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UYM vs. UVXY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

UYM vs. UVXY

Last updated Jun 3, 2026

UYM (ProShares Ultra Basic Materials) and UVXY (ProShares Ultra VIX Short-Term Futures ETF) are both exchange-traded funds - UYM is a Leveraged Equities fund tracking the Dow Jones U.S. Basic Materials Index (200%), while UVXY is a Volatility fund tracking the S&P 500 VIX SHORT-TERM FUTURES TR (150%). Both are passively managed. Over the past 10 years, UYM returned 11.85%/yr vs -72.67%/yr for UVXY. At a correlation of -0.61, they often move in opposite directions. Both charge a 0.95% expense ratio.

Performance

UYM vs. UVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra Basic Materials (UYM) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, UYM achieves a 25.08% return, which is significantly higher than UVXY's -19.06% return. Over the past 10 years, UYM has outperformed UVXY with an annualized return of 11.85%, while UVXY has yielded a comparatively lower -72.67% annualized return.

UYM

1D
2.40%
1M
-0.29%
YTD
25.08%
6M
32.48%
1Y
34.35%
3Y*
13.32%
5Y*
3.40%
10Y*
11.85%

UVXY

1D
-0.24%
1M
-22.10%
YTD
-19.06%
6M
-37.37%
1Y
-72.91%
3Y*
-64.55%
5Y*
-67.90%
10Y*
-72.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

UYM vs. UVXY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
UYM
ProShares Ultra Basic Materials		25.08%9.46%-8.00%17.47%-23.10%54.58%16.56%35.09%-35.68%51.51%
UVXY
ProShares Ultra VIX Short-Term Futures ETF		-19.06%-65.32%-50.90%-87.70%-44.81%-88.33%-17.38%-84.23%60.10%-94.17%

Correlation

The correlation between UYM and UVXY is -0.43, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.43

Correlation (3Y)
Calculated over the trailing 3-year period

-0.49

Correlation (5Y)
Calculated over the trailing 5-year period

-0.57

Correlation (10Y)
Calculated over the trailing 10-year period

-0.59

Correlation (All Time)
Calculated using the full available price history since Oct 5, 2011

-0.61

The correlation between UYM and UVXY shifts across timeframes, from -0.61 (all time) to -0.43 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares Ultra Basic Materials

ProShares Ultra VIX Short-Term Futures ETF

Often compared with UYM:
UYM vs. FXZUYM vs. TQQQUYM vs. QLDUYM vs. PYZUYM vs. XLBUYM vs. QQQUYM vs. UXI
Often compared with UVXY:
UVXY vs. UVIXUVXY vs. VXXUVXY vs. VIXYUVXY vs. SVXYUVXY vs. SQQQUVXY vs. SPYUVXY vs. SPXS

Return for Risk

UYM vs. UVXY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UYM
UYM Risk / Return Rank: 2828
Overall Rank
UYM Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
UYM Sortino Ratio Rank: 2929
Sortino Ratio Rank
UYM Omega Ratio Rank: 2727
Omega Ratio Rank
UYM Calmar Ratio Rank: 3030
Calmar Ratio Rank
UYM Martin Ratio Rank: 2828
Martin Ratio Rank
UVXY
UVXY Risk / Return Rank: 11
Overall Rank
UVXY Sharpe Ratio Rank: 22
Sharpe Ratio Rank
UVXY Sortino Ratio Rank: 11
Sortino Ratio Rank
UVXY Omega Ratio Rank: 11
Omega Ratio Rank
UVXY Calmar Ratio Rank: 11
Calmar Ratio Rank
UVXY Martin Ratio Rank: 22
Martin Ratio Rank
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. UVXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Basic Materials (UYM) and ProShares Ultra VIX Short-Term Futures ETF (UVXY). 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.

UYMUVXYDifference

Sharpe ratio

Return per unit of total volatility

1.02

-0.87

+1.89

Sortino ratio

Return per unit of downside risk

1.55

-1.60

+3.15

Omega ratio

Gain probability vs. loss probability

1.18

0.82

+0.37

Calmar ratio

Return relative to maximum drawdown

1.49

-0.97

+2.46

Martin ratio

Return relative to average drawdown

4.09

-1.31

+5.40

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. UVXY - Sharpe Ratio Comparison

The current UYM Sharpe Ratio is 1.02, which is higher than the UVXY Sharpe Ratio of -0.87. The chart below compares the historical Sharpe Ratios of UYM and UVXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

UYMUVXYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.02

-0.87

+1.89

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.09

-0.66

+0.74

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.28

-0.64

+0.92

Sharpe Ratio (All Time)

Calculated using the full available price history

0.09

-0.68

+0.76

Drawdowns

UYM vs. UVXY - Drawdown Comparison

The maximum UYM drawdown since its inception was -92.77%, smaller than the maximum UVXY drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for UYM and UVXY.

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Drawdown Indicators

UYMUVXYDifference

Max Drawdown

Largest peak-to-trough decline

-92.77%

-100.00%

+7.23%

Max Drawdown (1Y)

Largest decline over 1 year

-23.85%

-75.22%

+51.37%

Max Drawdown (3Y)

Largest decline over 3 years

-43.88%

-95.45%

+51.57%

Max Drawdown (5Y)

Largest decline over 5 years

-48.25%

-99.68%

+51.43%

Max Drawdown (10Y)

Largest decline over 10 years

-73.31%

-100.00%

+26.69%

Current Drawdown

Current decline from peak

-9.40%

-100.00%

+90.60%

Average Drawdown

Average peak-to-trough decline

-42.12%

-98.55%

+56.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.72%

55.63%

-46.91%

Volatility

UYM vs. UVXY - Volatility Comparison

ProShares Ultra Basic Materials (UYM) and ProShares Ultra VIX Short-Term Futures ETF (UVXY) have volatilities of 12.00% and 11.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UYMUVXYDifference

Volatility (1M)

Calculated over the trailing 1-month period

12.00%

11.77%

+0.23%

Volatility (6M)

Calculated over the trailing 6-month period

25.85%

62.64%

-36.79%

Volatility (1Y)

Calculated over the trailing 1-year period

33.72%

84.42%

-50.70%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

39.26%

103.85%

-64.59%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.77%

113.82%

-71.05%

UYM vs. UVXY - Expense Ratio Comparison

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

Dividends

UYM vs. UVXY - Dividend Comparison

UYM's dividend yield for the trailing twelve months is around 1.21%, while UVXY has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
UVXY
ProShares Ultra VIX Short-Term Futures ETF		0.00%0.00%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 UVXY have a correlation of -0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

UYM has higher volatility (12.00%) compared to UVXY (11.77%). In terms of maximum drawdown, UYM dropped -92.77% vs UVXY's -100.00%.

On 10-year performance, UYM leads with 11.85% vs -72.67% for UVXY. Both ETFs have the same 0.95% expense ratio. On volatility, UVXY has been the lower-risk option at 11.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, UYM has performed better with a 11.85% return vs -72.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

UYM has the higher dividend yield at 1.21%, compared with 0.00% for UVXY.

UYM is categorized as Leveraged Equities, while UVXY is Volatility. UYM tracks Dow Jones U.S. Basic Materials Index (200%), while UVXY tracks S&P 500 VIX SHORT-TERM FUTURES TR (150%).

UYM currently has the higher Sharpe Ratio (1.02 vs -0.87), 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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