USD vs. SIVR
USD (ProShares Ultra Semiconductors) and SIVR (abrdn Physical Silver Shares ETF) are both exchange-traded funds - USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%), while SIVR is a Silver fund tracking the LBMA Silver Price ($/ozt). Both are passively managed. Over the past 10 years, USD returned 54.19%/yr vs 10.56%/yr for SIVR. Their 0.16 correlation means their historical movements had little consistent relationship. USD charges 0.95%/yr vs 0.30%/yr for SIVR.
Performance
USD vs. SIVR - Performance Comparison
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Returns By Period
In the year-to-date period, USD achieves a 50.25% return, which is significantly higher than SIVR's -18.61% return. Over the past 10 years, USD has outperformed SIVR with an annualized return of 54.19%, while SIVR has yielded a comparatively lower 10.56% annualized return.
USD
- 1D
- 1.44%
- 1M
- -16.99%
- 6M
- 34.80%
- YTD
- 50.25%
- 1Y
- 84.35%
- 3Y*
- 87.71%
- 5Y*
- 55.02%
- 10Y*
- 54.19%
- ALL TIME*
- 28.07%
SIVR
- 1D
- -2.08%
- 1M
- -2.25%
- 6M
- -30.49%
- YTD
- -18.61%
- 1Y
- 57.47%
- 3Y*
- 33.21%
- 5Y*
- 17.49%
- 10Y*
- 10.56%
- ALL TIME*
- 8.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $49.50M | $48.83M | $86.59M | |
| $68.86M | $72.62M | $95.81M |
USD vs. SIVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 50.25% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -26.88% | 81.72% |
SIVR abrdn Physical Silver Shares ETF | -18.61% | 145.34% | 21.08% | -0.91% | 2.59% | -12.33% | 47.52% | 15.17% | -8.96% | 5.97% |
Correlation
The correlation between USD and SIVR is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.22 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2009 | 0.16 |
The correlation between USD and SIVR shifts across timeframes, from 0.16 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
USD vs. SIVR — Risk / Return Rank
USD
SIVR
USD vs. SIVR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) and abrdn Physical Silver Shares ETF (SIVR). 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 | SIVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 1.10 | +1.05 |
| Martin ratioReturn relative to average drawdown | 6.21 | 2.11 | +4.10 |
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Drawdowns
USD vs. SIVR - Drawdown Comparison
The maximum USD drawdown since its inception was -88.63%, which is greater than SIVR's maximum drawdown of -75.85%. Use the drawdown chart below to compare losses from any high point for USD and SIVR.
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Drawdown Indicators
| USD | SIVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.63% | -75.85% | -12.78% |
Max Drawdown (1Y)Largest decline over 1 year | -39.33% | -52.27% | +12.94% |
Max Drawdown (3Y)Largest decline over 3 years | -64.46% | -52.27% | -12.19% |
Max Drawdown (5Y)Largest decline over 5 years | -77.85% | -52.27% | -25.58% |
Max Drawdown (10Y)Largest decline over 10 years | -77.85% | -52.27% | -25.58% |
Current DrawdownCurrent decline from peak | -30.59% | -50.35% | +19.76% |
Average DrawdownAverage peak-to-trough decline | -32.23% | -47.84% | +15.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.62% | 27.28% | -13.66% |
Volatility
USD vs. SIVR - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 28.19% compared to abrdn Physical Silver Shares ETF (SIVR) at 11.28%. This indicates that USD's price experiences larger fluctuations and is considered to be riskier than SIVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USD | SIVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.19% | 11.28% | +16.91% |
Volatility (6M)Calculated over the trailing 6-month period | 61.13% | 55.47% | +5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.80% | 61.33% | +12.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.73% | 37.00% | +41.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 70.38% | 32.26% | +38.12% |
USD vs. SIVR - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is higher than SIVR's 0.30% expense ratio.
Dividends
USD vs. SIVR - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.39%, while SIVR has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SIVR abrdn Physical Silver Shares ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
USD ProShares Ultra Semiconductors | 0.39% | 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 SIVR have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (28.19%) compared to SIVR (11.28%). In terms of maximum drawdown, USD dropped -88.63% vs SIVR's -75.85%.
On 10-year performance, USD leads with 54.19% vs 10.56% for SIVR. On fees, SIVR is cheaper at 0.30% per year. On volatility, SIVR has been the lower-risk option at 11.28%. 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 54.19% return vs 10.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SIVR is cheaper with a 0.30% expense ratio, compared with 0.95% for USD.
USD has the higher dividend yield at 0.39%, compared with 0.00% for SIVR.
USD is categorized as Leveraged Equities, while SIVR is Silver. USD tracks Dow Jones U.S. Semiconductors Index (200%), while SIVR tracks LBMA Silver Price ($/ozt). They also come from different issuers: ProShares and abrdn. Their fees differ too: 0.95% for USD and 0.30% for SIVR.
USD currently has the higher Sharpe Ratio (1.15 vs 0.94), 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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