VOO vs XPP
Vanguard S&P 500 ETF vs ProShares Ultra FTSE China 50
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | VOO | XPP | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.95% | |
| AUM | $979.0B | $9M | |
| Dividend Yield | 1.09% | 3.19% | |
| Holdings | 509 | 7 | |
| YTD Return | +13.80% | -21.21% | |
| 1Y Return | +23.71% | -13.76% | |
| 3Y Return (annualized) | +21.50% | +5.90% | |
| 5Y Return (annualized) | +13.44% | -15.45% | |
| Volatility (annualized) | 14.1% | 46.9% | |
| Max Drawdown | -34.3% | -90.5% | |
| Fund Family | Vanguard (US) | ProShares | |
| Category | Equity | Alternative | |
| Inception | Sep 7, 2010 | Jun 4, 2009 |
VOO vs XPP Performance
Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US) and ProShares Ultra FTSE China 50 (XPP) is a ETF from ProShares. Over the past year VOO returned +23.71% while XPP returned -13.76%. Year to date, VOO is up 13.80% versus a loss of 21.21% for XPP.
Over three years, VOO compounded at +21.50% per year against +5.90% for XPP; over five years the annualized figures are +13.44% and -15.45% respectively. Across the full 16-year window we track, VOO has the edge at +13.58% annualized vs -5.24%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
XPP has been the more volatile fund, with annualized monthly volatility of 46.9% 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 -34.3% for VOO and -90.5% for XPP. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
VOO charges 0.03% per year while XPP charges 0.95%. On a $10,000 position that is $3 vs $95 annually, a gap of $92 per year that compounds over a long holding period. On income, VOO currently yields 1.09% against 3.19% for XPP.
Holdings Overlap
VOO and XPP 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, VOO or XPP?
VOO has an expense ratio of 0.03% while XPP charges 0.95%. VOO is the cheaper option. On a $10,000 investment, that is $92 per year of difference.
Which performed better, VOO or XPP?
Over the past year VOO returned +23.71% vs -13.76% for XPP, so VOO leads on 1-year performance. Over the longest common window we track (16 years), VOO annualized +13.58% vs -5.24% for XPP. Past performance does not guarantee future results.
Which is riskier, VOO or XPP?
XPP has been the more volatile fund at 46.9% annualized versus 14.1% for VOO. Worst drawdown: VOO -34.3% vs XPP -90.5%.
Should I hold both VOO and XPP?
VOO and XPP have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between VOO and XPP?
VOO and XPP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 506 unique securities.
Which pays a higher dividend, VOO or XPP?
VOO yields 1.09% while XPP yields 3.19%, so XPP currently pays the higher dividend yield.
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