RSSB vs. UPRO

Last updated Jun 4, 2026

RSSB (Return Stacked Global Stocks & Bonds ETF) and UPRO (ProShares UltraPro S&P 500) are both exchange-traded funds - RSSB is a Global Allocation fund actively managed by Return Stacked, while UPRO is a Leveraged Equities fund tracking the S&P 500. RSSB is actively managed, while UPRO is passively managed. Over the past year, RSSB returned 27.89% vs 80.84% for UPRO. Their correlation of 0.85 suggests significant overlap in exposure. RSSB charges 0.41%/yr vs 0.89%/yr for UPRO.

Performance

RSSB vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Return Stacked Global Stocks & Bonds ETF (RSSB) 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, RSSB achieves a 9.57% return, which is significantly lower than UPRO's 27.90% return.

RSSB

• 1D: -1.22%
• 1M: 4.37%
• YTD: 9.57%
• 6M: 9.59%
• 1Y: 27.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —

UPRO

• 1D: -2.09%
• 1M: 14.64%
• YTD: 27.90%
• 6M: 26.67%
• 1Y: 80.84%
• 3Y*: 52.58%
• 5Y*: 23.13%
• 10Y*: 30.09%

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

RSSB vs. UPRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RSSB Return Stacked Global Stocks & Bonds ETF	9.57%	25.16%	10.53%	6.73%
UPRO ProShares UltraPro S&P 500	27.90%	31.88%	63.57%	12.90%

Correlation

The correlation between RSSB and UPRO is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 6, 2023	0.85

The correlation between RSSB and UPRO has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.

RSSB vs. UPRO - Sectors Allocation Comparison

Sectors	RSSB	UPRO
Technology	27.9%	17.8%
Financial Services	15.9%	28.8%
Industrials	11.5%	3.4%
Consumer Cyclical	9.7%	4.5%
Communication Services	8.3%	4.8%
Healthcare	8.2%	3.8%
Consumer Defensive	5.0%	2.0%
Energy	4.3%	1.4%
Basic Materials	4.1%	0.8%
Utilities	2.7%	1.1%
Real Estate	2.4%	0.8%

Return for Risk

RSSB vs. UPRO — Risk / Return Rank

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

RSSB

RSSB Risk / Return Rank: 52
RSSB Sharpe Ratio Rank: 53
RSSB Sortino Ratio Rank: 52
RSSB Omega Ratio Rank: 51
RSSB Calmar Ratio Rank: 48
RSSB Martin Ratio Rank: 56

UPRO

UPRO Risk / Return Rank: 62
UPRO Sharpe Ratio Rank: 68
UPRO Sortino Ratio Rank: 57
UPRO Omega Ratio Rank: 58
UPRO Calmar Ratio Rank: 60
UPRO Martin Ratio Rank: 68

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.

RSSB vs. UPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Return Stacked Global Stocks & Bonds ETF (RSSB) 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.

	RSSB	UPRO	Difference
Sharpe ratio: Return per unit of total volatility	1.84	2.30	-0.47
Sortino ratio: Return per unit of downside risk	2.55	2.76	-0.21
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	2.41	3.03	-0.63
Martin ratio: Return relative to average drawdown	9.86	12.80	-2.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RSSB vs. UPRO - Sharpe Ratio Comparison

The current RSSB Sharpe Ratio is 1.84, which is comparable to the UPRO Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of RSSB 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.

Sharpe Ratios by Period

	RSSB	UPRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.84	2.30	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.29	0.65	+0.64

Drawdowns

RSSB vs. UPRO - Drawdown Comparison

The maximum RSSB drawdown since its inception was -16.21%, smaller than the maximum UPRO drawdown of -76.82%. Use the drawdown chart below to compare losses from any high point for RSSB and UPRO.

Drawdown Indicators

	RSSB	UPRO	Difference
Max Drawdown Largest peak-to-trough decline	-16.21%	-76.82%	+60.61%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-26.78%	+15.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-48.87%	—
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	-1.22%	-2.09%	+0.87%
Average Drawdown Average peak-to-trough decline	-2.26%	-14.42%	+12.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	6.33%	-3.49%

Volatility

RSSB vs. UPRO - Volatility Comparison

The current volatility for Return Stacked Global Stocks & Bonds ETF (RSSB) is 4.95%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 8.45%. This indicates that RSSB 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

	RSSB	UPRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.95%	8.45%	-3.50%
Volatility (6M) Calculated over the trailing 6-month period	12.64%	26.60%	-13.96%
Volatility (1Y) Calculated over the trailing 1-year period	15.26%	35.35%	-20.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.59%	50.32%	-33.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.59%	53.74%	-37.15%

RSSB vs. UPRO - Expense Ratio Comparison

RSSB has a 0.41% expense ratio, which is lower than UPRO's 0.89% expense ratio.

Dividends

RSSB vs. UPRO - Dividend Comparison

RSSB's dividend yield for the trailing twelve months is around 3.18%, more than UPRO's 0.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RSSB Return Stacked Global Stocks & Bonds ETF	3.18%	3.48%	1.10%	0.61%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
UPRO ProShares UltraPro S&P 500	0.68%	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 RSSB and UPRO in my portfolio?

RSSB and UPRO have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSSB or UPRO?

UPRO has higher volatility (8.45%) compared to RSSB (4.95%). In terms of maximum drawdown, RSSB dropped -16.21% vs UPRO's -76.82%.

Which ETF is better, RSSB or UPRO?

On 1-year performance, UPRO leads with 80.84% vs 27.89% for RSSB. On fees, RSSB is cheaper at 0.41% per year. On volatility, RSSB has been the lower-risk option at 4.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSSB or UPRO?

Over the 1-year period, UPRO has performed better with a 80.84% return vs 27.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSSB or UPRO?

RSSB is cheaper with a 0.41% expense ratio, compared with 0.89% for UPRO.

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

RSSB has the higher dividend yield at 3.18%, compared with 0.68% for UPRO.

What is the main difference between RSSB and UPRO?

RSSB is categorized as Global Allocation, while UPRO is Leveraged Equities. They also come from different issuers: Return Stacked and ProShares. Their fees differ too: 0.41% for RSSB and 0.89% for UPRO.

Which has better risk-adjusted returns?

UPRO currently has the higher Sharpe Ratio (2.30 vs 1.84), 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.