URTY vs. USD

Last updated Aug 4, 2026

URTY (ProShares UltraPro Russell2000) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds from ProShares - URTY tracks the Russell 2000 Index (300%) while USD tracks the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 10 years, URTY returned 6.75%/yr vs 53.94%/yr for USD. Their 0.65 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.95% expense ratio.

Performance

URTY vs. USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Russell2000 (URTY) and ProShares Ultra Semiconductors (USD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with URTY having a 55.97% return and USD slightly lower at 55.27%. Over the past 10 years, URTY has underperformed USD with an annualized return of 6.75%, while USD has yielded a comparatively higher 53.94% annualized return.

URTY

• 1D: 5.14%
• 1M: -2.55%
• 6M: 31.22%
• YTD: 55.97%
• 1Y: 118.59%
• 3Y*: 23.05%
• 5Y*: -2.82%
• 10Y*: 6.75%
• ALL TIME*: 14.07%

USD

• 1D: 3.34%
• 1M: -7.07%
• 6M: 41.04%
• YTD: 55.27%
• 1Y: 98.72%
• 3Y*: 95.45%
• 5Y*: 54.39%
• 10Y*: 53.94%
• ALL TIME*: 28.27%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
URTY ProShares UltraPro Russell2000	$35.77M	$36.50M	$68.68M
USD ProShares Ultra Semiconductors	$71.31M	$70.59M	$96.20M

URTY vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
URTY ProShares UltraPro Russell2000	55.97%	9.26%	7.38%	24.43%	-62.81%	28.47%	-7.72%	72.37%	-39.59%	38.85%
USD ProShares Ultra Semiconductors	55.27%	62.08%	139.64%	228.79%	-68.57%	104.27%	68.16%	110.37%	-26.88%	81.72%

Correlation

The correlation between URTY and USD is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.55
Correlation (3Y) Balances recent behavior with more history.	0.51
Correlation (5Y) Shows whether the relationship held over a longer period.	0.61
Correlation (10Y) Provides a long-term view across more market conditions.	0.61
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010	0.65

The correlation between URTY and USD shifts across timeframes, from 0.51 (3 years) to 0.65 (all time), reflecting how their relationship changes across market environments.

URTY vs. USD - Sectors Allocation Comparison

Sectors	URTY	USD
Healthcare	20.2%	-
Financial Services	17.7%	32.1%
Technology	14.8%	32.6%
Industrials	14.1%	-
Consumer Cyclical	9.2%	-
Real Estate	6.7%	-
Energy	5.4%	0.0%
Basic Materials	4.4%	-
Utilities	2.7%	-
Consumer Defensive	2.6%	-
Communication Services	2.2%	-

Return for Risk

URTY vs. USD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

URTY

URTY Risk / Return Rank: 81
URTY Sharpe Ratio Rank: 85
URTY Sortino Ratio Rank: 77
URTY Omega Ratio Rank: 71
URTY Calmar Ratio Rank: 88
URTY Martin Ratio Rank: 84

USD

USD Risk / Return Rank: 58
USD Sharpe Ratio Rank: 55
USD Sortino Ratio Rank: 52
USD Omega Ratio Rank: 53
USD Calmar Ratio Rank: 71
USD Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

URTY vs. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) 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.

	URTY	USD	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.35	+0.72
Sortino ratio: Return per unit of downside risk	2.56	1.88	+0.68
Omega ratio: Gain probability vs. loss probability	1.30	1.24	+0.06
Calmar ratio: Return relative to maximum drawdown	3.66	2.52	+1.14
Martin ratio: Return relative to average drawdown	12.00	7.21	+4.79

URTY vs. USD - Sharpe Ratio Comparison

The current URTY Sharpe Ratio is 2.06, which is higher than the USD Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of URTY and USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

URTY vs. USD - Drawdown Comparison

The maximum URTY drawdown since its inception was -88.09%, roughly equal to the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for URTY and USD.

Drawdown Indicators

	URTY	USD	Difference
Max Drawdown Largest peak-to-trough decline	-88.09%	-88.63%	+0.54%
Max Drawdown (1Y) Largest decline over 1 year	-32.56%	-39.33%	+6.77%
Max Drawdown (3Y) Largest decline over 3 years	-65.85%	-64.46%	-1.39%
Max Drawdown (5Y) Largest decline over 5 years	-82.76%	-77.85%	-4.91%
Max Drawdown (10Y) Largest decline over 10 years	-88.09%	-77.85%	-10.24%
Current Drawdown Current decline from peak	-35.79%	-28.27%	-7.52%
Average Drawdown Average peak-to-trough decline	-34.80%	-32.23%	-2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.92%	13.74%	-3.82%

Volatility

URTY vs. USD - Volatility Comparison

The current volatility for ProShares UltraPro Russell2000 (URTY) is 12.57%, while ProShares Ultra Semiconductors (USD) has a volatility of 27.45%. This indicates that URTY experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	URTY	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.57%	27.45%	-14.88%
Volatility (6M) Calculated over the trailing 6-month period	42.24%	61.08%	-18.84%
Volatility (1Y) Calculated over the trailing 1-year period	57.90%	73.76%	-15.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.36%	78.77%	-11.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.28%	70.41%	-1.13%

URTY vs. USD - Expense Ratio Comparison

Both URTY and USD have an expense ratio of 0.95%.

Dividends

URTY vs. USD - Dividend Comparison

URTY's dividend yield for the trailing twelve months is around 0.76%, more than USD's 0.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
URTY ProShares UltraPro Russell2000	0.76%	1.02%	1.16%	0.55%	0.28%	0.00%	0.00%	0.18%	0.28%	0.00%	0.03%	0.00%
USD ProShares Ultra Semiconductors	0.37%	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

Can I hold both URTY and USD in my portfolio?

URTY and USD 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 is riskier, URTY or USD?

USD has higher volatility (27.45%) compared to URTY (12.57%). In terms of maximum drawdown, URTY dropped -88.09% vs USD's -88.63%.

Which ETF is better, URTY or USD?

On 10-year performance, USD leads with 53.94% vs 6.75% for URTY. Both ETFs have the same 0.95% expense ratio. On volatility, URTY has been the lower-risk option at 12.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, URTY or USD?

Over the 10-year period, USD has performed better with a 53.94% return vs 6.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, URTY or USD?

URTY and USD have the same expense ratio: 0.95% per year.

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

URTY has the higher dividend yield at 0.76%, compared with 0.37% for USD.

What is the main difference between URTY and USD?

URTY tracks Russell 2000 Index (300%), while USD tracks Dow Jones U.S. Semiconductors Index (200%).

Which has better risk-adjusted returns?

URTY currently has the higher Sharpe Ratio (2.06 vs 1.35), 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.