UYM vs. IYW
Compare and contrast key facts about ProShares Ultra Basic Materials (UYM) and iShares U.S. Technology ETF (IYW).
UYM and IYW 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. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000. Both UYM and IYW 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 IYW.
Correlation
The correlation between UYM and IYW is 0.78, 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. IYW - Performance Comparison
Key characteristics
UYM:
-0.45
IYW:
0.37
UYM:
-0.43
IYW:
0.71
UYM:
0.94
IYW:
1.10
UYM:
-0.40
IYW:
0.42
UYM:
-1.14
IYW:
1.38
UYM:
15.54%
IYW:
7.95%
UYM:
39.16%
IYW:
29.96%
UYM:
-92.77%
IYW:
-81.89%
UYM:
-31.11%
IYW:
-14.62%
Returns By Period
In the year-to-date period, UYM achieves a -6.52% return, which is significantly higher than IYW's -10.73% return. Over the past 10 years, UYM has underperformed IYW with an annualized return of 5.55%, while IYW has yielded a comparatively higher 18.86% annualized return.
UYM
-6.52%
-11.48%
-25.41%
-19.98%
18.36%
5.55%
IYW
-10.73%
-1.62%
-8.32%
8.93%
20.54%
18.86%
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UYM vs. IYW - Expense Ratio Comparison
UYM has a 0.95% expense ratio, which is higher than IYW's 0.42% expense ratio.
Risk-Adjusted Performance
UYM vs. IYW — Risk-Adjusted Performance Rank
UYM
IYW
UYM vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) and iShares U.S. Technology ETF (IYW). 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. IYW - Dividend Comparison
UYM's dividend yield for the trailing twelve months is around 1.18%, more than IYW's 0.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UYM ProShares Ultra Basic Materials | 1.18% | 0.97% | 0.28% | 0.87% | 0.52% | 0.56% | 1.24% | 0.94% | 0.38% | 0.55% | 0.42% | 0.42% |
IYW iShares U.S. Technology ETF | 0.23% | 0.21% | 0.53% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% |
Drawdowns
UYM vs. IYW - Drawdown Comparison
The maximum UYM drawdown since its inception was -92.77%, which is greater than IYW's maximum drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for UYM and IYW. For additional features, visit the drawdowns tool.
Volatility
UYM vs. IYW - Volatility Comparison
ProShares Ultra Basic Materials (UYM) has a higher volatility of 28.16% compared to iShares U.S. Technology ETF (IYW) at 19.19%. This indicates that UYM's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.