WSM vs. UPRO

Last updated Jun 4, 2026

WSM (Williams-Sonoma, Inc.) is a stock, while UPRO (ProShares UltraPro S&P 500) is Leveraged Equities fund tracking the S&P 500. Over the past 10 years, WSM returned 25.70%/yr vs 30.09%/yr for UPRO. A 0.50 correlation means they provide meaningful diversification when combined.

Performance

WSM vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Williams-Sonoma, Inc. (WSM) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WSM achieves a 16.80% return, which is significantly lower than UPRO's 27.90% return. Over the past 10 years, WSM has underperformed UPRO with an annualized return of 25.70%, while UPRO has yielded a comparatively higher 30.09% annualized return.

WSM

• 1D: 1.60%
• 1M: 17.88%
• YTD: 16.80%
• 6M: 16.96%
• 1Y: 30.09%
• 3Y*: 54.34%
• 5Y*: 22.29%
• 10Y*: 25.70%

UPRO

• 1D: -2.09%
• 1M: 14.64%
• YTD: 27.90%
• 6M: 26.67%
• 1Y: 80.84%
• 3Y*: 52.58%
• 5Y*: 23.13%
• 10Y*: 30.09%

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

WSM vs. UPRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WSM Williams-Sonoma, Inc.	16.80%	-2.09%	86.56%	80.24%	-30.49%	68.60%	42.38%	50.07%	0.61%	10.20%
UPRO ProShares UltraPro S&P 500	27.90%	31.88%	63.57%	68.53%	-56.84%	98.64%	10.09%	102.30%	-25.11%	71.37%

Correlation

The correlation between WSM and UPRO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.47
Correlation (All Time) Calculated using the full available price history since Jun 26, 2009	0.50

The correlation between WSM and UPRO shifts across timeframes, from 0.43 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WSM vs. UPRO — Risk / Return Rank

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

WSM

WSM Risk / Return Rank: 65
WSM Sharpe Ratio Rank: 69
WSM Sortino Ratio Rank: 65
WSM Omega Ratio Rank: 59
WSM Calmar Ratio Rank: 65
WSM Martin Ratio Rank: 65

UPRO

UPRO Risk / Return Rank: 62
UPRO Sharpe Ratio Rank: 68
UPRO Sortino Ratio Rank: 57
UPRO Omega Ratio Rank: 58
UPRO Calmar Ratio Rank: 60
UPRO Martin Ratio Rank: 68

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.

WSM vs. UPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Williams-Sonoma, Inc. (WSM) and ProShares UltraPro S&P 500 (UPRO). 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.

	WSM	UPRO	Difference
Sharpe ratio: Return per unit of total volatility	0.90	2.30	-1.40
Sortino ratio: Return per unit of downside risk	1.50	2.76	-1.26
Omega ratio: Gain probability vs. loss probability	1.17	1.36	-0.20
Calmar ratio: Return relative to maximum drawdown	1.30	3.03	-1.74
Martin ratio: Return relative to average drawdown	2.95	12.80	-9.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WSM vs. UPRO - Sharpe Ratio Comparison

The current WSM Sharpe Ratio is 0.90, which is lower than the UPRO Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of WSM and UPRO, 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

	WSM	UPRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.90	2.30	-1.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.46	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	0.56	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.65	-0.31

Drawdowns

WSM vs. UPRO - Drawdown Comparison

The maximum WSM drawdown since its inception was -89.01%, which is greater than UPRO's maximum drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for WSM and UPRO.

Drawdown Indicators

	WSM	UPRO	Difference
Max Drawdown Largest peak-to-trough decline	-89.01%	-76.82%	-12.19%
Max Drawdown (1Y) Largest decline over 1 year	-23.27%	-26.78%	+3.51%
Max Drawdown (3Y) Largest decline over 3 years	-36.79%	-48.87%	+12.08%
Max Drawdown (5Y) Largest decline over 5 years	-51.92%	-63.94%	+12.02%
Max Drawdown (10Y) Largest decline over 10 years	-59.71%	-76.82%	+17.11%
Current Drawdown Current decline from peak	-5.77%	-2.09%	-3.68%
Average Drawdown Average peak-to-trough decline	-25.05%	-14.42%	-10.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.23%	6.33%	+3.90%

Volatility

WSM vs. UPRO - Volatility Comparison

Williams-Sonoma, Inc. (WSM) has a higher volatility of 11.18% compared to ProShares UltraPro S&P 500 (UPRO) at 8.45%. This indicates that WSM's price experiences larger fluctuations and is considered to be riskier than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WSM	UPRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.18%	8.45%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	24.55%	26.60%	-2.05%
Volatility (1Y) Calculated over the trailing 1-year period	33.69%	35.35%	-1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	44.65%	50.32%	-5.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.22%	53.74%	-9.52%

Dividends

WSM vs. UPRO - Dividend Comparison

WSM's dividend yield for the trailing twelve months is around 1.32%, more than UPRO's 0.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
UPRO ProShares UltraPro S&P 500	0.68%	0.84%	0.93%	0.74%	0.52%	0.06%	0.11%	0.41%	0.63%	0.00%	0.12%	0.34%
WSM Williams-Sonoma, Inc.	1.32%	1.43%	1.16%	1.72%	2.65%	1.43%	1.93%	2.55%	3.33%	2.98%	3.02%	2.36%

Frequently Asked Questions

Can I hold both WSM and UPRO in my portfolio?

WSM and UPRO 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.

Which is riskier, WSM or UPRO?

WSM has higher volatility (11.18%) compared to UPRO (8.45%). In terms of maximum drawdown, WSM dropped -89.01% vs UPRO's -76.82%.

Which has better risk-adjusted returns?

UPRO currently has the higher Sharpe Ratio (2.30 vs 0.90), 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.