TSYX vs. SDP

Last updated Jul 17, 2026

TSYX (TSPY Lift ETF) and SDP (ProShares UltraShort Utilities) are both Leveraged Equities funds. TSYX is actively managed, while SDP is passively managed. At a 0.01 correlation, their price movements are largely independent. TSYX charges 0.98%/yr vs 0.95%/yr for SDP.

Performance

TSYX vs. SDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TSPY Lift ETF (TSYX) and ProShares UltraShort Utilities (SDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

TSYX

• 1D: -0.77%
• 1M: 0.02%
• 6M: 6.29%
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SDP

• 1D: -1.06%
• 1M: -2.64%
• 6M: -9.81%
• YTD: -13.42%
• 1Y: -19.85%
• 3Y*: -20.83%
• 5Y*: -17.02%
• 10Y*: -20.62%

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

TSYX vs. SDP - Yearly Performance Comparison

	2026 (YTD)
TSYX TSPY Lift ETF	6.04%
SDP ProShares UltraShort Utilities	-12.65%

Correlation

The correlation between TSYX and SDP is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 7, 2026	0.01

Return for Risk

TSYX vs. SDP — Risk / Return Rank

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

TSYX

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

SDP

SDP Risk / Return Rank: 3
SDP Sharpe Ratio Rank: 4
SDP Sortino Ratio Rank: 4
SDP Omega Ratio Rank: 4
SDP Calmar Ratio Rank: 3
SDP 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.

TSYX vs. SDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TSPY Lift ETF (TSYX) and ProShares UltraShort Utilities (SDP). 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.

	TSYX	SDP	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.66	—
Sortino ratio: Return per unit of downside risk	—	-0.86	—
Omega ratio: Gain probability vs. loss probability	—	0.91	—
Calmar ratio: Return relative to maximum drawdown	—	-0.78	—
Martin ratio: Return relative to average drawdown	—	-1.32	—

Drawdowns

TSYX vs. SDP - Drawdown Comparison

The maximum TSYX drawdown since its inception was -13.39%, smaller than the maximum SDP drawdown of -99.56%. Use the drawdown chart below to compare losses from any high point for TSYX and SDP.

Drawdown Indicators

	TSYX	SDP	Difference
Max Drawdown Largest peak-to-trough decline	-13.39%	-99.56%	+86.17%
Max Drawdown (1Y) Largest decline over 1 year	—	-25.44%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-66.17%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.17%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-92.43%	—
Current Drawdown Current decline from peak	-1.85%	-99.53%	+97.68%
Average Drawdown Average peak-to-trough decline	-2.90%	-82.21%	+79.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	15.28%	—

Volatility

Volatility by Period

	TSYX	SDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.08%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.37%	29.97%	-11.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	34.43%	-16.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.37%	37.59%	-19.22%

TSYX vs. SDP - Expense Ratio Comparison

TSYX has a 0.98% expense ratio, which is higher than SDP's 0.95% expense ratio.

Dividends

TSYX vs. SDP - Dividend Comparison

TSYX's dividend yield for the trailing twelve months is around 8.47%, more than SDP's 4.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
SDP ProShares UltraShort Utilities	4.29%	3.99%	4.66%	3.04%	0.56%	0.00%	0.13%	0.87%	0.05%
TSYX TSPY Lift ETF	8.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSYX and SDP in my portfolio?

TSYX and SDP have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TSYX or SDP?

On fees, SDP is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TSYX or SDP?

SDP is cheaper with a 0.95% expense ratio, compared with 0.98% for TSYX.

Which ETF pays a higher dividend yield, TSYX or SDP?

TSYX has the higher dividend yield at 8.47%, compared with 4.29% for SDP.

What is the main difference between TSYX and SDP?

They also come from different issuers: TappAlpha and ProShares. Their fees differ too: 0.98% for TSYX and 0.95% for SDP.