SPYV vs. URSP
SPYV (SPDR Portfolio S&P 500 Value ETF) and URSP (ProShares Ultra S&P 500 Equal Weight ETF) are both exchange-traded funds - SPYV is a S&P 500 fund tracking the S&P 500 Value Index, while URSP is a Leveraged Equities fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Their correlation of 0.89 means they have usually moved in the same direction. SPYV charges 0.04%/yr vs 0.95%/yr for URSP.
Performance
SPYV vs. URSP - Performance Comparison
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Returns By Period
In the year-to-date period, SPYV achieves a 10.14% return, which is significantly lower than URSP's 22.76% return.
SPYV
- 1D
- -0.16%
- 1M
- 0.68%
- 6M
- 7.56%
- YTD
- 10.14%
- 1Y
- 21.27%
- 3Y*
- 13.90%
- 5Y*
- 11.52%
- 10Y*
- 11.92%
- ALL TIME*
- 7.87%
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) |
|---|---|---|---|
| $129.05M | $117.43M | $146.49M | |
| $2.68M | $2.91M | $2.10M |
SPYV vs. URSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SPYV SPDR Portfolio S&P 500 Value ETF | 10.14% | 5.50% |
URSP ProShares Ultra S&P 500 Equal Weight ETF | 22.76% | 1.59% |
Correlation
The correlation between SPYV and URSP is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025 | 0.89 |
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Return for Risk
SPYV vs. URSP — Risk / Return Rank
SPYV
URSP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPYV vs. URSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Portfolio S&P 500 Value ETF (SPYV) 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.
| SPYV | URSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.36 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | — | — |
| Martin ratioReturn relative to average drawdown | 12.28 | — | — |
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Drawdowns
SPYV vs. URSP - Drawdown Comparison
The maximum SPYV drawdown since its inception was -58.45%, which is greater than URSP's maximum drawdown of -15.72%. Use the drawdown chart below to compare losses from any high point for SPYV and URSP.
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Drawdown Indicators
| SPYV | URSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.45% | -15.72% | -42.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.22% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -17.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -36.89% | — | — |
Current DrawdownCurrent decline from peak | -1.13% | -2.52% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -2.89% | -5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | — | — |
Volatility
SPYV vs. URSP - Volatility Comparison
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Volatility by Period
| SPYV | URSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.72% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.14% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 9.99% | 23.34% | -13.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.30% | 23.34% | -9.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.88% | 23.34% | -6.46% |
SPYV vs. URSP - Expense Ratio Comparison
SPYV has a 0.04% expense ratio, which is lower than URSP's 0.95% expense ratio.
Dividends
SPYV vs. URSP - Dividend Comparison
SPYV's dividend yield for the trailing twelve months is around 1.69%, more than URSP's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYV SPDR Portfolio S&P 500 Value ETF | 1.69% | 1.77% | 2.29% | 1.75% | 2.22% | 2.10% | 2.38% | 2.25% | 2.97% | 2.77% | 2.39% | 2.53% |
URSP ProShares Ultra S&P 500 Equal Weight ETF | 0.91% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYV and URSP have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYV is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYV is cheaper with a 0.04% expense ratio, compared with 0.95% for URSP.
SPYV has the higher dividend yield at 1.69%, compared with 0.91% for URSP.
SPYV is categorized as S&P 500, while URSP is Leveraged Equities. SPYV tracks S&P 500 Value Index, while URSP tracks S&P 500 Equal Weight Index. They also come from different issuers: State Street and ProShares. Their fees differ too: 0.04% for SPYV and 0.95% for URSP.
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