SDS vs UTWO
Comparison between ProShares UltraShort S&P500 -2x Shares (SDS, ETF) and F/M US TREASURY 2 YEAR NOTE ETF (UTWO, ETF).
SDS vs UTWO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
SDS
$443M
UTWO
$443M
Expense Ratio
SDS
N/A
UTWO
0.15%
Max Drawdown
SDS
99.89%
Winner
UTWO
4.63%
Sharpe Ratio
SDS
-1.61
Winner
UTWO
-0.63
5Y Beta
Winner
SDS
-1.91
UTWO
-0.02
5Y Dividends CAGR
SDS
9.31%
UTWO
N/A
SDS vs UTWO - Historical Returns
Returns include dividend reinvestment.
1M
SDS
-3.21%
Winner
UTWO
-0.11%
3M
SDS
-14.30%
Winner
UTWO
-0.19%
6M
SDS
-12.35%
Winner
UTWO
+0.58%
1Y
SDS
-32.38%
Winner
UTWO
+2.92%
5Y(CAGR)
SDS
-21.29%
UTWO
N/A
10Y(CAGR)
SDS
-27.33%
UTWO
N/A
Max(CAGR)
SDS
-25.09%
Winner
UTWO
+2.94%
SDS vs UTWO - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | SDS | UTWO |
|---|---|---|
| 2026 | -13.03% | +0.17% |
| 2025 | -27.18% | +4.82% |
| 2024 | -30.24% | +3.83% |
| 2023 | -32.17% | +3.41% |
| 2022 | +32.17% | -0.81% |
| 2021 | -44.54% | N/A |
| 2020 | -48.99% | N/A |
| 2019 | -41.12% | N/A |
| 2018 | +7.54% | N/A |
| 2017 | -30.97% | N/A |
| 2016 | -26.29% | N/A |
| 2015 | -9.61% | N/A |
| 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 UTWO 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 UTWO was -2.04%, occurring on Nov 7, 2022. Recovery took 144 trading sessions.
The current SDS drawdown is -99.84%. The current UTWO drawdown is -0.50%.
| Rank | SDS | UTWO |
|---|---|---|
| #1 | -99.85% Mar 9, 2009 - Jun 2, 2026 | -2.04% Aug 15, 2022 - Mar 13, 2023 |
| #2 | -41.04% Nov 20, 2008 - Mar 5, 2009 | -1.82% May 4, 2023 - Nov 28, 2023 |
| #3 | -33.06% Jul 17, 2006 - Jul 11, 2008 | -1.08% Sep 24, 2024 - Jan 31, 2025 |
| #4 | -31.02% Oct 27, 2008 - Nov 20, 2008 | -0.90% Feb 27, 2026 - Mar 26, 2026 |
| #5 | -22.44% Oct 10, 2008 - Oct 27, 2008 | -0.77% Apr 30, 2025 - Jun 24, 2025 |
| #6 | -14.92% Jul 15, 2008 - Sep 17, 2008 | -0.75% Apr 5, 2023 - May 3, 2023 |
| #7 | -13.57% Sep 17, 2008 - Sep 29, 2008 | -0.75% Feb 1, 2024 - May 15, 2024 |
| #8 | -8.50% Sep 29, 2008 - Oct 3, 2008 | -0.64% Mar 24, 2023 - Apr 5, 2023 |
| #9 | -0.43% Mar 5, 2009 - Mar 9, 2009 | -0.58% Mar 17, 2023 - Mar 23, 2023 |
| #10 | N/A | -0.47% Apr 4, 2025 - Apr 28, 2025 |
| #11 | N/A | -0.45% Mar 15, 2023 - Mar 17, 2023 |
| #12 | N/A | -0.39% Jan 12, 2024 - Jan 31, 2024 |
| #13 | N/A | -0.39% Mar 13, 2023 - Mar 15, 2023 |
| #14 | N/A | -0.32% May 15, 2024 - Jun 3, 2024 |
| #15 | N/A | -0.32% Jun 30, 2025 - Aug 1, 2025 |
Correlation
Correlation between SDS and UTWO is -0.93 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
-0.93
-101
Dividend Comparison (2006 - 2026)
SDS vs UTWO dividend yield comparison.
| Year | SDS | UTWO |
|---|---|---|
| 2026 | 0.70% | 1.45% |
| 2025 | 5.88% | 3.63% |
| 2024 | 7.89% | 4.22% |
| 2023 | 5.77% | 4.39% |
| 2022 | 0.35% | 1.22% |
| 2020 | 0.92% | 0.00% |
| 2019 | 1.84% | 0.00% |
| 2018 | 1.28% | 0.00% |
| 2017 | 0.09% | 0.00% |
| 2008 | 22.43% | 0.00% |
| 2007 | 3.30% | 0.00% |
| 2006 | 1.24% | 0.00% |
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