UXI vs. OOQB
UXI (ProShares Ultra Industrials) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - UXI is a Leveraged Equities fund tracking the Dow Jones U.S. Industrials Index (200%), while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. UXI is passively managed, while OOQB is actively managed. Over the past year, UXI returned 38.90% vs -27.35% for OOQB. A 0.51 correlation means they provide meaningful diversification when combined. UXI charges 0.95%/yr vs 0.75%/yr for OOQB.
Performance
UXI vs. OOQB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, UXI achieves a 21.82% return, which is significantly higher than OOQB's -18.43% return.
UXI
- 1D
- 0.07%
- 1M
- 3.06%
- YTD
- 21.82%
- 6M
- 23.67%
- 1Y
- 38.90%
- 3Y*
- 35.05%
- 5Y*
- 11.54%
- 10Y*
- 19.32%
OOQB
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -18.43%
- 6M
- -24.99%
- 1Y
- -27.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UXI vs. OOQB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UXI ProShares Ultra Industrials | 21.82% | 17.84% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -18.43% | -13.30% |
Correlation
The correlation between UXI and OOQB is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.51 |
The correlation between UXI and OOQB has been stable across timeframes, ranging from 0.45 to 0.51 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
UXI vs. OOQB — Risk / Return Rank
UXI
OOQB
UXI vs. OOQB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Industrials (UXI) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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.
| UXI | OOQB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.94 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | -0.51 | +2.17 |
| Martin ratioReturn relative to average drawdown | 5.93 | -0.91 | +6.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| UXI | OOQB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.27 | -0.53 | +1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | -0.41 | +0.70 |
Drawdowns
UXI vs. OOQB - Drawdown Comparison
The maximum UXI drawdown since its inception was -89.01%, which is greater than OOQB's maximum drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for UXI and OOQB.
Loading charts...
Drawdown Indicators
| UXI | OOQB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.01% | -53.44% | -35.57% |
Max Drawdown (1Y)Largest decline over 1 year | -23.59% | -53.44% | +29.85% |
Max Drawdown (3Y)Largest decline over 3 years | -36.42% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -48.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -66.48% | — | — |
Current DrawdownCurrent decline from peak | -7.08% | -43.69% | +36.61% |
Average DrawdownAverage peak-to-trough decline | -22.61% | -23.26% | +0.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.57% | 30.11% | -23.54% |
Volatility
UXI vs. OOQB - Volatility Comparison
ProShares Ultra Industrials (UXI) has a higher volatility of 9.86% compared to Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) at 0.00%. This indicates that UXI's price experiences larger fluctuations and is considered to be riskier than OOQB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| UXI | OOQB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.86% | 0.00% | +9.86% |
Volatility (6M)Calculated over the trailing 6-month period | 25.69% | 39.39% | -13.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.91% | 51.57% | -20.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.90% | 58.12% | -22.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.42% | 58.12% | -18.70% |
UXI vs. OOQB - Expense Ratio Comparison
UXI has a 0.95% expense ratio, which is higher than OOQB's 0.75% expense ratio.
Dividends
UXI vs. OOQB - Dividend Comparison
UXI's dividend yield for the trailing twelve months is around 0.67%, less than OOQB's 11.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 11.62% | 9.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UXI ProShares Ultra Industrials | 0.67% | 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 OOQB have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UXI has higher volatility (9.86%) compared to OOQB (0.00%). In terms of maximum drawdown, UXI dropped -89.01% vs OOQB's -53.44%.
On 1-year performance, UXI leads with 38.90% vs -27.35% for OOQB. On fees, OOQB is cheaper at 0.75% per year. On volatility, OOQB has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UXI has performed better with a 38.90% return vs -27.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OOQB is cheaper with a 0.75% expense ratio, compared with 0.95% for UXI.
OOQB has the higher dividend yield at 11.62%, compared with 0.67% for UXI.
UXI is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 0.95% for UXI and 0.75% for OOQB.
UXI currently has the higher Sharpe Ratio (1.27 vs -0.53), 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.
Find the right allocation for UXI and OOQB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer