RWM vs VOO
ProShares Short Russell2000 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 | RWM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $108M | $997.4B | |
| Dividend Yield | 3.74% | 1.08% | |
| Holdings | 10 | 509 | |
| YTD Return | -17.70% | +14.27% | |
| 1Y Return | -23.87% | +21.79% | |
| 3Y Return (annualized) | -13.45% | +22.19% | |
| 5Y Return (annualized) | -7.06% | +13.28% | |
| Volatility (annualized) | 20.9% | 14.2% | |
| Max Drawdown | -96.9% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 23, 2007 | Sep 7, 2010 |
RWM vs VOO Performance
ProShares Short Russell2000 (RWM) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year RWM returned -23.87% while VOO returned +21.79%. Year to date, RWM is down 17.70% versus a gain of 14.27% for VOO.
Over three years, RWM compounded at -13.45% per year against +22.19% for VOO; over five years the annualized figures are -7.06% and +13.28% respectively. Across the full 16-year window we track, VOO has the edge at +13.59% annualized vs -13.88%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWM has been the more volatile fund, with annualized monthly volatility of 20.9% 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 -96.9% for RWM 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 -0.86. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
RWM 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, RWM currently yields 3.74% against 1.08% for VOO.
Holdings Overlap
RWM 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, RWM or VOO?
RWM 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, RWM or VOO?
Over the past year RWM returned -23.87% vs +21.79% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), RWM annualized -13.88% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, RWM or VOO?
RWM has been the more volatile fund at 20.9% annualized versus 14.2% for VOO. Worst drawdown: RWM -96.9% vs VOO -34.3%.
Should I hold both RWM and VOO?
RWM and VOO have a monthly-return correlation of -0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RWM and VOO?
RWM and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, RWM or VOO?
RWM yields 3.74% while VOO yields 1.08%, so RWM currently pays the higher dividend yield.
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