USD vs. MSFT
USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), while MSFT (Microsoft Corporation) is a stock. Over the past 10 years, USD returned 58.18%/yr vs 23.28%/yr for MSFT. A 0.60 correlation means they provide meaningful diversification when combined.
Performance
USD vs. MSFT - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 81.18% return, which is significantly higher than MSFT's -20.05% return. Over the past 10 years, USD has outperformed MSFT with an annualized return of 58.18%, while MSFT has yielded a comparatively lower 23.28% annualized return.
USD
- 1D
- 6.38%
- 1M
- -3.04%
- 6M
- 68.72%
- YTD
- 81.18%
- 1Y
- 145.11%
- 3Y*
- 104.08%
- 5Y*
- 63.45%
- 10Y*
- 58.18%
MSFT
- 1D
- -1.55%
- 1M
- -1.49%
- 6M
- -17.85%
- YTD
- -20.05%
- 1Y
- -22.86%
- 3Y*
- 4.51%
- 5Y*
- 7.37%
- 10Y*
- 23.28%
USD vs. MSFT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 81.18% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
MSFT Microsoft Corporation | -20.05% | 15.58% | 12.93% | 58.19% | -28.02% | 52.48% | 42.53% | 57.56% | 20.80% | 40.73% |
Correlation
The correlation between USD and MSFT is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.60 |
Over the past year, the correlation between USD and MSFT has dropped to 0.25 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
USD vs. MSFT — Risk / Return Rank
USD
MSFT
USD vs. MSFT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and Microsoft Corporation (MSFT). 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 | MSFT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.91 | ||
| Sortino ratioReturn per unit of downside risk | +3.43 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.86 | +0.45 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | -0.67 | +5.26 |
| Martin ratioReturn relative to average drawdown | 11.97 | -1.24 | +13.21 |
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Drawdowns
USD vs. MSFT - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than MSFT's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for USD and MSFT.
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Drawdown Indicators
| USD | MSFT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -69.38% | -19.25% |
Max Drawdown (1Y)Largest decline over 1 year | -31.80% | -34.50% | +2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | -34.50% | -29.96% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | -37.15% | -40.70% |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | -37.15% | -40.70% |
Current DrawdownCurrent decline from peak | -16.30% | -28.54% | +12.24% |
Average DrawdownAverage peak-to-trough decline | -32.25% | -21.80% | -10.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.17% | 18.45% | -6.28% |
Volatility
USD vs. MSFT - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 31.36% compared to Microsoft Corporation (MSFT) at 10.59%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD | MSFT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.36% | 10.59% | +20.77% |
Volatility (6M)Calculated over the trailing 6-month period | 57.84% | 24.27% | +33.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.75% | 27.17% | +43.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.26% | 27.02% | +51.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.08% | 27.18% | +42.90% |
Dividends
USD vs. MSFT - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.32%, less than MSFT's 0.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSFT Microsoft Corporation | 0.92% | 0.70% | 0.73% | 0.74% | 1.06% | 0.68% | 0.94% | 1.20% | 1.69% | 1.86% | 2.37% | 2.33% |
USD ProShares Ultra Semiconductors | 0.32% | 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 MSFT have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (31.36%) compared to MSFT (10.59%). In terms of maximum drawdown, USD dropped -88.63% vs MSFT's -69.38%.
USD currently has the higher Sharpe Ratio (2.06 vs -0.84), 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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