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

Correlation

The correlation between UPRO and TMF is -0.27. 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.


-0.50.00.51.0
Correlation: -0.3

Performance

UPRO vs. TMF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro S&P 500 (UPRO) and Direxion Daily 20-Year Treasury Bull 3X (TMF). The values are adjusted to include any dividend payments, if applicable.

0.00%2,000.00%4,000.00%6,000.00%8,000.00%December2025FebruaryMarchAprilMay
6,085.94%
-48.59%
UPRO
TMF

Key characteristics

Sharpe Ratio

UPRO:

0.31

TMF:

-0.25

Sortino Ratio

UPRO:

0.82

TMF:

-0.06

Omega Ratio

UPRO:

1.12

TMF:

0.99

Calmar Ratio

UPRO:

0.36

TMF:

-0.11

Martin Ratio

UPRO:

1.24

TMF:

-0.44

Ulcer Index

UPRO:

14.38%

TMF:

23.95%

Daily Std Dev

UPRO:

57.37%

TMF:

42.76%

Max Drawdown

UPRO:

-76.82%

TMF:

-92.11%

Current Drawdown

UPRO:

-28.60%

TMF:

-91.67%

Returns By Period

In the year-to-date period, UPRO achieves a -20.02% return, which is significantly lower than TMF's -2.37% return. Over the past 10 years, UPRO has outperformed TMF with an annualized return of 20.09%, while TMF has yielded a comparatively lower -13.89% annualized return.


UPRO

YTD

-20.02%

1M

31.42%

6M

-14.44%

1Y

10.50%

5Y*

32.75%

10Y*

20.09%

TMF

YTD

-2.37%

1M

-17.85%

6M

-17.76%

1Y

-14.04%

5Y*

-36.36%

10Y*

-13.89%

*Annualized

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UPRO vs. TMF - Expense Ratio Comparison

UPRO has a 0.92% expense ratio, which is lower than TMF's 1.09% expense ratio.


Expense ratio chart for TMF: current value is 1.09%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
TMF: 1.09%
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. TMF — 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 4343
Overall Rank
The Sharpe Ratio Rank of UPRO is 3434
Sharpe Ratio Rank
The Sortino Ratio Rank of UPRO is 4747
Sortino Ratio Rank
The Omega Ratio Rank of UPRO is 5050
Omega Ratio Rank
The Calmar Ratio Rank of UPRO is 4343
Calmar Ratio Rank
The Martin Ratio Rank of UPRO is 4040
Martin Ratio Rank

TMF
The Risk-Adjusted Performance Rank of TMF is 1010
Overall Rank
The Sharpe Ratio Rank of TMF is 99
Sharpe Ratio Rank
The Sortino Ratio Rank of TMF is 1111
Sortino Ratio Rank
The Omega Ratio Rank of TMF is 1111
Omega Ratio Rank
The Calmar Ratio Rank of TMF is 1010
Calmar Ratio Rank
The Martin Ratio Rank of TMF is 1010
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. TMF - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro S&P 500 (UPRO) and Direxion Daily 20-Year Treasury Bull 3X (TMF). 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 UPRO, currently valued at 0.31, compared to the broader market-1.000.001.002.003.004.00
UPRO: 0.31
TMF: -0.25
The chart of Sortino ratio for UPRO, currently valued at 0.82, compared to the broader market-2.000.002.004.006.008.00
UPRO: 0.82
TMF: -0.06
The chart of Omega ratio for UPRO, currently valued at 1.12, compared to the broader market0.501.001.502.002.50
UPRO: 1.12
TMF: 0.99
The chart of Calmar ratio for UPRO, currently valued at 0.36, compared to the broader market0.002.004.006.008.0010.0012.00
UPRO: 0.36
TMF: -0.11
The chart of Martin ratio for UPRO, currently valued at 1.24, compared to the broader market0.0020.0040.0060.00
UPRO: 1.24
TMF: -0.44

The current UPRO Sharpe Ratio is 0.31, which is higher than the TMF Sharpe Ratio of -0.25. The chart below compares the historical Sharpe Ratios of UPRO and TMF, 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-1.000.001.002.003.004.00December2025FebruaryMarchAprilMay
0.31
-0.25
UPRO
TMF

Dividends

UPRO vs. TMF - Dividend Comparison

UPRO's dividend yield for the trailing twelve months is around 1.25%, less than TMF's 4.34% yield.


TTM20242023202220212020201920182017201620152014
UPRO
ProShares UltraPro S&P 500
1.25%0.93%0.74%0.52%0.06%0.11%0.41%0.63%0.00%0.12%0.34%0.22%
TMF
Direxion Daily 20-Year Treasury Bull 3X
4.34%4.29%2.82%1.62%0.13%2.23%0.94%1.49%0.41%0.00%0.00%0.00%

Drawdowns

UPRO vs. TMF - Drawdown Comparison

The maximum UPRO drawdown since its inception was -76.82%, smaller than the maximum TMF drawdown of -92.11%. Use the drawdown chart below to compare losses from any high point for UPRO and TMF. For additional features, visit the drawdowns tool.


-100.00%-80.00%-60.00%-40.00%-20.00%0.00%December2025FebruaryMarchAprilMay
-28.60%
-91.67%
UPRO
TMF

Volatility

UPRO vs. TMF - Volatility Comparison

ProShares UltraPro S&P 500 (UPRO) has a higher volatility of 38.25% compared to Direxion Daily 20-Year Treasury Bull 3X (TMF) at 17.81%. This indicates that UPRO's price experiences larger fluctuations and is considered to be riskier than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%December2025FebruaryMarchAprilMay
38.25%
17.81%
UPRO
TMF