TSLI vs. UVXY

Last updated Jun 30, 2026

TSLI (ProShares Ultra TSLA) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - TSLI is a Leveraged Equities fund actively managed by ProShares, while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). TSLI is actively managed, while UVXY is passively managed. At a correlation of -0.49, they often move in opposite directions.

Performance

TSLI vs. UVXY - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with TSLI having a -27.63% return and UVXY slightly lower at -28.44%.

TSLI

• 1D: 16.30%
• 1M: -13.97%
• YTD: -27.63%
• 6M: -31.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

UVXY

• 1D: -5.55%
• 1M: -10.64%
• YTD: -28.44%
• 6M: -28.82%
• 1Y: -72.81%
• 3Y*: -61.83%
• 5Y*: -67.41%
• 10Y*: -72.67%

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

TSLI vs. UVXY - Yearly Performance Comparison

	2026 (YTD)	2025
TSLI ProShares Ultra TSLA	-27.63%	48.21%
UVXY ProShares Ultra VIX Short-Term Futures ETF	-28.44%	-36.07%

Correlation

The correlation between TSLI and UVXY is -0.49, 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 (All Time) Calculated using the full available price history since Sep 10, 2025	-0.49

Return for Risk

TSLI vs. UVXY — Risk / Return Rank

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

TSLI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

UVXY

UVXY Risk / Return Rank: 2
UVXY Sharpe Ratio Rank: 3
UVXY Sortino Ratio Rank: 1
UVXY Omega Ratio Rank: 2
UVXY Calmar Ratio Rank: 0
UVXY Martin Ratio Rank: 2

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.

TSLI vs. UVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra TSLA (TSLI) 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.

	TSLI	UVXY	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.86	—
Sortino ratio: Return per unit of downside risk	—	-1.58	—
Omega ratio: Gain probability vs. loss probability	—	0.82	—
Calmar ratio: Return relative to maximum drawdown	—	-1.01	—
Martin ratio: Return relative to average drawdown	—	-1.45	—

Drawdowns

TSLI vs. UVXY - Drawdown Comparison

The maximum TSLI drawdown since its inception was -54.83%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for TSLI and UVXY.

Drawdown Indicators

	TSLI	UVXY	Difference
Max Drawdown Largest peak-to-trough decline	-54.83%	-100.00%	+45.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-72.58%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-94.92%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-99.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-100.00%	—
Current Drawdown Current decline from peak	-39.83%	-100.00%	+60.17%
Average Drawdown Average peak-to-trough decline	-26.12%	-98.75%	+72.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	50.56%	—

Volatility

Volatility by Period

	TSLI	UVXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	25.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	66.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	88.44%	85.25%	+3.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.44%	103.97%	-15.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.44%	112.11%	-23.67%

Dividends

TSLI vs. UVXY - Dividend Comparison

TSLI's dividend yield for the trailing twelve months is around 9.72%, while UVXY has not paid dividends to shareholders.

Position	TTM	2025
TSLI ProShares Ultra TSLA	9.72%	6.17%
UVXY ProShares Ultra VIX Short-Term Futures ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLI and UVXY in my portfolio?

TSLI and UVXY have a correlation of -0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF pays a higher dividend yield, TSLI or UVXY?

TSLI has the higher dividend yield at 9.72%, compared with 0.00% for UVXY.

What is the main difference between TSLI and UVXY?

TSLI is categorized as Leveraged Equities, while UVXY is Volatility.