URSP vs VOO
ProShares Ultra S&P 500 Equal Weight vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. URSP delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | URSP | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $56M | $997.4B | |
| Dividend Yield | 0.91% | 1.08% | |
| Holdings | 507 | 509 | |
| YTD Return | +28.23% | +12.68% | |
| 1Y Return | +31.86% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 20.7% | 14.1% | |
| Max Drawdown | -15.7% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 25, 2025 | Sep 7, 2010 |
URSP vs VOO Performance
ProShares Ultra S&P 500 Equal Weight (URSP) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year URSP returned +31.86% while VOO returned +21.87%. Year to date, URSP is up 28.23% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
URSP has been the more volatile fund, with annualized monthly volatility of 20.7% 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 -15.7% for URSP 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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
URSP 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, URSP currently yields 0.91% against 1.08% for VOO.
Holdings Overlap
URSP and VOO share 489 holdings out of 519 unique holdings combined, representing a 23.9% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, URSP or VOO?
URSP 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, URSP or VOO?
Over the past year URSP returned +31.86% vs +21.87% for VOO, so URSP leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, URSP or VOO?
URSP has been the more volatile fund at 20.7% annualized versus 14.1% for VOO. Worst drawdown: URSP -15.7% vs VOO -34.3%.
Should I hold both URSP and VOO?
URSP and VOO have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between URSP and VOO?
URSP and VOO share 489 common holdings with a 23.9% weight overlap. Combined, they hold 519 unique securities.
Which pays a higher dividend, URSP or VOO?
URSP yields 0.91% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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