SRTY vs. VTWO

Last updated Jun 5, 2026

SRTY (ProShares UltraPro Short Russell2000) and VTWO (Vanguard Russell 2000 ETF) are both exchange-traded funds - SRTY is a Leveraged Equities fund tracking the Russell 2000 Index (-300%), while VTWO is a Small Cap Blend Equities fund tracking the Russell 2000 Index. Both are passively managed. Over the past 10 years, SRTY returned -43.72%/yr vs 11.12%/yr for VTWO. At a correlation of -0.99, they often move in opposite directions. SRTY charges 0.95%/yr vs 0.06%/yr for VTWO.

Performance

SRTY vs. VTWO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraPro Short Russell2000 (SRTY) and Vanguard Russell 2000 ETF (VTWO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRTY achieves a -43.06% return, which is significantly lower than VTWO's 18.87% return. Over the past 10 years, SRTY has underperformed VTWO with an annualized return of -43.72%, while VTWO has yielded a comparatively higher 11.12% annualized return.

SRTY

• 1D: -4.46%
• 1M: -10.08%
• YTD: -43.06%
• 6M: -39.53%
• 1Y: -67.42%
• 3Y*: -46.68%
• 5Y*: -31.38%
• 10Y*: -43.72%

VTWO

• 1D: 1.53%
• 1M: 3.33%
• YTD: 18.87%
• 6M: 16.64%
• 1Y: 41.90%
• 3Y*: 19.24%
• 5Y*: 6.60%
• 10Y*: 11.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SRTY vs. VTWO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SRTY ProShares UltraPro Short Russell2000	-43.06%	-40.55%	-32.91%	-42.02%	28.99%	-51.67%	-80.61%	-53.83%	23.37%	-38.31%
VTWO Vanguard Russell 2000 ETF	18.87%	12.90%	11.55%	17.08%	-20.49%	14.79%	20.22%	25.81%	-11.15%	14.69%

Correlation

The correlation between SRTY and VTWO is -1.00, 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	-1.00
Correlation (3Y) Calculated over the trailing 3-year period	-1.00
Correlation (5Y) Calculated over the trailing 5-year period	-1.00
Correlation (10Y) Calculated over the trailing 10-year period	-1.00
Correlation (All Time) Calculated using the full available price history since Sep 23, 2010	-0.99

The correlation between SRTY and VTWO has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.

SRTY vs. VTWO - Sectors Allocation Comparison

Sectors	SRTY	VTWO
Financial Services	86.7%	15.7%
Basic Materials	-	4.8%
Communication Services	-	2.4%
Consumer Cyclical	-	8.4%
Consumer Defensive	-	2.4%
Energy	-	6.1%
Healthcare	-	16.5%
Industrials	-	17.7%
Real Estate	-	6.1%
Technology	-	17.0%
Utilities	-	2.9%

Return for Risk

SRTY vs. VTWO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SRTY

SRTY Risk / Return Rank: 1
SRTY Sharpe Ratio Rank: 1
SRTY Sortino Ratio Rank: 1
SRTY Omega Ratio Rank: 1
SRTY Calmar Ratio Rank: 0
SRTY Martin Ratio Rank: 1

VTWO

VTWO Risk / Return Rank: 69
VTWO Sharpe Ratio Rank: 68
VTWO Sortino Ratio Rank: 67
VTWO Omega Ratio Rank: 60
VTWO Calmar Ratio Rank: 77
VTWO Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SRTY vs. VTWO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Short Russell2000 (SRTY) and Vanguard Russell 2000 ETF (VTWO). 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.

	SRTY	VTWO	Difference
Sharpe ratio: Return per unit of total volatility	-1.18	2.20	-3.38
Sortino ratio: Return per unit of downside risk	-2.18	3.03	-5.21
Omega ratio: Gain probability vs. loss probability	0.77	1.36	-0.59
Calmar ratio: Return relative to maximum drawdown	-1.00	3.83	-4.83
Martin ratio: Return relative to average drawdown	-1.54	13.62	-15.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SRTY vs. VTWO - Sharpe Ratio Comparison

The current SRTY Sharpe Ratio is -1.18, which is lower than the VTWO Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of SRTY and VTWO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SRTY	VTWO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.18	2.20	-3.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.47	0.29	-0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.64	0.48	-1.12
Sharpe Ratio (All Time) Calculated using the full available price history	-0.69	0.53	-1.22

Drawdowns

SRTY vs. VTWO - Drawdown Comparison

The maximum SRTY drawdown since its inception was -100.00%, which is greater than VTWO's maximum drawdown of -41.19%. Use the drawdown chart below to compare losses from any high point for SRTY and VTWO.

Drawdown Indicators

	SRTY	VTWO	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-41.19%	-58.81%
Max Drawdown (1Y) Largest decline over 1 year	-67.39%	-10.99%	-56.40%
Max Drawdown (3Y) Largest decline over 3 years	-88.56%	-27.57%	-60.99%
Max Drawdown (5Y) Largest decline over 5 years	-91.18%	-31.88%	-59.30%
Max Drawdown (10Y) Largest decline over 10 years	-99.74%	-41.19%	-58.55%
Current Drawdown Current decline from peak	-100.00%	0.00%	-100.00%
Average Drawdown Average peak-to-trough decline	-93.78%	-8.39%	-85.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.80%	3.08%	+40.72%

Volatility

SRTY vs. VTWO - Volatility Comparison

ProShares UltraPro Short Russell2000 (SRTY) has a higher volatility of 17.16% compared to Vanguard Russell 2000 ETF (VTWO) at 5.69%. This indicates that SRTY's price experiences larger fluctuations and is considered to be riskier than VTWO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SRTY	VTWO	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.16%	5.69%	+11.47%
Volatility (6M) Calculated over the trailing 6-month period	41.01%	13.57%	+27.44%
Volatility (1Y) Calculated over the trailing 1-year period	57.20%	19.12%	+38.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.46%	22.49%	+44.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.34%	23.08%	+45.26%

SRTY vs. VTWO - Expense Ratio Comparison

SRTY has a 0.95% expense ratio, which is higher than VTWO's 0.06% expense ratio.

Dividends

SRTY vs. VTWO - Dividend Comparison

SRTY's dividend yield for the trailing twelve months is around 9.60%, more than VTWO's 1.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SRTY ProShares UltraPro Short Russell2000	9.60%	6.87%	9.40%	4.93%	0.17%	0.00%	0.95%	2.13%	0.70%	0.04%	0.00%	0.00%
VTWO Vanguard Russell 2000 ETF	1.07%	1.25%	1.21%	1.45%	1.48%	1.13%	0.92%	1.36%	1.41%	1.18%	1.27%	1.23%

Frequently Asked Questions

Can I hold both SRTY and VTWO in my portfolio?

SRTY and VTWO have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRTY or VTWO?

SRTY has higher volatility (17.16%) compared to VTWO (5.69%). In terms of maximum drawdown, SRTY dropped -100.00% vs VTWO's -41.19%.

Which ETF is better, SRTY or VTWO?

On 10-year performance, VTWO leads with 11.12% vs -43.72% for SRTY. On fees, VTWO is cheaper at 0.06% per year. On volatility, VTWO has been the lower-risk option at 5.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SRTY or VTWO?

Over the 10-year period, VTWO has performed better with a 11.12% return vs -43.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SRTY or VTWO?

VTWO is cheaper with a 0.06% expense ratio, compared with 0.95% for SRTY.

Which ETF pays a higher dividend yield, SRTY or VTWO?

SRTY has the higher dividend yield at 9.60%, compared with 1.07% for VTWO.

What is the main difference between SRTY and VTWO?

SRTY is categorized as Leveraged Equities, while VTWO is Small Cap Blend Equities. SRTY tracks Russell 2000 Index (-300%), while VTWO tracks Russell 2000 Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for SRTY and 0.06% for VTWO.

Which has better risk-adjusted returns?

VTWO currently has the higher Sharpe Ratio (2.20 vs -1.18), 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.