USD vs. CDW
USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), while CDW (CDW Corporation) is a stock. Over the past 10 years, USD returned 60.21%/yr vs 13.42%/yr for CDW. At a 0.49 correlation, their price movements are largely independent.
Performance
USD vs. CDW - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 86.87% return, which is significantly higher than CDW's -1.88% return. Over the past 10 years, USD has outperformed CDW with an annualized return of 60.21%, while CDW has yielded a comparatively lower 13.42% annualized return.
USD
- 1D
- 2.08%
- 1M
- -6.17%
- YTD
- 86.87%
- 6M
- 97.77%
- 1Y
- 222.89%
- 3Y*
- 111.11%
- 5Y*
- 65.02%
- 10Y*
- 60.21%
CDW
- 1D
- 2.37%
- 1M
- 30.16%
- YTD
- -1.88%
- 6M
- -7.79%
- 1Y
- -20.93%
- 3Y*
- -7.68%
- 5Y*
- -3.49%
- 10Y*
- 13.42%
USD vs. CDW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 86.87% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
CDW CDW Corporation | -1.88% | -20.56% | -22.57% | 28.84% | -11.75% | 56.87% | -6.55% | 78.22% | 17.98% | 34.92% |
Correlation
The correlation between USD and CDW is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jun 27, 2013 | 0.49 |
Over the past year, the correlation between USD and CDW has dropped to 0.14 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
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Return for Risk
USD vs. CDW — Risk / Return Rank
USD
CDW
USD vs. CDW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and CDW Corporation (CDW). 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.
| USD | CDW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.77 | ||
| Sortino ratioReturn per unit of downside risk | +3.62 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 0.92 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 6.58 | -0.51 | +7.09 |
| Martin ratioReturn relative to average drawdown | 18.43 | -0.99 | +19.41 |
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Drawdowns
USD vs. CDW - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than CDW's maximum drawdown of -60.37%. Use the drawdown chart below to compare losses from any high point for USD and CDW.
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Drawdown Indicators
| USD | CDW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -60.37% | -28.26% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -44.97% | +13.17% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | -60.37% | -4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | -60.37% | -17.48% |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | -60.37% | -17.48% |
Current DrawdownCurrent decline from peak | -13.67% | -46.93% | +33.26% |
Average DrawdownAverage peak-to-trough decline | -32.32% | -10.99% | -21.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.34% | 23.22% | -11.88% |
Volatility
USD vs. CDW - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 29.56% compared to CDW Corporation (CDW) at 16.66%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than CDW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD | CDW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.56% | 16.66% | +12.90% |
Volatility (6M)Calculated over the trailing 6-month period | 52.44% | 35.93% | +16.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 65.34% | 40.26% | +25.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.19% | 30.99% | +46.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.61% | 30.95% | +38.66% |
Dividends
USD vs. CDW - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.25%, less than CDW's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CDW CDW Corporation | 1.90% | 1.84% | 1.43% | 1.05% | 1.17% | 0.83% | 1.17% | 0.89% | 1.14% | 0.99% | 0.93% | 0.74% |
USD ProShares Ultra Semiconductors | 0.25% | 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
USD and CDW have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (29.56%) compared to CDW (16.66%). In terms of maximum drawdown, USD dropped -88.63% vs CDW's -60.37%.
USD currently has the higher Sharpe Ratio (3.20 vs -0.57), 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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