RSPE vs. UPRO

Last updated Aug 4, 2026

RSPE (Invesco ESG S&P 500 Equal Weight ETF) and UPRO (ProShares UltraPro S&P 500) are both exchange-traded funds - RSPE is a S&P 500 fund tracking the S&P 500 Equal Weight ESG Leaders Select Index, while UPRO is a Leveraged Equities fund tracking the S&P 500. Both are passively managed. Over the past 3 years, RSPE returned 15.88%/yr vs 46.49%/yr for UPRO. Their correlation of 0.86 means they have usually moved in the same direction. RSPE charges 0.20%/yr vs 0.89%/yr for UPRO.

Performance

RSPE vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco ESG S&P 500 Equal Weight ETF (RSPE) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RSPE achieves a 16.35% return, which is significantly lower than UPRO's 26.96% return.

RSPE

• 1D: 0.71%
• 1M: 0.61%
• 6M: 11.63%
• YTD: 16.35%
• 1Y: 27.64%
• 3Y*: 15.88%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 8.99%

UPRO

• 1D: 4.31%
• 1M: 3.94%
• 6M: 21.04%
• YTD: 26.96%
• 1Y: 60.49%
• 3Y*: 46.49%
• 5Y*: 20.10%
• 10Y*: 28.55%
• ALL TIME*: 33.42%

*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)
RSPE Invesco ESG S&P 500 Equal Weight ETF	$309.58K	$266.66K	$342.82K
UPRO ProShares UltraPro S&P 500	$303.16M	$293.07M	$361.38M

RSPE vs. UPRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
RSPE Invesco ESG S&P 500 Equal Weight ETF	16.35%	14.58%	10.87%	13.97%	-12.21%	1.42%
UPRO ProShares UltraPro S&P 500	26.96%	31.88%	63.57%	68.53%	-56.84%	3.35%

Correlation

The correlation between RSPE and UPRO is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (All Time) Calculated using the full available price history since Nov 17, 2021	0.86

The correlation between RSPE and UPRO shifts across timeframes, from 0.71 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

RSPE vs. UPRO - Sectors Allocation Comparison

Sectors	RSPE	UPRO
Technology	17.9%	38.5%
Industrials	17.4%	8.4%
Financial Services	15.5%	11.6%
Healthcare	13.4%	8.9%
Consumer Cyclical	11.1%	9.5%
Consumer Defensive	6.8%	4.5%
Real Estate	6.8%	1.8%
Basic Materials	4.7%	1.7%
Communication Services	3.6%	9.9%
Utilities	2.8%	2.2%
Energy	-	3.0%

Return for Risk

RSPE vs. UPRO — Risk / Return Rank

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

RSPE

RSPE Risk / Return Rank: 85
RSPE Sharpe Ratio Rank: 88
RSPE Sortino Ratio Rank: 88
RSPE Omega Ratio Rank: 85
RSPE Calmar Ratio Rank: 81
RSPE Martin Ratio Rank: 85

UPRO

UPRO Risk / Return Rank: 65
UPRO Sharpe Ratio Rank: 68
UPRO Sortino Ratio Rank: 61
UPRO Omega Ratio Rank: 62
UPRO Calmar Ratio Rank: 63
UPRO Martin Ratio Rank: 70

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.

RSPE vs. UPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco ESG S&P 500 Equal Weight ETF (RSPE) and ProShares UltraPro S&P 500 (UPRO). 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.

	RSPE	UPRO	Difference
Sharpe ratio: Return per unit of total volatility	2.21	1.58	+0.62
Sortino ratio: Return per unit of downside risk	3.12	2.09	+1.04
Omega ratio: Gain probability vs. loss probability	1.39	1.27	+0.12
Calmar ratio: Return relative to maximum drawdown	3.10	2.27	+0.83
Martin ratio: Return relative to average drawdown	12.61	8.68	+3.93

RSPE vs. UPRO - Sharpe Ratio Comparison

The current RSPE Sharpe Ratio is 2.21, which is higher than the UPRO Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of RSPE and UPRO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RSPE vs. UPRO - Drawdown Comparison

The maximum RSPE drawdown since its inception was -22.93%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for RSPE and UPRO.

Drawdown Indicators

	RSPE	UPRO	Difference
Max Drawdown Largest peak-to-trough decline	-22.93%	-76.82%	+53.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.95%	-26.78%	+17.83%
Max Drawdown (3Y) Largest decline over 3 years	-18.58%	-48.87%	+30.29%
Max Drawdown (5Y) Largest decline over 5 years	—	-63.94%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-76.82%	—
Current Drawdown Current decline from peak	-0.26%	-2.80%	+2.54%
Average Drawdown Average peak-to-trough decline	-5.86%	-14.34%	+8.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.20%	6.99%	-4.79%

Volatility

RSPE vs. UPRO - Volatility Comparison

The current volatility for Invesco ESG S&P 500 Equal Weight ETF (RSPE) is 2.87%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 11.49%. This indicates that RSPE experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSPE	UPRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.87%	11.49%	-8.62%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	30.61%	-21.35%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	38.43%	-25.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.60%	50.74%	-34.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.60%	53.81%	-37.21%

RSPE vs. UPRO - Expense Ratio Comparison

RSPE has a 0.20% expense ratio, which is lower than UPRO's 0.89% expense ratio.

Dividends

RSPE vs. UPRO - Dividend Comparison

RSPE's dividend yield for the trailing twelve months is around 1.44%, more than UPRO's 0.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSPE Invesco ESG S&P 500 Equal Weight ETF	1.44%	1.63%	1.57%	1.91%	1.83%	0.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UPRO ProShares UltraPro S&P 500	0.74%	0.84%	0.93%	0.74%	0.52%	0.06%	0.11%	0.41%	0.63%	0.00%	0.12%	0.34%

Frequently Asked Questions

Can I hold both RSPE and UPRO in my portfolio?

RSPE and UPRO have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSPE or UPRO?

UPRO has higher volatility (11.49%) compared to RSPE (2.87%). In terms of maximum drawdown, RSPE dropped -22.93% vs UPRO's -76.82%.

Which ETF is better, RSPE or UPRO?

On 3-year performance, UPRO leads with 46.49% vs 15.88% for RSPE. On fees, RSPE is cheaper at 0.20% per year. On volatility, RSPE has been the lower-risk option at 2.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSPE or UPRO?

Over the 3-year period, UPRO has performed better with a 46.49% return vs 15.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSPE or UPRO?

RSPE is cheaper with a 0.20% expense ratio, compared with 0.89% for UPRO.

Which ETF pays a higher dividend yield, RSPE or UPRO?

RSPE has the higher dividend yield at 1.44%, compared with 0.74% for UPRO.

What is the main difference between RSPE and UPRO?

RSPE is categorized as S&P 500, while UPRO is Leveraged Equities. RSPE tracks S&P 500 Equal Weight ESG Leaders Select Index, while UPRO tracks S&P 500. They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.20% for RSPE and 0.89% for UPRO.

Which has better risk-adjusted returns?

RSPE currently has the higher Sharpe Ratio (2.21 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.