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UWM vs. TNA
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between UWM and TNA is 1.00, 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.


-0.50.00.51.01.0

Performance

UWM vs. TNA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Russell2000 (UWM) and Direxion Daily Small Cap Bull 3X Shares (TNA). The values are adjusted to include any dividend payments, if applicable.

200.00%300.00%400.00%500.00%600.00%700.00%800.00%JulyAugustSeptemberOctoberNovemberDecember
652.95%
318.33%
UWM
TNA

Key characteristics

Sharpe Ratio

UWM:

0.42

TNA:

0.26

Sortino Ratio

UWM:

0.87

TNA:

0.80

Omega Ratio

UWM:

1.10

TNA:

1.10

Calmar Ratio

UWM:

0.36

TNA:

0.23

Martin Ratio

UWM:

2.04

TNA:

1.22

Ulcer Index

UWM:

8.57%

TNA:

13.37%

Daily Std Dev

UWM:

41.50%

TNA:

62.24%

Max Drawdown

UWM:

-88.21%

TNA:

-88.09%

Current Drawdown

UWM:

-34.86%

TNA:

-60.73%

Returns By Period

In the year-to-date period, UWM achieves a 12.61% return, which is significantly higher than TNA's 9.32% return. Over the past 10 years, UWM has outperformed TNA with an annualized return of 6.89%, while TNA has yielded a comparatively lower 0.90% annualized return.


UWM

YTD

12.61%

1M

-10.75%

6M

17.49%

1Y

11.76%

5Y*

2.21%

10Y*

6.89%

TNA

YTD

9.32%

1M

-16.09%

6M

21.05%

1Y

7.79%

5Y*

-9.65%

10Y*

0.90%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


UWM vs. TNA - Expense Ratio Comparison

UWM has a 0.95% expense ratio, which is lower than TNA's 1.14% expense ratio.


TNA
Direxion Daily Small Cap Bull 3X Shares
Expense ratio chart for TNA: current value at 1.14% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.14%
Expense ratio chart for UWM: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Risk-Adjusted Performance

UWM vs. TNA - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Russell2000 (UWM) and Direxion Daily Small Cap Bull 3X Shares (TNA). 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.


Sharpe ratio
The chart of Sharpe ratio for UWM, currently valued at 0.42, compared to the broader market0.002.004.000.420.26
The chart of Sortino ratio for UWM, currently valued at 0.87, compared to the broader market-2.000.002.004.006.008.0010.000.870.80
The chart of Omega ratio for UWM, currently valued at 1.10, compared to the broader market0.501.001.502.002.503.001.101.10
The chart of Calmar ratio for UWM, currently valued at 0.36, compared to the broader market0.005.0010.0015.000.360.23
The chart of Martin ratio for UWM, currently valued at 2.04, compared to the broader market0.0020.0040.0060.0080.00100.002.041.22
UWM
TNA

The current UWM Sharpe Ratio is 0.42, which is higher than the TNA Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of UWM and TNA, 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 Ratio0.000.501.001.502.00JulyAugustSeptemberOctoberNovemberDecember
0.42
0.26
UWM
TNA

Dividends

UWM vs. TNA - Dividend Comparison

UWM's dividend yield for the trailing twelve months is around 0.71%, more than TNA's 0.49% yield.


TTM20232022202120202019201820172016201520142013
UWM
ProShares Ultra Russell2000
0.71%0.34%0.40%0.00%0.07%0.55%0.41%0.11%0.38%0.24%0.11%0.00%
TNA
Direxion Daily Small Cap Bull 3X Shares
0.49%1.27%0.31%0.06%0.03%0.44%0.36%0.15%0.00%0.00%0.59%1.53%

Drawdowns

UWM vs. TNA - Drawdown Comparison

The maximum UWM drawdown since its inception was -88.21%, roughly equal to the maximum TNA drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for UWM and TNA. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%JulyAugustSeptemberOctoberNovemberDecember
-34.86%
-60.73%
UWM
TNA

Volatility

UWM vs. TNA - Volatility Comparison

The current volatility for ProShares Ultra Russell2000 (UWM) is 12.27%, while Direxion Daily Small Cap Bull 3X Shares (TNA) has a volatility of 18.78%. This indicates that UWM experiences smaller price fluctuations and is considered to be less risky than TNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


10.00%15.00%20.00%25.00%30.00%JulyAugustSeptemberOctoberNovemberDecember
12.27%
18.78%
UWM
TNA
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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