ULE vs. VOO
Compare and contrast key facts about ProShares Ultra Euro (ULE) and Vanguard S&P 500 ETF (VOO).
ULE and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ULE is a passively managed fund by ProShares that tracks the performance of the USD/EUR Exchange Rate (-200%). It was launched on Nov 25, 2008. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both ULE and VOO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULE or VOO.
Key characteristics
| ULE | VOO | |
|---|---|---|
| YTD Return | -4.60% | 7.94% |
| 1Y Return | -4.68% | 28.21% |
| 3Y Return (Ann) | -9.27% | 8.82% |
| 5Y Return (Ann) | -4.46% | 13.59% |
| 10Y Return (Ann) | -8.34% | 12.69% |
| Sharpe Ratio | -0.37 | 2.33 |
| Daily Std Dev | 13.47% | 11.70% |
| Max Drawdown | -72.74% | -33.99% |
| Current Drawdown | -66.49% | -2.36% |
Correlation
The correlation between ULE and VOO is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ULE vs. VOO - Performance Comparison
In the year-to-date period, ULE achieves a -4.60% return, which is significantly lower than VOO's 7.94% return. Over the past 10 years, ULE has underperformed VOO with an annualized return of -8.34%, while VOO has yielded a comparatively higher 12.69% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ULE vs. VOO - Expense Ratio Comparison
ULE has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
ULE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Euro (ULE) 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.
Dividends
ULE vs. VOO - Dividend Comparison
ULE has not paid dividends to shareholders, while VOO's dividend yield for the trailing twelve months is around 1.36%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULE ProShares Ultra Euro | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.36% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
ULE vs. VOO - Drawdown Comparison
The maximum ULE drawdown since its inception was -72.74%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for ULE and VOO. For additional features, visit the drawdowns tool.
Volatility
ULE vs. VOO - Volatility Comparison
The current volatility for ProShares Ultra Euro (ULE) is 3.72%, while Vanguard S&P 500 ETF (VOO) has a volatility of 4.09%. This indicates that ULE experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.