EWV vs VOO
ProShares UltraShort MSCI Japan vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | EWV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $6M | $979.0B | |
| Dividend Yield | 5.07% | 1.09% | |
| Holdings | 4 | 509 | |
| YTD Return | -32.67% | +13.79% | |
| 1Y Return | -42.04% | +23.01% | |
| 3Y Return (annualized) | -30.84% | +21.78% | |
| 5Y Return (annualized) | -19.53% | +13.39% | |
| Volatility (annualized) | 30.3% | 14.1% | |
| Max Drawdown | -99.3% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Nov 6, 2007 | Sep 7, 2010 |
EWV vs VOO Performance
ProShares UltraShort MSCI Japan (EWV) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year EWV returned -42.04% while VOO returned +23.01%. Year to date, EWV is down 32.67% versus a gain of 13.79% for VOO.
Over three years, EWV compounded at -30.84% per year against +21.78% for VOO; over five years the annualized figures are -19.53% and +13.39% respectively. Across the full 16-year window we track, VOO has the edge at +13.57% annualized vs -19.92%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EWV has been the more volatile fund, with annualized monthly volatility of 30.3% 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 -99.3% for EWV 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 -0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
EWV 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, EWV currently yields 5.07% against 1.09% for VOO.
Frequently Asked Questions
Which is cheaper, EWV or VOO?
EWV 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, EWV or VOO?
Over the past year EWV returned -42.04% vs +23.01% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), EWV annualized -19.92% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, EWV or VOO?
EWV has been the more volatile fund at 30.3% annualized versus 14.1% for VOO. Worst drawdown: EWV -99.3% vs VOO -34.3%.
Should I hold both EWV and VOO?
EWV and VOO have a monthly-return correlation of -0.67, so combining them can provide real diversification depending on your allocation goals.
Which pays a higher dividend, EWV or VOO?
EWV yields 5.07% while VOO yields 1.09%, so EWV currently pays the higher dividend yield.
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