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UBT vs. SPLG
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UBT and SPLG is -0.26. 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.


-0.50.00.51.0-0.3

Performance

UBT vs. SPLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra 20+ Year Treasury (UBT) and SPDR Portfolio S&P 500 ETF (SPLG). The values are adjusted to include any dividend payments, if applicable.

-10.00%-5.00%0.00%5.00%10.00%15.00%JulyAugustSeptemberOctoberNovemberDecember
-13.60%
9.90%
UBT
SPLG

Key characteristics

Sharpe Ratio

UBT:

-0.77

SPLG:

2.22

Sortino Ratio

UBT:

-0.97

SPLG:

2.95

Omega Ratio

UBT:

0.89

SPLG:

1.42

Calmar Ratio

UBT:

-0.28

SPLG:

3.26

Martin Ratio

UBT:

-1.47

SPLG:

14.44

Ulcer Index

UBT:

14.67%

SPLG:

1.91%

Daily Std Dev

UBT:

27.96%

SPLG:

12.40%

Max Drawdown

UBT:

-78.90%

SPLG:

-54.50%

Current Drawdown

UBT:

-76.41%

SPLG:

-1.85%

Returns By Period

In the year-to-date period, UBT achieves a -21.53% return, which is significantly lower than SPLG's 26.85% return. Over the past 10 years, UBT has underperformed SPLG with an annualized return of -6.70%, while SPLG has yielded a comparatively higher 13.18% annualized return.


UBT

YTD

-21.53%

1M

-5.78%

6M

-13.09%

1Y

-21.04%

5Y*

-17.57%

10Y*

-6.70%

SPLG

YTD

26.85%

1M

0.21%

6M

10.33%

1Y

27.33%

5Y*

14.99%

10Y*

13.18%

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UBT vs. SPLG - Expense Ratio Comparison

UBT has a 0.95% expense ratio, which is higher than SPLG's 0.03% expense ratio.


UBT
ProShares Ultra 20+ Year Treasury
Expense ratio chart for UBT: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%
Expense ratio chart for SPLG: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Risk-Adjusted Performance

UBT vs. SPLG - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) and SPDR Portfolio S&P 500 ETF (SPLG). 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.


Sharpe ratio
The chart of Sharpe ratio for UBT, currently valued at -0.77, compared to the broader market0.002.004.00-0.772.22
The chart of Sortino ratio for UBT, currently valued at -0.97, compared to the broader market-2.000.002.004.006.008.0010.00-0.972.95
The chart of Omega ratio for UBT, currently valued at 0.89, compared to the broader market0.501.001.502.002.503.000.891.42
The chart of Calmar ratio for UBT, currently valued at -0.28, compared to the broader market0.005.0010.0015.00-0.283.26
The chart of Martin ratio for UBT, currently valued at -1.47, compared to the broader market0.0020.0040.0060.0080.00100.00-1.4714.44
UBT
SPLG

The current UBT Sharpe Ratio is -0.77, which is lower than the SPLG Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of UBT and SPLG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
-0.77
2.22
UBT
SPLG

Dividends

UBT vs. SPLG - Dividend Comparison

UBT's dividend yield for the trailing twelve months is around 4.48%, more than SPLG's 0.91% yield.


TTM20232022202120202019201820172016201520142013
UBT
ProShares Ultra 20+ Year Treasury
4.48%3.53%0.30%0.00%0.26%1.50%1.55%1.37%1.04%1.56%0.79%0.18%
SPLG
SPDR Portfolio S&P 500 ETF
0.91%1.44%1.69%1.25%1.54%1.79%2.23%1.75%1.97%1.98%1.79%1.71%

Drawdowns

UBT vs. SPLG - Drawdown Comparison

The maximum UBT drawdown since its inception was -78.90%, which is greater than SPLG's maximum drawdown of -54.50%. Use the drawdown chart below to compare losses from any high point for UBT and SPLG. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-76.41%
-1.85%
UBT
SPLG

Volatility

UBT vs. SPLG - Volatility Comparison

ProShares Ultra 20+ Year Treasury (UBT) has a higher volatility of 8.84% compared to SPDR Portfolio S&P 500 ETF (SPLG) at 3.83%. This indicates that UBT's price experiences larger fluctuations and is considered to be riskier than SPLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
8.84%
3.83%
UBT
SPLG
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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