URTY vs. UVXY
URTY (ProShares UltraPro Russell2000) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - URTY is a Leveraged Equities fund tracking the Russell 2000 Index (300%), 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, URTY returned 7.72%/yr vs -72.67%/yr for UVXY. At a correlation of -0.69, they often move in opposite directions. Both charge a 0.95% expense ratio.
Performance
URTY vs. UVXY - Performance Comparison
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Returns By Period
In the year-to-date period, URTY achieves a 46.44% return, which is significantly higher than UVXY's -19.06% return. Over the past 10 years, URTY has outperformed UVXY with an annualized return of 7.72%, while UVXY has yielded a comparatively lower -72.67% annualized return.
URTY
- 1D
- -4.07%
- 1M
- 9.06%
- YTD
- 46.44%
- 6M
- 40.44%
- 1Y
- 117.82%
- 3Y*
- 27.59%
- 5Y*
- -6.71%
- 10Y*
- 7.72%
UVXY
- 1D
- -0.24%
- 1M
- -22.10%
- YTD
- -19.06%
- 6M
- -37.37%
- 1Y
- -72.91%
- 3Y*
- -64.55%
- 5Y*
- -67.90%
- 10Y*
- -72.67%
URTY vs. UVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 46.44% | 9.26% | 7.38% | 24.43% | -62.81% | 28.47% | -7.72% | 72.37% | -39.59% | 38.85% |
UVXY ProShares Ultra VIX Short-Term Futures ETF | -19.06% | -65.32% | -50.90% | -87.70% | -44.81% | -88.33% | -17.38% | -84.23% | 60.10% | -94.17% |
Correlation
The correlation between URTY and UVXY is -0.61, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.67 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 5, 2011 | -0.69 |
The correlation between URTY and UVXY has been stable across timeframes, ranging from -0.69 to -0.61 - a consistent structural relationship.
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Return for Risk
URTY vs. UVXY — Risk / Return Rank
URTY
UVXY
URTY vs. UVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) 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.
| URTY | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.94 | ||
| Sortino ratioReturn per unit of downside risk | +4.16 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.82 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | -0.97 | +4.61 |
| Martin ratioReturn relative to average drawdown | 11.96 | -1.31 | +13.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| URTY | UVXY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | -0.87 | +2.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | -0.66 | +0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | -0.64 | +0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | -0.68 | +0.88 |
Drawdowns
URTY vs. UVXY - Drawdown Comparison
The maximum URTY drawdown since its inception was -88.09%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for URTY and UVXY.
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Drawdown Indicators
| URTY | UVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -100.00% | +11.91% |
Max Drawdown (1Y)Largest decline over 1 year | -32.56% | -75.22% | +42.66% |
Max Drawdown (3Y)Largest decline over 3 years | -65.85% | -95.45% | +29.60% |
Max Drawdown (5Y)Largest decline over 5 years | -82.76% | -99.68% | +16.92% |
Max Drawdown (10Y)Largest decline over 10 years | -88.09% | -100.00% | +11.91% |
Current DrawdownCurrent decline from peak | -39.71% | -100.00% | +60.29% |
Average DrawdownAverage peak-to-trough decline | -34.79% | -98.55% | +63.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.89% | 55.63% | -45.74% |
Volatility
URTY vs. UVXY - Volatility Comparison
ProShares UltraPro Russell2000 (URTY) has a higher volatility of 17.18% compared to ProShares Ultra VIX Short-Term Futures ETF (UVXY) at 11.77%. This indicates that URTY's price experiences larger fluctuations and is considered to be riskier 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
| URTY | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.18% | 11.77% | +5.41% |
Volatility (6M)Calculated over the trailing 6-month period | 40.37% | 62.64% | -22.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.33% | 84.42% | -27.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.43% | 103.85% | -36.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.32% | 113.82% | -44.50% |
URTY vs. UVXY - Expense Ratio Comparison
Both URTY and UVXY have an expense ratio of 0.95%.
Dividends
URTY vs. UVXY - Dividend Comparison
URTY's dividend yield for the trailing twelve months is around 0.64%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 0.64% | 1.02% | 1.16% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.28% | 0.00% | 0.03% |
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% |
Frequently Asked Questions
URTY and UVXY have a correlation of -0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URTY has higher volatility (17.18%) compared to UVXY (11.77%). In terms of maximum drawdown, URTY dropped -88.09% vs UVXY's -100.00%.
On 10-year performance, URTY leads with 7.72% vs -72.67% for UVXY. Both ETFs have the same 0.95% expense ratio. On volatility, UVXY has been the lower-risk option at 11.77%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, URTY has performed better with a 7.72% return vs -72.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
URTY and UVXY have the same expense ratio: 0.95% per year.
URTY has the higher dividend yield at 0.64%, compared with 0.00% for UVXY.
URTY is categorized as Leveraged Equities, while UVXY is Volatility. URTY tracks Russell 2000 Index (300%), while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%).
URTY currently has the higher Sharpe Ratio (2.07 vs -0.87), 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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