UPV vs VOO
ProShares Ultra FTSE Europe vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. UPV delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | UPV | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $16M | $979.0B | |
| Dividend Yield | 2.24% | 1.09% | |
| Holdings | 7 | 509 | |
| YTD Return | +16.55% | +13.44% | |
| 1Y Return | +39.79% | +22.62% | |
| 3Y Return (annualized) | +27.37% | +21.47% | |
| 5Y Return (annualized) | +9.25% | +13.27% | |
| Volatility (annualized) | 35.9% | 14.1% | |
| Max Drawdown | -68.7% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Apr 27, 2010 | Sep 7, 2010 |
UPV vs VOO Performance
ProShares Ultra FTSE Europe (UPV) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year UPV returned +39.79% while VOO returned +22.62%. Year to date, UPV is up 16.55% versus a gain of 13.44% for VOO.
Over three years, UPV compounded at +27.37% per year against +21.47% for VOO; over five years the annualized figures are +9.25% and +13.27% respectively. Across the full 16-year window we track, VOO has the edge at +13.55% annualized vs +8.40%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UPV has been the more volatile fund, with annualized monthly volatility of 35.9% 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 -68.7% for UPV 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 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
UPV 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, UPV currently yields 2.24% against 1.09% for VOO.
Holdings Overlap
UPV 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, UPV or VOO?
UPV 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, UPV or VOO?
Over the past year UPV returned +39.79% vs +22.62% for VOO, so UPV leads on 1-year performance. Over the longest common window we track (16 years), UPV annualized +8.40% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, UPV or VOO?
UPV has been the more volatile fund at 35.9% annualized versus 14.1% for VOO. Worst drawdown: UPV -68.7% vs VOO -34.3%.
Should I hold both UPV and VOO?
UPV and VOO have a monthly-return correlation of 0.81, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between UPV and VOO?
UPV and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, UPV or VOO?
UPV yields 2.24% while VOO yields 1.09%, so UPV currently pays the higher dividend yield.
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