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USML vs. UPRO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between USML and UPRO is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.0
Correlation: 0.8

Performance

USML vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

20.00%40.00%60.00%80.00%100.00%120.00%140.00%December2025FebruaryMarchAprilMay
60.70%
66.92%
USML
UPRO

Key characteristics

Sharpe Ratio

USML:

0.92

UPRO:

0.14

Sortino Ratio

USML:

1.36

UPRO:

0.60

Omega Ratio

USML:

1.20

UPRO:

1.09

Calmar Ratio

USML:

1.22

UPRO:

0.17

Martin Ratio

USML:

4.41

UPRO:

0.57

Ulcer Index

USML:

5.28%

UPRO:

14.16%

Daily Std Dev

USML:

25.34%

UPRO:

57.26%

Max Drawdown

USML:

-35.34%

UPRO:

-76.82%

Current Drawdown

USML:

-6.41%

UPRO:

-30.43%

Returns By Period

In the year-to-date period, USML achieves a 6.17% return, which is significantly higher than UPRO's -22.07% return.


USML

YTD

6.17%

1M

-3.80%

6M

2.57%

1Y

25.88%

5Y*

N/A

10Y*

N/A

UPRO

YTD

-22.07%

1M

-7.64%

6M

-16.19%

1Y

14.75%

5Y*

32.48%

10Y*

19.79%

*Annualized

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USML vs. UPRO - Expense Ratio Comparison

USML has a 0.95% expense ratio, which is higher than UPRO's 0.92% expense ratio.


Expense ratio chart for USML: current value is 0.95%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
USML: 0.95%
Expense ratio chart for UPRO: current value is 0.92%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
UPRO: 0.92%

Risk-Adjusted Performance

USML vs. UPRO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

USML
The Risk-Adjusted Performance Rank of USML is 8080
Overall Rank
The Sharpe Ratio Rank of USML is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of USML is 7777
Sortino Ratio Rank
The Omega Ratio Rank of USML is 7979
Omega Ratio Rank
The Calmar Ratio Rank of USML is 8585
Calmar Ratio Rank
The Martin Ratio Rank of USML is 8181
Martin Ratio Rank

UPRO
The Risk-Adjusted Performance Rank of UPRO is 3636
Overall Rank
The Sharpe Ratio Rank of UPRO is 2828
Sharpe Ratio Rank
The Sortino Ratio Rank of UPRO is 4343
Sortino Ratio Rank
The Omega Ratio Rank of UPRO is 4444
Omega Ratio Rank
The Calmar Ratio Rank of UPRO is 3333
Calmar Ratio Rank
The Martin Ratio Rank of UPRO is 3131
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

USML vs. UPRO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) and ProShares UltraPro S&P 500 (UPRO). 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.


The chart of Sharpe ratio for USML, currently valued at 0.92, compared to the broader market-1.000.001.002.003.004.00
USML: 0.92
UPRO: 0.14
The chart of Sortino ratio for USML, currently valued at 1.36, compared to the broader market-2.000.002.004.006.008.00
USML: 1.36
UPRO: 0.60
The chart of Omega ratio for USML, currently valued at 1.20, compared to the broader market0.501.001.502.002.50
USML: 1.20
UPRO: 1.09
The chart of Calmar ratio for USML, currently valued at 1.22, compared to the broader market0.002.004.006.008.0010.00
USML: 1.22
UPRO: 0.17
The chart of Martin ratio for USML, currently valued at 4.41, compared to the broader market0.0020.0040.0060.00
USML: 4.41
UPRO: 0.57

The current USML Sharpe Ratio is 0.92, which is higher than the UPRO Sharpe Ratio of 0.14. The chart below compares the historical Sharpe Ratios of USML and UPRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.004.00December2025FebruaryMarchAprilMay
0.92
0.14
USML
UPRO

Dividends

USML vs. UPRO - Dividend Comparison

USML has not paid dividends to shareholders, while UPRO's dividend yield for the trailing twelve months is around 1.29%.


TTM20242023202220212020201920182017201620152014
USML
ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
UPRO
ProShares UltraPro S&P 500
1.29%0.93%0.74%0.52%0.06%0.11%0.41%0.63%0.00%0.12%0.34%0.22%

Drawdowns

USML vs. UPRO - Drawdown Comparison

The maximum USML drawdown since its inception was -35.34%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for USML and UPRO. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2025FebruaryMarchAprilMay
-6.41%
-30.43%
USML
UPRO

Volatility

USML vs. UPRO - Volatility Comparison

The current volatility for ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) is 18.62%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 41.19%. This indicates that USML experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%December2025FebruaryMarchAprilMay
18.62%
41.19%
USML
UPRO