TTT vs. VOO
TTT (UltraPro Short 20+ Year Treasury) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - TTT is a Leveraged Bonds fund tracking the Barclays Capital U.S. 20+ Year Treasury Index (-300%), while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, TTT returned -0.85%/yr vs 15.61%/yr for VOO. At a 0.19 correlation, their price movements are largely independent. TTT charges 0.95%/yr vs 0.03%/yr for VOO.
Performance
TTT vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, TTT achieves a 0.59% return, which is significantly lower than VOO's 8.19% return. Over the past 10 years, TTT has underperformed VOO with an annualized return of -0.85%, while VOO has yielded a comparatively higher 15.61% annualized return.
TTT
- 1D
- -0.36%
- 1M
- -6.09%
- YTD
- 0.59%
- 6M
- 2.13%
- 1Y
- -4.00%
- 3Y*
- 10.12%
- 5Y*
- 18.57%
- 10Y*
- -0.85%
VOO
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.19%
- 6M
- 7.24%
- 1Y
- 23.69%
- 3Y*
- 20.78%
- 5Y*
- 13.13%
- 10Y*
- 15.61%
TTT vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 0.59% | -7.89% | 38.07% | -11.25% | 150.17% | 2.55% | -54.12% | -34.88% | 6.34% | -25.87% |
VOO Vanguard S&P 500 ETF | 8.19% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between TTT and VOO is -0.22, 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 | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2012 | 0.19 |
The correlation between TTT and VOO shifts across timeframes, from -0.22 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TTT vs. VOO — Risk / Return Rank
TTT
VOO
TTT vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UltraPro Short 20+ Year Treasury (TTT) 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.
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.
| TTT | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -2.60 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.35 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.18 | 2.67 | -2.85 |
| Martin ratioReturn relative to average drawdown | -0.34 | 11.96 | -12.30 |
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Drawdowns
TTT vs. VOO - Drawdown Comparison
The maximum TTT drawdown since its inception was -94.00%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TTT and VOO.
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Drawdown Indicators
| TTT | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.00% | -33.99% | -60.01% |
Max Drawdown (1Y)Largest decline over 1 year | -22.18% | -8.90% | -13.28% |
Max Drawdown (3Y)Largest decline over 3 years | -49.69% | -18.69% | -31.00% |
Max Drawdown (5Y)Largest decline over 5 years | -49.69% | -24.52% | -25.17% |
Max Drawdown (10Y)Largest decline over 10 years | -81.76% | -33.99% | -47.77% |
Current DrawdownCurrent decline from peak | -78.91% | -3.14% | -75.77% |
Average DrawdownAverage peak-to-trough decline | -70.37% | -3.68% | -66.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.89% | 1.99% | +9.90% |
Volatility
TTT vs. VOO - Volatility Comparison
UltraPro Short 20+ Year Treasury (TTT) has a higher volatility of 6.36% compared to Vanguard S&P 500 ETF (VOO) at 4.83%. This indicates that TTT'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.
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Volatility by Period
| TTT | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 4.83% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 19.77% | 9.82% | +9.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.33% | 12.46% | +15.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.02% | 16.91% | +30.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.32% | 18.02% | +25.30% |
TTT vs. VOO - Expense Ratio Comparison
TTT has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Dividends
TTT vs. VOO - Dividend Comparison
TTT's dividend yield for the trailing twelve months is around 9.61%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 9.61% | 9.87% | 4.86% | 12.15% | 0.34% | 0.00% | 0.29% | 1.88% | 0.44% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
TTT and VOO have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTT has higher volatility (6.36%) compared to VOO (4.83%). In terms of maximum drawdown, TTT dropped -94.00% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.61% vs -0.85% for TTT. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 4.83%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VOO has performed better with a 15.61% return vs -0.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VOO is cheaper with a 0.03% expense ratio, compared with 0.95% for TTT.
TTT has the higher dividend yield at 9.61%, compared with 1.05% for VOO.
TTT is categorized as Leveraged Bonds, while VOO is S&P 500. TTT tracks Barclays Capital U.S. 20+ Year Treasury Index (-300%), while VOO tracks S&P 500 Index. They also come from different issuers: ProShares and Vanguard. Their fees differ too: 0.95% for TTT and 0.03% for VOO.
VOO currently has the higher Sharpe Ratio (1.91 vs -0.14), 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.
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