UST vs. KO

Last updated Jun 9, 2026

UST (ProShares Ultra 7-10 Year Treasury) is Leveraged Bonds fund tracking the Barclays Capital U.S. 7-10 Year Treasury Index (200%), while KO (The Coca-Cola Company) is a stock. Over the past 10 years, UST returned -2.33%/yr vs 8.99%/yr for KO. At a correlation of -0.08, they often move in opposite directions.

Performance

UST vs. KO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra 7-10 Year Treasury (UST) and The Coca-Cola Company (KO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UST achieves a -3.85% return, which is significantly lower than KO's 14.56% return. Over the past 10 years, UST has underperformed KO with an annualized return of -2.33%, while KO has yielded a comparatively higher 8.99% annualized return.

UST

• 1D: -0.17%
• 1M: -2.60%
• YTD: -3.85%
• 6M: -3.76%
• 1Y: 3.53%
• 3Y*: -0.56%
• 5Y*: -7.13%
• 10Y*: -2.33%

KO

• 1D: 0.08%
• 1M: 1.43%
• YTD: 14.56%
• 6M: 14.00%
• 1Y: 14.71%
• 3Y*: 12.88%
• 5Y*: 10.72%
• 10Y*: 8.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UST vs. KO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UST ProShares Ultra 7-10 Year Treasury	-3.85%	10.26%	-6.19%	0.16%	-30.19%	-7.81%	18.83%	13.34%	-1.09%	3.21%
KO The Coca-Cola Company	14.56%	15.60%	8.88%	-4.43%	10.61%	11.37%	2.47%	20.60%	6.77%	14.38%

Correlation

The correlation between UST and KO is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Feb 3, 2010	-0.08

The correlation between UST and KO shifts across timeframes, from -0.08 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

UST vs. KO — Risk / Return Rank

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

UST

UST Risk / Return Rank: 15
UST Sharpe Ratio Rank: 16
UST Sortino Ratio Rank: 15
UST Omega Ratio Rank: 14
UST Calmar Ratio Rank: 15
UST Martin Ratio Rank: 15

KO

KO Risk / Return Rank: 69
KO Sharpe Ratio Rank: 71
KO Sortino Ratio Rank: 66
KO Omega Ratio Rank: 61
KO Calmar Ratio Rank: 74
KO Martin Ratio Rank: 71

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.

UST vs. KO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra 7-10 Year Treasury (UST) and The Coca-Cola Company (KO). 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.

	UST	KO	Difference
Sharpe ratio: Return per unit of total volatility	0.38	0.90	-0.52
Sortino ratio: Return per unit of downside risk	0.62	1.49	-0.87
Omega ratio: Gain probability vs. loss probability	1.07	1.16	-0.09
Calmar ratio: Return relative to maximum drawdown	0.41	1.87	-1.47
Martin ratio: Return relative to average drawdown	1.14	3.66	-2.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UST vs. KO - Sharpe Ratio Comparison

The current UST Sharpe Ratio is 0.38, which is lower than the KO Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of UST and KO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UST	KO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.38	0.90	-0.52
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.46	0.67	-1.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.18	0.50	-0.67
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.53	-0.34

Drawdowns

UST vs. KO - Drawdown Comparison

The maximum UST drawdown since its inception was -47.99%, smaller than the maximum KO drawdown of -68.23%. Use the drawdown chart below to compare losses from any high point for UST and KO.

Drawdown Indicators

	UST	KO	Difference
Max Drawdown Largest peak-to-trough decline	-47.99%	-68.23%	+20.24%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-7.89%	-0.86%
Max Drawdown (3Y) Largest decline over 3 years	-16.74%	-16.26%	-0.48%
Max Drawdown (5Y) Largest decline over 5 years	-43.97%	-17.27%	-26.70%
Max Drawdown (10Y) Largest decline over 10 years	-47.99%	-36.99%	-11.00%
Current Drawdown Current decline from peak	-38.94%	-2.91%	-36.03%
Average Drawdown Average peak-to-trough decline	-15.14%	-16.09%	+0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	4.03%	-0.92%

Volatility

UST vs. KO - Volatility Comparison

The current volatility for ProShares Ultra 7-10 Year Treasury (UST) is 3.02%, while The Coca-Cola Company (KO) has a volatility of 5.81%. This indicates that UST experiences smaller price fluctuations and is considered to be less risky than KO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UST	KO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	5.81%	-2.79%
Volatility (6M) Calculated over the trailing 6-month period	6.64%	12.37%	-5.73%
Volatility (1Y) Calculated over the trailing 1-year period	9.29%	16.37%	-7.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.47%	16.10%	-0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.18%	18.21%	-5.03%

Dividends

UST vs. KO - Dividend Comparison

UST's dividend yield for the trailing twelve months is around 3.52%, more than KO's 2.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KO The Coca-Cola Company	2.59%	2.92%	3.12%	3.12%	2.77%	2.84%	2.99%	2.89%	3.29%	3.23%	3.38%	3.07%
UST ProShares Ultra 7-10 Year Treasury	3.52%	3.65%	4.09%	3.49%	0.47%	0.27%	0.53%	1.42%	1.71%	0.84%	0.64%	0.75%

Frequently Asked Questions

Can I hold both UST and KO in my portfolio?

UST and KO have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UST or KO?

KO has higher volatility (5.81%) compared to UST (3.02%). In terms of maximum drawdown, UST dropped -47.99% vs KO's -68.23%.

Which has better risk-adjusted returns?

KO currently has the higher Sharpe Ratio (0.90 vs 0.38), 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.