UBR vs. AVUV
UBR (ProShares Ultra MSCI Brazil) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - UBR is a Leveraged Equities fund tracking the MSCI Brazil Index (200%), while AVUV is a Small Cap Value Equities fund actively managed by Avantis. UBR is passively managed, while AVUV is actively managed. Over the past 5 years, UBR returned -5.17%/yr vs 10.71%/yr for AVUV. At a 0.48 correlation, their price movements are largely independent. UBR charges 0.95%/yr vs 0.25%/yr for AVUV.
Performance
UBR vs. AVUV - Performance Comparison
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Returns By Period
In the year-to-date period, UBR achieves a 13.03% return, which is significantly lower than AVUV's 17.96% return.
UBR
- 1D
- -5.40%
- 1M
- -21.46%
- YTD
- 13.03%
- 6M
- 3.25%
- 1Y
- 56.81%
- 3Y*
- 8.90%
- 5Y*
- -5.17%
- 10Y*
- -1.90%
AVUV
- 1D
- -0.97%
- 1M
- 1.21%
- YTD
- 17.96%
- 6M
- 17.23%
- 1Y
- 36.48%
- 3Y*
- 19.24%
- 5Y*
- 10.71%
- 10Y*
- —
UBR vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
UBR ProShares Ultra MSCI Brazil | 13.03% | 96.11% | -57.05% | 49.98% | 5.60% | -39.03% | -60.67% | 26.80% |
AVUV Avantis US Small Cap Value ETF | 17.96% | 7.44% | 9.28% | 22.82% | -4.91% | 42.20% | 6.43% | 8.50% |
Correlation
The correlation between UBR and AVUV is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.48 |
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Return for Risk
UBR vs. AVUV — Risk / Return Rank
UBR
AVUV
UBR vs. AVUV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Brazil (UBR) and Avantis US Small Cap Value ETF (AVUV). 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.
| UBR | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.36 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.81 | 4.61 | -2.80 |
| Martin ratioReturn relative to average drawdown | 5.36 | 13.69 | -8.33 |
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
| UBR | AVUV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.15 | 2.10 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.47 | -0.57 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.20 | 0.56 | -0.75 |
Drawdowns
UBR vs. AVUV - Drawdown Comparison
The maximum UBR drawdown since its inception was -97.15%, which is greater than AVUV's maximum drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for UBR and AVUV.
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Drawdown Indicators
| UBR | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.15% | -49.42% | -47.73% |
Max Drawdown (1Y)Largest decline over 1 year | -31.50% | -7.95% | -23.55% |
Max Drawdown (3Y)Largest decline over 3 years | -58.11% | -28.79% | -29.32% |
Max Drawdown (5Y)Largest decline over 5 years | -67.07% | -28.79% | -38.28% |
Max Drawdown (10Y)Largest decline over 10 years | -87.57% | — | — |
Current DrawdownCurrent decline from peak | -92.84% | -1.12% | -91.72% |
Average DrawdownAverage peak-to-trough decline | -77.90% | -7.95% | -69.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.63% | 2.67% | +7.96% |
Volatility
UBR vs. AVUV - Volatility Comparison
ProShares Ultra MSCI Brazil (UBR) has a higher volatility of 15.51% compared to Avantis US Small Cap Value ETF (AVUV) at 4.08%. This indicates that UBR's price experiences larger fluctuations and is considered to be riskier than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBR | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.51% | 4.08% | +11.43% |
Volatility (6M)Calculated over the trailing 6-month period | 41.58% | 11.34% | +30.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.62% | 17.54% | +32.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.66% | 22.74% | +32.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.68% | 28.30% | +38.38% |
UBR vs. AVUV - Expense Ratio Comparison
UBR has a 0.95% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Dividends
UBR vs. AVUV - Dividend Comparison
UBR's dividend yield for the trailing twelve months is around 1.85%, more than AVUV's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.29% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% | 0.00% |
UBR ProShares Ultra MSCI Brazil | 1.85% | 2.05% | 8.09% | 1.15% | 0.00% | 0.00% | 0.00% | 0.53% | 0.13% |
Frequently Asked Questions
UBR and AVUV have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UBR has higher volatility (15.51%) compared to AVUV (4.08%). In terms of maximum drawdown, UBR dropped -97.15% vs AVUV's -49.42%.
On 5-year performance, AVUV leads with 10.71% vs -5.17% for UBR. On fees, AVUV is cheaper at 0.25% per year. On volatility, AVUV has been the lower-risk option at 4.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, AVUV has performed better with a 10.71% return vs -5.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AVUV is cheaper with a 0.25% expense ratio, compared with 0.95% for UBR.
UBR has the higher dividend yield at 1.85%, compared with 1.29% for AVUV.
UBR is categorized as Leveraged Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: ProShares and Avantis. Their fees differ too: 0.95% for UBR and 0.25% for AVUV.
AVUV currently has the higher Sharpe Ratio (2.10 vs 1.15), 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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