Correlation
The correlation between UPW and FUTY is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
UPW vs. FUTY
Compare and contrast key facts about ProShares Ultra Utilities (UPW) and Fidelity MSCI Utilities Index ETF (FUTY).
UPW and FUTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (200%). It was launched on Jan 30, 2007. FUTY is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Utilities Index. It was launched on Oct 21, 2013. Both UPW and FUTY 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: UPW or FUTY.
Performance
UPW vs. FUTY - Performance Comparison
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Key characteristics
UPW:
0.77
FUTY:
1.08
UPW:
1.20
FUTY:
1.51
UPW:
1.15
FUTY:
1.20
UPW:
0.93
FUTY:
1.80
UPW:
2.87
FUTY:
4.53
UPW:
9.27%
FUTY:
4.02%
UPW:
34.74%
FUTY:
17.04%
UPW:
-77.75%
FUTY:
-36.44%
UPW:
-4.60%
FUTY:
-1.01%
Returns By Period
In the year-to-date period, UPW achieves a 14.06% return, which is significantly higher than FUTY's 9.07% return. Over the past 10 years, UPW has outperformed FUTY with an annualized return of 12.02%, while FUTY has yielded a comparatively lower 9.83% annualized return.
UPW
14.06%
5.65%
-4.34%
22.48%
2.80%
11.56%
12.02%
FUTY
9.07%
3.21%
0.36%
16.14%
6.51%
9.70%
9.83%
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UPW vs. FUTY - Expense Ratio Comparison
UPW has a 0.95% expense ratio, which is higher than FUTY's 0.08% expense ratio.
Risk-Adjusted Performance
UPW vs. FUTY — Risk-Adjusted Performance Rank
UPW
FUTY
UPW vs. FUTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Utilities (UPW) and Fidelity MSCI Utilities Index ETF (FUTY). 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.
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Dividends
UPW vs. FUTY - Dividend Comparison
UPW's dividend yield for the trailing twelve months is around 1.71%, less than FUTY's 2.72% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 1.71% | 1.83% | 2.40% | 1.55% | 1.30% | 0.83% | 0.83% | 1.98% | 1.51% | 1.70% | 2.16% | 1.69% |
FUTY Fidelity MSCI Utilities Index ETF | 2.72% | 2.96% | 3.31% | 2.72% | 2.70% | 3.07% | 2.82% | 3.11% | 3.03% | 3.35% | 4.33% | 3.04% |
Drawdowns
UPW vs. FUTY - Drawdown Comparison
The maximum UPW drawdown since its inception was -77.75%, which is greater than FUTY's maximum drawdown of -36.44%. Use the drawdown chart below to compare losses from any high point for UPW and FUTY.
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Volatility
UPW vs. FUTY - Volatility Comparison
ProShares Ultra Utilities (UPW) has a higher volatility of 9.19% compared to Fidelity MSCI Utilities Index ETF (FUTY) at 4.74%. This indicates that UPW's price experiences larger fluctuations and is considered to be riskier than FUTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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