RXD vs. VOO
RXD (ProShares UltraShort Health Care) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - RXD is a Leveraged Equities fund tracking the DJ Global United States (All) / Health Care -IND (-200%), while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, RXD returned -19.74%/yr vs 15.61%/yr for VOO. At a correlation of -0.61, they often move in opposite directions. RXD charges 0.95%/yr vs 0.03%/yr for VOO.
Performance
RXD vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, RXD achieves a 3.27% return, which is significantly lower than VOO's 8.19% return. Over the past 10 years, RXD has underperformed VOO with an annualized return of -19.74%, while VOO has yielded a comparatively higher 15.61% annualized return.
RXD
- 1D
- -2.74%
- 1M
- -3.78%
- YTD
- 3.27%
- 6M
- 3.62%
- 1Y
- -24.38%
- 3Y*
- -6.35%
- 5Y*
- -6.92%
- 10Y*
- -19.74%
VOO
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.19%
- 6M
- 7.24%
- 1Y
- 23.69%
- 3Y*
- 20.78%
- 5Y*
- 13.13%
- 10Y*
- 15.61%
RXD vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 3.27% | -21.66% | 4.83% | 3.25% | 1.20% | -37.97% | -44.25% | -32.44% | -14.33% | -35.24% |
VOO Vanguard S&P 500 ETF | 8.19% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between RXD and VOO is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.59 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.61 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | -0.61 |
Over the past year, the inverse relationship between RXD and VOO has weakened: their correlation has moved from -0.61 to -0.31, meaning they move in opposite directions less often than they have historically.
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Return for Risk
RXD vs. VOO — Risk / Return Rank
RXD
VOO
RXD vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Health Care (RXD) and Vanguard S&P 500 ETF (VOO). 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.
| RXD | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.35 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 2.67 | -3.38 |
| Martin ratioReturn relative to average drawdown | -1.06 | 11.96 | -13.02 |
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Drawdowns
RXD vs. VOO - Drawdown Comparison
The maximum RXD drawdown since its inception was -99.65%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RXD and VOO.
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Drawdown Indicators
| RXD | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.65% | -33.99% | -65.66% |
Max Drawdown (1Y)Largest decline over 1 year | -34.63% | -8.90% | -25.73% |
Max Drawdown (3Y)Largest decline over 3 years | -36.60% | -18.69% | -17.91% |
Max Drawdown (5Y)Largest decline over 5 years | -40.50% | -24.52% | -15.98% |
Max Drawdown (10Y)Largest decline over 10 years | -90.64% | -33.99% | -56.65% |
Current DrawdownCurrent decline from peak | -99.62% | -3.14% | -96.48% |
Average DrawdownAverage peak-to-trough decline | -81.91% | -3.68% | -78.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.96% | 1.99% | +20.97% |
Volatility
RXD vs. VOO - Volatility Comparison
ProShares UltraShort Health Care (RXD) has a higher volatility of 10.51% compared to Vanguard S&P 500 ETF (VOO) at 4.83%. This indicates that RXD's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RXD | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.51% | 4.83% | +5.68% |
Volatility (6M)Calculated over the trailing 6-month period | 21.71% | 9.82% | +11.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.25% | 12.46% | +17.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.88% | 16.91% | +12.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.01% | 18.02% | +14.99% |
RXD vs. VOO - Expense Ratio Comparison
RXD has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
RXD vs. VOO - Dividend Comparison
RXD's dividend yield for the trailing twelve months is around 2.71%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXD ProShares UltraShort Health Care | 2.71% | 3.29% | 4.36% | 3.17% | 0.67% | 0.00% | 0.17% | 1.73% | 0.22% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
RXD and VOO have a correlation of -0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RXD has higher volatility (10.51%) compared to VOO (4.83%). In terms of maximum drawdown, RXD dropped -99.65% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.61% vs -19.74% for RXD. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.61% return vs -19.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.95% for RXD.
RXD has the higher dividend yield at 2.71%, compared with 1.05% for VOO.
RXD is categorized as Leveraged Equities, while VOO is S&P 500. RXD tracks DJ Global United States (All) / Health Care -IND (-200%), while VOO tracks S&P 500 Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for RXD and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.91 vs -0.81), 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.
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