UYM vs. PYZ
Compare and contrast key facts about ProShares Ultra Basic Materials (UYM) and Invesco DWA Basic Materials Momentum ETF (PYZ).
UYM and PYZ 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. PYZ is a passively managed fund by Invesco that tracks the performance of the Dynamic Basic Materials Sector Intellidex Index. It was launched on Oct 12, 2006. Both UYM and PYZ 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 PYZ.
Key characteristics
| UYM | PYZ | |
|---|---|---|
| YTD Return | 11.31% | 13.05% |
| 1Y Return | 36.72% | 28.97% |
| 3Y Return (Ann) | 0.26% | 0.92% |
| 5Y Return (Ann) | 13.65% | 10.77% |
| 10Y Return (Ann) | 8.42% | 6.96% |
| Sharpe Ratio | 1.34 | 1.53 |
| Sortino Ratio | 1.84 | 2.17 |
| Omega Ratio | 1.23 | 1.27 |
| Calmar Ratio | 1.09 | 1.11 |
| Martin Ratio | 5.74 | 7.47 |
| Ulcer Index | 6.33% | 3.87% |
| Daily Std Dev | 27.12% | 18.93% |
| Max Drawdown | -92.77% | -65.15% |
| Current Drawdown | -10.85% | -4.61% |
Correlation
The correlation between UYM and PYZ 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. PYZ - Performance Comparison
In the year-to-date period, UYM achieves a 11.31% return, which is significantly lower than PYZ's 13.05% return. Over the past 10 years, UYM has outperformed PYZ with an annualized return of 8.42%, while PYZ has yielded a comparatively lower 6.96% annualized return. 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. PYZ - Expense Ratio Comparison
UYM has a 0.95% expense ratio, which is higher than PYZ's 0.60% expense ratio.
Risk-Adjusted Performance
UYM vs. PYZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) and Invesco DWA Basic Materials Momentum ETF (PYZ). 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. PYZ - Dividend Comparison
UYM's dividend yield for the trailing twelve months is around 0.75%, less than PYZ's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UYM ProShares Ultra Basic Materials | 0.75% | 0.28% | 0.87% | 0.52% | 0.56% | 1.24% | 0.94% | 0.38% | 0.55% | 0.42% | 0.42% | 4.20% |
PYZ Invesco DWA Basic Materials Momentum ETF | 1.19% | 1.19% | 1.18% | 0.33% | 1.04% | 1.38% | 1.20% | 0.53% | 1.07% | 1.25% | 1.02% | 0.95% |
Drawdowns
UYM vs. PYZ - Drawdown Comparison
The maximum UYM drawdown since its inception was -92.77%, which is greater than PYZ's maximum drawdown of -65.15%. Use the drawdown chart below to compare losses from any high point for UYM and PYZ. For additional features, visit the drawdowns tool.
Volatility
UYM vs. PYZ - Volatility Comparison
ProShares Ultra Basic Materials (UYM) has a higher volatility of 7.49% compared to Invesco DWA Basic Materials Momentum ETF (PYZ) at 5.37%. This indicates that UYM's price experiences larger fluctuations and is considered to be riskier than PYZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.