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USD vs. IWF
Performance
Return for Risk
Drawdowns
Volatility
Dividends

USD vs. IWF

Last updated Jun 14, 2026

USD (ProShares Ultra Semiconductors) and IWF (iShares Russell 1000 Growth ETF) are both exchange-traded funds - USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), while IWF is a Large Cap Growth Equities fund tracking the Russell 1000 Growth Index. Both are passively managed. Over the past 10 years, USD returned 60.21%/yr vs 18.17%/yr for IWF. A 0.80 correlation means they provide meaningful diversification when combined. USD charges 0.95%/yr vs 0.18%/yr for IWF.

Performance

USD vs. IWF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Semiconductors (USD) and iShares Russell 1000 Growth ETF (IWF). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, USD achieves a 86.87% return, which is significantly higher than IWF's 2.87% return. Over the past 10 years, USD has outperformed IWF with an annualized return of 60.21%, while IWF has yielded a comparatively lower 18.17% annualized return.

USD

1D
2.08%
1M
2.49%
YTD
86.87%
6M
97.77%
1Y
222.89%
3Y*
111.11%
5Y*
65.02%
10Y*
60.21%

IWF

1D
0.03%
1M
-2.22%
YTD
2.87%
6M
3.39%
1Y
20.40%
3Y*
22.33%
5Y*
13.90%
10Y*
18.17%
*Multi-year figures are annualized to reflect compound growth (CAGR)

USD vs. IWF - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
USD
ProShares Ultra Semiconductors		86.87%62.08%139.64%228.79%-68.57%104.27%68.16%110.37%-26.88%81.72%
IWF
iShares Russell 1000 Growth ETF		2.87%18.33%33.12%42.59%-29.31%27.43%38.25%35.86%-1.67%29.95%

Correlation

The correlation between USD and IWF is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.81

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (10Y)
Calculated over the trailing 10-year period

0.81

Correlation (All Time)
Calculated using the full available price history since Feb 1, 2007

0.80

The correlation between USD and IWF has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.

USD vs. IWF - Sectors Allocation Comparison

Sectors
USD
IWF

Financial Services

32.1%
5.0%

Technology

29.1%
53.9%

Energy

0.0%
0.3%

Basic Materials

-

0.3%

Communication Services

-

12.4%

Consumer Cyclical

-

12.7%

Consumer Defensive

-

2.4%

Healthcare

-

6.9%

Industrials

-

5.4%

Real Estate

-

0.4%

Utilities

-

0.3%

Financial Services

USD
32.1%
IWF
5.0%

Technology

USD
29.1%
IWF
53.9%

Energy

USD
0.0%
IWF
0.3%

Basic Materials

USD

-

IWF
0.3%

Communication Services

USD

-

IWF
12.4%

Consumer Cyclical

USD

-

IWF
12.7%

Consumer Defensive

USD

-

IWF
2.4%

Healthcare

USD

-

IWF
6.9%

Industrials

USD

-

IWF
5.4%

Real Estate

USD

-

IWF
0.4%

Utilities

USD

-

IWF
0.3%

Compare stocks, funds, or ETFs

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ProShares Ultra Semiconductors

iShares Russell 1000 Growth ETF

Often compared with USD:
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Often compared with IWF:
IWF vs. IWDIWF vs. VUGIWF vs. SPYIWF vs. VOOIWF vs. IWMIWF vs. VONGIWF vs. IWY

Return for Risk

USD vs. IWF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
USD
USD Risk / Return Rank: 8888
Overall Rank
USD Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
USD Sortino Ratio Rank: 7979
Sortino Ratio Rank
USD Omega Ratio Rank: 8181
Omega Ratio Rank
USD Calmar Ratio Rank: 9595
Calmar Ratio Rank
USD Martin Ratio Rank: 9191
Martin Ratio Rank
IWF
IWF Risk / Return Rank: 3333
Overall Rank
IWF Sharpe Ratio Rank: 3838
Sharpe Ratio Rank
IWF Sortino Ratio Rank: 3535
Sortino Ratio Rank
IWF Omega Ratio Rank: 3636
Omega Ratio Rank
IWF Calmar Ratio Rank: 2727
Calmar Ratio Rank
IWF Martin Ratio Rank: 3030
Martin Ratio Rank
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.

USD vs. IWF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and iShares Russell 1000 Growth ETF (IWF). 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.

USDIWFDifference
Sharpe ratioReturn per unit of total volatility
3.20
1.19

+2.01

Sortino ratioReturn per unit of downside risk
3.05
1.66

+1.38

Omega ratioGain probability vs. loss probability

1.41

1.21

+0.20

Calmar ratioReturn relative to maximum drawdown

6.58

1.16

+5.41

Martin ratioReturn relative to average drawdown

18.43

3.83

+14.59

USD vs. IWF - Sharpe Ratio Comparison

The current USD Sharpe Ratio is 3.20, which is higher than the IWF Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of USD and IWF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

USD vs. IWF - Drawdown Comparison

The maximum USD drawdown since its inception was -88.63%, which is greater than IWF's maximum drawdown of -64.25%. Use the drawdown chart below to compare losses from any high point for USD and IWF.

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Drawdown Indicators

USDIWFDifference

Max Drawdown

Largest peak-to-trough decline

-88.63%

-64.25%

-24.38%

Max Drawdown (1Y)

Largest decline over 1 year

-31.80%

-16.27%

-15.53%

Max Drawdown (3Y)

Largest decline over 3 years

-64.46%

-23.36%

-41.10%

Max Drawdown (5Y)

Largest decline over 5 years

-77.85%

-32.72%

-45.13%

Max Drawdown (10Y)

Largest decline over 10 years

-77.85%

-32.72%

-45.13%

Current Drawdown

Current decline from peak

-13.67%

-5.56%

-8.11%

Average Drawdown

Average peak-to-trough decline

-32.32%

-22.06%

-10.26%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.34%

4.93%

+6.41%

Volatility

USD vs. IWF - Volatility Comparison

ProShares Ultra Semiconductors (USD) has a higher volatility of 29.56% compared to iShares Russell 1000 Growth ETF (IWF) at 5.36%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than IWF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

USDIWFDifference

Volatility (1M)

Calculated over the trailing 1-month period

29.56%

5.36%

+24.20%

Volatility (6M)

Calculated over the trailing 6-month period

52.44%

12.40%

+40.04%

Volatility (1Y)

Calculated over the trailing 1-year period

65.34%

15.95%

+49.39%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

77.19%

21.46%

+55.73%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

69.61%

21.00%

+48.61%

USD vs. IWF - Expense Ratio Comparison

USD has a 0.95% expense ratio, which is higher than IWF's 0.18% expense ratio.

Dividends

USD vs. IWF - Dividend Comparison

USD's dividend yield for the trailing twelve months is around 0.25%, less than IWF's 0.35% yield.

PositionTTM20252024202320222021202020192018201720162015
IWF
iShares Russell 1000 Growth ETF		0.35%0.36%0.46%0.67%0.91%0.49%0.66%0.99%1.27%1.10%1.43%1.37%
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 IWF have a correlation of 0.78, 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 IWF (5.36%). In terms of maximum drawdown, USD dropped -88.63% vs IWF's -64.25%.

On 10-year performance, USD leads with 60.21% vs 18.17% for IWF. On fees, IWF is cheaper at 0.18% per year. On volatility, IWF has been the lower-risk option at 5.36%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, USD has performed better with a 60.21% return vs 18.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWF is cheaper with a 0.18% expense ratio, compared with 0.95% for USD.

IWF has the higher dividend yield at 0.35%, compared with 0.25% for USD.

USD is categorized as Leveraged Equities, while IWF is Large Cap Growth Equities. USD tracks Dow Jones U.S. Semiconductors Index (200%), while IWF tracks Russell 1000 Growth Index. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for USD and 0.18% for IWF.

USD currently has the higher Sharpe Ratio (3.20 vs 1.19), 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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