SDS vs JPUS

Comparison between ProShares UltraShort S&P500 -2x Shares (SDS, ETF) and JPMORGAN DIVERSIFIED RETURN U.S. EQUITY ETF (JPUS, ETF).

5-Year PerformanceJPUS has outperformed SDS, delivering a return of +9.3% compared to -21.3%

SDS vs JPUS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SDS(ETF)	JPUS(ETF)
Net Assets	$443M	$442M
Expense Ratio	N/A	0.18%
Max Drawdown	99.89%	38.69%
Sharpe Ratio	-1.61	1.53
5Y Beta	-1.91	0.65
P/E Ratio	N/A	21.94
Forward P/E	N/A	15.98
5Y Dividends CAGR	9.31%	11.81%
5Y EPS CAGR	N/A	14.07%
Debt to Equity	N/A	65.01%
P/S Ratio	N/A	1.57
P/B Ratio	N/A	2.87

Net Assets

Winner

SDS

$443M

JPUS

$442M

Expense Ratio

SDS

N/A

JPUS

0.18%

Max Drawdown

SDS

99.89%

Winner

JPUS

38.69%

Sharpe Ratio

SDS

-1.61

Winner

JPUS

1.53

5Y Beta

Winner

SDS

-1.91

JPUS

0.65

P/E Ratio

SDS

N/A

JPUS

21.94

Forward P/E

SDS

N/A

JPUS

15.98

5Y Dividends CAGR

SDS

9.31%

Winner

JPUS

11.81%

5Y EPS CAGR

SDS

N/A

JPUS

14.07%

Debt to Equity

SDS

N/A

JPUS

65.01%

P/S Ratio

SDS

N/A

JPUS

1.57

P/B Ratio

SDS

N/A

JPUS

2.87

SDS vs JPUS - Historical Returns

Returns include dividend reinvestment.

Period	SDS	JPUS
1 month	-3.21%	+0.35%
3 months	-14.30%	+2.79%
6 months	-12.35%	+11.27%
1 year	-32.38%	+21.24%
5 years(CAGR)	-21.29%	+9.32%
10 years(CAGR)	-27.33%	+11.38%
Max(CAGR)	-25.09%	+11.91%

SDS

-3.21%

Winner

JPUS

+0.35%

SDS

-14.30%

Winner

JPUS

+2.79%

SDS

-12.35%

Winner

JPUS

+11.27%

SDS

-32.38%

Winner

JPUS

+21.24%

5Y(CAGR)

SDS

-21.29%

Winner

JPUS

+9.32%

10Y(CAGR)

SDS

-27.33%

Winner

JPUS

+11.38%

Max(CAGR)

SDS

-25.09%

Winner

JPUS

+11.91%

SDS vs JPUS - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	SDS	JPUS
2026	-13.03%	+10.38%
2025	-27.18%	+11.20%
2024	-30.24%	+13.03%
2023	-32.17%	+11.47%
2022	+32.17%	-8.18%
2021	-44.54%	+30.47%
2020	-48.99%	+7.51%
2019	-41.12%	+25.94%
2018	+7.54%	-6.49%
2017	-30.97%	+19.84%
2016	-26.29%	+14.52%
2015	-9.61%	+6.56%
2014	-27.06%	N/A
2013	-42.30%	N/A
2012	-27.66%	N/A
2011	-17.21%	N/A
2010	-29.93%	N/A
2009	-47.35%	N/A
2008	+57.43%	N/A
2007	-4.12%	N/A
2006	-19.87%	N/A

SDS vs JPUS Drawdown Comparison

The maximum drawdown for SDS was -99.85%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The maximum drawdown for JPUS was -38.69%, occurring on Mar 23, 2020. Recovery took 188 trading sessions.

The current SDS drawdown is -99.84%. The current JPUS drawdown is -0.73%.

Rank	SDS	JPUS
#1	-99.85% Mar 9, 2009 - Jun 2, 2026	-38.69% Feb 14, 2020 - Nov 11, 2020
#2	-41.04% Nov 20, 2008 - Mar 5, 2009	-19.04% Apr 20, 2022 - Dec 14, 2023
#3	-33.06% Jul 17, 2006 - Jul 11, 2008	-17.85% Sep 21, 2018 - Apr 5, 2019
#4	-31.02% Oct 27, 2008 - Nov 20, 2008	-15.97% Nov 29, 2024 - Aug 13, 2025
#5	-22.44% Oct 10, 2008 - Oct 27, 2008	-11.74% Oct 30, 2015 - Mar 17, 2016
#6	-14.92% Jul 15, 2008 - Sep 17, 2008	-9.37% Jan 26, 2018 - Aug 7, 2018
#7	-13.57% Sep 17, 2008 - Sep 29, 2008	-8.27% Jan 4, 2022 - Mar 29, 2022
#8	-8.50% Sep 29, 2008 - Oct 3, 2008	-6.90% Mar 2, 2026 - Apr 17, 2026
#9	-0.43% Mar 5, 2009 - Mar 9, 2009	-6.00% Apr 30, 2019 - Jun 20, 2019
#10	N/A	-5.76% Jul 26, 2019 - Sep 12, 2019
#11	N/A	-5.57% Mar 28, 2024 - Jul 12, 2024
#12	N/A	-5.38% Jul 26, 2016 - Dec 7, 2016
#13	N/A	-5.18% Nov 16, 2021 - Dec 23, 2021
#14	N/A	-5.03% Sep 2, 2021 - Oct 22, 2021
#15	N/A	-4.43% Jul 31, 2024 - Aug 19, 2024

Correlation

Correlation between SDS and JPUS is -0.85 which considered as a strong negative correlation - the stocks tend to move in opposite directions.

-0.85

-101

Dividend Comparison (2006 - 2026)

SDS vs JPUS dividend yield comparison.

Year	SDS	JPUS
2026	0.70%	0.39%
2025	5.88%	2.27%
2024	7.89%	2.12%
2023	5.77%	2.26%
2022	0.35%	2.35%
2021	0.00%	1.67%
2020	0.92%	1.94%
2019	1.84%	2.09%
2018	1.28%	2.16%
2017	0.09%	1.25%
2016	0.00%	0.77%
2015	0.00%	0.48%
2008	22.43%	0.00%
2007	3.30%	0.00%
2006	1.24%	0.00%