UYM vs. USD
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 12.37%/yr vs 61.02%/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
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Returns By Period
In the year-to-date period, UYM achieves a 22.19% return, which is significantly lower than USD's 84.65% return. Over the past 10 years, UYM has underperformed USD with an annualized return of 12.37%, while USD has yielded a comparatively higher 61.02% annualized return.
UYM
- 1D
- -2.78%
- 1M
- 2.44%
- YTD
- 22.19%
- 6M
- 20.07%
- 1Y
- 29.81%
- 3Y*
- 11.26%
- 5Y*
- 5.73%
- 10Y*
- 12.37%
USD
- 1D
- -12.35%
- 1M
- 1.73%
- YTD
- 84.65%
- 6M
- 79.76%
- 1Y
- 206.76%
- 3Y*
- 114.28%
- 5Y*
- 63.13%
- 10Y*
- 61.02%
UYM vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UYM ProShares Ultra Basic Materials | 22.19% | 9.46% | -8.00% | 17.47% | -23.10% | 54.58% | 16.56% | 35.09% | -35.68% | 51.51% |
USD ProShares Ultra Semiconductors | 84.65% | 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 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | 0.57 |
Over the past year, the correlation between UYM and USD has dropped to 0.26 - 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
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Consumer Cyclical
-
Industrials
-
Communication Services
-
-
Consumer Defensive
-
-
Energy
-
Financial Services
-
Healthcare
-
-
Real Estate
-
-
Technology
-
Utilities
-
-
Basic Materials
UYM
USD
-
Consumer Cyclical
UYM
USD
-
Industrials
UYM
USD
-
Communication Services
UYM
-
USD
-
Consumer Defensive
UYM
-
USD
-
Energy
UYM
-
USD
Financial Services
UYM
-
USD
Healthcare
UYM
-
USD
-
Real Estate
UYM
-
USD
-
Technology
UYM
-
USD
Utilities
UYM
-
USD
-
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Return for Risk
UYM vs. USD — Risk / Return Rank
UYM
USD
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.
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 | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.40 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.26 | 6.54 | -5.29 |
| Martin ratioReturn relative to average drawdown | 3.31 | 18.16 | -14.85 |
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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.
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Drawdown Indicators
| UYM | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -11.50% | -14.69% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -42.02% | -32.29% | -9.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.03% | 11.44% | -2.41% |
Volatility
UYM vs. USD - Volatility Comparison
The current volatility for ProShares Ultra Basic Materials (UYM) is 12.24%, while ProShares Ultra Semiconductors (USD) has a volatility of 34.07%. 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.
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Volatility by Period
| UYM | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.24% | 34.07% | -21.83% |
Volatility (6M)Calculated over the trailing 6-month period | 27.35% | 54.13% | -26.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.13% | 67.96% | -32.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.40% | 77.73% | -38.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 42.77% | 69.83% | -27.06% |
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 1.24%, more than USD's 0.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 0.25% | 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 | 1.24% | 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 USD have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (34.07%) compared to UYM (12.24%). In terms of maximum drawdown, UYM dropped -92.77% vs USD's -88.63%.
On 10-year performance, USD leads with 61.02% vs 12.37% for UYM. Both ETFs have the same 0.95% expense ratio. On volatility, UYM has been the lower-risk option at 12.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, USD has performed better with a 61.02% return vs 12.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
UYM and USD have the same expense ratio: 0.95% per year.
UYM has the higher dividend yield at 1.24%, compared with 0.25% for USD.
UYM tracks Dow Jones U.S. Basic Materials Index (200%), while USD tracks Dow Jones U.S. Semiconductors Index (200%).
USD currently has the higher Sharpe Ratio (3.06 vs 0.85), 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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