URE vs. UVXY
URE (ProShares Ultra Real Estate) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - URE is a REIT fund tracking the Dow Jones U.S. Real Estate Index (200%), while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 10 years, URE returned 2.23%/yr vs -71.03%/yr for UVXY. Their -0.48 correlation means they have often moved in opposite directions in the past. Both charge a 0.95% expense ratio.
Performance
URE vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, URE achieves a 23.35% return, which is significantly higher than UVXY's -36.18% return. Over the past 10 years, URE has outperformed UVXY with an annualized return of 2.23%, while UVXY has yielded a comparatively lower -71.03% annualized return.
URE
- 1D
- 0.70%
- 1M
- 1.91%
- 6M
- 20.58%
- YTD
- 23.35%
- 1Y
- 18.25%
- 3Y*
- 11.31%
- 5Y*
- -3.92%
- 10Y*
- 2.23%
- ALL TIME*
- -3.04%
UVXY
- 1D
- -1.46%
- 1M
- -7.54%
- 6M
- -33.79%
- YTD
- -36.18%
- 1Y
- -73.63%
- 3Y*
- -63.76%
- 5Y*
- -68.11%
- 10Y*
- -71.03%
- ALL TIME*
- -80.18%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $611.02K | $406.79K | $255.52K | |
| $186.30M | $190.88M | $236.21M |
URE vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 23.35% | -3.65% | 0.35% | 11.58% | -49.64% | 88.24% | -28.06% | 57.86% | -13.80% | 16.56% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -36.18% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Correlation
The correlation between URE and UVXY is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.34 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.44 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.42 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011 | -0.48 |
Over the past year, the inverse relationship between URE and UVXY has weakened: their correlation has moved from -0.48 to -0.20, meaning they move in opposite directions less often than they have historically.
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Return for Risk
URE vs. UVXY — Risk / Return Rank
URE
UVXY
URE vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Real Estate (URE) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| URE | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.64 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.82 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -1.03 | +2.14 |
| Martin ratioReturn relative to average drawdown | 3.05 | -1.54 | +4.59 |
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Drawdowns
URE vs. UVXY - Drawdown Comparison
The maximum URE drawdown since its inception was -97.16%, roughly equal to the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for URE and UVXY.
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Drawdown Indicators
| URE | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.16% | -100.00% | +2.84% |
Max Drawdown (1Y)Largest decline over 1 year | -16.50% | -71.36% | +54.86% |
Max Drawdown (3Y)Largest decline over 3 years | -33.77% | -95.42% | +61.65% |
Max Drawdown (5Y)Largest decline over 5 years | -63.66% | -99.68% | +36.02% |
Max Drawdown (10Y)Largest decline over 10 years | -70.49% | -100.00% | +29.51% |
Current DrawdownCurrent decline from peak | -48.78% | -100.00% | +51.22% |
Average DrawdownAverage peak-to-trough decline | -64.38% | -98.76% | +34.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 51.81% | -45.80% |
Volatility
URE vs. UVXY - Volatility Comparison
The current volatility for ProShares Ultra Real Estate (URE) is 8.67%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 22.30%. This indicates that URE experiences smaller price fluctuations and is considered to be less risky than UVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URE | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.67% | 22.30% | -13.63% |
Volatility (6M)Calculated over the trailing 6-month period | 22.10% | 65.53% | -43.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.02% | 86.48% | -58.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.52% | 103.34% | -65.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.68% | 112.09% | -71.41% |
URE vs. UVXY - Expense Ratio Comparison
Both URE and UVXY have an expense ratio of 0.95%.
Dividends
URE vs. UVXY - Dividend Comparison
URE's dividend yield for the trailing twelve months is around 1.98%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URE ProShares Ultra Real Estate | 1.98% | 2.42% | 2.09% | 1.32% | 1.26% | 0.58% | 0.94% | 1.10% | 1.53% | 0.93% | 0.96% | 0.81% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URE and UVXY have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVXY has higher volatility (22.30%) compared to URE (8.67%). In terms of maximum drawdown, URE dropped -97.16% vs UVXY's -100.00%.
On 10-year performance, URE leads with 2.23% vs -71.03% for UVXY. Both ETFs have the same 0.95% expense ratio. On volatility, URE has been the lower-risk option at 8.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, URE has performed better with a 2.23% return vs -71.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URE and UVXY have the same expense ratio: 0.95% per year.
URE has the higher dividend yield at 1.98%, compared with 0.00% for UVXY.
URE is categorized as REIT, while UVXY is Volatility. URE tracks Dow Jones U.S. Real Estate Index (200%), while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%).
URE currently has the higher Sharpe Ratio (0.66 vs -0.85), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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