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 0.59%/yr vs 15.15%/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 7.59% return, which is significantly lower than VOO's 10.72% return. Over the past 10 years, TTT has underperformed VOO with an annualized return of 0.59%, while VOO has yielded a comparatively higher 15.15% annualized return.
TTT
- 1D
- 0.27%
- 1M
- 7.04%
- 6M
- 11.68%
- YTD
- 7.59%
- 1Y
- -2.74%
- 3Y*
- 10.58%
- 5Y*
- 22.85%
- 10Y*
- 0.59%
VOO
- 1D
- -0.53%
- 1M
- 0.35%
- 6M
- 9.07%
- YTD
- 10.72%
- 1Y
- 21.71%
- 3Y*
- 20.11%
- 5Y*
- 13.31%
- 10Y*
- 15.15%
TTT vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 7.59% | -7.89% | 38.07% | -11.25% | 150.17% | 2.55% | -54.12% | -34.88% | 6.34% | -25.87% |
VOO Vanguard S&P 500 ETF | 10.72% | 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 -0.20, 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 | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
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 -0.20 (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 | -1.84 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.32 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 2.45 | -2.58 |
| Martin ratioReturn relative to average drawdown | -0.23 | 10.68 | -10.91 |
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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 | -21.80% | -8.90% | -12.90% |
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 | -77.44% | -0.88% | -76.56% |
Average DrawdownAverage peak-to-trough decline | -70.41% | -3.67% | -66.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.09% | 2.04% | +10.05% |
Volatility
TTT vs. VOO - Volatility Comparison
UltraPro Short 20+ Year Treasury (TTT) has a higher volatility of 7.56% compared to Vanguard S&P 500 ETF (VOO) at 3.48%. 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 | 7.56% | 3.48% | +4.08% |
Volatility (6M)Calculated over the trailing 6-month period | 20.24% | 9.98% | +10.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.84% | 12.52% | +15.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.91% | 16.92% | +29.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.16% | 17.99% | +25.17% |
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 9.01%, more than VOO's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TTT UltraPro Short 20+ Year Treasury | 9.01% | 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 | 1.06% | 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 -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TTT has higher volatility (7.56%) compared to VOO (3.48%). In terms of maximum drawdown, TTT dropped -94.00% vs VOO's -33.99%.
On 10-year performance, VOO leads with 15.15% vs 0.59% for TTT. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.48%. 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 15.15% return vs 0.59%. 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 9.01%, compared with 1.06% 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 (1.74 vs -0.10), 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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