URTY vs. NUG

Last updated Jun 24, 2026

URTY (ProShares UltraPro Russell2000) and NUG (Leverage Shares 2X Long NU Daily ETF) are both Leveraged Equities funds. URTY is passively managed, while NUG is actively managed. A 0.55 correlation means they provide meaningful diversification when combined. URTY charges 0.95%/yr vs 0.75%/yr for NUG.

Performance

URTY vs. NUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Russell2000 (URTY) and Leverage Shares 2X Long NU Daily ETF (NUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URTY achieves a 56.97% return, which is significantly higher than NUG's -49.34% return.

URTY

• 1D: -2.91%
• 1M: 9.67%
• YTD: 56.97%
• 6M: 45.90%
• 1Y: 125.23%
• 3Y*: 31.82%
• 5Y*: -6.44%
• 10Y*: 9.56%

NUG

• 1D: 1.13%
• 1M: -1.26%
• YTD: -49.34%
• 6M: -48.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URTY vs. NUG - Yearly Performance Comparison

	2026 (YTD)	2025
URTY ProShares UltraPro Russell2000	56.97%	9.82%
NUG Leverage Shares 2X Long NU Daily ETF	-49.34%	9.30%

Correlation

The correlation between URTY and NUG is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 17, 2025	0.55

Return for Risk

URTY vs. NUG — Risk / Return Rank

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

URTY

URTY Risk / Return Rank: 65
URTY Sharpe Ratio Rank: 70
URTY Sortino Ratio Rank: 57
URTY Omega Ratio Rank: 51
URTY Calmar Ratio Rank: 79
URTY Martin Ratio Rank: 71

NUG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

URTY vs. NUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) and Leverage Shares 2X Long NU Daily ETF (NUG). 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.

	URTY	NUG	Difference
Sharpe ratio: Return per unit of total volatility	2.14	—	—
Sortino ratio: Return per unit of downside risk	2.58	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	3.87	—	—
Martin ratio: Return relative to average drawdown	12.67	—	—

Drawdowns

URTY vs. NUG - Drawdown Comparison

The maximum URTY drawdown since its inception was -88.09%, which is greater than NUG's maximum drawdown of -66.15%. Use the drawdown chart below to compare losses from any high point for URTY and NUG.

Drawdown Indicators

	URTY	NUG	Difference
Max Drawdown Largest peak-to-trough decline	-88.09%	-66.15%	-21.94%
Max Drawdown (1Y) Largest decline over 1 year	-32.56%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-65.85%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-82.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-88.09%	—	—
Current Drawdown Current decline from peak	-35.38%	-59.01%	+23.63%
Average Drawdown Average peak-to-trough decline	-34.79%	-31.80%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.92%	—	—

Volatility

Volatility by Period

	URTY	NUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	42.77%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	58.97%	79.90%	-20.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.67%	79.90%	-12.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.41%	79.90%	-10.49%

URTY vs. NUG - Expense Ratio Comparison

URTY has a 0.95% expense ratio, which is higher than NUG's 0.75% expense ratio.

Dividends

URTY vs. NUG - Dividend Comparison

URTY's dividend yield for the trailing twelve months is around 0.60%, while NUG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NUG Leverage Shares 2X Long NU Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
URTY ProShares UltraPro Russell2000	0.60%	1.02%	1.16%	0.55%	0.28%	0.00%	0.00%	0.18%	0.28%	0.00%	0.03%

Frequently Asked Questions

Can I hold both URTY and NUG in my portfolio?

URTY and NUG have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, URTY or NUG?

On fees, NUG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, URTY or NUG?

NUG is cheaper with a 0.75% expense ratio, compared with 0.95% for URTY.

Which ETF pays a higher dividend yield, URTY or NUG?

URTY has the higher dividend yield at 0.60%, compared with 0.00% for NUG.

What is the main difference between URTY and NUG?

They also come from different issuers: ProShares and Leverage Shares. Their fees differ too: 0.95% for URTY and 0.75% for NUG.