SDS vs VKI

Comparison between ProShares UltraShort S&P500 -2x Shares (SDS, ETF) and Invesco Advantage Municipal Income Trust II (VKI, ETF).

5-Year PerformanceVKI has outperformed SDS, delivering a return of +0.4% compared to -20.7%

SDS vs VKI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SDS(ETF)	VKI(ETF)
Net Assets	$398M	$397M
Max Drawdown	99.89%	61.69%
Sharpe Ratio	-1.27	1.16
5Y Beta	-1.92	0.24
5Y Dividends CAGR	22.27%	3.39%

Net Assets

Winner

SDS

$398M

VKI

$397M

Max Drawdown

SDS

99.89%

Winner

VKI

61.69%

Sharpe Ratio

SDS

-1.27

Winner

VKI

1.16

5Y Beta

Winner

SDS

-1.92

VKI

0.24

5Y Dividends CAGR

Winner

SDS

22.27%

VKI

3.39%

SDS vs VKI - Historical Returns

Returns include dividend reinvestment.

Period	SDS	VKI
1 month	-0.50%	-1.48%
3 months	-10.66%	+3.68%
6 months	-15.07%	+3.49%
1 year	-26.57%	+19.22%
5 years(CAGR)	-20.67%	+0.38%
10 years(CAGR)	-27.05%	+2.02%
Max(CAGR)	-25.06%	+5.68%

Winner

SDS

-0.50%

VKI

-1.48%

SDS

-10.66%

Winner

VKI

+3.68%

SDS

-15.07%

Winner

VKI

+3.49%

SDS

-26.57%

Winner

VKI

+19.22%

5Y(CAGR)

SDS

-20.67%

Winner

VKI

+0.38%

10Y(CAGR)

SDS

-27.05%

Winner

VKI

+2.02%

Max(CAGR)

SDS

-25.06%

Winner

VKI

+5.68%

SDS vs VKI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SDS	VKI
2026	-15.42%	+3.67%
2025	-27.18%	+11.28%
2024	-30.24%	+9.30%
2023	-32.17%	+2.46%
2022	+32.17%	-25.96%
2021	-44.54%	+12.89%
2020	-48.99%	+7.07%
2019	-41.12%	+16.75%
2018	+7.54%	-7.66%
2017	-30.97%	+8.11%
2016	-26.29%	+0.82%
2015	-9.61%	+8.01%
2014	-27.06%	+18.32%
2013	-42.30%	-15.90%
2012	-27.66%	+13.08%
2011	-17.21%	+18.94%
2010	-29.93%	+6.29%
2009	-47.35%	+55.49%
2008	+57.43%	-34.85%
2007	-4.12%	-6.41%
2006	-19.87%	+6.04%
2005	N/A	+7.40%
2004	N/A	-6.40%
2003	N/A	+12.27%
2002	N/A	+21.72%
2001	N/A	+12.53%
2000	N/A	+16.25%
1999	N/A	-3.32%

SDS vs VKI 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 VKI was -52.11%, occurring on Dec 15, 2008. Recovery took 404 trading sessions.

The current SDS drawdown is -99.85%. The current VKI drawdown is -5.54%.

Rank	SDS	VKI
#1	-99.85% Mar 9, 2009 - Jun 2, 2026	-52.11% Feb 12, 2008 - Sep 18, 2009
#2	-41.04% Nov 20, 2008 - Mar 5, 2009	-38.33% Sep 15, 2021 - Oct 25, 2023
#3	-33.06% Jul 17, 2006 - Jul 11, 2008	-25.25% Feb 25, 2020 - Nov 24, 2020
#4	-31.02% Oct 27, 2008 - Nov 20, 2008	-24.20% Oct 26, 2012 - Jan 30, 2015
#5	-22.44% Oct 10, 2008 - Oct 27, 2008	-19.70% Aug 10, 2016 - Jul 31, 2019
#6	-14.92% Jul 15, 2008 - Sep 17, 2008	-19.36% Mar 24, 2004 - Jan 11, 2006
#7	-13.57% Sep 17, 2008 - Sep 29, 2008	-17.56% Aug 17, 2010 - Aug 31, 2011
#8	-8.50% Sep 29, 2008 - Oct 3, 2008	-14.35% Apr 25, 2007 - Jan 24, 2008
#9	-0.43% Mar 5, 2009 - Mar 9, 2009	-12.14% Jun 10, 2003 - Nov 26, 2003
#10	N/A	-11.03% Feb 4, 2000 - Jul 5, 2000
#11	N/A	-10.96% Oct 6, 2009 - Feb 12, 2010
#12	N/A	-10.92% Nov 16, 1999 - Feb 3, 2000
#13	N/A	-8.78% Feb 2, 2015 - Dec 1, 2015
#14	N/A	-8.01% Oct 7, 2002 - Jan 30, 2003
#15	N/A	-7.88% Jan 27, 2006 - Oct 30, 2006

Correlation

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

-0.85

-101

Dividend Comparison (1999 - 2026)

SDS vs VKI dividend yield comparison.

Year	SDS	VKI
2026	1.81%	4.33%
2025	5.88%	7.36%
2024	7.89%	6.43%
2023	5.77%	4.61%
2022	0.35%	6.04%
2021	0.00%	4.77%
2020	0.92%	4.72%
2019	1.84%	4.91%
2018	1.28%	6.25%
2017	0.09%	5.77%
2016	0.00%	6.61%
2015	0.00%	6.62%
2014	0.00%	6.62%
2013	0.00%	7.61%
2012	0.00%	6.65%
2011	0.00%	7.03%
2010	0.00%	7.72%
2009	0.00%	6.87%
2008	22.43%	9.76%
2007	3.30%	5.72%
2006	1.24%	5.16%
2005	0.00%	8.51%
2004	0.00%	7.13%
2003	0.00%	6.58%
2002	0.00%	6.81%
2001	0.00%	5.21%
2000	0.00%	6.52%
1999	0.00%	1.19%