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 6.75%/yr vs -71.03%/yr for UVXY. Their -0.69 correlation means they have often moved in opposite directions in the past. 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 55.97% return, which is significantly higher than UVXY's -36.18% return. Over the past 10 years, URTY has outperformed UVXY with an annualized return of 6.75%, while UVXY has yielded a comparatively lower -71.03% 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%
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) |
|---|---|---|---|
| $35.77M | $36.50M | $68.68M | |
| $186.30M | $190.88M | $236.21M |
URTY vs. UVXY - 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% |
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 URTY and UVXY is -0.65, 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. | -0.65 |
Correlation (3Y) Balances recent behavior with more history. | -0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.66 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2011 | -0.69 |
The correlation between URTY and UVXY has been stable across timeframes, ranging from -0.69 to -0.63 - 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.
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 | UVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.92 | ||
| Sortino ratioReturn per unit of downside risk | +4.14 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.82 | +0.48 |
| Calmar ratioReturn relative to maximum drawdown | 3.66 | -1.03 | +4.70 |
| Martin ratioReturn relative to average drawdown | 12.00 | -1.54 | +13.55 |
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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% | -71.36% | +38.80% |
Max Drawdown (3Y)Largest decline over 3 years | -65.85% | -95.42% | +29.57% |
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 | -35.79% | -100.00% | +64.21% |
Average DrawdownAverage peak-to-trough decline | -34.80% | -98.76% | +63.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.92% | 51.81% | -41.89% |
Volatility
URTY vs. UVXY - Volatility Comparison
The current volatility for ProShares UltraPro Russell2000 (URTY) is 12.57%, while ProShares Ultra VIX Short-Term Futures ETF (UVXY) has a volatility of 22.30%. This indicates that URTY 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
| URTY | UVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.57% | 22.30% | -9.73% |
Volatility (6M)Calculated over the trailing 6-month period | 42.24% | 65.53% | -23.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.90% | 86.48% | -28.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.36% | 103.34% | -35.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.28% | 112.09% | -42.81% |
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 0.76%, while UVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
URTY ProShares UltraPro Russell2000 | 0.76% | 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 -0.65, 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 URTY (12.57%). In terms of maximum drawdown, URTY dropped -88.09% vs UVXY's -100.00%.
On 10-year performance, URTY leads with 6.75% vs -71.03% for UVXY. 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.
Over the 10-year period, URTY has performed better with a 6.75% return vs -71.03%. 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 0.76%, 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 (2.06 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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