Quick Verdict

VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.

Lower Fees: VOOHigher Returns: VOOMore Diversified: VOO

Side-by-Side Comparison

MetricEEVVOOWinner
Expense Ratio0.95%0.03%
AUM$3M$979.0B
Dividend Yield8.08%1.09%
Holdings6509
YTD Return-34.84%+13.80%
1Y Return-50.21%+23.71%
3Y Return (annualized)-32.29%+21.50%
5Y Return (annualized)-16.58%+13.44%
Volatility (annualized)37.5%14.1%
Max Drawdown-99.9%-34.3%
Fund FamilyProSharesVanguard (US)
CategoryAlternativeEquity
InceptionOct 30, 2007Sep 7, 2010

EEV vs VOO Performance

ProShares UltraShort MSCI Emerging Markets (EEV) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EEV returned -50.21% while VOO returned +23.71%. Year to date, EEV is down 34.84% versus a gain of 13.80% for VOO.

Over three years, EEV compounded at -32.29% per year against +21.50% for VOO; over five years the annualized figures are -16.58% and +13.44% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs -25.89%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

EEV has been the more volatile fund, with annualized monthly volatility of 37.5% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -99.9% for EEV and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at -0.68. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

EEV charges 0.95% per year while VOO charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, EEV currently yields 8.08% against 1.09% for VOO.

Holdings Overlap

0.0%overlap

EEV and VOO share 0 holdings out of 506 unique holdings combined, representing a 0.0% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Frequently Asked Questions

Which is cheaper, EEV or VOO?

EEV has an expense ratio of 0.95% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $92 per year of difference.

Which performed better, EEV or VOO?

Over the past year EEV returned -50.21% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), EEV annualized -25.89% vs +13.58% for VOO. Past performance does not guarantee future results.

Which is riskier, EEV or VOO?

EEV has been the more volatile fund at 37.5% annualized versus 14.1% for VOO. Worst drawdown: EEV -99.9% vs VOO -34.3%.

Should I hold both EEV and VOO?

EEV and VOO have a monthly-return correlation of -0.68, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between EEV and VOO?

EEV and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.

Which pays a higher dividend, EEV or VOO?

EEV yields 8.08% while VOO yields 1.09%, so EEV currently pays the higher dividend yield.

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