SPUS vs. URSP
SPUS (SP Funds S&P 500 Sharia Industry Exclusions ETF) and URSP (ProShares Ultra S&P 500 Equal Weight ETF) are both exchange-traded funds - SPUS is a S&P 500 fund tracking the S&P 500 Shariah Industry Exclusions Index, while URSP is a Leveraged Equities fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Their 0.50 correlation means they have sometimes moved together and sometimes differently. SPUS charges 0.45%/yr vs 0.95%/yr for URSP.
Performance
SPUS vs. URSP - Performance Comparison
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Returns By Period
In the year-to-date period, SPUS achieves a 10.68% return, which is significantly lower than URSP's 22.76% return.
SPUS
- 1D
- -0.21%
- 1M
- -0.54%
- 6M
- 9.78%
- YTD
- 10.68%
- 1Y
- 25.03%
- 3Y*
- 20.31%
- 5Y*
- 14.52%
- 10Y*
- —
- ALL TIME*
- 18.05%
URSP
- 1D
- -0.29%
- 1M
- -0.25%
- 6M
- 15.52%
- YTD
- 22.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $23.25M | $21.17M | $26.78M | |
| $2.68M | $2.91M | $2.10M |
SPUS vs. URSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 10.68% | 8.76% |
URSP ProShares Ultra S&P 500 Equal Weight ETF | 22.76% | 1.59% |
Correlation
The correlation between SPUS and URSP is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025 | 0.50 |
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Return for Risk
SPUS vs. URSP — Risk / Return Rank
SPUS
URSP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPUS vs. URSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS) and ProShares Ultra S&P 500 Equal Weight ETF (URSP). 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.
| SPUS | URSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.19 | — | — |
| Martin ratioReturn relative to average drawdown | 7.52 | — | — |
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Drawdowns
SPUS vs. URSP - Drawdown Comparison
The maximum SPUS drawdown since its inception was -30.80%, which is greater than URSP's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for SPUS and URSP.
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Drawdown Indicators
| SPUS | URSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.80% | -15.72% | -15.08% |
Max Drawdown (1Y)Largest decline over 1 year | -10.66% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -22.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.06% | — | — |
Current DrawdownCurrent decline from peak | -5.26% | -2.52% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -6.17% | -2.89% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | — | — |
Volatility
SPUS vs. URSP - Volatility Comparison
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Volatility by Period
| SPUS | URSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 12.81% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.89% | 23.34% | -7.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.49% | 23.34% | -3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.26% | 23.34% | -2.08% |
SPUS vs. URSP - Expense Ratio Comparison
SPUS has a 0.45% expense ratio, which is lower than URSP's 0.95% expense ratio.
Dividends
SPUS vs. URSP - Dividend Comparison
SPUS's dividend yield for the trailing twelve months is around 0.54%, less than URSP's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF | 0.54% | 0.60% | 0.70% | 0.87% | 1.21% | 1.15% | 1.04% |
URSP ProShares Ultra S&P 500 Equal Weight ETF | 0.91% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPUS and URSP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPUS is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPUS is cheaper with a 0.45% expense ratio, compared with 0.95% for URSP.
URSP has the higher dividend yield at 0.91%, compared with 0.54% for SPUS.
SPUS is categorized as S&P 500, while URSP is Leveraged Equities. SPUS tracks S&P 500 Shariah Industry Exclusions Index, while URSP tracks S&P 500 Equal Weight Index. They also come from different issuers: SP Funds and ProShares. Their fees differ too: 0.45% for SPUS and 0.95% for URSP.
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