UBT vs. SPY
Compare and contrast key facts about ProShares Ultra 20+ Year Treasury (UBT) and SPDR S&P 500 ETF (SPY).
UBT and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UBT and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UBT or SPY.
Performance
UBT vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, UBT achieves a -16.40% return, which is significantly lower than SPY's 25.36% return. Over the past 10 years, UBT has underperformed SPY with an annualized return of -5.37%, while SPY has yielded a comparatively higher 13.07% annualized return.
UBT
-16.40%
-7.06%
-1.83%
-0.05%
-17.21%
-5.37%
SPY
25.36%
0.98%
11.79%
31.70%
15.55%
13.07%
Key characteristics
| UBT | SPY | |
|---|---|---|
| Sharpe Ratio | 0.04 | 2.69 |
| Sortino Ratio | 0.26 | 3.59 |
| Omega Ratio | 1.03 | 1.50 |
| Calmar Ratio | 0.02 | 3.89 |
| Martin Ratio | 0.09 | 17.53 |
| Ulcer Index | 13.59% | 1.87% |
| Daily Std Dev | 29.04% | 12.15% |
| Max Drawdown | -78.90% | -55.19% |
| Current Drawdown | -74.86% | -1.41% |
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UBT vs. SPY - Expense Ratio Comparison
UBT has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between UBT and SPY is -0.29. 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.
Risk-Adjusted Performance
UBT vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 20+ Year Treasury (UBT) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
UBT's dividend yield for the trailing twelve months is around 4.20%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UBT ProShares Ultra 20+ Year Treasury | 4.20% | 3.53% | 0.30% | 0.00% | 0.26% | 1.50% | 1.55% | 1.37% | 1.04% | 1.56% | 0.79% | 0.18% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
UBT vs. SPY - Drawdown Comparison
The maximum UBT drawdown since its inception was -78.90%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UBT and SPY. For additional features, visit the drawdowns tool.
Volatility
UBT vs. SPY - Volatility Comparison
ProShares Ultra 20+ Year Treasury (UBT) has a higher volatility of 8.78% compared to SPDR S&P 500 ETF (SPY) at 4.09%. This indicates that UBT's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.