
• 10Y*: —

USD

• 1D: -4.99%
• 1M: 31.62%
• YTD: 103.32%
• 6M: 97.79%
• 1Y: 250.81%
• 3Y*: 125.78%
• 5Y*: 67.80%
• 10Y*: 61.24%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TINY vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
TINY ProShares Nanotechnology ETF	55.62%	19.98%	6.63%	47.97%	-34.14%	8.73%
USD ProShares Ultra Semiconductors	103.32%	62.08%	139.64%	228.79%	-68.57%	36.87%

Correlation

The correlation between TINY and USD is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021	0.83

The correlation between TINY and USD shifts across timeframes, from 0.68 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

TINY vs. USD - Sectors Allocation Comparison

Sectors	TINY	USD
Technology	79.0%	27.4%
Healthcare	8.6%	-
Basic Materials	7.7%	-
Industrials	4.7%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Financial Services	-	27.8%
Real Estate	-	-
Utilities	-	-

Return for Risk

TINY vs. USD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TINY

TINY Risk / Return Rank: 89
TINY Sharpe Ratio Rank: 92
TINY Sortino Ratio Rank: 85
TINY Omega Ratio Rank: 82
TINY Calmar Ratio Rank: 92
TINY Martin Ratio Rank: 92

USD

USD Risk / Return Rank: 89
USD Sharpe Ratio Rank: 96
USD Sortino Ratio Rank: 82
USD Omega Ratio Rank: 81
USD Calmar Ratio Rank: 95
USD Martin Ratio Rank: 92

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TINY vs. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Nanotechnology ETF (TINY) and ProShares Ultra Semiconductors (USD). 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.

	TINY	USD	Difference
Sharpe ratio: Return per unit of total volatility	3.25	4.12	-0.87
Sortino ratio: Return per unit of downside risk	3.75	3.62	+0.13
Omega ratio: Gain probability vs. loss probability	1.49	1.48	+0.01
Calmar ratio: Return relative to maximum drawdown	6.35	7.94	-1.60
Martin ratio: Return relative to average drawdown	22.33	22.96	-0.63
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TINY vs. USD - Sharpe Ratio Comparison

The current TINY Sharpe Ratio is 3.25, which is comparable to the USD Sharpe Ratio of 4.12. The chart below compares the historical Sharpe Ratios of TINY and USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TINY	USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.25	4.12	-0.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.89	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.49	+0.06

Drawdowns

TINY vs. USD - Drawdown Comparison

The maximum TINY drawdown since its inception was -43.79%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for TINY and USD.

Drawdown Indicators

	TINY	USD	Difference
Max Drawdown Largest peak-to-trough decline	-43.79%	-88.63%	+44.84%
Max Drawdown (1Y) Largest decline over 1 year	-16.75%	-31.80%	+15.05%
Max Drawdown (3Y) Largest decline over 3 years	-42.13%	-64.46%	+22.33%
Max Drawdown (5Y) Largest decline over 5 years	—	-77.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-77.85%	—
Current Drawdown Current decline from peak	-2.60%	-6.07%	+3.47%
Average Drawdown Average peak-to-trough decline	-16.15%	-32.35%	+16.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.75%	10.98%	-6.23%

Volatility

TINY vs. USD - Volatility Comparison

The current volatility for ProShares Nanotechnology ETF (TINY) is 11.69%, while ProShares Ultra Semiconductors (USD) has a volatility of 21.29%. This indicates that TINY experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TINY	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.69%	21.29%	-9.60%
Volatility (6M) Calculated over the trailing 6-month period	26.55%	46.74%	-20.19%
Volatility (1Y) Calculated over the trailing 1-year period	32.75%	61.28%	-28.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.38%	76.56%	-44.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.38%	69.24%	-36.86%

TINY vs. USD - Expense Ratio Comparison

TINY has a 0.58% expense ratio, which is lower than USD's 0.95% expense ratio.

Dividends

TINY vs. USD - Dividend Comparison

TINY's dividend yield for the trailing twelve months is around 0.19%, less than USD's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TINY ProShares Nanotechnology ETF	0.19%	0.29%	0.01%	0.35%	0.42%	0.07%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
USD ProShares Ultra Semiconductors	0.23%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both TINY and USD in my portfolio?

TINY and USD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TINY or USD?

USD has higher volatility (21.29%) compared to TINY (11.69%). In terms of maximum drawdown, TINY dropped -43.79% vs USD's -88.63%.

Which ETF is better, TINY or USD?

On 3-year performance, USD leads with 125.78% vs 30.24% for TINY. On fees, TINY is cheaper at 0.58% per year. On volatility, TINY has been the lower-risk option at 11.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TINY or USD?

Over the 3-year period, USD has performed better with a 125.78% return vs 30.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TINY or USD?

TINY is cheaper with a 0.58% expense ratio, compared with 0.95% for USD.

Which ETF pays a higher dividend yield, TINY or USD?

USD has the higher dividend yield at 0.23%, compared with 0.19% for TINY.

What is the main difference between TINY and USD?

TINY is categorized as Technology Equities, while USD is Leveraged Equities. TINY tracks Solactive Nanotechnology Index, while USD tracks Dow Jones U.S. Semiconductors Index (200%). Their fees differ too: 0.58% for TINY and 0.95% for USD.

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (4.12 vs 3.25), 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.