EMOT vs. URSP

Last updated Jul 19, 2026

EMOT (First Trust S&P 500 Economic Moat ETF) and URSP (ProShares Ultra S&P 500 Equal Weight ETF) are both exchange-traded funds - EMOT is a S&P 500 fund tracking the S&P 500 Economic Moat Index, while URSP is a Leveraged Equities fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Their correlation of 0.81 suggests significant overlap in exposure. EMOT charges 0.60%/yr vs 0.95%/yr for URSP.

Performance

EMOT vs. URSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust S&P 500 Economic Moat ETF (EMOT) and ProShares Ultra S&P 500 Equal Weight ETF (URSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EMOT achieves a 12.00% return, which is significantly lower than URSP's 19.91% return.

EMOT

• 1D: -1.10%
• 1M: 1.04%
• 6M: 8.19%
• YTD: 12.00%
• 1Y: 16.63%
• 3Y*: —
• 5Y*: —
• 10Y*: —

URSP

• 1D: -1.06%
• 1M: 2.28%
• 6M: 11.36%
• YTD: 19.91%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

EMOT vs. URSP - Yearly Performance Comparison

	2026 (YTD)	2025
EMOT First Trust S&P 500 Economic Moat ETF	12.00%	2.57%
URSP ProShares Ultra S&P 500 Equal Weight ETF	19.91%	1.59%

Correlation

The correlation between EMOT and URSP is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025	0.81

Return for Risk

EMOT vs. URSP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EMOT

EMOT Risk / Return Rank: 53
EMOT Sharpe Ratio Rank: 55
EMOT Sortino Ratio Rank: 55
EMOT Omega Ratio Rank: 52
EMOT Calmar Ratio Rank: 46
EMOT Martin Ratio Rank: 55

URSP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EMOT vs. URSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust S&P 500 Economic Moat ETF (EMOT) and ProShares Ultra S&P 500 Equal Weight ETF (URSP). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EMOT	URSP	Difference
Sharpe ratio: Return per unit of total volatility	1.42	—	—
Sortino ratio: Return per unit of downside risk	2.04	—	—
Omega ratio: Gain probability vs. loss probability	1.25	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	7.08	—	—

Drawdowns

EMOT vs. URSP - Drawdown Comparison

The maximum EMOT drawdown since its inception was -16.41%, roughly equal to the maximum URSP drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for EMOT and URSP.

Drawdown Indicators

	EMOT	URSP	Difference
Max Drawdown Largest peak-to-trough decline	-16.41%	-15.72%	-0.69%
Max Drawdown (1Y) Largest decline over 1 year	-9.19%	—	—
Current Drawdown Current decline from peak	-1.10%	-2.87%	+1.77%
Average Drawdown Average peak-to-trough decline	-2.01%	-2.93%	+0.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.34%	—	—

Volatility

Volatility by Period

	EMOT	URSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.94%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.70%	23.47%	-11.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.78%	23.47%	-8.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.78%	23.47%	-8.69%

EMOT vs. URSP - Expense Ratio Comparison

EMOT has a 0.60% expense ratio, which is lower than URSP's 0.95% expense ratio.

Dividends

EMOT vs. URSP - Dividend Comparison

EMOT's dividend yield for the trailing twelve months is around 1.08%, more than URSP's 0.93% yield.

Position	TTM	2025	2024
EMOT First Trust S&P 500 Economic Moat ETF	1.08%	0.84%	0.37%
URSP ProShares Ultra S&P 500 Equal Weight ETF	0.93%	0.38%	0.00%

Frequently Asked Questions

Can I hold both EMOT and URSP in my portfolio?

EMOT and URSP have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EMOT or URSP?

On fees, EMOT is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EMOT or URSP?

EMOT is cheaper with a 0.60% expense ratio, compared with 0.95% for URSP.

Which ETF pays a higher dividend yield, EMOT or URSP?

EMOT has the higher dividend yield at 1.08%, compared with 0.93% for URSP.

What is the main difference between EMOT and URSP?

EMOT is categorized as S&P 500, while URSP is Leveraged Equities. EMOT tracks S&P 500 Economic Moat Index, while URSP tracks S&P 500 Equal Weight Index. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.60% for EMOT and 0.95% for URSP.