TMDV vs. UVXY
TMDV (ProShares Russell U.S. Dividend Growers ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - TMDV is a Mid Cap Value Equities fund tracking the Russell 3000 Dividend Elite 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, TMDV returned 2.41%/yr vs -67.90%/yr for UVXY. At a correlation of -0.53, they often move in opposite directions. TMDV charges 0.35%/yr vs 0.95%/yr for UVXY.
Performance
TMDV vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, TMDV achieves a 4.53% return, which is significantly higher than UVXY's -19.06% return.
TMDV
- 1D
- -0.33%
- 1M
- 0.05%
- YTD
- 4.53%
- 6M
- 4.29%
- 1Y
- 5.96%
- 3Y*
- 4.85%
- 5Y*
- 2.41%
- 10Y*
- —
UVXY
- 1D
- -0.24%
- 1M
- -22.10%
- YTD
- -19.06%
- 6M
- -37.37%
- 1Y
- -72.91%
- 3Y*
- -64.55%
- 5Y*
- -67.90%
- 10Y*
- -72.67%
TMDV vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TMDV ProShares Russell U.S. Dividend Growers ETF | 4.53% | 2.91% | 2.64% | 2.25% | -5.10% | 23.45% | 4.82% | 3.26% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -19.06% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -30.10% |
Correlation
The correlation between TMDV and UVXY is -0.38, 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 | -0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.53 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2019 | -0.53 |
The correlation between TMDV and UVXY shifts across timeframes, from -0.53 (all time) to -0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TMDV vs. UVXY — Risk / Return Rank
TMDV
UVXY
TMDV vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell U.S. Dividend Growers ETF (TMDV) 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.
| TMDV | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.36 | ||
| Sortino ratioReturn per unit of downside risk | +2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.82 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | -0.97 | +1.58 |
| Martin ratioReturn relative to average drawdown | 1.50 | -1.31 | +2.81 |
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
| TMDV | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | -0.87 | +1.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.17 | -0.66 | +0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | -0.68 | +0.98 |
Drawdowns
TMDV vs. UVXY - Drawdown Comparison
The maximum TMDV drawdown since its inception was -33.42%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TMDV and UVXY.
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Drawdown Indicators
| TMDV | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.42% | -100.00% | +66.58% |
Max Drawdown (1Y)Largest decline over 1 year | -9.82% | -75.22% | +65.40% |
Max Drawdown (3Y)Largest decline over 3 years | -16.02% | -95.45% | +79.43% |
Max Drawdown (5Y)Largest decline over 5 years | -17.11% | -99.68% | +82.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -100.00% | — |
Current DrawdownCurrent decline from peak | -6.56% | -100.00% | +93.44% |
Average DrawdownAverage peak-to-trough decline | -5.43% | -98.55% | +93.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 55.63% | -51.64% |
Volatility
TMDV vs. UVXY - Volatility Comparison
The current volatility for ProShares Russell U.S. Dividend Growers ETF (TMDV) is 2.97%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 11.77%. This indicates that TMDV 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
| TMDV | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 11.77% | -8.80% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 62.64% | -54.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.10% | 84.42% | -72.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.43% | 103.85% | -89.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.64% | 113.82% | -95.18% |
TMDV vs. UVXY - Expense Ratio Comparison
TMDV has a 0.35% expense ratio, which is lower than UVXY's 0.95% expense ratio.
Dividends
TMDV vs. UVXY - Dividend Comparison
TMDV's dividend yield for the trailing twelve months is around 2.62%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TMDV ProShares Russell U.S. Dividend Growers ETF | 2.62% | 2.65% | 2.70% | 2.45% | 2.46% | 2.14% | 2.28% | 0.16% |
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
TMDV and UVXY have a correlation of -0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (11.77%) compared to TMDV (2.97%). In terms of maximum drawdown, TMDV dropped -33.42% vs UVXY's -100.00%.
On 5-year performance, TMDV leads with 2.41% vs -67.90% for UVXY. On fees, TMDV is cheaper at 0.35% per year. On volatility, TMDV has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TMDV has performed better with a 2.41% return vs -67.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TMDV is cheaper with a 0.35% expense ratio, compared with 0.95% for UVXY.
TMDV has the higher dividend yield at 2.62%, compared with 0.00% for UVXY.
TMDV is categorized as Mid Cap Value Equities, while UVXY is Volatility. TMDV tracks Russell 3000 Dividend Elite Index, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.35% for TMDV and 0.95% for UVXY.
TMDV currently has the higher Sharpe Ratio (0.50 vs -0.87), 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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