TMDV vs. UDI

Last updated Jul 14, 2026

TMDV (ProShares Russell U.S. Dividend Growers ETF) and UDI (USCF ESG Dividend Income Fund) are both exchange-traded funds - TMDV is a Mid Cap Value Equities fund tracking the Russell 3000 Dividend Elite Index, while UDI is a Large Cap Value Equities fund actively managed by USCF Advisers. TMDV is passively managed, while UDI is actively managed. Over the past 3 years, TMDV returned 6.19%/yr vs 17.07%/yr for UDI. Their correlation of 0.87 suggests significant overlap in exposure. TMDV charges 0.35%/yr vs 0.65%/yr for UDI.

Performance

TMDV vs. UDI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Russell U.S. Dividend Growers ETF (TMDV) and USCF ESG Dividend Income Fund (UDI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TMDV achieves a 11.64% return, which is significantly lower than UDI's 15.03% return.

TMDV

• 1D: 0.13%
• 1M: 2.52%
• 6M: 7.74%
• YTD: 11.64%
• 1Y: 11.35%
• 3Y*: 6.19%
• 5Y*: 4.31%
• 10Y*: —

UDI

• 1D: 0.54%
• 1M: 1.66%
• 6M: 13.65%
• YTD: 15.03%
• 1Y: 23.75%
• 3Y*: 17.07%
• 5Y*: —
• 10Y*: —

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

TMDV vs. UDI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TMDV ProShares Russell U.S. Dividend Growers ETF	11.64%	2.91%	2.64%	2.25%	1.05%
UDI USCF ESG Dividend Income Fund	15.03%	14.23%	17.07%	6.35%	3.14%

Correlation

The correlation between TMDV and UDI is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 8, 2022	0.87

The correlation between TMDV and UDI has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.

TMDV vs. UDI - Sectors Allocation Comparison

Sectors	TMDV	UDI
Consumer Defensive	23.5%	4.0%
Financial Services	16.1%	28.3%
Industrials	16.0%	2.5%
Utilities	12.2%	8.1%
Basic Materials	12.2%	4.1%
Consumer Cyclical	5.5%	2.1%
Healthcare	5.4%	16.6%
Real Estate	4.8%	10.2%
Energy	2.8%	11.4%
Technology	1.6%	7.9%
Communication Services	-	5.0%

Return for Risk

TMDV vs. UDI — Risk / Return Rank

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

TMDV

TMDV Risk / Return Rank: 30
TMDV Sharpe Ratio Rank: 32
TMDV Sortino Ratio Rank: 33
TMDV Omega Ratio Rank: 29
TMDV Calmar Ratio Rank: 29
TMDV Martin Ratio Rank: 26

UDI

UDI Risk / Return Rank: 89
UDI Sharpe Ratio Rank: 89
UDI Sortino Ratio Rank: 90
UDI Omega Ratio Rank: 85
UDI Calmar Ratio Rank: 89
UDI Martin Ratio Rank: 90

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.

TMDV vs. UDI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Russell U.S. Dividend Growers ETF (TMDV) and USCF ESG Dividend Income Fund (UDI). 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.

	TMDV	UDI	Difference
Sharpe ratio: Return per unit of total volatility	0.93	2.33	-1.40
Sortino ratio: Return per unit of downside risk	1.46	3.34	-1.88
Omega ratio: Gain probability vs. loss probability	1.16	1.41	-0.24
Calmar ratio: Return relative to maximum drawdown	1.16	4.22	-3.06
Martin ratio: Return relative to average drawdown	2.79	16.00	-13.21

TMDV vs. UDI - Sharpe Ratio Comparison

The current TMDV Sharpe Ratio is 0.93, which is lower than the UDI Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of TMDV and UDI, 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

TMDV vs. UDI - Drawdown Comparison

The maximum TMDV drawdown since its inception was -33.42%, which is greater than UDI's maximum drawdown of -14.17%. Use the drawdown chart below to compare losses from any high point for TMDV and UDI.

Drawdown Indicators

	TMDV	UDI	Difference
Max Drawdown Largest peak-to-trough decline	-33.42%	-14.17%	-19.25%
Max Drawdown (1Y) Largest decline over 1 year	-9.82%	-5.66%	-4.16%
Max Drawdown (3Y) Largest decline over 3 years	-16.02%	-14.17%	-1.85%
Max Drawdown (5Y) Largest decline over 5 years	-17.11%	—	—
Current Drawdown Current decline from peak	-1.35%	0.00%	-1.35%
Average Drawdown Average peak-to-trough decline	-5.38%	-3.03%	-2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.07%	1.49%	+2.58%

Volatility

TMDV vs. UDI - Volatility Comparison

ProShares Russell U.S. Dividend Growers ETF (TMDV) has a higher volatility of 3.95% compared to USCF ESG Dividend Income Fund (UDI) at 3.42%. This indicates that TMDV's price experiences larger fluctuations and is considered to be riskier than UDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TMDV	UDI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	3.42%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	8.90%	7.37%	+1.53%
Volatility (1Y) Calculated over the trailing 1-year period	12.22%	10.24%	+1.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.45%	13.98%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.57%	13.98%	+4.59%

TMDV vs. UDI - Expense Ratio Comparison

TMDV has a 0.35% expense ratio, which is lower than UDI's 0.65% expense ratio.

Dividends

TMDV vs. UDI - Dividend Comparison

TMDV's dividend yield for the trailing twelve months is around 2.51%, more than UDI's 2.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
TMDV ProShares Russell U.S. Dividend Growers ETF	2.51%	2.65%	2.70%	2.45%	2.46%	2.14%	2.28%	0.16%
UDI USCF ESG Dividend Income Fund	2.40%	2.42%	5.33%	2.61%	1.79%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TMDV and UDI in my portfolio?

TMDV and UDI have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TMDV or UDI?

TMDV has higher volatility (3.95%) compared to UDI (3.42%). In terms of maximum drawdown, TMDV dropped -33.42% vs UDI's -14.17%.

Which ETF is better, TMDV or UDI?

On 3-year performance, UDI leads with 17.07% vs 6.19% for TMDV. On fees, TMDV is cheaper at 0.35% per year. On volatility, UDI has been the lower-risk option at 3.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TMDV or UDI?

Over the 3-year period, UDI has performed better with a 17.07% return vs 6.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TMDV or UDI?

TMDV is cheaper with a 0.35% expense ratio, compared with 0.65% for UDI.

Which ETF pays a higher dividend yield, TMDV or UDI?

TMDV has the higher dividend yield at 2.51%, compared with 2.40% for UDI.

What is the main difference between TMDV and UDI?

TMDV is categorized as Mid Cap Value Equities, while UDI is Large Cap Value Equities. They also come from different issuers: ProShares and USCF Advisers. Their fees differ too: 0.35% for TMDV and 0.65% for UDI.

Which has better risk-adjusted returns?

UDI currently has the higher Sharpe Ratio (2.33 vs 0.93), 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.