UBR vs. XYZG

Last updated Jul 14, 2026

UBR (ProShares Ultra MSCI Brazil) and XYZG (Leverage Shares 2X Long XYZ Daily ETF) are both Leveraged Equities funds. UBR is passively managed, while XYZG is actively managed. Over the past year, UBR returned 59.40% vs 1.81% for XYZG. At a 0.27 correlation, their price movements are largely independent. UBR charges 0.95%/yr vs 0.75%/yr for XYZG.

Performance

UBR vs. XYZG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra MSCI Brazil (UBR) and Leverage Shares 2X Long XYZ Daily ETF (XYZG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with UBR having a 17.98% return and XYZG slightly higher at 18.38%.

UBR

• 1D: -3.34%
• 1M: 2.76%
• 6M: 10.19%
• YTD: 17.98%
• 1Y: 59.40%
• 3Y*: 5.42%
• 5Y*: -3.50%
• 10Y*: -4.55%

XYZG

• 1D: 3.70%
• 1M: 25.39%
• 6M: 2.50%
• YTD: 18.38%
• 1Y: 1.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UBR vs. XYZG - Yearly Performance Comparison

	2026 (YTD)	2025
UBR ProShares Ultra MSCI Brazil	17.98%	48.12%
XYZG Leverage Shares 2X Long XYZ Daily ETF	18.38%	21.76%

Correlation

The correlation between UBR and XYZG is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.21
Correlation (All Time) Calculated using the full available price history since Apr 4, 2025	0.27

Return for Risk

UBR vs. XYZG — Risk / Return Rank

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

UBR

UBR Risk / Return Rank: 40
UBR Sharpe Ratio Rank: 42
UBR Sortino Ratio Rank: 41
UBR Omega Ratio Rank: 42
UBR Calmar Ratio Rank: 41
UBR Martin Ratio Rank: 35

XYZG

XYZG Risk / Return Rank: 12
XYZG Sharpe Ratio Rank: 10
XYZG Sortino Ratio Rank: 16
XYZG Omega Ratio Rank: 16
XYZG Calmar Ratio Rank: 10
XYZG Martin Ratio Rank: 10

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.

UBR vs. XYZG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Brazil (UBR) and Leverage Shares 2X Long XYZ Daily ETF (XYZG). 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.

	UBR	XYZG	Difference
Sharpe ratio: Return per unit of total volatility	1.20	0.02	+1.18
Sortino ratio: Return per unit of downside risk	1.72	0.72	+1.01
Omega ratio: Gain probability vs. loss probability	1.22	1.09	+0.13
Calmar ratio: Return relative to maximum drawdown	1.67	0.03	+1.64
Martin ratio: Return relative to average drawdown	4.23	0.05	+4.18

UBR vs. XYZG - Sharpe Ratio Comparison

The current UBR Sharpe Ratio is 1.20, which is higher than the XYZG Sharpe Ratio of 0.02. The chart below compares the historical Sharpe Ratios of UBR and XYZG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UBR vs. XYZG - Drawdown Comparison

The maximum UBR drawdown since its inception was -97.15%, which is greater than XYZG's maximum drawdown of -69.40%. Use the drawdown chart below to compare losses from any high point for UBR and XYZG.

Drawdown Indicators

	UBR	XYZG	Difference
Max Drawdown Largest peak-to-trough decline	-97.15%	-69.40%	-27.75%
Max Drawdown (1Y) Largest decline over 1 year	-35.75%	-69.40%	+33.65%
Max Drawdown (3Y) Largest decline over 3 years	-58.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-65.23%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-87.57%	—	—
Current Drawdown Current decline from peak	-92.53%	-32.73%	-59.80%
Average Drawdown Average peak-to-trough decline	-77.98%	-29.82%	-48.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.10%	39.68%	-25.58%

Volatility

UBR vs. XYZG - Volatility Comparison

The current volatility for ProShares Ultra MSCI Brazil (UBR) is 12.46%, while Leverage Shares 2X Long XYZ Daily ETF (XYZG) has a volatility of 23.04%. This indicates that UBR experiences smaller price fluctuations and is considered to be less risky than XYZG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBR	XYZG	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.46%	23.04%	-10.58%
Volatility (6M) Calculated over the trailing 6-month period	39.68%	72.20%	-32.52%
Volatility (1Y) Calculated over the trailing 1-year period	49.92%	94.16%	-44.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.55%	101.99%	-46.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.29%	101.99%	-35.70%

UBR vs. XYZG - Expense Ratio Comparison

UBR has a 0.95% expense ratio, which is higher than XYZG's 0.75% expense ratio.

Dividends

UBR vs. XYZG - Dividend Comparison

UBR's dividend yield for the trailing twelve months is around 1.66%, less than XYZG's 5.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
UBR ProShares Ultra MSCI Brazil	1.66%	2.05%	8.09%	1.15%	0.00%	0.00%	0.00%	0.53%	0.13%
XYZG Leverage Shares 2X Long XYZ Daily ETF	5.66%	6.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UBR and XYZG in my portfolio?

UBR and XYZG have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UBR or XYZG?

XYZG has higher volatility (23.04%) compared to UBR (12.46%). In terms of maximum drawdown, UBR dropped -97.15% vs XYZG's -69.40%.

Which ETF is better, UBR or XYZG?

On 1-year performance, UBR leads with 59.40% vs 1.81% for XYZG. On fees, XYZG is cheaper at 0.75% per year. On volatility, UBR has been the lower-risk option at 12.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UBR or XYZG?

Over the 1-year period, UBR has performed better with a 59.40% return vs 1.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UBR or XYZG?

XYZG is cheaper with a 0.75% expense ratio, compared with 0.95% for UBR.

Which ETF pays a higher dividend yield, UBR or XYZG?

XYZG has the higher dividend yield at 5.66%, compared with 1.66% for UBR.

What is the main difference between UBR and XYZG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for UBR and 0.75% for XYZG.

Which has better risk-adjusted returns?

UBR currently has the higher Sharpe Ratio (1.20 vs 0.02), 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.