UPAR vs VOO
UPAR Ultra Risk Parity ETF vs Vanguard S&P 500 ETF
Which is better, UPAR or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window.
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 | UPAR | VOO |
|---|---|---|
| Expense Ratio | 0.68% | 0.03%Best |
| AUM | $60M | $997.4B |
| Dividend Yield | 3.43% | 1.08% |
| Holdings | 140 | 509 |
| YTD Return | +7.39% | +13.37%Best |
| 1Y Return | +17.17% | +20.08%Best |
| 3Y Return (annualized) | +11.82% | +21.29%Best |
| 5Y Return (annualized) | - | +12.89% |
| Volatility (annualized) | 19.4% | 15.6%Best |
| Max Drawdown | -39.0% | -24.5%Best |
| $10,000 over 4.7 years | $9,652 | $17,257Best |
| Fund Family | Rpar ETF | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jan 3, 2022 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 4.7 years row, are measured over the window both funds cover: Jan 4, 2022 to Sep 4, 2026 (4.7 years).
UPAR 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 4.7 years both funds cover.
UPAR vs VOO Performance
UPAR Ultra Risk Parity ETF (UPAR) is an ETF from Rpar ETF and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year UPAR returned +17.17% while VOO returned +20.08%. Year to date, UPAR is up 7.39% versus a gain of 13.37% for VOO.
Over three years, UPAR compounded at +11.82% per year against +21.29% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UPAR has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 15.6% 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 -39.0% for UPAR and -24.5% 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
UPAR charges 0.68% per year while VOO charges 0.03%. On a $10,000 position that is $68 vs $3 annually, a gap of $65 per year that compounds over a long holding period. On income, UPAR currently yields 3.43% against 1.08% for VOO.
Holdings Overlap
At least 2.7% of VOO's money is in holdings UPAR also owns.
Stated as a floor: for UPAR, our book for it covers 48.6% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
VOO and UPAR share little of their money.
The two holdings books were reported 61 days apart, UPAR as of Apr 30, 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.
21 positions in common, counted across the 129 positions we hold weights for in UPAR and 505 in VOO, against full books of 140 and 509.
Top Shared Holdings
| Stock | Weight in UPAR | Weight in VOO | Difference |
|---|---|---|---|
| XOMExxon Mobil Corp. | 2.01% | 0.88% | 1.13% |
| VEAVanguard Ftse Developed Markets ETF | 2.64% | 0.01% | 2.63% |
| DEDeere & Co Sedol 2261203 | 1.64% | 0.25% | 1.39% |
| CVXChevron Corp | 1.18% | 0.48% | 0.70% |
| COPConocophillips Common Stock USD 0.01 | 0.45% | 0.20% | 0.25% |
| FCXFreeport-mcmoran Copper & Gold Inc. | 0.50% | 0.14% | 0.36% |
| CTVACorteva Inc Ctva | 0.54% | 0.09% | 0.45% |
| EOGEog Resources Inc | 0.24% | 0.11% | 0.13% |
| ECLEcolab, Inc. | 0.23% | 0.11% | 0.12% |
| FSLRFirst Solar, Inc | 0.26% | 0.04% | 0.22% |
You are not choosing between two funds in isolation.
Whichever of UPAR 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, UPAR or VOO?
UPAR has an expense ratio of 0.68% while VOO charges 0.03%. VOO is the cheaper option, by $65 a year on a $10,000 investment.
Which performed better, UPAR or VOO?
Over the past year UPAR returned +17.17% vs +20.08% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, UPAR or VOO?
UPAR has been the more volatile fund at 19.4% annualized versus 15.6% for VOO. Worst drawdown: UPAR -39.0% vs VOO -24.5%.
Should I hold both UPAR and VOO?
UPAR and VOO have a monthly-return correlation of 0.78, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between UPAR and VOO?
At least 2.7% of VOO's money is in holdings UPAR also owns. Our book for UPAR is partial, so the real figure is this or higher. They hold 21 positions in common, counted across the 129 positions we hold weights for in UPAR and 505 in VOO.
Which pays a higher dividend, UPAR or VOO?
UPAR yields 3.43% while VOO yields 1.08%, so UPAR currently pays the higher dividend yield.
Is VOO better than UPAR?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.