UPRO vs. BRKL

Last updated Aug 4, 2026

UPRO (ProShares UltraPro S&P 500) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. UPRO is passively managed, while BRKL is actively managed. Their -0.07 correlation means they have often moved in opposite directions in the past. UPRO charges 0.89%/yr vs 0.45%/yr for BRKL.

Performance

UPRO vs. BRKL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro S&P 500 (UPRO) and Corgi BRKB 2x Daily ETF (BRKL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

UPRO

• 1D: 4.31%
• 1M: 3.94%
• 6M: 21.04%
• YTD: 26.96%
• 1Y: 60.49%
• 3Y*: 46.49%
• 5Y*: 20.10%
• 10Y*: 28.55%
• ALL TIME*: 33.42%

BRKL

• 1D: 0.36%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BRKL Corgi BRKB 2x Daily ETF	$2.37K	$14.77K	$14.77K
UPRO ProShares UltraPro S&P 500	$303.16M	$293.07M	$361.38M

UPRO vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
UPRO ProShares UltraPro S&P 500	1.32%
BRKL Corgi BRKB 2x Daily ETF	1.84%

Correlation

The correlation between UPRO and BRKL is -0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	-0.07

Return for Risk

UPRO vs. BRKL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

UPRO

UPRO Risk / Return Rank: 65
UPRO Sharpe Ratio Rank: 68
UPRO Sortino Ratio Rank: 61
UPRO Omega Ratio Rank: 62
UPRO Calmar Ratio Rank: 63
UPRO Martin Ratio Rank: 70

BRKL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

UPRO vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro S&P 500 (UPRO) and Corgi BRKB 2x Daily ETF (BRKL). 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.

	UPRO	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.09	—	—
Omega ratio: Gain probability vs. loss probability	1.27	—	—
Calmar ratio: Return relative to maximum drawdown	2.27	—	—
Martin ratio: Return relative to average drawdown	8.68	—	—

Drawdowns

UPRO vs. BRKL - Drawdown Comparison

The maximum UPRO drawdown since its inception was -76.82%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for UPRO and BRKL.

Drawdown Indicators

	UPRO	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-76.82%	-7.03%	-69.79%
Max Drawdown (1Y) Largest decline over 1 year	-26.78%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-48.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-63.94%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-76.82%	—	—
Current Drawdown Current decline from peak	-2.80%	0.00%	-2.80%
Average Drawdown Average peak-to-trough decline	-14.34%	-3.93%	-10.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.99%	—	—

Volatility

Volatility by Period

	UPRO	BRKL	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	30.61%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.43%	30.17%	+8.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.74%	30.17%	+20.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.81%	30.17%	+23.64%

UPRO vs. BRKL - Expense Ratio Comparison

UPRO has a 0.89% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

UPRO vs. BRKL - Dividend Comparison

UPRO's dividend yield for the trailing twelve months is around 0.74%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRKL Corgi BRKB 2x Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UPRO ProShares UltraPro S&P 500	0.74%	0.84%	0.93%	0.74%	0.52%	0.06%	0.11%	0.41%	0.63%	0.00%	0.12%	0.34%

Frequently Asked Questions

Can I hold both UPRO and BRKL in my portfolio?

UPRO and BRKL have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UPRO or BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UPRO or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 0.89% for UPRO.

Which ETF pays a higher dividend yield, UPRO or BRKL?

UPRO has the higher dividend yield at 0.74%, compared with 0.00% for BRKL.

What is the main difference between UPRO and BRKL?

They also come from different issuers: ProShares and Corgi. Their fees differ too: 0.89% for UPRO and 0.45% for BRKL.