UXI vs. FAAR
UXI (ProShares Ultra Industrials) and FAAR (First Trust Alternative Absolute Return Strategy ETF) are both exchange-traded funds - UXI is a Leveraged Equities fund tracking the Dow Jones U.S. Industrials Index (200%), while FAAR is a Commodities fund actively managed by First Trust. UXI is passively managed, while FAAR is actively managed. Over the past 10 years, UXI returned 20.70%/yr vs 4.54%/yr for FAAR. At a 0.06 correlation, their price movements are largely independent. Both charge a 0.95% expense ratio.
Performance
UXI vs. FAAR - Performance Comparison
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Returns By Period
In the year-to-date period, UXI achieves a 30.12% return, which is significantly higher than FAAR's 17.40% return. Over the past 10 years, UXI has outperformed FAAR with an annualized return of 20.70%, while FAAR has yielded a comparatively lower 4.54% annualized return.
UXI
- 1D
- 1.85%
- 1M
- 9.76%
- YTD
- 30.12%
- 6M
- 26.13%
- 1Y
- 45.24%
- 3Y*
- 35.89%
- 5Y*
- 13.50%
- 10Y*
- 20.70%
FAAR
- 1D
- -1.46%
- 1M
- -6.59%
- YTD
- 17.40%
- 6M
- 17.10%
- 1Y
- 28.26%
- 3Y*
- 10.03%
- 5Y*
- 7.50%
- 10Y*
- 4.54%
UXI vs. FAAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UXI ProShares Ultra Industrials | 30.12% | 28.84% | 26.48% | 27.34% | -32.90% | 34.64% | 16.37% | 67.44% | -28.13% | 51.81% |
FAAR First Trust Alternative Absolute Return Strategy ETF | 17.40% | 8.07% | 5.97% | -5.63% | 10.15% | 12.34% | 8.60% | -1.28% | -9.17% | 5.00% |
Correlation
The correlation between UXI and FAAR is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.06 |
The correlation between UXI and FAAR shifts across timeframes, from -0.06 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UXI vs. FAAR — Risk / Return Rank
UXI
FAAR
UXI vs. FAAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Industrials (UXI) and First Trust Alternative Absolute Return Strategy ETF (FAAR). 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.
| UXI | FAAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 3.71 | -1.78 |
| Martin ratioReturn relative to average drawdown | 6.79 | 14.66 | -7.87 |
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Drawdowns
UXI vs. FAAR - Drawdown Comparison
The maximum UXI drawdown since its inception was -89.01%, which is greater than FAAR's maximum drawdown of -18.03%. Use the drawdown chart below to compare losses from any high point for UXI and FAAR.
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Drawdown Indicators
| UXI | FAAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.01% | -18.03% | -70.98% |
Max Drawdown (1Y)Largest decline over 1 year | -23.59% | -7.66% | -15.93% |
Max Drawdown (3Y)Largest decline over 3 years | -36.42% | -11.54% | -24.88% |
Max Drawdown (5Y)Largest decline over 5 years | -48.25% | -18.03% | -30.22% |
Max Drawdown (10Y)Largest decline over 10 years | -66.48% | -18.03% | -48.45% |
Current DrawdownCurrent decline from peak | -1.80% | -7.66% | +5.86% |
Average DrawdownAverage peak-to-trough decline | -22.55% | -7.82% | -14.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.68% | 1.93% | +4.75% |
Volatility
UXI vs. FAAR - Volatility Comparison
ProShares Ultra Industrials (UXI) has a higher volatility of 12.19% compared to First Trust Alternative Absolute Return Strategy ETF (FAAR) at 2.82%. This indicates that UXI's price experiences larger fluctuations and is considered to be riskier than FAAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UXI | FAAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.19% | 2.82% | +9.37% |
Volatility (6M)Calculated over the trailing 6-month period | 27.22% | 9.80% | +17.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.56% | 13.30% | +19.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.13% | 12.97% | +23.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.49% | 11.55% | +27.94% |
UXI vs. FAAR - Expense Ratio Comparison
Both UXI and FAAR have an expense ratio of 0.95%.
Dividends
UXI vs. FAAR - Dividend Comparison
UXI's dividend yield for the trailing twelve months is around 0.63%, less than FAAR's 9.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAAR First Trust Alternative Absolute Return Strategy ETF | 9.80% | 11.63% | 3.45% | 3.20% | 5.82% | 6.49% | 3.05% | 1.02% | 0.58% | 2.83% | 0.00% | 0.00% |
UXI ProShares Ultra Industrials | 0.63% | 0.90% | 0.18% | 0.21% | 0.24% | 0.03% | 0.29% | 0.58% | 0.37% | 0.24% | 0.38% | 0.41% |
Frequently Asked Questions
UXI and FAAR have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UXI has higher volatility (12.19%) compared to FAAR (2.82%). In terms of maximum drawdown, UXI dropped -89.01% vs FAAR's -18.03%.
On 10-year performance, UXI leads with 20.70% vs 4.54% for FAAR. Both ETFs have the same 0.95% expense ratio. On volatility, FAAR has been the lower-risk option at 2.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, UXI has performed better with a 20.70% return vs 4.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UXI and FAAR have the same expense ratio: 0.95% per year.
FAAR has the higher dividend yield at 9.80%, compared with 0.63% for UXI.
UXI is categorized as Leveraged Equities, while FAAR is Commodities. They also come from different issuers: ProShares and First Trust.
FAAR currently has the higher Sharpe Ratio (2.15 vs 1.40), 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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