UBR vs. YSPY

Last updated Jun 4, 2026

UBR (ProShares Ultra MSCI Brazil) and YSPY (GraniteShares YieldBOOST SPY ETF) are both Leveraged Equities funds. UBR is passively managed, while YSPY is actively managed. Over the past year, UBR returned 56.81% vs 27.85% for YSPY. At a 0.47 correlation, their price movements are largely independent. UBR charges 0.95%/yr vs 1.07%/yr for YSPY.

Performance

UBR vs. YSPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra MSCI Brazil (UBR) and GraniteShares YieldBOOST SPY ETF (YSPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UBR achieves a 13.03% return, which is significantly higher than YSPY's 5.53% 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%

YSPY

• 1D: 0.10%
• 1M: 4.66%
• YTD: 5.53%
• 6M: 7.18%
• 1Y: 27.85%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

UBR vs. YSPY - Yearly Performance Comparison

	2026 (YTD)	2025
UBR ProShares Ultra MSCI Brazil	13.03%	63.33%
YSPY GraniteShares YieldBOOST SPY ETF	5.53%	9.17%

Correlation

The correlation between UBR and YSPY is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Feb 27, 2025	0.47

Return for Risk

UBR vs. YSPY — Risk / Return Rank

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

UBR

UBR Risk / Return Rank: 33
UBR Sharpe Ratio Rank: 32
UBR Sortino Ratio Rank: 31
UBR Omega Ratio Rank: 32
UBR Calmar Ratio Rank: 37
UBR Martin Ratio Rank: 35

YSPY

YSPY Risk / Return Rank: 41
YSPY Sharpe Ratio Rank: 41
YSPY Sortino Ratio Rank: 34
YSPY Omega Ratio Rank: 50
YSPY Calmar Ratio Rank: 39
YSPY Martin Ratio Rank: 43

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. YSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra MSCI Brazil (UBR) and GraniteShares YieldBOOST SPY ETF (YSPY). 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	YSPY	Difference
Sharpe ratio: Return per unit of total volatility	1.15	1.47	-0.31
Sortino ratio: Return per unit of downside risk	1.67	1.81	-0.14
Omega ratio: Gain probability vs. loss probability	1.21	1.32	-0.10
Calmar ratio: Return relative to maximum drawdown	1.81	1.92	-0.10
Martin ratio: Return relative to average drawdown	5.36	7.09	-1.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UBR vs. YSPY - Sharpe Ratio Comparison

The current UBR Sharpe Ratio is 1.15, which is comparable to the YSPY Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of UBR and YSPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UBR	YSPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.15	1.47	-0.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	—	—
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	-0.76

Drawdowns

UBR vs. YSPY - Drawdown Comparison

The maximum UBR drawdown since its inception was -97.15%, which is greater than YSPY's maximum drawdown of -18.74%. Use the drawdown chart below to compare losses from any high point for UBR and YSPY.

Drawdown Indicators

	UBR	YSPY	Difference
Max Drawdown Largest peak-to-trough decline	-97.15%	-18.74%	-78.41%
Max Drawdown (1Y) Largest decline over 1 year	-31.50%	-14.60%	-16.90%
Max Drawdown (3Y) Largest decline over 3 years	-58.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-67.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-87.57%	—	—
Current Drawdown Current decline from peak	-92.84%	-0.43%	-92.41%
Average Drawdown Average peak-to-trough decline	-77.90%	-5.00%	-72.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.63%	3.94%	+6.69%

Volatility

UBR vs. YSPY - Volatility Comparison

ProShares Ultra MSCI Brazil (UBR) has a higher volatility of 15.51% compared to GraniteShares YieldBOOST SPY ETF (YSPY) at 1.37%. This indicates that UBR's price experiences larger fluctuations and is considered to be riskier than YSPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UBR	YSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.51%	1.37%	+14.14%
Volatility (6M) Calculated over the trailing 6-month period	41.58%	14.18%	+27.40%
Volatility (1Y) Calculated over the trailing 1-year period	49.62%	19.10%	+30.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.66%	21.28%	+34.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	66.68%	21.28%	+45.40%

UBR vs. YSPY - Expense Ratio Comparison

UBR has a 0.95% expense ratio, which is lower than YSPY's 1.07% expense ratio.

Dividends

UBR vs. YSPY - Dividend Comparison

UBR's dividend yield for the trailing twelve months is around 1.85%, less than YSPY's 56.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
UBR ProShares Ultra MSCI Brazil	1.85%	2.05%	8.09%	1.15%	0.00%	0.00%	0.00%	0.53%	0.13%
YSPY GraniteShares YieldBOOST SPY ETF	56.98%	45.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both UBR and YSPY in my portfolio?

UBR and YSPY 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 is riskier, UBR or YSPY?

UBR has higher volatility (15.51%) compared to YSPY (1.37%). In terms of maximum drawdown, UBR dropped -97.15% vs YSPY's -18.74%.

Which ETF is better, UBR or YSPY?

On 1-year performance, UBR leads with 56.81% vs 27.85% for YSPY. On fees, UBR is cheaper at 0.95% per year. On volatility, YSPY has been the lower-risk option at 1.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UBR or YSPY?

Over the 1-year period, UBR has performed better with a 56.81% return vs 27.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UBR or YSPY?

UBR is cheaper with a 0.95% expense ratio, compared with 1.07% for YSPY.

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

YSPY has the higher dividend yield at 56.98%, compared with 1.85% for UBR.

What is the main difference between UBR and YSPY?

They also come from different issuers: ProShares and GraniteShares. Their fees differ too: 0.95% for UBR and 1.07% for YSPY.

Which has better risk-adjusted returns?

YSPY currently has the higher Sharpe Ratio (1.47 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.