UTWO vs SDS
Comparison between F/M US TREASURY 2 YEAR NOTE ETF (UTWO, ETF) and ProShares UltraShort S&P500 -2x Shares (SDS, ETF).
UTWO vs SDS - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
UTWO
$443M
Winner
SDS
$443M
Expense Ratio
UTWO
0.15%
SDS
N/A
Max Drawdown
Winner
UTWO
4.63%
SDS
99.89%
Sharpe Ratio
Winner
UTWO
-0.63
SDS
-1.61
5Y Beta
UTWO
-0.02
Winner
SDS
-1.91
5Y Dividends CAGR
UTWO
N/A
SDS
9.31%
UTWO vs SDS - Historical Returns
Returns include dividend reinvestment.
1M
Winner
UTWO
-0.11%
SDS
-3.21%
3M
Winner
UTWO
-0.19%
SDS
-14.30%
6M
Winner
UTWO
+0.58%
SDS
-12.35%
1Y
Winner
UTWO
+2.92%
SDS
-32.38%
5Y(CAGR)
UTWO
N/A
SDS
-21.29%
10Y(CAGR)
UTWO
N/A
SDS
-27.33%
Max(CAGR)
Winner
UTWO
+2.94%
SDS
-25.09%
UTWO vs SDS - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | UTWO | SDS |
|---|---|---|
| 2026 | +0.17% | -13.03% |
| 2025 | +4.82% | -27.18% |
| 2024 | +3.83% | -30.24% |
| 2023 | +3.41% | -32.17% |
| 2022 | -0.81% | +32.17% |
| 2021 | N/A | -44.54% |
| 2020 | N/A | -48.99% |
| 2019 | N/A | -41.12% |
| 2018 | N/A | +7.54% |
| 2017 | N/A | -30.97% |
| 2016 | N/A | -26.29% |
| 2015 | N/A | -9.61% |
| 2014 | N/A | -27.06% |
| 2013 | N/A | -42.30% |
| 2012 | N/A | -27.66% |
| 2011 | N/A | -17.21% |
| 2010 | N/A | -29.93% |
| 2009 | N/A | -47.35% |
| 2008 | N/A | +57.43% |
| 2007 | N/A | -4.12% |
| 2006 | N/A | -19.87% |
UTWO vs SDS Drawdown Comparison
The maximum drawdown for UTWO was -2.04%, occurring on Nov 7, 2022. Recovery took 144 trading sessions.
The maximum drawdown for SDS was -99.85%, occurring on Jun 2, 2026. This drawdown has not yet recovered.
The current UTWO drawdown is -0.50%. The current SDS drawdown is -99.84%.
| Rank | UTWO | SDS |
|---|---|---|
| #1 | -2.04% Aug 15, 2022 - Mar 13, 2023 | -99.85% Mar 9, 2009 - Jun 2, 2026 |
| #2 | -1.82% May 4, 2023 - Nov 28, 2023 | -41.04% Nov 20, 2008 - Mar 5, 2009 |
| #3 | -1.08% Sep 24, 2024 - Jan 31, 2025 | -33.06% Jul 17, 2006 - Jul 11, 2008 |
| #4 | -0.90% Feb 27, 2026 - Mar 26, 2026 | -31.02% Oct 27, 2008 - Nov 20, 2008 |
| #5 | -0.77% Apr 30, 2025 - Jun 24, 2025 | -22.44% Oct 10, 2008 - Oct 27, 2008 |
| #6 | -0.75% Apr 5, 2023 - May 3, 2023 | -14.92% Jul 15, 2008 - Sep 17, 2008 |
| #7 | -0.75% Feb 1, 2024 - May 15, 2024 | -13.57% Sep 17, 2008 - Sep 29, 2008 |
| #8 | -0.64% Mar 24, 2023 - Apr 5, 2023 | -8.50% Sep 29, 2008 - Oct 3, 2008 |
| #9 | -0.58% Mar 17, 2023 - Mar 23, 2023 | -0.43% Mar 5, 2009 - Mar 9, 2009 |
| #10 | -0.47% Apr 4, 2025 - Apr 28, 2025 | N/A |
| #11 | -0.45% Mar 15, 2023 - Mar 17, 2023 | N/A |
| #12 | -0.39% Jan 12, 2024 - Jan 31, 2024 | N/A |
| #13 | -0.39% Mar 13, 2023 - Mar 15, 2023 | N/A |
| #14 | -0.32% May 15, 2024 - Jun 3, 2024 | N/A |
| #15 | -0.32% Jun 30, 2025 - Aug 1, 2025 | N/A |
Correlation
Correlation between UTWO and SDS 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)
UTWO vs SDS dividend yield comparison.
| Year | UTWO | SDS |
|---|---|---|
| 2026 | 1.45% | 0.70% |
| 2025 | 3.63% | 5.88% |
| 2024 | 4.22% | 7.89% |
| 2023 | 4.39% | 5.77% |
| 2022 | 1.22% | 0.35% |
| 2020 | 0.00% | 0.92% |
| 2019 | 0.00% | 1.84% |
| 2018 | 0.00% | 1.28% |
| 2017 | 0.00% | 0.09% |
| 2008 | 0.00% | 22.43% |
| 2007 | 0.00% | 3.30% |
| 2006 | 0.00% | 1.24% |
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