UPRO vs. BSV
Compare and contrast key facts about ProShares UltraPro S&P 500 (UPRO) and Vanguard Short-Term Bond ETF (BSV).
UPRO and BSV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. BSV is a passively managed fund by Vanguard that tracks the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. It was launched on Apr 3, 2007. Both UPRO and BSV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UPRO or BSV.
Key characteristics
| UPRO | BSV | |
|---|---|---|
| YTD Return | 71.69% | 3.07% |
| 1Y Return | 101.47% | 5.63% |
| 3Y Return (Ann) | 9.33% | 0.70% |
| 5Y Return (Ann) | 24.84% | 1.21% |
| 10Y Return (Ann) | 24.66% | 1.56% |
| Sharpe Ratio | 2.84 | 2.10 |
| Sortino Ratio | 3.19 | 3.22 |
| Omega Ratio | 1.44 | 1.40 |
| Calmar Ratio | 2.63 | 1.22 |
| Martin Ratio | 17.02 | 9.08 |
| Ulcer Index | 6.04% | 0.59% |
| Daily Std Dev | 36.17% | 2.56% |
| Max Drawdown | -76.82% | -8.54% |
| Current Drawdown | -2.79% | -1.53% |
Correlation
The correlation between UPRO and BSV is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
UPRO vs. BSV - Performance Comparison
In the year-to-date period, UPRO achieves a 71.69% return, which is significantly higher than BSV's 3.07% return. Over the past 10 years, UPRO has outperformed BSV with an annualized return of 24.66%, while BSV has yielded a comparatively lower 1.56% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UPRO vs. BSV - Expense Ratio Comparison
UPRO has a 0.92% expense ratio, which is higher than BSV's 0.04% expense ratio.
Risk-Adjusted Performance
UPRO vs. BSV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro S&P 500 (UPRO) and Vanguard Short-Term Bond ETF (BSV). 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.
Dividends
UPRO vs. BSV - Dividend Comparison
UPRO's dividend yield for the trailing twelve months is around 0.73%, less than BSV's 3.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPRO ProShares UltraPro S&P 500 | 0.73% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
BSV Vanguard Short-Term Bond ETF | 3.27% | 2.46% | 1.50% | 1.45% | 1.79% | 2.29% | 1.99% | 1.65% | 1.49% | 1.40% | 1.45% | 1.48% |
Drawdowns
UPRO vs. BSV - Drawdown Comparison
The maximum UPRO drawdown since its inception was -76.82%, which is greater than BSV's maximum drawdown of -8.54%. Use the drawdown chart below to compare losses from any high point for UPRO and BSV. For additional features, visit the drawdowns tool.
Volatility
UPRO vs. BSV - Volatility Comparison
ProShares UltraPro S&P 500 (UPRO) has a higher volatility of 11.51% compared to Vanguard Short-Term Bond ETF (BSV) at 0.57%. This indicates that UPRO's price experiences larger fluctuations and is considered to be riskier than BSV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.