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UCYB vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between UCYB and ^GSPC is 0.74, 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.

UCYB vs. ^GSPC

Last updated Jun 1, 2025

Compare and contrast key facts about ProShares Ultra Nasdaq Cybersecurity (UCYB) and S&P 500 (^GSPC).

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.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UCYB or ^GSPC.

Performance

UCYB vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Nasdaq Cybersecurity (UCYB) and S&P 500 (^GSPC). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

UCYB:

1.24

^GSPC:

0.66

Sortino Ratio

UCYB:

1.54

^GSPC:

0.94

Omega Ratio

UCYB:

1.21

^GSPC:

1.14

Calmar Ratio

UCYB:

1.25

^GSPC:

0.60

Martin Ratio

UCYB:

4.24

^GSPC:

2.28

Ulcer Index

UCYB:

11.89%

^GSPC:

5.01%

Daily Std Dev

UCYB:

49.23%

^GSPC:

19.77%

Max Drawdown

UCYB:

-62.87%

^GSPC:

-56.78%

Current Drawdown

UCYB:

-6.32%

^GSPC:

-3.78%

Returns By Period

In the year-to-date period, UCYB achieves a 16.83% return, which is significantly higher than ^GSPC's 0.51% return.

UCYB

YTD

16.83%

1M

15.71%

6M

18.56%

1Y

59.21%

3Y*

23.51%

5Y*

N/A

10Y*

N/A

^GSPC

YTD

0.51%

1M

5.49%

6M

-2.00%

1Y

12.02%

3Y*

12.68%

5Y*

14.19%

10Y*

10.85%

*Annualized

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ProShares Ultra Nasdaq Cybersecurity

S&P 500

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

UCYB vs. ^GSPC — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UCYB
The Risk-Adjusted Performance Rank of UCYB is 8181
Overall Rank
The Sharpe Ratio Rank of UCYB is 8484
Sharpe Ratio Rank
The Sortino Ratio Rank of UCYB is 8080
Sortino Ratio Rank
The Omega Ratio Rank of UCYB is 7979
Omega Ratio Rank
The Calmar Ratio Rank of UCYB is 8484
Calmar Ratio Rank
The Martin Ratio Rank of UCYB is 8080
Martin Ratio Rank
^GSPC
The Risk-Adjusted Performance Rank of ^GSPC is 6363
Overall Rank
The Sharpe Ratio Rank of ^GSPC is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of ^GSPC is 5959
Sortino Ratio Rank
The Omega Ratio Rank of ^GSPC is 6262
Omega Ratio Rank
The Calmar Ratio Rank of ^GSPC is 6363
Calmar Ratio Rank
The Martin Ratio Rank of ^GSPC is 6969
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

UCYB vs. ^GSPC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cybersecurity (UCYB) and S&P 500 (^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.

The current UCYB Sharpe Ratio is 1.24, which is higher than the ^GSPC Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of UCYB and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

UCYB vs. ^GSPC - Drawdown Comparison

The maximum UCYB drawdown since its inception was -62.87%, 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.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

UCYB vs. ^GSPC - Volatility Comparison

ProShares Ultra Nasdaq Cybersecurity (UCYB) has a higher volatility of 10.62% compared to S&P 500 (^GSPC) at 4.77%. 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.

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