QQUP vs VOO
ProShares Ultra QQQ Mega 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 509 holdings.
Side-by-Side Comparison
| Metric | QQUP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $29M | $997.4B | |
| Dividend Yield | 0.63% | 1.08% | |
| Holdings | 13 | 509 | |
| YTD Return | +11.79% | +14.27% | |
| 1Y Return | +21.72% | +21.79% | |
| 3Y Return (annualized) | - | +22.19% | |
| 5Y Return (annualized) | - | +13.28% | |
| Volatility (annualized) | 48.6% | 14.2% | |
| Max Drawdown | -37.7% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jun 10, 2025 | Sep 7, 2010 |
QQUP vs VOO Performance
ProShares Ultra QQQ Mega (QQUP) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year QQUP returned +21.72% while VOO returned +21.79%. Year to date, QQUP is up 11.79% versus a gain of 14.27% for VOO.
Risk: Volatility and Drawdowns
QQUP has been the more volatile fund, with annualized monthly volatility of 48.6% compared with 14.2% 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 -37.7% for QQUP 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 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
QQUP 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, QQUP currently yields 0.63% against 1.08% for VOO.
Holdings Overlap
QQUP and VOO share 8 holdings out of 505 unique holdings combined, representing a 32.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, QQUP or VOO?
QQUP 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, QQUP or VOO?
Over the past year QQUP returned +21.72% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (1 years), QQUP annualized +48.95% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, QQUP or VOO?
QQUP has been the more volatile fund at 48.6% annualized versus 14.2% for VOO. Worst drawdown: QQUP -37.7% vs VOO -34.3%.
Should I hold both QQUP and VOO?
QQUP and VOO have a monthly-return correlation of 0.87, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between QQUP and VOO?
QQUP and VOO share 8 common holdings with a 32.5% weight overlap. Combined, they hold 505 unique securities.
Which pays a higher dividend, QQUP or VOO?
QQUP yields 0.63% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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