UCYB vs. ^GSPC
UCYB (ProShares Ultra Nasdaq Cybersecurity) is Leveraged Equities fund tracking the Nasdaq CTA Cybersecurity Index (200%), while ^GSPC (S&P 500 Index) is an index. Over the past 5 years, UCYB returned 18.13%/yr vs 12.39%/yr for ^GSPC. A 0.70 correlation means they provide meaningful diversification when combined.
Performance
UCYB vs. ^GSPC - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UCYB achieves a 51.10% return, which is significantly higher than ^GSPC's 10.79% return.
UCYB
- 1D
- -1.99%
- 1M
- 61.03%
- YTD
- 51.10%
- 6M
- 38.20%
- 1Y
- 37.94%
- 3Y*
- 43.47%
- 5Y*
- 18.13%
- 10Y*
- —
^GSPC
- 1D
- 0.41%
- 1M
- 4.48%
- YTD
- 10.79%
- 6M
- 10.60%
- 1Y
- 27.02%
- 3Y*
- 21.07%
- 5Y*
- 12.39%
- 10Y*
- 13.65%
UCYB vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UCYB ProShares Ultra Nasdaq Cybersecurity | 51.10% | 9.41% | 28.84% | 68.85% | -55.15% | 29.50% |
^GSPC S&P 500 Index | 10.79% | 16.39% | 23.31% | 24.23% | -19.44% | 23.70% |
Correlation
The correlation between UCYB and ^GSPC is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 2021 | 0.70 |
The correlation between UCYB and ^GSPC shifts across timeframes, from 0.53 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UCYB vs. ^GSPC — Risk / Return Rank
UCYB
^GSPC
UCYB vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cybersecurity (UCYB) and S&P 500 Index (^GSPC). 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.
| UCYB | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.89 | 2.98 | -2.10 |
| Martin ratioReturn relative to average drawdown | 1.97 | 13.78 | -11.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UCYB | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.77 | 2.28 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.74 | -0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.47 | -0.18 |
Drawdowns
UCYB vs. ^GSPC - Drawdown Comparison
The maximum UCYB drawdown since its inception was -62.69%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for UCYB and ^GSPC.
Loading charts...
Drawdown Indicators
| UCYB | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.69% | -56.78% | -5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -43.04% | -9.10% | -33.94% |
Max Drawdown (3Y)Largest decline over 3 years | -43.04% | -18.90% | -24.14% |
Max Drawdown (5Y)Largest decline over 5 years | -62.69% | -25.43% | -37.26% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -8.02% | -0.33% | -7.69% |
Average DrawdownAverage peak-to-trough decline | -27.47% | -10.72% | -16.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.33% | 1.97% | +17.36% |
Volatility
UCYB vs. ^GSPC - Volatility Comparison
ProShares Ultra Nasdaq Cybersecurity (UCYB) has a higher volatility of 22.45% compared to S&P 500 Index (^GSPC) at 2.88%. This indicates that UCYB's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UCYB | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.45% | 2.88% | +19.57% |
Volatility (6M)Calculated over the trailing 6-month period | 42.18% | 9.00% | +33.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.53% | 11.89% | +37.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.95% | 16.90% | +33.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.63% | 18.06% | +31.57% |
Frequently Asked Questions
UCYB and ^GSPC have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCYB has higher volatility (22.45%) compared to ^GSPC (2.88%). In terms of maximum drawdown, UCYB dropped -62.69% vs ^GSPC's -56.78%.
^GSPC currently has the higher Sharpe Ratio (2.28 vs 0.77), 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.
Find the right allocation for UCYB and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer