RSPA vs. URSP

Last updated Aug 1, 2026

RSPA (Invesco S&P 500 Equal Weight Income Advantage ETF) and URSP (ProShares Ultra S&P 500 Equal Weight ETF) are both exchange-traded funds - RSPA is a S&P 500 fund tracking the S&P 500 Equal Weight Index, while URSP is a Leveraged Equities fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Their correlation of 0.89 means they have usually moved in the same direction. RSPA charges 0.29%/yr vs 0.95%/yr for URSP.

Performance

RSPA vs. URSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) 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, RSPA achieves a 11.50% return, which is significantly lower than URSP's 22.76% return.

RSPA

• 1D: 0.22%
• 1M: 0.86%
• 6M: 8.76%
• YTD: 11.50%
• 1Y: 19.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.97%

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)
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	$10.20M	$12.25M	$9.83M
URSP ProShares Ultra S&P 500 Equal Weight ETF	$2.68M	$2.91M	$2.10M

RSPA vs. URSP - Yearly Performance Comparison

	2026 (YTD)	2025
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	11.50%	4.07%
URSP ProShares Ultra S&P 500 Equal Weight ETF	22.76%	1.59%

Correlation

The correlation between RSPA and URSP is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025	0.89

Return for Risk

RSPA vs. URSP — Risk / Return Rank

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

RSPA

RSPA Risk / Return Rank: 84
RSPA Sharpe Ratio Rank: 84
RSPA Sortino Ratio Rank: 84
RSPA Omega Ratio Rank: 82
RSPA Calmar Ratio Rank: 81
RSPA Martin Ratio Rank: 86

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.

RSPA vs. URSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 Equal Weight Income Advantage ETF (RSPA) 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.

	RSPA	URSP	Difference
Sharpe ratio: Return per unit of total volatility	1.94	—	—
Sortino ratio: Return per unit of downside risk	2.77	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	2.98	—	—
Martin ratio: Return relative to average drawdown	12.14	—	—

Drawdowns

RSPA vs. URSP - Drawdown Comparison

The maximum RSPA drawdown since its inception was -15.37%, roughly equal to the maximum URSP drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for RSPA and URSP.

Drawdown Indicators

	RSPA	URSP	Difference
Max Drawdown Largest peak-to-trough decline	-15.37%	-15.72%	+0.35%
Max Drawdown (1Y) Largest decline over 1 year	-6.21%	—	—
Current Drawdown Current decline from peak	-0.39%	-2.52%	+2.13%
Average Drawdown Average peak-to-trough decline	-1.92%	-2.89%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	—	—

Volatility

Volatility by Period

	RSPA	URSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	6.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	9.53%	23.34%	-13.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.68%	23.34%	-10.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.68%	23.34%	-10.66%

RSPA vs. URSP - Expense Ratio Comparison

RSPA has a 0.29% expense ratio, which is lower than URSP's 0.95% expense ratio.

Dividends

RSPA vs. URSP - Dividend Comparison

RSPA's dividend yield for the trailing twelve months is around 8.93%, more than URSP's 0.91% yield.

Position	TTM	2025	2024
RSPA Invesco S&P 500 Equal Weight Income Advantage ETF	8.93%	9.14%	4.03%
URSP ProShares Ultra S&P 500 Equal Weight ETF	0.91%	0.38%	0.00%

Frequently Asked Questions

Can I hold both RSPA and URSP in my portfolio?

RSPA and URSP have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RSPA or URSP?

On fees, RSPA is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RSPA or URSP?

RSPA is cheaper with a 0.29% expense ratio, compared with 0.95% for URSP.

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

RSPA has the higher dividend yield at 8.93%, compared with 0.91% for URSP.

What is the main difference between RSPA and URSP?

RSPA is categorized as S&P 500, while URSP is Leveraged Equities. Both ETFs track S&P 500 Equal Weight Index. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.29% for RSPA and 0.95% for URSP.