URSP vs. USD
URSP (ProShares Ultra S&P 500 Equal Weight ETF) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds from ProShares - URSP tracks the S&P 500 Equal Weight Index while USD tracks the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. At a 0.34 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
URSP vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, URSP achieves a 19.78% return, which is significantly lower than USD's 92.18% return.
URSP
- 1D
- 1.34%
- 1M
- 4.16%
- YTD
- 19.78%
- 6M
- 16.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USD
- 1D
- 4.73%
- 1M
- -0.57%
- YTD
- 92.18%
- 6M
- 86.88%
- 1Y
- 185.02%
- 3Y*
- 118.50%
- 5Y*
- 64.73%
- 10Y*
- 62.72%
URSP vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
URSP ProShares Ultra S&P 500 Equal Weight ETF | 19.78% | 1.59% |
USD ProShares Ultra Semiconductors | 92.18% | 17.52% |
Correlation
The correlation between URSP and USD is 0.34, 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 Aug 27, 2025 | 0.34 |
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Return for Risk
URSP vs. USD — Risk / Return Rank
URSP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USD
URSP vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 Equal Weight ETF (URSP) and ProShares Ultra Semiconductors (USD). 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.
| URSP | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.86 | — |
| Martin ratioReturn relative to average drawdown | — | 16.16 | — |
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Drawdowns
URSP vs. USD - Drawdown Comparison
The maximum URSP drawdown since its inception was -15.72%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for URSP and USD.
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Drawdown Indicators
| URSP | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -88.63% | +72.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -31.80% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -64.46% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -77.85% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -0.33% | -11.21% | +10.88% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -32.29% | +29.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 11.50% | — |
Volatility
URSP vs. USD - Volatility Comparison
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Volatility by Period
| URSP | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 33.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 53.90% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.68% | 67.84% | -44.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.68% | 77.74% | -54.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.68% | 69.82% | -46.14% |
URSP vs. USD - Expense Ratio Comparison
Both URSP and USD have an expense ratio of 0.95%.
Dividends
URSP vs. USD - Dividend Comparison
URSP's dividend yield for the trailing twelve months is around 0.94%, more than USD's 0.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
URSP ProShares Ultra S&P 500 Equal Weight ETF | 0.94% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.30% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
URSP and USD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.95% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
URSP and USD have the same expense ratio: 0.95% per year.
URSP has the higher dividend yield at 0.94%, compared with 0.30% for USD.
URSP tracks S&P 500 Equal Weight Index, while USD tracks Dow Jones U.S. Semiconductors Index (200%).
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