TTT vs VOO
ProShares UltraPro Short 20 Year Treasury 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 | TTT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $17M | $997.4B | |
| Dividend Yield | 8.37% | 1.08% | |
| Holdings | 10 | 509 | |
| YTD Return | +14.75% | +12.87% | |
| 1Y Return | +6.91% | +21.15% | |
| 3Y Return (annualized) | +4.71% | +20.93% | |
| 5Y Return (annualized) | +24.10% | +12.76% | |
| Volatility (annualized) | 39.0% | 14.1% | |
| Max Drawdown | -94.1% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Mar 27, 2012 | Sep 7, 2010 |
TTT vs VOO Performance
ProShares UltraPro Short 20 Year Treasury (TTT) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year TTT returned +6.91% while VOO returned +21.15%. Year to date, TTT is up 14.75% versus a gain of 12.87% for VOO.
Over three years, TTT compounded at +4.71% per year against +20.93% for VOO; over five years the annualized figures are +24.10% and +12.76% respectively. Across the full 14-year window we track, VOO has the edge at +13.46% annualized vs -9.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
TTT has been the more volatile fund, with annualized monthly volatility of 39.0% 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 -94.1% for TTT 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 -0.06. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
TTT 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, TTT currently yields 8.37% against 1.08% for VOO.
Holdings Overlap
TTT 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, TTT or VOO?
TTT 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, TTT or VOO?
Over the past year TTT returned +6.91% vs +21.15% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (14 years), TTT annualized -9.36% vs +13.46% for VOO. Past performance does not guarantee future results.
Which is riskier, TTT or VOO?
TTT has been the more volatile fund at 39.0% annualized versus 14.1% for VOO. Worst drawdown: TTT -94.1% vs VOO -34.3%.
Should I hold both TTT and VOO?
TTT and VOO have a monthly-return correlation of -0.06, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between TTT and VOO?
TTT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, TTT or VOO?
TTT yields 8.37% while VOO yields 1.08%, so TTT currently pays the higher dividend yield.
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