ULE vs. ASTX
ULE (ProShares Ultra Euro) and ASTX (Tradr 2X Long ASTS Daily ETF) are both exchange-traded funds - ULE is a Leveraged Currency fund tracking the USD/EUR Exchange Rate (-200%), while ASTX is a Leveraged Equities fund actively managed by Tradr. ULE is passively managed, while ASTX is actively managed. Over the past year, ULE returned -2.43% vs -68.42% for ASTX. Their 0.13 correlation means their historical movements had little consistent relationship. ULE charges 0.95%/yr vs 1.30%/yr for ASTX.
Performance
ULE vs. ASTX - Performance Comparison
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Returns By Period
In the year-to-date period, ULE achieves a -4.48% return, which is significantly higher than ASTX's -73.48% return.
ULE
- 1D
- -0.06%
- 1M
- 1.58%
- 6M
- -5.98%
- YTD
- -4.48%
- 1Y
- -2.43%
- 3Y*
- 2.30%
- 5Y*
- -3.01%
- 10Y*
- -2.49%
- ALL TIME*
- -3.95%
ASTX
- 1D
- 1.69%
- 1M
- -57.22%
- 6M
- -87.02%
- YTD
- -73.48%
- 1Y
- -68.42%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -54.70%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $48.95M | $70.14M | $195.58M | |
| $30.31K | $35.90K | $64.55K |
ULE vs. ASTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ULE ProShares Ultra Euro | -4.48% | -0.08% |
ASTX Tradr 2X Long ASTS Daily ETF | -73.48% | 63.68% |
Correlation
The correlation between ULE and ASTX is 0.14, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025 | 0.13 |
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Return for Risk
ULE vs. ASTX — Risk / Return Rank
ULE
ASTX
ULE vs. ASTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Euro (ULE) and Tradr 2X Long ASTS Daily ETF (ASTX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ULE | ASTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.09 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.76 | +0.81 |
| Martin ratioReturn relative to average drawdown | 0.09 | -1.27 | +1.36 |
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Drawdowns
ULE vs. ASTX - Drawdown Comparison
The maximum ULE drawdown since its inception was -72.74%, smaller than the maximum ASTX drawdown of -91.24%. Use the drawdown chart below to compare losses from any high point for ULE and ASTX.
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Drawdown Indicators
| ULE | ASTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.74% | -91.24% | +18.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -91.24% | +79.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -37.36% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -51.30% | — | — |
Current DrawdownCurrent decline from peak | -62.71% | -89.27% | +26.56% |
Average DrawdownAverage peak-to-trough decline | -46.20% | -49.51% | +3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 54.73% | -48.58% |
Volatility
ULE vs. ASTX - Volatility Comparison
The current volatility for ProShares Ultra Euro (ULE) is 2.55%, while Tradr 2X Long ASTS Daily ETF (ASTX) has a volatility of 60.16%. This indicates that ULE experiences smaller price fluctuations and is considered to be less risky than ASTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ULE | ASTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.55% | 60.16% | -57.61% |
Volatility (6M)Calculated over the trailing 6-month period | 8.19% | 163.48% | -155.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.54% | 218.96% | -206.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.07% | 215.72% | -199.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 215.72% | -200.65% |
ULE vs. ASTX - Expense Ratio Comparison
ULE has a 0.95% expense ratio, which is lower than ASTX's 1.30% expense ratio.
Dividends
ULE vs. ASTX - Dividend Comparison
Neither ULE nor ASTX has paid dividends to shareholders.
Frequently Asked Questions
ULE and ASTX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASTX has higher volatility (60.16%) compared to ULE (2.55%). In terms of maximum drawdown, ULE dropped -72.74% vs ASTX's -91.24%.
On 1-year performance, ULE leads with -2.43% vs -68.42% for ASTX. On fees, ULE is cheaper at 0.95% per year. On volatility, ULE has been the lower-risk option at 2.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ULE has performed better with a -2.43% return vs -68.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ULE is cheaper with a 0.95% expense ratio, compared with 1.30% for ASTX.
ULE and ASTX have nearly identical dividend yields, around 0.00%.
ULE is categorized as Leveraged Currency, while ASTX is Leveraged Equities. They also come from different issuers: ProShares and Tradr. Their fees differ too: 0.95% for ULE and 1.30% for ASTX.
ULE currently has the higher Sharpe Ratio (0.04 vs -0.32), 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.
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