UPV vs. XLK
Compare and contrast key facts about ProShares Ultra Europe (UPV) and Technology Select Sector SPDR Fund (XLK).
UPV and XLK 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. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. Both UPV and XLK 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 XLK.
Performance
UPV vs. XLK - Performance Comparison
Returns By Period
In the year-to-date period, UPV achieves a -2.37% return, which is significantly lower than XLK's 21.93% return. Over the past 10 years, UPV has underperformed XLK with an annualized return of 2.77%, while XLK has yielded a comparatively higher 20.32% annualized return.
UPV
-2.37%
-11.90%
-13.38%
9.68%
2.87%
2.77%
XLK
21.93%
0.75%
9.80%
27.30%
23.15%
20.32%
Key characteristics
| UPV | XLK | |
|---|---|---|
| Sharpe Ratio | 0.47 | 1.29 |
| Sortino Ratio | 0.81 | 1.76 |
| Omega Ratio | 1.10 | 1.24 |
| Calmar Ratio | 0.40 | 1.64 |
| Martin Ratio | 1.95 | 5.66 |
| Ulcer Index | 6.37% | 4.92% |
| Daily Std Dev | 26.29% | 21.69% |
| Max Drawdown | -67.25% | -82.05% |
| Current Drawdown | -21.86% | -1.66% |
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UPV vs. XLK - Expense Ratio Comparison
UPV has a 0.95% expense ratio, which is higher than XLK's 0.13% expense ratio.
Correlation
The correlation between UPV and XLK is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
UPV vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Europe (UPV) and Technology Select Sector SPDR Fund (XLK). 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. XLK - Dividend Comparison
UPV's dividend yield for the trailing twelve months is around 2.34%, more than XLK's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPV ProShares Ultra Europe | 2.34% | 1.56% | 0.00% | 0.00% | 0.00% | 0.64% | 3.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XLK Technology Select Sector SPDR Fund | 0.67% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
UPV vs. XLK - Drawdown Comparison
The maximum UPV drawdown since its inception was -67.25%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for UPV and XLK. For additional features, visit the drawdowns tool.
Volatility
UPV vs. XLK - Volatility Comparison
ProShares Ultra Europe (UPV) has a higher volatility of 8.61% compared to Technology Select Sector SPDR Fund (XLK) at 6.25%. This indicates that UPV's price experiences larger fluctuations and is considered to be riskier than XLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.