UXI vs. SPY
Compare and contrast key facts about ProShares Ultra Industrials (UXI) and State Street SPDR S&P 500 ETF (SPY).
UXI and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UXI is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Industrials Index (200%). It was launched on Jan 30, 2007. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both UXI and SPY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
UXI vs. SPY - Performance Comparison
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UXI vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UXI ProShares Ultra Industrials | 6.54% | 28.84% | 26.48% | 27.34% | -32.90% | 34.64% | 16.37% | 67.44% | -28.13% | 51.81% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, UXI achieves a 6.54% return, which is significantly higher than SPY's -4.37% return. Over the past 10 years, UXI has outperformed SPY with an annualized return of 18.08%, while SPY has yielded a comparatively lower 13.98% annualized return.
UXI
- 1D
- 6.35%
- 1M
- -16.89%
- YTD
- 6.54%
- 6M
- 6.52%
- 1Y
- 41.43%
- 3Y*
- 28.34%
- 5Y*
- 10.80%
- 10Y*
- 18.08%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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UXI vs. SPY - Expense Ratio Comparison
UXI has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
UXI vs. SPY — Risk / Return Rank
UXI
SPY
UXI vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Industrials (UXI) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 0.93 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.60 | 1.45 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.53 | +0.24 |
Martin ratioReturn relative to average drawdown | 6.59 | 7.30 | -0.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| UXI | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 0.93 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.69 | -0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.78 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.56 | -0.29 |
Correlation
The correlation between UXI and SPY is 0.84, 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.
Dividends
UXI vs. SPY - Dividend Comparison
UXI's dividend yield for the trailing twelve months is around 0.77%, less than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UXI ProShares Ultra Industrials | 0.77% | 0.90% | 0.18% | 0.21% | 0.24% | 0.03% | 0.29% | 0.58% | 0.37% | 0.24% | 0.38% | 0.41% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
UXI vs. SPY - Drawdown Comparison
The maximum UXI drawdown since its inception was -89.01%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for UXI and SPY.
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Drawdown Indicators
| UXI | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.01% | -55.19% | -33.82% |
Max Drawdown (1Y)Largest decline over 1 year | -24.52% | -12.05% | -12.47% |
Max Drawdown (5Y)Largest decline over 5 years | -48.25% | -24.50% | -23.75% |
Max Drawdown (10Y)Largest decline over 10 years | -66.48% | -33.72% | -32.76% |
Current DrawdownCurrent decline from peak | -18.74% | -6.24% | -12.50% |
Average DrawdownAverage peak-to-trough decline | -22.74% | -9.09% | -13.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.56% | 2.52% | +4.04% |
Volatility
UXI vs. SPY - Volatility Comparison
ProShares Ultra Industrials (UXI) has a higher volatility of 13.07% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that UXI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UXI | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.07% | 5.31% | +7.76% |
Volatility (6M)Calculated over the trailing 6-month period | 23.39% | 9.47% | +13.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.30% | 19.05% | +20.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.50% | 17.06% | +18.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.21% | 17.92% | +21.29% |