QVMT vs. URSP

Last updated Aug 2, 2026

QVMT (Invesco S&P S&P 500 Concentrated QVM ETF) and URSP (ProShares Ultra S&P 500 Equal Weight ETF) are both exchange-traded funds - QVMT is a S&P 500 fund tracking the S&P 500 Quality, Value & Momentum Multi-factor Index, while URSP is a Leveraged Equities fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. QVMT charges 0.13%/yr vs 0.95%/yr for URSP.

Performance

QVMT vs. URSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) 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, QVMT achieves a 14.62% return, which is significantly lower than URSP's 22.76% return.

QVMT

• 1D: -0.50%
• 1M: -2.65%
• 6M: 11.45%
• YTD: 14.62%
• 1Y: 32.14%
• 3Y*: 17.87%
• 5Y*: 12.30%
• 10Y*: 12.55%
• ALL TIME*: 11.80%

URSP

• 1D: -0.29%
• 1M: -0.25%
• 6M: 15.52%
• YTD: 22.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
QVMT Invesco S&P S&P 500 Concentrated QVM ETF	$936.15K	$987.45K	$703.91K
URSP ProShares Ultra S&P 500 Equal Weight ETF	$2.68M	$2.91M	$2.10M

QVMT vs. URSP - Yearly Performance Comparison

	2026 (YTD)	2025
QVMT Invesco S&P S&P 500 Concentrated QVM ETF	14.62%	7.00%
URSP ProShares Ultra S&P 500 Equal Weight ETF	22.76%	1.59%

Correlation

The correlation between QVMT and URSP is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025	0.62

Return for Risk

QVMT vs. URSP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

QVMT

QVMT Risk / Return Rank: 85
QVMT Sharpe Ratio Rank: 86
QVMT Sortino Ratio Rank: 85
QVMT Omega Ratio Rank: 83
QVMT Calmar Ratio Rank: 85
QVMT Martin Ratio Rank: 88

URSP

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

QVMT vs. URSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P S&P 500 Concentrated QVM ETF (QVMT) 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.

	QVMT	URSP	Difference
Sharpe ratio: Return per unit of total volatility	2.04	—	—
Sortino ratio: Return per unit of downside risk	2.84	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.27	—	—
Martin ratio: Return relative to average drawdown	13.45	—	—

Drawdowns

QVMT vs. URSP - Drawdown Comparison

The maximum QVMT drawdown since its inception was -48.05%, which is greater than URSP's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for QVMT and URSP.

Drawdown Indicators

	QVMT	URSP	Difference
Max Drawdown Largest peak-to-trough decline	-48.05%	-15.72%	-32.33%
Max Drawdown (1Y) Largest decline over 1 year	-9.23%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-14.42%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-48.05%	—	—
Current Drawdown Current decline from peak	-7.15%	-2.52%	-4.63%
Average Drawdown Average peak-to-trough decline	-6.29%	-2.89%	-3.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	—	—

Volatility

Volatility by Period

	QVMT	URSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	14.90%	23.34%	-8.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	23.34%	-5.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.22%	23.34%	-2.12%

QVMT vs. URSP - Expense Ratio Comparison

QVMT has a 0.13% expense ratio, which is lower than URSP's 0.95% expense ratio.

Dividends

QVMT vs. URSP - Dividend Comparison

QVMT's dividend yield for the trailing twelve months is around 1.90%, more than URSP's 0.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QVMT Invesco S&P S&P 500 Concentrated QVM ETF	1.90%	2.42%	2.71%	3.05%	2.49%	2.31%	2.70%	2.23%	2.48%	2.37%	1.11%	0.54%
URSP ProShares Ultra S&P 500 Equal Weight ETF	0.91%	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QVMT and URSP in my portfolio?

QVMT and URSP have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, QVMT or URSP?

On fees, QVMT is cheaper at 0.13% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, QVMT or URSP?

QVMT is cheaper with a 0.13% expense ratio, compared with 0.95% for URSP.

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

QVMT has the higher dividend yield at 1.90%, compared with 0.91% for URSP.

What is the main difference between QVMT and URSP?

QVMT is categorized as S&P 500, while URSP is Leveraged Equities. QVMT tracks S&P 500 Quality, Value & Momentum Multi-factor Index, while URSP tracks S&P 500 Equal Weight Index. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.13% for QVMT and 0.95% for URSP.