URSP vs VYM
ProShares Ultra S&P 500 Equal Weight vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. URSP delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | URSP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.04% | |
| AUM | $56M | $81.6B | |
| Dividend Yield | 0.91% | 2.24% | |
| Holdings | 507 | 616 | |
| YTD Return | +28.23% | +15.34% | |
| 1Y Return | +31.86% | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 20.7% | 14.6% | |
| Max Drawdown | -15.7% | -58.8% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Aug 25, 2025 | Nov 10, 2006 |
URSP vs VYM Performance
ProShares Ultra S&P 500 Equal Weight (URSP) is a ETF from ProShares and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year URSP returned +31.86% while VYM returned +23.24%. Year to date, URSP is up 28.23% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
URSP has been the more volatile fund, with annualized monthly volatility of 20.7% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
URSP charges 0.95% per year while VYM charges 0.04%. On a $10,000 position that is $95 vs $4 annually, a gap of $91 per year that compounds over a long holding period. On income, URSP currently yields 0.91% against 2.24% for VYM.
Holdings Overlap
URSP and VYM share 241 holdings out of 865 unique holdings combined, representing a 14.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, URSP or VYM?
URSP has an expense ratio of 0.95% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $91 per year of difference.
Which performed better, URSP or VYM?
Over the past year URSP returned +31.86% vs +23.24% for VYM, so URSP leads on 1-year performance. Past performance does not guarantee future results.
Which is riskier, URSP or VYM?
URSP has been the more volatile fund at 20.7% annualized versus 14.6% for VYM. Worst drawdown: URSP -15.7% vs VYM -58.8%.
Should I hold both URSP and VYM?
URSP and VYM have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between URSP and VYM?
URSP and VYM share 241 common holdings with a 14.7% weight overlap. Combined, they hold 865 unique securities.
Which pays a higher dividend, URSP or VYM?
URSP yields 0.91% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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