UPV vs. UPRO
Compare and contrast key facts about ProShares Ultra Europe (UPV) and ProShares UltraPro S&P 500 (UPRO).
UPV and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPV is a passively managed fund by ProShares that tracks the performance of the MSCI Europe Index (200%). It was launched on Apr 30, 2010. 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. Both UPV and UPRO 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: UPV or UPRO.
Performance
UPV vs. UPRO - Performance Comparison
Returns By Period
In the year-to-date period, UPV achieves a -1.55% return, which is significantly lower than UPRO's 68.74% return. Over the past 10 years, UPV has underperformed UPRO with an annualized return of 3.01%, while UPRO has yielded a comparatively higher 24.04% annualized return.
UPV
-1.55%
-13.66%
-14.95%
9.90%
3.12%
3.01%
UPRO
68.74%
1.54%
27.81%
92.49%
24.82%
24.04%
Key characteristics
| UPV | UPRO | |
|---|---|---|
| Sharpe Ratio | 0.74 | 2.66 |
| Sortino Ratio | 1.16 | 3.02 |
| Omega Ratio | 1.14 | 1.41 |
| Calmar Ratio | 0.65 | 2.56 |
| Martin Ratio | 3.26 | 15.94 |
| Ulcer Index | 6.12% | 6.07% |
| Daily Std Dev | 26.31% | 36.44% |
| Max Drawdown | -67.25% | -76.82% |
| Current Drawdown | -21.20% | -4.46% |
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UPV vs. UPRO - Expense Ratio Comparison
UPV has a 0.95% expense ratio, which is higher than UPRO's 0.92% expense ratio.
Correlation
The correlation between UPV and UPRO is 0.71, 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.
Risk-Adjusted Performance
UPV vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Europe (UPV) and ProShares UltraPro S&P 500 (UPRO). 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
UPV vs. UPRO - Dividend Comparison
UPV's dividend yield for the trailing twelve months is around 2.32%, more than UPRO's 0.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPV ProShares Ultra Europe | 2.32% | 1.56% | 0.00% | 0.00% | 0.00% | 0.64% | 3.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.75% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
UPV vs. UPRO - Drawdown Comparison
The maximum UPV drawdown since its inception was -67.25%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for UPV and UPRO. For additional features, visit the drawdowns tool.
Volatility
UPV vs. UPRO - Volatility Comparison
The current volatility for ProShares Ultra Europe (UPV) is 8.64%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 12.31%. This indicates that UPV experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.