UYM vs. OOQB
UYM (ProShares Ultra Basic Materials) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - UYM is a Leveraged Equities fund tracking the Dow Jones U.S. Basic Materials Index (200%), while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. UYM is passively managed, while OOQB is actively managed. Over the past year, UYM returned 32.36% vs -27.35% for OOQB. At a 0.39 correlation, their price movements are largely independent. UYM charges 0.95%/yr vs 0.75%/yr for OOQB.
Performance
UYM vs. OOQB - Performance Comparison
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Returns By Period
In the year-to-date period, UYM achieves a 25.72% return, which is significantly higher than OOQB's -18.43% return.
UYM
- 1D
- 0.51%
- 1M
- 3.42%
- YTD
- 25.72%
- 6M
- 31.43%
- 1Y
- 32.36%
- 3Y*
- 13.51%
- 5Y*
- 3.33%
- 10Y*
- 11.91%
OOQB
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -18.43%
- 6M
- -24.99%
- 1Y
- -27.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UYM vs. OOQB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
UYM ProShares Ultra Basic Materials | 25.72% | -3.38% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -18.43% | -13.30% |
Correlation
The correlation between UYM and OOQB is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.39 |
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Return for Risk
UYM vs. OOQB — Risk / Return Rank
UYM
OOQB
UYM vs. OOQB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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.
| UYM | OOQB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | -0.53 | +1.50 |
Sortino ratioReturn per unit of downside risk | 1.49 | -0.50 | +1.99 |
Omega ratioGain probability vs. loss probability | 1.18 | 0.94 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.36 | -0.51 | +1.88 |
Martin ratioReturn relative to average drawdown | 3.71 | -0.91 | +4.62 |
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
| UYM | OOQB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | -0.53 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.09 | -0.41 | +0.49 |
Drawdowns
UYM vs. OOQB - Drawdown Comparison
The maximum UYM drawdown since its inception was -92.77%, which is greater than OOQB's maximum drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for UYM and OOQB.
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Drawdown Indicators
| UYM | OOQB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.77% | -53.44% | -39.33% |
Max Drawdown (1Y)Largest decline over 1 year | -23.85% | -53.44% | +29.59% |
Max Drawdown (3Y)Largest decline over 3 years | -43.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -48.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.31% | — | — |
Current DrawdownCurrent decline from peak | -8.94% | -43.69% | +34.75% |
Average DrawdownAverage peak-to-trough decline | -42.11% | -23.26% | -18.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.73% | 30.11% | -21.38% |
Volatility
UYM vs. OOQB - Volatility Comparison
ProShares Ultra Basic Materials (UYM) has a higher volatility of 11.55% compared to Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) at 0.00%. This indicates that UYM's price experiences larger fluctuations and is considered to be riskier than OOQB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| UYM | OOQB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.55% | 0.00% | +11.55% |
Volatility (6M)Calculated over the trailing 6-month period | 25.84% | 39.39% | -13.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.71% | 51.57% | -17.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.26% | 58.12% | -18.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.76% | 58.12% | -15.36% |
UYM vs. OOQB - Expense Ratio Comparison
UYM has a 0.95% expense ratio, which is higher than OOQB's 0.75% expense ratio.
Dividends
UYM vs. OOQB - Dividend Comparison
UYM's dividend yield for the trailing twelve months is around 1.21%, less than OOQB's 11.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 11.62% | 9.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
UYM ProShares Ultra Basic Materials | 1.21% | 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
UYM and OOQB have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UYM has higher volatility (11.55%) compared to OOQB (0.00%). In terms of maximum drawdown, UYM dropped -92.77% vs OOQB's -53.44%.
On 1-year performance, UYM leads with 32.36% vs -27.35% for OOQB. On fees, OOQB is cheaper at 0.75% per year. On volatility, OOQB has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, UYM has performed better with a 32.36% return vs -27.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OOQB is cheaper with a 0.75% expense ratio, compared with 0.95% for UYM.
OOQB has the higher dividend yield at 11.62%, compared with 1.21% for UYM.
UYM is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 0.95% for UYM and 0.75% for OOQB.
UYM currently has the higher Sharpe Ratio (0.97 vs -0.53), 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.
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