UTEN vs. UPRO
Compare and contrast key facts about US Treasury 10 Year Note ETF (UTEN) and ProShares UltraPro S&P 500 (UPRO).
UTEN and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UTEN is a passively managed fund by US Benchmark Series that tracks the performance of the ICE BofA Current 10 Year US Treasury Index - Benchmark TR Gross. It was launched on Aug 8, 2022. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. Both UTEN and UPRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: UTEN or UPRO.
Key characteristics
| UTEN | UPRO | |
|---|---|---|
| YTD Return | -0.11% | 76.25% |
| 1Y Return | 6.60% | 129.67% |
| Sharpe Ratio | 0.70 | 3.36 |
| Sortino Ratio | 1.04 | 3.60 |
| Omega Ratio | 1.12 | 1.50 |
| Calmar Ratio | 0.50 | 2.75 |
| Martin Ratio | 1.99 | 20.54 |
| Ulcer Index | 2.73% | 6.03% |
| Daily Std Dev | 7.74% | 36.85% |
| Max Drawdown | -13.36% | -76.82% |
| Current Drawdown | -4.98% | 0.00% |
Correlation
The correlation between UTEN and UPRO is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
UTEN vs. UPRO - Performance Comparison
In the year-to-date period, UTEN achieves a -0.11% return, which is significantly lower than UPRO's 76.25% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UTEN vs. UPRO - Expense Ratio Comparison
UTEN has a 0.15% expense ratio, which is lower than UPRO's 0.92% expense ratio.
Risk-Adjusted Performance
UTEN vs. UPRO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for US Treasury 10 Year Note ETF (UTEN) 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.
Dividends
UTEN vs. UPRO - Dividend Comparison
UTEN's dividend yield for the trailing twelve months is around 4.09%, more than UPRO's 0.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UTEN US Treasury 10 Year Note ETF | 4.09% | 3.62% | 1.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UPRO ProShares UltraPro S&P 500 | 0.72% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
Drawdowns
UTEN vs. UPRO - Drawdown Comparison
The maximum UTEN drawdown since its inception was -13.36%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for UTEN and UPRO. For additional features, visit the drawdowns tool.
Volatility
UTEN vs. UPRO - Volatility Comparison
The current volatility for US Treasury 10 Year Note ETF (UTEN) is 2.34%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 11.82%. This indicates that UTEN 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.