UPW vs. BRKW

Last updated Jun 4, 2026

UPW (ProShares Ultra Utilities) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - UPW is a Leveraged Equities fund tracking the Dow Jones U.S. Utilities Index (200%), while BRKW is a Derivative Income fund actively managed by Roundhill. UPW is passively managed, while BRKW is actively managed. At a 0.18 correlation, their price movements are largely independent. UPW charges 0.95%/yr vs 0.99%/yr for BRKW.

Performance

UPW vs. BRKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Utilities (UPW) and Roundhill BRKB WeeklyPay ETF (BRKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UPW achieves a 2.44% return, which is significantly higher than BRKW's -7.76% return.

UPW

• 1D: -0.56%
• 1M: -11.72%
• YTD: 2.44%
• 6M: -1.65%
• 1Y: 9.80%
• 3Y*: 17.51%
• 5Y*: 9.49%
• 10Y*: 9.80%

BRKW

• 1D: 0.91%
• 1M: 1.58%
• YTD: -7.76%
• 6M: -8.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

UPW vs. BRKW - Yearly Performance Comparison

	2026 (YTD)	2025
UPW ProShares Ultra Utilities	2.44%	12.62%
BRKW Roundhill BRKB WeeklyPay ETF	-7.76%	2.09%

Correlation

The correlation between UPW and BRKW is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 20, 2025	0.18

UPW vs. BRKW - Sectors Allocation Comparison

Sectors	UPW	BRKW
Utilities	100.0%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	7.4%
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Technology	-	-

Return for Risk

UPW vs. BRKW — Risk / Return Rank

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

UPW

UPW Risk / Return Rank: 14
UPW Sharpe Ratio Rank: 14
UPW Sortino Ratio Rank: 14
UPW Omega Ratio Rank: 14
UPW Calmar Ratio Rank: 15
UPW Martin Ratio Rank: 14

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UPW vs. BRKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Utilities (UPW) and Roundhill BRKB WeeklyPay ETF (BRKW). 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.

	UPW	BRKW	Difference
Sharpe ratio: Return per unit of total volatility	0.34	—	—
Sortino ratio: Return per unit of downside risk	0.65	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.51	—	—
Martin ratio: Return relative to average drawdown	1.12	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	UPW	BRKW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.34	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	-0.36	+0.61

Drawdowns

UPW vs. BRKW - Drawdown Comparison

The maximum UPW drawdown since its inception was -77.75%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for UPW and BRKW.

Drawdown Indicators

	UPW	BRKW	Difference
Max Drawdown Largest peak-to-trough decline	-77.75%	-12.64%	-65.11%
Max Drawdown (1Y) Largest decline over 1 year	-19.15%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.67%	—	—
Current Drawdown Current decline from peak	-16.92%	-10.70%	-6.22%
Average Drawdown Average peak-to-trough decline	-22.59%	-5.34%	-17.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.80%	—	—

Volatility

Volatility by Period

	UPW	BRKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.05%	17.23%	+11.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.41%	17.23%	+17.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.17%	17.23%	+19.94%

UPW vs. BRKW - Expense Ratio Comparison

UPW has a 0.95% expense ratio, which is lower than BRKW's 0.99% expense ratio.

Dividends

UPW vs. BRKW - Dividend Comparison

UPW's dividend yield for the trailing twelve months is around 1.56%, less than BRKW's 25.19% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRKW Roundhill BRKB WeeklyPay ETF	25.19%	14.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UPW ProShares Ultra Utilities	1.56%	1.67%	1.83%	2.40%	1.55%	1.30%	0.83%	0.83%	1.98%	1.51%	1.70%	2.16%

Frequently Asked Questions

Can I hold both UPW and BRKW in my portfolio?

UPW and BRKW have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, UPW or BRKW?

On fees, UPW is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, UPW or BRKW?

UPW is cheaper with a 0.95% expense ratio, compared with 0.99% for BRKW.

Which ETF pays a higher dividend yield, UPW or BRKW?

BRKW has the higher dividend yield at 25.19%, compared with 1.56% for UPW.

What is the main difference between UPW and BRKW?

UPW is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.95% for UPW and 0.99% for BRKW.