UYG vs. UWM
Compare and contrast key facts about ProShares Ultra Financials (UYG) and ProShares Ultra Russell2000 (UWM).
UYG and UWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Financials Index (200%). It was launched on Jan 30, 2007. UWM is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (200%). It was launched on Jan 25, 2007. Both UYG and UWM 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: UYG or UWM.
Correlation
The correlation between UYG and UWM 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.
Performance
UYG vs. UWM - Performance Comparison
Key characteristics
UYG:
0.65
UWM:
-0.28
UYG:
1.12
UWM:
-0.09
UYG:
1.16
UWM:
0.99
UYG:
0.67
UWM:
-0.22
UYG:
3.18
UWM:
-0.79
UYG:
8.25%
UWM:
17.16%
UYG:
40.27%
UWM:
48.16%
UYG:
-97.90%
UWM:
-88.21%
UYG:
-19.90%
UWM:
-52.43%
Returns By Period
In the year-to-date period, UYG achieves a -4.87% return, which is significantly higher than UWM's -26.12% return. Over the past 10 years, UYG has outperformed UWM with an annualized return of 14.18%, while UWM has yielded a comparatively lower 2.70% annualized return.
UYG
-4.87%
-10.87%
1.01%
28.04%
28.35%
14.18%
UWM
-26.12%
-13.07%
-25.85%
-11.59%
11.50%
2.70%
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UYG vs. UWM - Expense Ratio Comparison
Both UYG and UWM have an expense ratio of 0.95%.
Risk-Adjusted Performance
UYG vs. UWM — Risk-Adjusted Performance Rank
UYG
UWM
UYG vs. UWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Financials (UYG) and ProShares Ultra Russell2000 (UWM). 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
UYG vs. UWM - Dividend Comparison
UYG's dividend yield for the trailing twelve months is around 0.82%, less than UWM's 1.64% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UYG ProShares Ultra Financials | 0.82% | 0.51% | 0.79% | 0.77% | 4.82% | 0.66% | 0.89% | 1.28% | 0.56% | 0.76% | 0.72% | 0.57% |
UWM ProShares Ultra Russell2000 | 1.64% | 1.16% | 0.34% | 0.40% | 0.00% | 0.07% | 0.55% | 0.41% | 0.11% | 0.38% | 0.24% | 0.11% |
Drawdowns
UYG vs. UWM - Drawdown Comparison
The maximum UYG drawdown since its inception was -97.90%, which is greater than UWM's maximum drawdown of -88.21%. Use the drawdown chart below to compare losses from any high point for UYG and UWM. For additional features, visit the drawdowns tool.
Volatility
UYG vs. UWM - Volatility Comparison
ProShares Ultra Financials (UYG) and ProShares Ultra Russell2000 (UWM) have volatilities of 27.34% and 28.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.