UYM vs. IAI

Last updated Jun 13, 2026

UYM (ProShares Ultra Basic Materials) and IAI (iShares U.S. Broker-Dealers & Securities Exchanges ETF) are both exchange-traded funds - UYM is a Leveraged Equities fund tracking the Dow Jones U.S. Basic Materials Index (200%), while IAI is a Financials Equities fund tracking the DJ US Select / Investment Services. Both are passively managed. Over the past 10 years, UYM returned 12.48%/yr vs 19.37%/yr for IAI. A 0.67 correlation means they provide meaningful diversification when combined. UYM charges 0.95%/yr vs 0.41%/yr for IAI.

Performance

UYM vs. IAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Basic Materials (UYM) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UYM achieves a 27.95% return, which is significantly higher than IAI's 3.17% return. Over the past 10 years, UYM has underperformed IAI with an annualized return of 12.48%, while IAI has yielded a comparatively higher 19.37% annualized return.

UYM

• 1D: 3.74%
• 1M: 1.10%
• YTD: 27.95%
• 6M: 30.38%
• 1Y: 36.06%
• 3Y*: 11.85%
• 5Y*: 4.60%
• 10Y*: 12.48%

IAI

• 1D: 1.83%
• 1M: 2.57%
• YTD: 3.17%
• 6M: 2.78%
• 1Y: 21.00%
• 3Y*: 28.06%
• 5Y*: 14.44%
• 10Y*: 19.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

UYM vs. IAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UYM ProShares Ultra Basic Materials	27.95%	9.46%	-8.00%	17.47%	-23.10%	54.58%	16.56%	35.09%	-35.68%	51.51%
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	3.17%	25.80%	34.37%	15.27%	-10.87%	40.48%	18.61%	24.26%	-9.47%	28.86%

Correlation

The correlation between UYM and IAI is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007	0.67

Over the past year, the correlation between UYM and IAI has dropped to 0.41 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.

UYM vs. IAI - Sectors Allocation Comparison

Sectors	UYM	IAI
Basic Materials	87.6%	-
Consumer Cyclical	12.4%	-
Industrials	1.1%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	99.9%
Healthcare	-	-
Real Estate	-	-
Technology	-	0.1%
Utilities	-	-

Return for Risk

UYM vs. IAI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

UYM

UYM Risk / Return Rank: 29
UYM Sharpe Ratio Rank: 29
UYM Sortino Ratio Rank: 30
UYM Omega Ratio Rank: 28
UYM Calmar Ratio Rank: 31
UYM Martin Ratio Rank: 29

IAI

IAI Risk / Return Rank: 29
IAI Sharpe Ratio Rank: 31
IAI Sortino Ratio Rank: 30
IAI Omega Ratio Rank: 29
IAI Calmar Ratio Rank: 27
IAI Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UYM vs. IAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) and iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI). 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.

	UYM	IAI	Difference
Sharpe ratio: Return per unit of total volatility	0.94	1.00	-0.06
Sortino ratio: Return per unit of downside risk	1.47	1.43	+0.04
Omega ratio: Gain probability vs. loss probability	1.17	1.18	0.00
Calmar ratio: Return relative to maximum drawdown	1.38	1.17	+0.21
Martin ratio: Return relative to average drawdown	3.67	3.33	+0.34

UYM vs. IAI - Sharpe Ratio Comparison

The current UYM Sharpe Ratio is 0.94, which is comparable to the IAI Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of UYM and IAI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

UYM vs. IAI - Drawdown Comparison

The maximum UYM drawdown since its inception was -92.77%, which is greater than IAI's maximum drawdown of -75.46%. Use the drawdown chart below to compare losses from any high point for UYM and IAI.

Drawdown Indicators

	UYM	IAI	Difference
Max Drawdown Largest peak-to-trough decline	-92.77%	-75.46%	-17.31%
Max Drawdown (1Y) Largest decline over 1 year	-23.85%	-16.52%	-7.33%
Max Drawdown (3Y) Largest decline over 3 years	-43.88%	-23.14%	-20.74%
Max Drawdown (5Y) Largest decline over 5 years	-48.25%	-28.84%	-19.41%
Max Drawdown (10Y) Largest decline over 10 years	-73.31%	-40.38%	-32.93%
Current Drawdown Current decline from peak	-7.32%	-2.81%	-4.51%
Average Drawdown Average peak-to-trough decline	-42.06%	-22.63%	-19.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.95%	5.80%	+3.15%

Volatility

UYM vs. IAI - Volatility Comparison

ProShares Ultra Basic Materials (UYM) has a higher volatility of 14.01% compared to iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI) at 5.98%. This indicates that UYM's price experiences larger fluctuations and is considered to be riskier than IAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UYM	IAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.01%	5.98%	+8.03%
Volatility (6M) Calculated over the trailing 6-month period	27.29%	15.34%	+11.95%
Volatility (1Y) Calculated over the trailing 1-year period	35.09%	19.44%	+15.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.49%	21.48%	+18.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.86%	22.85%	+20.01%

UYM vs. IAI - Expense Ratio Comparison

UYM has a 0.95% expense ratio, which is higher than IAI's 0.41% expense ratio.

Dividends

UYM vs. IAI - Dividend Comparison

UYM's dividend yield for the trailing twelve months is around 1.19%, more than IAI's 1.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF	1.05%	0.95%	1.05%	1.80%	2.14%	1.31%	1.55%	1.52%	1.58%	1.37%	1.49%	1.31%
UYM ProShares Ultra Basic Materials	1.19%	1.47%	0.98%	0.28%	0.88%	0.52%	0.56%	1.24%	0.94%	0.38%	0.55%	0.42%

Frequently Asked Questions

Can I hold both UYM and IAI in my portfolio?

UYM and IAI have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UYM or IAI?

UYM has higher volatility (14.01%) compared to IAI (5.98%). In terms of maximum drawdown, UYM dropped -92.77% vs IAI's -75.46%.

Which ETF is better, UYM or IAI?

On 10-year performance, IAI leads with 19.37% vs 12.48% for UYM. On fees, IAI is cheaper at 0.41% per year. On volatility, IAI has been the lower-risk option at 5.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UYM or IAI?

Over the 10-year period, IAI has performed better with a 19.37% return vs 12.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UYM or IAI?

IAI is cheaper with a 0.41% expense ratio, compared with 0.95% for UYM.

Which ETF pays a higher dividend yield, UYM or IAI?

UYM has the higher dividend yield at 1.19%, compared with 1.05% for IAI.

What is the main difference between UYM and IAI?

UYM is categorized as Leveraged Equities, while IAI is Financials Equities. UYM tracks Dow Jones U.S. Basic Materials Index (200%), while IAI tracks DJ US Select / Investment Services. They also come from different issuers: ProShares and iShares. Their fees differ too: 0.95% for UYM and 0.41% for IAI.

Which has better risk-adjusted returns?

IAI currently has the higher Sharpe Ratio (1.00 vs 0.94), 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.