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TOLZ vs. UVXY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

TOLZ vs. UVXY

Last updated Jun 4, 2026

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 7.75%/yr vs -72.67%/yr for UVXY. At a correlation of -0.50, they often move in opposite directions. TOLZ charges 0.46%/yr vs 0.95%/yr for UVXY.

Performance

TOLZ vs. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, TOLZ achieves a 11.31% return, which is significantly higher than UVXY's -19.06% return. Over the past 10 years, TOLZ has outperformed UVXY with an annualized return of 7.75%, while UVXY has yielded a comparatively lower -72.67% annualized return.

TOLZ

1D
-0.10%
1M
-1.82%
YTD
11.31%
6M
11.51%
1Y
13.97%
3Y*
14.17%
5Y*
8.46%
10Y*
7.75%

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

TOLZ vs. UVXY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
TOLZ
ProShares DJ Brookfield Global Infrastructure ETF		11.31%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		-19.06%-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 -0.16, 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

-0.16

Correlation (3Y)
Calculated over the trailing 3-year period

-0.32

Correlation (5Y)
Calculated over the trailing 5-year period

-0.45

Correlation (10Y)
Calculated over the trailing 10-year period

-0.49

Correlation (All Time)
Calculated using the full available price history since Mar 28, 2014

-0.50

Over the past year, the inverse relationship between TOLZ and UVXY has weakened: their correlation has moved from -0.50 to -0.16, meaning they move in opposite directions less often than they have historically.

Compare stocks, funds, or ETFs

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ProShares DJ Brookfield Global Infrastructure ETF

ProShares Ultra VIX Short-Term Futures ETF

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Often compared with UVXY:
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Return for Risk

TOLZ vs. UVXY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
TOLZ
TOLZ Risk / Return Rank: 4343
Overall Rank
TOLZ Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
TOLZ Sortino Ratio Rank: 3838
Sortino Ratio Rank
TOLZ Omega Ratio Rank: 3535
Omega Ratio Rank
TOLZ Calmar Ratio Rank: 5555
Calmar Ratio Rank
TOLZ Martin Ratio Rank: 4949
Martin Ratio Rank
UVXY
UVXY Risk / Return Rank: 11
Overall Rank
UVXY Sharpe Ratio Rank: 22
Sharpe Ratio Rank
UVXY Sortino Ratio Rank: 11
Sortino Ratio Rank
UVXY Omega Ratio Rank: 11
Omega Ratio Rank
UVXY Calmar Ratio Rank: 11
Calmar Ratio Rank
UVXY Martin Ratio Rank: 22
Martin Ratio Rank
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.

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.

TOLZUVXYDifference
Sharpe ratioReturn per unit of total volatility
1.36
-0.87

+2.23

Sortino ratioReturn per unit of downside risk
1.99
-1.60

+3.59

Omega ratioGain probability vs. loss probability

1.23

0.82

+0.42

Calmar ratioReturn relative to maximum drawdown

2.71

-0.97

+3.68

Martin ratioReturn relative to average drawdown

8.20

-1.31

+9.51

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOLZ vs. UVXY - Sharpe Ratio Comparison

The current TOLZ Sharpe Ratio is 1.36, which is higher than the UVXY Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of TOLZ and UVXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

TOLZUVXYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.36

-0.87

+2.23

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.61

-0.66

+1.26

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

-0.64

+1.12

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

-0.68

+1.09

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

TOLZUVXYDifference

Max Drawdown

Largest peak-to-trough decline

-39.33%

-100.00%

+60.67%

Max Drawdown (1Y)

Largest decline over 1 year

-5.18%

-75.22%

+70.04%

Max Drawdown (3Y)

Largest decline over 3 years

-11.94%

-95.45%

+83.51%

Max Drawdown (5Y)

Largest decline over 5 years

-21.85%

-99.68%

+77.83%

Max Drawdown (10Y)

Largest decline over 10 years

-39.33%

-100.00%

+60.67%

Current Drawdown

Current decline from peak

-3.13%

-100.00%

+96.87%

Average Drawdown

Average peak-to-trough decline

-6.63%

-98.55%

+91.92%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.71%

55.63%

-53.92%

Volatility

TOLZ vs. UVXY - Volatility Comparison

The current volatility for ProShares DJ Brookfield Global Infrastructure ETF (TOLZ) is 3.37%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 11.77%. 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

TOLZUVXYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.37%

11.77%

-8.40%

Volatility (6M)

Calculated over the trailing 6-month period

8.20%

62.64%

-54.44%

Volatility (1Y)

Calculated over the trailing 1-year period

10.29%

84.42%

-74.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.99%

103.85%

-89.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.29%

113.82%

-97.53%

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 3.66%, while UVXY has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
TOLZ
ProShares DJ Brookfield Global Infrastructure ETF		3.66%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 -0.16, 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 TOLZ (3.37%). In terms of maximum drawdown, TOLZ dropped -39.33% vs UVXY's -100.00%.

On 10-year performance, TOLZ leads with 7.75% vs -72.67% for UVXY. On fees, TOLZ is cheaper at 0.46% per year. On volatility, TOLZ has been the lower-risk option at 3.37%. 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 7.75% return vs -72.67%. 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 3.66%, 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 (1.36 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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