TOLZ vs. UVXY
TOLZ (ProShares DJ Brookfield Global Infrastructure ETF) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - TOLZ is a Industrials Equities fund tracking the Dow Jones Brookfield Global Infrastructure Composite 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 10 years, TOLZ returned 7.49%/yr vs -72.05%/yr for UVXY. At a correlation of -0.49, they often move in opposite directions. TOLZ charges 0.46%/yr vs 0.95%/yr for UVXY.
Performance
TOLZ vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, TOLZ achieves a 13.47% return, which is significantly higher than UVXY's -34.93% return. Over the past 10 years, TOLZ has outperformed UVXY with an annualized return of 7.49%, while UVXY has yielded a comparatively lower -72.05% annualized return.
TOLZ
- 1D
- 0.49%
- 1M
- 1.10%
- 6M
- 12.48%
- YTD
- 13.47%
- 1Y
- 17.92%
- 3Y*
- 14.46%
- 5Y*
- 9.04%
- 10Y*
- 7.49%
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%
TOLZ vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TOLZ ProShares DJ Brookfield Global Infrastructure ETF | 13.47% | 14.76% | 11.67% | 6.18% | -4.25% | 20.47% | -9.46% | 26.84% | -7.90% | 13.28% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -34.93% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Correlation
The correlation between TOLZ and UVXY is -0.13, 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 | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2014 | -0.49 |
Over the past year, the inverse relationship between TOLZ and UVXY has weakened: their correlation has moved from -0.49 to -0.13, meaning they move in opposite directions less often than they have historically.
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Return for Risk
TOLZ vs. UVXY — Risk / Return Rank
TOLZ
UVXY
TOLZ vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) 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.
| TOLZ | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +4.04 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.82 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | -0.99 | +4.47 |
| Martin ratioReturn relative to average drawdown | 9.77 | -1.48 | +11.25 |
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Drawdowns
TOLZ vs. UVXY - Drawdown Comparison
The maximum TOLZ drawdown since its inception was -39.33%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TOLZ and UVXY.
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Drawdown Indicators
| TOLZ | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.33% | -100.00% | +60.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.18% | -73.88% | +68.70% |
Max Drawdown (3Y)Largest decline over 3 years | -11.94% | -95.42% | +83.48% |
Max Drawdown (5Y)Largest decline over 5 years | -21.85% | -99.75% | +77.90% |
Max Drawdown (10Y)Largest decline over 10 years | -39.33% | -100.00% | +60.67% |
Current DrawdownCurrent decline from peak | -1.24% | -100.00% | +98.76% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -98.76% | +92.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 49.56% | -47.72% |
Volatility
TOLZ vs. UVXY - Volatility Comparison
The current volatility for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) is 3.65%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 17.16%. This indicates that TOLZ 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
| TOLZ | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.65% | 17.16% | -13.51% |
Volatility (6M)Calculated over the trailing 6-month period | 8.69% | 66.78% | -58.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.60% | 85.47% | -74.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.03% | 103.82% | -89.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.22% | 112.00% | -95.78% |
TOLZ vs. UVXY - Expense Ratio Comparison
TOLZ has a 0.46% expense ratio, which is lower than UVXY's 0.95% expense ratio.
Dividends
TOLZ vs. UVXY - Dividend Comparison
TOLZ's dividend yield for the trailing twelve months is around 2.94%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TOLZ ProShares DJ Brookfield Global Infrastructure ETF | 2.94% | 3.99% | 3.53% | 3.34% | 3.01% | 3.28% | 3.16% | 2.96% | 3.63% | 3.30% | 2.62% | 3.67% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TOLZ and UVXY have a correlation of -0.13, 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 TOLZ (3.65%). In terms of maximum drawdown, TOLZ dropped -39.33% vs UVXY's -100.00%.
On 10-year performance, TOLZ leads with 7.49% vs -72.05% for UVXY. On fees, TOLZ is cheaper at 0.46% per year. On volatility, TOLZ has been the lower-risk option at 3.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TOLZ has performed better with a 7.49% return vs -72.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TOLZ is cheaper with a 0.46% expense ratio, compared with 0.95% for UVXY.
TOLZ has the higher dividend yield at 2.94%, compared with 0.00% for UVXY.
TOLZ is categorized as Industrials Equities, while UVXY is Volatility. TOLZ tracks Dow Jones Brookfield Global Infrastructure Composite Index, while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%). Their fees differ too: 0.46% for TOLZ and 0.95% for UVXY.
TOLZ currently has the higher Sharpe Ratio (1.70 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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