RWM vs VOO
ProShares Short Russell2000 vs Vanguard S&P 500 ETF
Which is better, RWM or VOO?
Opposite sides of the same exposure.
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.86, so holding both offsets the exposure while paying both fees.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | RWM | VOO |
|---|---|---|
| Expense Ratio | 0.95% | 0.03%Best |
| AUM | $123M | $997.4B |
| Dividend Yield | 3.76% | 1.04% |
| Holdings | 10 | 509 |
| YTD Return | -12.76% | +12.50%Best |
| 1Y Return | -15.22% | +17.58%Best |
| 3Y Return (annualized) | -12.54% | +21.27%Best |
| 5Y Return (annualized) | -5.56% | +12.95%Best |
| Volatility (annualized) | 18.4% | 14.1%Best |
| Max Drawdown | -90.7% | -34.3%Best |
| $10,000 over 5 years | $7,512 | $18,384Best |
| Fund Family | ProShares | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Trading-Inverse Equity | Large Cap Blend |
| Inception | Jan 23, 2007 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Sep 11, 2026 (16 years).
RWM vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16 years both funds cover.
RWM vs VOO Performance
ProShares Short Russell2000 (RWM) is an ETF from ProShares and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year RWM returned -15.22% while VOO returned +17.58%. Year to date, RWM is down 12.76% versus a gain of 12.50% for VOO.
Over three years, RWM compounded at -12.54% per year against +21.27% for VOO; over five years the annualized figures are -5.56% and +12.95% respectively. Across the full 16-year window we track, VOO has the edge at +13.41% annualized vs -13.46%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RWM has been the more volatile fund, with annualized monthly volatility of 18.4% 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 -90.7% for RWM and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.86. They move opposite each other. Holding both offsets the exposure rather than spreading it, while paying both funds' fees.
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 3.76% against 1.04% for VOO.
Holdings Overlap
We hold position weights for 1 holding in RWM and 505 in VOO, totalling 84.5% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 62 days apart, RWM as of Aug 31, 2026 and VOO as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 1 positions we hold weights for in RWM and 505 in VOO, against full books of 10 and 509.
You are not choosing between two funds in isolation.
Whichever of RWM and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $92 a year on a $10,000 investment.
Which performed better, RWM or VOO?
Over the past year RWM returned -15.22% vs +17.58% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), RWM annualized -13.46% vs +13.41% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, RWM or VOO?
RWM has been the more volatile fund at 18.4% annualized versus 14.1% for VOO. Worst drawdown: RWM -90.7% vs VOO -34.3%.
Should I hold both RWM and VOO?
RWM and VOO have a monthly-return correlation of -0.86, so they move opposite each other. Holding both offsets the exposure rather than spreading it, and pays both funds' fees on the way. This is information, not a recommendation.
Which pays a higher dividend, RWM or VOO?
RWM yields 3.76% while VOO yields 1.04%, so RWM currently pays the higher dividend yield.
Is VOO better than RWM?
VOO has a lower expense ratio. VOO led over 1Y, 3Y, 5Y and the full window. The two move opposite each other, correlation -0.86, so holding both offsets the exposure while paying both fees. Which one suits a particular account depends on what it is for. This is information, not a recommendation.