UCYB vs. UPRO
Compare and contrast key facts about ProShares Ultra Nasdaq Cybersecurity (UCYB) and ProShares UltraPro S&P 500 (UPRO).
UCYB and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UCYB is a passively managed fund by ProShares that tracks the performance of the Nasdaq CTA Cybersecurity Index (200%). It was launched on Jan 19, 2021. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both UCYB and UPRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UCYB vs. UPRO - Performance Comparison
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UCYB vs. UPRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
UCYB ProShares Ultra Nasdaq Cybersecurity | -24.17% | 9.41% | 28.84% | 68.85% | -55.15% | 29.50% |
UPRO ProShares UltraPro S&P 500 | -14.14% | 31.88% | 63.57% | 68.53% | -56.84% | 83.83% |
Returns By Period
In the year-to-date period, UCYB achieves a -24.17% return, which is significantly lower than UPRO's -14.14% return.
UCYB
- 1D
- 1.61%
- 1M
- -1.50%
- YTD
- -24.17%
- 6M
- -35.38%
- 1Y
- -12.71%
- 3Y*
- 15.46%
- 5Y*
- 4.39%
- 10Y*
- —
UPRO
- 1D
- 2.26%
- 1M
- -13.81%
- YTD
- -14.14%
- 6M
- -11.56%
- 1Y
- 34.19%
- 3Y*
- 38.31%
- 5Y*
- 17.16%
- 10Y*
- 25.53%
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UCYB vs. UPRO - Expense Ratio Comparison
UCYB has a 0.97% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Return for Risk
UCYB vs. UPRO — Risk / Return Rank
UCYB
UPRO
UCYB vs. UPRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cybersecurity (UCYB) and ProShares UltraPro S&P 500 (UPRO). 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 | UPRO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.26 | 0.63 | -0.89 |
Sortino ratioReturn per unit of downside risk | -0.05 | 1.21 | -1.26 |
Omega ratioGain probability vs. loss probability | 0.99 | 1.18 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | -0.26 | 1.06 | -1.33 |
Martin ratioReturn relative to average drawdown | -0.67 | 4.22 | -4.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UCYB | UPRO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 0.63 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.34 | -0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.60 | -0.58 |
Correlation
The correlation between UCYB and UPRO is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
UCYB vs. UPRO - Dividend Comparison
UCYB's dividend yield for the trailing twelve months is around 2.86%, more than UPRO's 1.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UCYB ProShares Ultra Nasdaq Cybersecurity | 2.86% | 1.90% | 2.16% | 0.56% | 0.00% | 0.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 1.02% | 0.84% | 0.93% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% |
Drawdowns
UCYB vs. UPRO - Drawdown Comparison
The maximum UCYB drawdown since its inception was -62.69%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for UCYB and UPRO.
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Drawdown Indicators
| UCYB | UPRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.69% | -76.82% | +14.13% |
Max Drawdown (1Y)Largest decline over 1 year | -42.54% | -33.38% | -9.16% |
Max Drawdown (5Y)Largest decline over 5 years | -62.69% | -63.94% | +1.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.82% | — |
Current DrawdownCurrent decline from peak | -37.91% | -18.68% | -19.23% |
Average DrawdownAverage peak-to-trough decline | -27.72% | -14.53% | -13.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.66% | 8.41% | +8.25% |
Volatility
UCYB vs. UPRO - Volatility Comparison
The current volatility for ProShares Ultra Nasdaq Cybersecurity (UCYB) is 14.49%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 16.04%. This indicates that UCYB experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UCYB | UPRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.49% | 16.04% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 33.19% | 28.48% | +4.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.93% | 54.36% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.30% | 50.34% | -2.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.51% | 53.69% | -5.18% |