UBT vs. KMLM
Compare and contrast key facts about ProShares Ultra 20+ Year Treasury (UBT) and KFA Mount Lucas Index Strategy ETF (KMLM).
UBT and KMLM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UBT is a passively managed fund by ProShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Index (200%). It was launched on Jan 19, 2010. KMLM is an actively managed fund by CICC. It was launched on Dec 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UBT or KMLM.
Key characteristics
| UBT | KMLM | |
|---|---|---|
| YTD Return | -20.89% | 7.95% |
| 1Y Return | -30.45% | 0.52% |
| 3Y Return (Ann) | -27.25% | 8.03% |
| Sharpe Ratio | -0.95 | 0.09 |
| Daily Std Dev | 33.46% | 11.41% |
| Max Drawdown | -78.90% | -24.15% |
| Current Drawdown | -76.21% | -16.05% |
Correlation
The correlation between UBT and KMLM is -0.38. 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.
Performance
UBT vs. KMLM - Performance Comparison
In the year-to-date period, UBT achieves a -20.89% return, which is significantly lower than KMLM's 7.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UBT vs. KMLM - Expense Ratio Comparison
UBT has a 0.95% expense ratio, which is higher than KMLM's 0.90% expense ratio.
Risk-Adjusted Performance
UBT vs. KMLM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) and KFA Mount Lucas Index Strategy ETF (KMLM). 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.
Dividends
UBT vs. KMLM - Dividend Comparison
UBT's dividend yield for the trailing twelve months is around 4.58%, while KMLM has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBT ProShares Ultra 20+ Year Treasury | 4.58% | 3.54% | 0.30% | 0.00% | 0.26% | 1.50% | 1.55% | 1.37% | 0.75% | 1.56% | 0.79% | 0.17% |
KMLM KFA Mount Lucas Index Strategy ETF | 0.00% | 0.00% | 8.12% | 6.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
UBT vs. KMLM - Drawdown Comparison
The maximum UBT drawdown since its inception was -78.90%, which is greater than KMLM's maximum drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for UBT and KMLM. For additional features, visit the drawdowns tool.
Volatility
UBT vs. KMLM - Volatility Comparison
ProShares Ultra 20+ Year Treasury (UBT) has a higher volatility of 8.35% compared to KFA Mount Lucas Index Strategy ETF (KMLM) at 2.59%. This indicates that UBT's price experiences larger fluctuations and is considered to be riskier than KMLM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.