SKYU vs. VOO
Compare and contrast key facts about ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) and Vanguard S&P 500 ETF (VOO).
SKYU and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SKYU is a passively managed fund by ProShares that tracks the performance of the ISE Cloud Computing Index (200%). It was launched on Jan 19, 2021. 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 SKYU 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: SKYU or VOO.
Correlation
The correlation between SKYU and VOO is 0.76, 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.
Performance
SKYU vs. VOO - Performance Comparison
Key characteristics
SKYU:
1.66
VOO:
2.22
SKYU:
2.10
VOO:
2.95
SKYU:
1.28
VOO:
1.42
SKYU:
1.14
VOO:
3.27
SKYU:
9.23
VOO:
14.57
SKYU:
8.18%
VOO:
1.90%
SKYU:
45.65%
VOO:
12.47%
SKYU:
-83.01%
VOO:
-33.99%
SKYU:
-33.47%
VOO:
-1.77%
Returns By Period
In the year-to-date period, SKYU achieves a 76.02% return, which is significantly higher than VOO's 26.92% return.
SKYU
76.02%
-1.21%
68.87%
74.73%
N/A
N/A
VOO
26.92%
0.27%
10.43%
27.36%
14.95%
13.12%
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SKYU vs. VOO - Expense Ratio Comparison
SKYU has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
SKYU vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) 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
SKYU vs. VOO - Dividend Comparison
SKYU's dividend yield for the trailing twelve months is around 0.09%, less than VOO's 1.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKYU ProShares Ultra Nasdaq Cloud Computing ETF | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SKYU vs. VOO - Drawdown Comparison
The maximum SKYU drawdown since its inception was -83.01%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SKYU and VOO. For additional features, visit the drawdowns tool.
Volatility
SKYU vs. VOO - Volatility Comparison
ProShares Ultra Nasdaq Cloud Computing ETF (SKYU) has a higher volatility of 17.09% compared to Vanguard S&P 500 ETF (VOO) at 3.78%. This indicates that SKYU'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.