RXL vs. VOO
Compare and contrast key facts about ProShares Ultra Health Care (RXL) and Vanguard S&P 500 ETF (VOO).
RXL and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both RXL and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RXL or VOO.
Performance
RXL vs. VOO - Performance Comparison
Returns By Period
In the year-to-date period, RXL achieves a 3.95% return, which is significantly lower than VOO's 24.51% return. Over the past 10 years, RXL has underperformed VOO with an annualized return of 12.32%, while VOO has yielded a comparatively higher 13.12% annualized return.
RXL
3.95%
-14.95%
-7.70%
17.09%
11.04%
12.32%
VOO
24.51%
0.61%
11.38%
32.00%
15.30%
13.12%
Key characteristics
| RXL | VOO | |
|---|---|---|
| Sharpe Ratio | 0.82 | 2.64 |
| Sortino Ratio | 1.20 | 3.53 |
| Omega Ratio | 1.16 | 1.49 |
| Calmar Ratio | 0.64 | 3.81 |
| Martin Ratio | 3.21 | 17.34 |
| Ulcer Index | 5.56% | 1.86% |
| Daily Std Dev | 21.63% | 12.20% |
| Max Drawdown | -66.88% | -33.99% |
| Current Drawdown | -19.18% | -2.16% |
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RXL vs. VOO - Expense Ratio Comparison
RXL has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between RXL and VOO is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
RXL vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) 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.
Dividends
RXL vs. VOO - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.19%, less than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.19% | 0.18% | 0.65% | 0.16% | 0.25% | 0.43% | 0.52% | 0.23% | 0.23% | 1.83% | 0.40% | 0.31% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
RXL vs. VOO - Drawdown Comparison
The maximum RXL drawdown since its inception was -66.88%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for RXL and VOO. For additional features, visit the drawdowns tool.
Volatility
RXL vs. VOO - Volatility Comparison
ProShares Ultra Health Care (RXL) has a higher volatility of 7.11% compared to Vanguard S&P 500 ETF (VOO) at 4.09%. This indicates that RXL'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.