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UPRO vs. SPXL
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UPRO and SPXL is 0.73, 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.


-0.50.00.51.0
Correlation: 0.7

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Performance

UPRO vs. SPXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro S&P 500 (UPRO) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). The values are adjusted to include any dividend payments, if applicable.

-15.00%-10.00%-5.00%0.00%5.00%10.00%NovemberDecember2025FebruaryMarchApril
-14.15%
-12.66%
AEPGX
VIGAX

Key characteristics

Sharpe Ratio

UPRO:

-0.45

SPXL:

-0.46

Sortino Ratio

UPRO:

-0.32

SPXL:

-0.35

Omega Ratio

UPRO:

0.95

SPXL:

0.95

Calmar Ratio

UPRO:

-0.46

SPXL:

-0.47

Martin Ratio

UPRO:

-2.11

SPXL:

-2.17

Ulcer Index

UPRO:

10.03%

SPXL:

10.06%

Daily Std Dev

UPRO:

47.16%

SPXL:

47.09%

Max Drawdown

UPRO:

-76.82%

SPXL:

-76.86%

Current Drawdown

UPRO:

-45.67%

SPXL:

-46.09%

Returns By Period

The year-to-date returns for both stocks are quite close, with UPRO having a -39.14% return and SPXL slightly lower at -39.64%. Both investments have delivered pretty close results over the past 10 years, with UPRO having a 17.23% annualized return and SPXL not far behind at 17.14%.


UPRO

YTD

-39.14%

1M

-33.72%

6M

-36.74%

1Y

-20.48%

5Y*

30.45%

10Y*

17.23%

SPXL

YTD

-39.64%

1M

-34.18%

6M

-37.27%

1Y

-21.21%

5Y*

30.53%

10Y*

17.14%

*Annualized

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ProShares UltraPro S&P 500

UPRO vs. SPXL - Expense Ratio Comparison

UPRO has a 0.92% expense ratio, which is lower than SPXL's 1.02% expense ratio.


Expense ratio chart for SPXL: current value is 1.02%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPXL: 1.02%
Expense ratio chart for UPRO: current value is 0.92%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
UPRO: 0.92%

Risk-Adjusted Performance

UPRO vs. SPXL — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UPRO
The Risk-Adjusted Performance Rank of UPRO is 1616
Overall Rank
The Sharpe Ratio Rank of UPRO is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of UPRO is 2323
Sortino Ratio Rank
The Omega Ratio Rank of UPRO is 2222
Omega Ratio Rank
The Calmar Ratio Rank of UPRO is 1212
Calmar Ratio Rank
The Martin Ratio Rank of UPRO is 66
Martin Ratio Rank

SPXL
The Risk-Adjusted Performance Rank of SPXL is 1515
Overall Rank
The Sharpe Ratio Rank of SPXL is 1616
Sharpe Ratio Rank
The Sortino Ratio Rank of SPXL is 2222
Sortino Ratio Rank
The Omega Ratio Rank of SPXL is 2020
Omega Ratio Rank
The Calmar Ratio Rank of SPXL is 1111
Calmar Ratio Rank
The Martin Ratio Rank of SPXL is 55
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.

UPRO vs. SPXL - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro S&P 500 (UPRO) and Direxion Daily S&P 500 Bull 3X Shares (SPXL). 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 chart of Sharpe ratio for AEPGX, currently valued at -0.79, compared to the broader market-1.000.001.002.003.004.00
AEPGX: -0.79
VIGAX: -0.09
The chart of Sortino ratio for AEPGX, currently valued at -0.95, compared to the broader market-2.000.002.004.006.008.0010.00
AEPGX: -0.95
VIGAX: 0.01
The chart of Omega ratio for AEPGX, currently valued at 0.87, compared to the broader market0.501.001.502.002.50
AEPGX: 0.87
VIGAX: 1.00
The chart of Calmar ratio for AEPGX, currently valued at -0.44, compared to the broader market0.005.0010.0015.00
AEPGX: -0.44
VIGAX: -0.09
The chart of Martin ratio for AEPGX, currently valued at -2.39, compared to the broader market0.0020.0040.0060.0080.00
AEPGX: -2.39
VIGAX: -0.39

The current UPRO Sharpe Ratio is -0.45, which is comparable to the SPXL Sharpe Ratio of -0.46. The chart below compares the historical Sharpe Ratios of UPRO and SPXL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00NovemberDecember2025FebruaryMarchApril
-0.79
-0.09
AEPGX
VIGAX

Dividends

UPRO vs. SPXL - Dividend Comparison

UPRO's dividend yield for the trailing twelve months is around 1.65%, more than SPXL's 1.33% yield.


TTM20242023202220212020201920182017201620152014

Drawdowns

UPRO vs. SPXL - Drawdown Comparison

The maximum UPRO drawdown since its inception was -76.82%, roughly equal to the maximum SPXL drawdown of -76.86%. Use the drawdown chart below to compare losses from any high point for UPRO and SPXL. For additional features, visit the drawdowns tool.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-28.47%
-21.79%
AEPGX
VIGAX

Volatility

UPRO vs. SPXL - Volatility Comparison

The current volatility for ProShares UltraPro S&P 500 (UPRO) is NaN%, while Direxion Daily S&P 500 Bull 3X Shares (SPXL) has a volatility of NaN%. This indicates that UPRO experiences smaller price fluctuations and is considered to be less risky than SPXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%NovemberDecember2025FebruaryMarchApril
8.34%
11.21%
AEPGX
VIGAX

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