UYM vs. USD

Last updated Jun 4, 2026

UYM (ProShares Ultra Basic Materials) and USD (ProShares Ultra Semiconductors) are both Leveraged Equities funds from ProShares - UYM tracks the Dow Jones U.S. Basic Materials Index (200%) while USD tracks the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 10 years, UYM returned 11.91%/yr vs 62.16%/yr for USD. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.95% expense ratio.

Performance

UYM vs. USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Basic Materials (UYM) and ProShares Ultra Semiconductors (USD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UYM achieves a 25.72% return, which is significantly lower than USD's 114.00% return. Over the past 10 years, UYM has underperformed USD with an annualized return of 11.91%, while USD has yielded a comparatively higher 62.16% annualized 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%

USD

• 1D: -1.14%
• 1M: 44.53%
• YTD: 114.00%
• 6M: 111.06%
• 1Y: 274.62%
• 3Y*: 127.67%
• 5Y*: 69.52%
• 10Y*: 62.16%

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

UYM vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
UYM ProShares Ultra Basic Materials	25.72%	9.46%	-8.00%	17.47%	-23.10%	54.58%	16.56%	35.09%	-35.68%	51.51%
USD ProShares Ultra Semiconductors	114.00%	62.08%	139.64%	228.79%	-68.57%	104.27%	68.16%	110.37%	-26.88%	81.72%

Correlation

The correlation between UYM and USD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007	0.57

Over the past year, the correlation between UYM and USD has dropped to 0.27 - well below their long-term average of 0.57, suggesting their price drivers have been diverging.

UYM vs. USD - Sectors Allocation Comparison

Sectors	UYM	USD
Basic Materials	87.6%	-
Consumer Cyclical	12.4%	-
Industrials	1.1%	-
Communication Services	-	-
Consumer Defensive	-	-
Energy	-	0.0%
Financial Services	-	27.8%
Healthcare	-	-
Real Estate	-	-
Technology	-	27.4%
Utilities	-	-

Return for Risk

UYM vs. USD — Risk / Return Rank

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

UYM

UYM Risk / Return Rank: 27
UYM Sharpe Ratio Rank: 27
UYM Sortino Ratio Rank: 27
UYM Omega Ratio Rank: 26
UYM Calmar Ratio Rank: 28
UYM Martin Ratio Rank: 27

USD

USD Risk / Return Rank: 90
USD Sharpe Ratio Rank: 97
USD Sortino Ratio Rank: 83
USD Omega Ratio Rank: 83
USD Calmar Ratio Rank: 95
USD Martin Ratio Rank: 93

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. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) and ProShares Ultra Semiconductors (USD). 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	USD	Difference
Sharpe ratio Return per unit of total volatility	0.97	4.53	-3.57
Sortino ratio Return per unit of downside risk	1.49	3.81	-2.32
Omega ratio Gain probability vs. loss probability	1.18	1.51	-0.34
Calmar ratio Return relative to maximum drawdown	1.36	8.70	-7.33
Martin ratio Return relative to average drawdown	3.71	25.16	-21.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UYM vs. USD - Sharpe Ratio Comparison

The current UYM Sharpe Ratio is 0.97, which is lower than the USD Sharpe Ratio of 4.53. The chart below compares the historical Sharpe Ratios of UYM and USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UYM	USD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	4.53	-3.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.09	0.91	-0.83
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	0.90	-0.62
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.49	-0.40

Drawdowns

UYM vs. USD - Drawdown Comparison

The maximum UYM drawdown since its inception was -92.77%, roughly equal to the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for UYM and USD.

Drawdown Indicators

	UYM	USD	Difference
Max Drawdown Largest peak-to-trough decline	-92.77%	-88.63%	-4.14%
Max Drawdown (1Y) Largest decline over 1 year	-23.85%	-31.80%	+7.95%
Max Drawdown (3Y) Largest decline over 3 years	-43.88%	-64.46%	+20.58%
Max Drawdown (5Y) Largest decline over 5 years	-48.25%	-77.85%	+29.60%
Max Drawdown (10Y) Largest decline over 10 years	-73.31%	-77.85%	+4.54%
Current Drawdown Current decline from peak	-8.94%	-1.14%	-7.80%
Average Drawdown Average peak-to-trough decline	-42.11%	-32.35%	-9.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.73%	10.97%	-2.24%

Volatility

UYM vs. USD - Volatility Comparison

The current volatility for ProShares Ultra Basic Materials (UYM) is 11.55%, while ProShares Ultra Semiconductors (USD) has a volatility of 20.36%. This indicates that UYM experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UYM	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.55%	20.36%	-8.81%
Volatility (6M) Calculated over the trailing 6-month period	25.84%	46.39%	-20.55%
Volatility (1Y) Calculated over the trailing 1-year period	33.71%	61.22%	-27.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.26%	76.55%	-37.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.76%	69.23%	-26.47%

UYM vs. USD - Expense Ratio Comparison

Both UYM and USD have an expense ratio of 0.95%.

Dividends

UYM vs. USD - Dividend Comparison

UYM's dividend yield for the trailing twelve months is around 1.21%, more than USD's 0.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
USD ProShares Ultra Semiconductors	0.21%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%
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

Can I hold both UYM and USD in my portfolio?

UYM and USD have a correlation of 0.27, 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 USD?

USD has higher volatility (20.36%) compared to UYM (11.55%). In terms of maximum drawdown, UYM dropped -92.77% vs USD's -88.63%.

Which ETF is better, UYM or USD?

On 10-year performance, USD leads with 62.16% vs 11.91% for UYM. Both ETFs have the same 0.95% expense ratio. On volatility, UYM has been the lower-risk option at 11.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UYM or USD?

Over the 10-year period, USD has performed better with a 62.16% return vs 11.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UYM or USD?

UYM and USD have the same expense ratio: 0.95% per year.

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

UYM has the higher dividend yield at 1.21%, compared with 0.21% for USD.

What is the main difference between UYM and USD?

UYM tracks Dow Jones U.S. Basic Materials Index (200%), while USD tracks Dow Jones U.S. Semiconductors Index (200%).

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (4.53 vs 0.97), 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.