UBT vs. AAPL
UBT (ProShares Ultra 20+ Year Treasury) is Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (200% Daily), while AAPL (Apple Inc) is a stock. Over the past 10 years, UBT returned -9.58%/yr vs 28.56%/yr for AAPL. Their -0.13 correlation means they have often moved in opposite directions in the past.
Performance
UBT vs. AAPL - Performance Comparison
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Returns By Period
In the year-to-date period, UBT achieves a -9.14% return, which is significantly lower than AAPL's 11.82% return. Over the past 10 years, UBT has underperformed AAPL with an annualized return of -9.58%, while AAPL has yielded a comparatively higher 28.56% annualized return.
UBT
- 1D
- 0.81%
- 1M
- -7.64%
- 6M
- -8.31%
- YTD
- -9.14%
- 1Y
- -9.25%
- 3Y*
- -9.00%
- 5Y*
- -21.58%
- 10Y*
- -9.58%
- ALL TIME*
- 0.30%
AAPL
- 1D
- -1.78%
- 1M
- -1.69%
- 6M
- 12.58%
- YTD
- 11.82%
- 1Y
- 50.52%
- 3Y*
- 19.13%
- 5Y*
- 16.20%
- 10Y*
- 28.56%
- ALL TIME*
- 19.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AAPL Apple Inc | $19.67B | $17.63B | $17.40B |
| $607.37K | $624.24K | $851.60K |
UBT vs. AAPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UBT ProShares Ultra 20+ Year Treasury | -9.14% | 2.03% | -21.81% | -3.68% | -55.54% | -12.14% | 31.87% | 24.46% | -6.54% | 16.12% |
AAPL Apple Inc | 11.82% | 9.05% | 30.71% | 49.01% | -26.40% | 34.65% | 82.31% | 88.96% | -5.39% | 48.46% |
Correlation
The correlation between UBT and AAPL is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.16 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.07 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.03 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2010 | -0.13 |
The correlation between UBT and AAPL shifts across timeframes, from -0.13 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
UBT vs. AAPL — Risk / Return Rank
UBT
AAPL
UBT vs. AAPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) and Apple Inc (AAPL). 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.
| UBT | AAPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.24 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.36 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | 3.68 | -4.19 |
| Martin ratioReturn relative to average drawdown | -1.08 | 8.70 | -9.78 |
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Drawdowns
UBT vs. AAPL - Drawdown Comparison
The maximum UBT drawdown since its inception was -78.90%, roughly equal to the maximum AAPL drawdown of -81.80%. Use the drawdown chart below to compare losses from any high point for UBT and AAPL.
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Drawdown Indicators
| UBT | AAPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.90% | -81.80% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -18.25% | -13.80% | -4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -31.18% | -33.36% | +2.18% |
Max Drawdown (5Y)Largest decline over 5 years | -72.49% | -33.36% | -39.13% |
Max Drawdown (10Y)Largest decline over 10 years | -78.90% | -38.52% | -40.38% |
Current DrawdownCurrent decline from peak | -78.21% | -10.78% | -67.43% |
Average DrawdownAverage peak-to-trough decline | -32.73% | -29.52% | -3.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.58% | 5.83% | +2.75% |
Volatility
UBT vs. AAPL - Volatility Comparison
The current volatility for ProShares Ultra 20+ Year Treasury (UBT) is 5.23%, while Apple Inc (AAPL) has a volatility of 10.66%. This indicates that UBT experiences smaller price fluctuations and is considered to be less risky than AAPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UBT | AAPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.23% | 10.66% | -5.43% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 20.80% | -7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.34% | 25.88% | -7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.09% | 28.04% | +3.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.18% | 29.13% | +0.05% |
Dividends
UBT vs. AAPL - Dividend Comparison
UBT's dividend yield for the trailing twelve months is around 3.77%, more than AAPL's 0.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAPL Apple Inc | 0.35% | 0.38% | 0.40% | 0.49% | 0.70% | 0.49% | 0.61% | 1.04% | 1.79% | 1.45% | 1.93% | 1.93% |
UBT ProShares Ultra 20+ Year Treasury | 3.77% | 4.26% | 4.50% | 3.54% | 0.30% | 0.00% | 0.26% | 1.50% | 1.55% | 1.37% | 0.75% | 1.56% |
Frequently Asked Questions
UBT and AAPL have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AAPL has higher volatility (10.66%) compared to UBT (5.23%). In terms of maximum drawdown, UBT dropped -78.90% vs AAPL's -81.80%.
AAPL currently has the higher Sharpe Ratio (1.97 vs -0.51), 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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