UST vs SPY
Comparison between PROSHARES ULTRA 7-10 YEAR TREASURY (UST, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed UST, delivering a return of +13.3% compared to -6.9%
UST vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
UST vs SPY - Historical Returns
Returns include dividend reinvestment.
UST vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | UST | SPY |
|---|---|---|
| 2026 | -3.49% | +8.26% |
| 2025 | +11.29% | +18.00% |
| 2024 | -5.29% | +25.59% |
| 2023 | -1.29% | +26.72% |
| 2022 | -29.42% | -18.64% |
| 2021 | -8.01% | +30.52% |
| 2020 | +18.04% | +17.28% |
| 2019 | +12.75% | +31.09% |
| 2018 | -0.53% | -5.24% |
| 2017 | +3.38% | +20.78% |
| 2016 | -0.26% | +13.59% |
| 2015 | +0.95% | +1.31% |
| 2014 | +16.90% | +14.56% |
| 2013 | -11.74% | +29.00% |
| 2012 | +7.81% | +14.17% |
| 2011 | +31.91% | +0.85% |
| 2010 | +14.49% | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
UST vs SPY Drawdown Comparison
The maximum drawdown for UST was -48.00%, occurring on Oct 19, 2023. This drawdown has not yet recovered.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current UST drawdown is -38.84%. The current SPY drawdown is -2.90%.
| Rank | UST | SPY |
|---|---|---|
| #1 | -48.00% Aug 4, 2020 - Oct 19, 2023 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -20.06% Jul 8, 2016 - Aug 1, 2019 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -17.55% May 2, 2013 - Dec 12, 2014 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -15.50% Nov 4, 2010 - Jul 29, 2011 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -10.71% Jan 30, 2015 - Feb 2, 2016 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -9.13% Mar 9, 2020 - Apr 1, 2020 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -8.62% Sep 22, 2011 - Dec 19, 2011 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -7.60% Jan 31, 2012 - May 4, 2012 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -6.86% Sep 4, 2019 - Feb 21, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -6.28% Jul 25, 2012 - Apr 26, 2013 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -5.24% Feb 11, 2016 - Jun 9, 2016 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -4.57% Mar 17, 2010 - Apr 27, 2010 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -4.41% Aug 31, 2010 - Sep 27, 2010 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -4.20% Oct 7, 2010 - Nov 4, 2010 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -3.99% Apr 21, 2020 - Jul 21, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between UST and SPY is 0.12 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (1999 - 2026)
UST vs SPY dividend yield comparison.
| Year | UST | SPY |
|---|---|---|
| 2026 | 0.46% | 0.24% |
| 2025 | 3.65% | 1.07% |
| 2024 | 4.09% | 1.21% |
| 2023 | 3.49% | 1.40% |
| 2022 | 0.47% | 1.65% |
| 2021 | 0.27% | 1.20% |
| 2020 | 0.53% | 1.52% |
| 2019 | 1.42% | 1.75% |
| 2018 | 1.71% | 2.04% |
| 2017 | 0.84% | 1.80% |
| 2016 | 0.64% | 2.03% |
| 2015 | 0.75% | 2.06% |
| 2014 | 4.91% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.02% | 2.18% |
| 2011 | 0.02% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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