UPW vs. SPY
Compare and contrast key facts about ProShares Ultra Utilities (UPW) and SPDR S&P 500 ETF (SPY).
UPW and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UPW and SPY 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 SPY.
Correlation
The correlation between UPW and SPY is 0.49, 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.
Performance
UPW vs. SPY - Performance Comparison
Key characteristics
UPW:
1.06
SPY:
2.05
UPW:
1.54
SPY:
2.73
UPW:
1.19
SPY:
1.38
UPW:
0.74
SPY:
3.07
UPW:
4.33
SPY:
13.22
UPW:
7.47%
SPY:
1.95%
UPW:
30.59%
SPY:
12.57%
UPW:
-77.75%
SPY:
-55.19%
UPW:
-15.50%
SPY:
-2.69%
Returns By Period
In the year-to-date period, UPW achieves a 1.03% return, which is significantly higher than SPY's 0.58% return. Over the past 10 years, UPW has underperformed SPY with an annualized return of 9.24%, while SPY has yielded a comparatively higher 13.16% annualized return.
UPW
1.03%
-5.74%
18.28%
34.41%
2.76%
9.24%
SPY
0.58%
-2.18%
5.70%
25.99%
14.36%
13.16%
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UPW vs. SPY - Expense Ratio Comparison
UPW has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
UPW vs. SPY — Risk-Adjusted Performance Rank
UPW
SPY
UPW vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Utilities (UPW) and SPDR S&P 500 ETF (SPY). 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
UPW vs. SPY - Dividend Comparison
UPW's dividend yield for the trailing twelve months is around 1.81%, more than SPY's 1.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 1.81% | 1.83% | 2.40% | 1.55% | 1.30% | 0.83% | 0.83% | 1.98% | 1.51% | 1.70% | 2.16% | 1.69% |
SPY SPDR S&P 500 ETF | 1.20% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
UPW vs. SPY - Drawdown Comparison
The maximum UPW drawdown since its inception was -77.75%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UPW and SPY. For additional features, visit the drawdowns tool.
Volatility
UPW vs. SPY - Volatility Comparison
ProShares Ultra Utilities (UPW) has a higher volatility of 7.52% compared to SPDR S&P 500 ETF (SPY) at 4.49%. This indicates that UPW's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.