RXL vs VOO
ProShares Ultra Health Care vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. RXL delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | RXL | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $85M | $979.0B | |
| Dividend Yield | 1.34% | 1.09% | |
| Holdings | 67 | 509 | |
| YTD Return | +12.88% | +13.44% | |
| 1Y Return | +58.57% | +22.62% | |
| 3Y Return (annualized) | +9.42% | +21.47% | |
| 5Y Return (annualized) | +3.76% | +13.27% | |
| Volatility (annualized) | 29.4% | 14.1% | |
| Max Drawdown | -69.0% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 30, 2007 | Sep 7, 2010 |
RXL vs VOO Performance
ProShares Ultra Health Care (RXL) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year RXL returned +58.57% while VOO returned +22.62%. Year to date, RXL is up 12.88% versus a gain of 13.44% for VOO.
Over three years, RXL compounded at +9.42% per year against +21.47% for VOO; over five years the annualized figures are +3.76% and +13.27% respectively. Across the full 16-year window we track, RXL has the edge at +14.34% annualized vs +13.55%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
RXL has been the more volatile fund, with annualized monthly volatility of 29.4% 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 -69.0% for RXL 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 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
RXL 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, RXL currently yields 1.34% against 1.09% for VOO.
Holdings Overlap
RXL and VOO share 59 holdings out of 506 unique holdings combined, representing a 8.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, RXL or VOO?
RXL 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, RXL or VOO?
Over the past year RXL returned +58.57% vs +22.62% for VOO, so RXL leads on 1-year performance. Over the longest common window we track (16 years), RXL annualized +14.34% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, RXL or VOO?
RXL has been the more volatile fund at 29.4% annualized versus 14.1% for VOO. Worst drawdown: RXL -69.0% vs VOO -34.3%.
Should I hold both RXL and VOO?
RXL and VOO have a monthly-return correlation of 0.73, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between RXL and VOO?
RXL and VOO share 59 common holdings with a 8.9% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, RXL or VOO?
RXL yields 1.34% while VOO yields 1.09%, so RXL currently pays the higher dividend yield.
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