UYM vs. FXZ
Compare and contrast key facts about ProShares Ultra Basic Materials (UYM) and First Trust Materials AlphaDEX Fund (FXZ).
UYM and FXZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UYM is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Basic Materials Index (200%). It was launched on Jan 30, 2007. FXZ is a passively managed fund by First Trust that tracks the performance of the StrataQuant Materials Index. It was launched on May 8, 2007. Both UYM and FXZ 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: UYM or FXZ.
Key characteristics
| UYM | FXZ | |
|---|---|---|
| YTD Return | 16.14% | -3.21% |
| 1Y Return | 44.80% | 12.38% |
| 3Y Return (Ann) | 2.51% | 3.73% |
| 5Y Return (Ann) | 14.43% | 12.62% |
| 10Y Return (Ann) | 9.01% | 9.12% |
| Sharpe Ratio | 1.58 | 0.61 |
| Sortino Ratio | 2.11 | 0.98 |
| Omega Ratio | 1.26 | 1.12 |
| Calmar Ratio | 1.24 | 0.67 |
| Martin Ratio | 6.78 | 1.71 |
| Ulcer Index | 6.27% | 6.81% |
| Daily Std Dev | 26.99% | 18.92% |
| Max Drawdown | -92.77% | -65.46% |
| Current Drawdown | -6.97% | -7.61% |
Correlation
The correlation between UYM and FXZ is 0.90, 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
UYM vs. FXZ - Performance Comparison
In the year-to-date period, UYM achieves a 16.14% return, which is significantly higher than FXZ's -3.21% return. Both investments have delivered pretty close results over the past 10 years, with UYM having a 9.01% annualized return and FXZ not far ahead at 9.12%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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UYM vs. FXZ - Expense Ratio Comparison
UYM has a 0.95% expense ratio, which is higher than FXZ's 0.67% expense ratio.
Risk-Adjusted Performance
UYM vs. FXZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) and First Trust Materials AlphaDEX Fund (FXZ). 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
UYM vs. FXZ - Dividend Comparison
UYM's dividend yield for the trailing twelve months is around 0.72%, less than FXZ's 1.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UYM ProShares Ultra Basic Materials | 0.72% | 0.28% | 0.87% | 0.52% | 0.56% | 1.24% | 0.94% | 0.38% | 0.55% | 0.42% | 0.42% | 4.20% |
FXZ First Trust Materials AlphaDEX Fund | 1.51% | 1.97% | 1.56% | 1.11% | 1.51% | 1.58% | 1.38% | 1.01% | 1.19% | 1.26% | 1.73% | 0.90% |
Drawdowns
UYM vs. FXZ - Drawdown Comparison
The maximum UYM drawdown since its inception was -92.77%, which is greater than FXZ's maximum drawdown of -65.46%. Use the drawdown chart below to compare losses from any high point for UYM and FXZ. For additional features, visit the drawdowns tool.
Volatility
UYM vs. FXZ - Volatility Comparison
ProShares Ultra Basic Materials (UYM) has a higher volatility of 7.07% compared to First Trust Materials AlphaDEX Fund (FXZ) at 5.63%. This indicates that UYM's price experiences larger fluctuations and is considered to be riskier than FXZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.