V vs. USD

Last updated Jun 24, 2026

V (Visa Inc.) is a stock, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 10 years, V returned 16.73%/yr vs 61.02%/yr for USD. At a 0.46 correlation, their price movements are largely independent.

Performance

V vs. USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Visa Inc. (V) 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, V achieves a -5.95% return, which is significantly lower than USD's 84.65% return. Over the past 10 years, V has underperformed USD with an annualized return of 16.73%, while USD has yielded a comparatively higher 61.02% annualized return.

V

• 1D: 0.58%
• 1M: -0.12%
• YTD: -5.95%
• 6M: -6.66%
• 1Y: -3.69%
• 3Y*: 13.55%
• 5Y*: 7.62%
• 10Y*: 16.73%

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%

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

V vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-5.95%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%
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 V and USD is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (10Y) Calculated over the trailing 10-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 19, 2008	0.46

The correlation between V and USD shifts across timeframes, from -0.06 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.

Return for Risk

V vs. USD — Risk / Return Rank

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

V

V Risk / Return Rank: 33
V Sharpe Ratio Rank: 36
V Sortino Ratio Rank: 29
V Omega Ratio Rank: 29
V Calmar Ratio Rank: 36
V Martin Ratio Rank: 34

USD

USD Risk / Return Rank: 82
USD Sharpe Ratio Rank: 92
USD Sortino Ratio Rank: 67
USD Omega Ratio Rank: 71
USD Calmar Ratio Rank: 94
USD Martin Ratio Rank: 87

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.

V vs. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) 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.

	V	USD	Difference
Sharpe ratio: Return per unit of total volatility	-0.17	3.06	-3.24
Sortino ratio: Return per unit of downside risk	-0.10	2.94	-3.04
Omega ratio: Gain probability vs. loss probability	0.99	1.40	-0.42
Calmar ratio: Return relative to maximum drawdown	-0.22	6.54	-6.76
Martin ratio: Return relative to average drawdown	-0.46	18.16	-18.61

V vs. USD - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.17, which is lower than the USD Sharpe Ratio of 3.06. The chart below compares the historical Sharpe Ratios of V 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.

Drawdowns

V vs. USD - Drawdown Comparison

The maximum V drawdown since its inception was -51.90%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for V and USD.

Drawdown Indicators

	V	USD	Difference
Max Drawdown Largest peak-to-trough decline	-51.90%	-88.63%	+36.73%
Max Drawdown (1Y) Largest decline over 1 year	-17.18%	-31.80%	+14.62%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	-64.46%	+44.08%
Max Drawdown (5Y) Largest decline over 5 years	-28.60%	-77.85%	+49.25%
Max Drawdown (10Y) Largest decline over 10 years	-36.36%	-77.85%	+41.49%
Current Drawdown Current decline from peak	-11.31%	-14.69%	+3.38%
Average Drawdown Average peak-to-trough decline	-8.27%	-32.29%	+24.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.06%	11.44%	-3.38%

Volatility

V vs. USD - Volatility Comparison

The current volatility for Visa Inc. (V) is 5.89%, while ProShares Ultra Semiconductors (USD) has a volatility of 34.07%. This indicates that V 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

	V	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.89%	34.07%	-28.18%
Volatility (6M) Calculated over the trailing 6-month period	16.80%	54.13%	-37.33%
Volatility (1Y) Calculated over the trailing 1-year period	21.44%	67.96%	-46.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.84%	77.73%	-54.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.43%	69.83%	-45.40%

Dividends

V vs. USD - Dividend Comparison

V's dividend yield for the trailing twelve months is around 0.79%, 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%
V Visa Inc.	0.79%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Frequently Asked Questions

Can I hold both V and USD in my portfolio?

V and USD have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, V or USD?

USD has higher volatility (34.07%) compared to V (5.89%). In terms of maximum drawdown, V dropped -51.90% vs USD's -88.63%.

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (3.06 vs -0.17), 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.