UPRO vs. WGS
UPRO (ProShares UltraPro S&P 500) is Leveraged Equities fund tracking the S&P 500, while WGS (GeneDx Holdings Corp.) is a stock. Over the past 5 years, UPRO returned 19.88%/yr vs -30.08%/yr for WGS. At a 0.35 correlation, their price movements are largely independent.
Performance
UPRO vs. WGS - Performance Comparison
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Returns By Period
In the year-to-date period, UPRO achieves a 23.85% return, which is significantly higher than WGS's -50.91% return.
UPRO
- 1D
- -2.35%
- 1M
- 2.61%
- 6M
- 17.29%
- YTD
- 23.85%
- 1Y
- 53.99%
- 3Y*
- 44.08%
- 5Y*
- 19.88%
- 10Y*
- 28.63%
WGS
- 1D
- -2.73%
- 1M
- 6.56%
- 6M
- -46.45%
- YTD
- -50.91%
- 1Y
- -22.66%
- 3Y*
- 111.80%
- 5Y*
- -30.08%
- 10Y*
- —
UPRO vs. WGS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
UPRO ProShares UltraPro S&P 500 | 23.85% | 31.88% | 63.57% | 68.53% | -56.84% | 98.64% | 38.04% |
WGS GeneDx Holdings Corp. | -50.91% | 69.22% | 2,694.91% | -68.41% | -94.09% | -59.60% | 12.65% |
Correlation
The correlation between UPRO and WGS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2020 | 0.35 |
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Return for Risk
UPRO vs. WGS — Risk / Return Rank
UPRO
WGS
UPRO vs. WGS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro S&P 500 (UPRO) and GeneDx Holdings Corp. (WGS). 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 | WGS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.04 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.03 | -0.29 | +2.31 |
| Martin ratioReturn relative to average drawdown | 8.00 | -0.54 | +8.54 |
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Drawdowns
UPRO vs. WGS - Drawdown Comparison
The maximum UPRO drawdown since its inception was -76.82%, smaller than the maximum WGS drawdown of -99.85%. Use the drawdown chart below to compare losses from any high point for UPRO and WGS.
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Drawdown Indicators
| UPRO | WGS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.82% | -99.85% | +23.03% |
Max Drawdown (1Y)Largest decline over 1 year | -26.78% | -79.40% | +52.62% |
Max Drawdown (3Y)Largest decline over 3 years | -48.87% | -84.28% | +35.41% |
Max Drawdown (5Y)Largest decline over 5 years | -63.94% | -99.70% | +35.76% |
Max Drawdown (10Y)Largest decline over 10 years | -76.82% | — | — |
Current DrawdownCurrent decline from peak | -5.19% | -92.50% | +87.31% |
Average DrawdownAverage peak-to-trough decline | -14.37% | -83.47% | +69.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.77% | 42.01% | -35.24% |
Volatility
UPRO vs. WGS - Volatility Comparison
The current volatility for ProShares UltraPro S&P 500 (UPRO) is 12.62%, while GeneDx Holdings Corp. (WGS) has a volatility of 24.37%. This indicates that UPRO experiences smaller price fluctuations and is considered to be less risky than WGS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UPRO | WGS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.62% | 24.37% | -11.75% |
Volatility (6M)Calculated over the trailing 6-month period | 29.99% | 87.66% | -57.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.63% | 83.44% | -45.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.68% | 110.24% | -59.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 53.72% | 107.08% | -53.36% |
Dividends
UPRO vs. WGS - Dividend Comparison
UPRO's dividend yield for the trailing twelve months is around 0.75%, while WGS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPRO ProShares UltraPro S&P 500 | 0.75% | 0.84% | 0.93% | 0.74% | 0.52% | 0.06% | 0.11% | 0.41% | 0.63% | 0.00% | 0.12% | 0.34% |
WGS GeneDx Holdings Corp. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
UPRO and WGS have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WGS has higher volatility (24.37%) compared to UPRO (12.62%). In terms of maximum drawdown, UPRO dropped -76.82% vs WGS's -99.85%.
UPRO currently has the higher Sharpe Ratio (1.44 vs -0.27), 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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