UBR vs. UVXY
Compare and contrast key facts about ProShares Ultra MSCI Brazil (UBR) and ProShares Ultra VIX Short-Term Futures ETF (UVXY).
UBR and UVXY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBR is a passively managed fund by ProShares that tracks the performance of the MSCI Brazil Index (200%). It was launched on Apr 27, 2010. UVXY is a passively managed fund by ProShares that tracks the performance of the S&P 500 VIX SHORT-TERM FUTURES TR (150%). It was launched on Oct 3, 2011. Both UBR and UVXY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UBR vs. UVXY - Performance Comparison
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UBR vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBR ProShares Ultra MSCI Brazil | 40.22% | 96.11% | -57.05% | 49.98% | 5.60% | -39.03% | -60.67% | 44.19% | -19.11% | 35.36% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 40.61% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Returns By Period
The year-to-date returns for both investments are quite close, with UBR having a 40.22% return and UVXY slightly higher at 40.61%. Over the past 10 years, UBR has outperformed UVXY with an annualized return of 0.18%, while UVXY has yielded a comparatively lower -72.80% annualized return.
UBR
- 1D
- 0.08%
- 1M
- -3.22%
- YTD
- 40.22%
- 6M
- 57.65%
- 1Y
- 110.10%
- 3Y*
- 24.85%
- 5Y*
- 8.88%
- 10Y*
- 0.18%
UVXY
- 1D
- -3.40%
- 1M
- 25.05%
- YTD
- 40.61%
- 6M
- -2.75%
- 1Y
- -57.00%
- 3Y*
- -64.84%
- 5Y*
- -67.28%
- 10Y*
- -72.80%
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UBR vs. UVXY - Expense Ratio Comparison
Both UBR and UVXY have an expense ratio of 0.95%.
Return for Risk
UBR vs. UVXY — Risk / Return Rank
UBR
UVXY
UBR vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Brazil (UBR) 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.
| UBR | UVXY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.14 | -0.51 | +2.65 |
Sortino ratioReturn per unit of downside risk | 2.51 | -0.30 | +2.81 |
Omega ratioGain probability vs. loss probability | 1.34 | 0.96 | +0.38 |
Calmar ratioReturn relative to maximum drawdown | 5.04 | -0.66 | +5.70 |
Martin ratioReturn relative to average drawdown | 13.09 | -0.80 | +13.89 |
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 | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.14 | -0.51 | +2.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.16 | -0.64 | +0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.00 | -0.64 | +0.64 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.18 | -0.67 | +0.49 |
Correlation
The correlation between UBR and UVXY is -0.43. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
UBR vs. UVXY - Dividend Comparison
UBR's dividend yield for the trailing twelve months is around 1.49%, while UVXY has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
UBR ProShares Ultra MSCI Brazil | 1.49% | 2.05% | 8.09% | 1.15% | 0.00% | 0.00% | 0.00% | 0.53% | 0.13% |
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% |
Drawdowns
UBR vs. UVXY - Drawdown Comparison
The maximum UBR drawdown since its inception was -97.15%, roughly equal to the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UBR and UVXY.
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Drawdown Indicators
| UBR | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.15% | -100.00% | +2.85% |
Max Drawdown (1Y)Largest decline over 1 year | -22.68% | -85.64% | +62.96% |
Max Drawdown (5Y)Largest decline over 5 years | -67.07% | -99.77% | +32.70% |
Max Drawdown (10Y)Largest decline over 10 years | -87.57% | -100.00% | +12.43% |
Current DrawdownCurrent decline from peak | -91.12% | -100.00% | +8.88% |
Average DrawdownAverage peak-to-trough decline | -77.76% | -98.53% | +20.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.73% | 71.09% | -62.36% |
Volatility
UBR vs. UVXY - Volatility Comparison
The current volatility for ProShares Ultra MSCI Brazil (UBR) is 22.23%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 45.03%. This indicates that UBR 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
| UBR | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.23% | 45.03% | -22.80% |
Volatility (6M)Calculated over the trailing 6-month period | 39.53% | 71.80% | -32.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 51.71% | 113.07% | -61.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.84% | 105.47% | -49.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.14% | 114.51% | -47.37% |