UPRO vs. VOO
Compare and contrast key facts about ProShares UltraPro S&P 500 (UPRO) and Vanguard S&P 500 ETF (VOO).
UPRO and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPRO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (300%). It was launched on Jun 23, 2009. 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 UPRO 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: UPRO or VOO.
Key characteristics
| UPRO | VOO | |
|---|---|---|
| YTD Return | 64.91% | 24.51% |
| 1Y Return | 93.02% | 32.00% |
| 3Y Return (Ann) | 7.44% | 9.36% |
| 5Y Return (Ann) | 23.82% | 15.30% |
| 10Y Return (Ann) | 23.95% | 13.12% |
| Sharpe Ratio | 2.57 | 2.64 |
| Sortino Ratio | 2.96 | 3.53 |
| Omega Ratio | 1.41 | 1.49 |
| Calmar Ratio | 2.40 | 3.81 |
| Martin Ratio | 15.45 | 17.34 |
| Ulcer Index | 6.05% | 1.86% |
| Daily Std Dev | 36.42% | 12.20% |
| Max Drawdown | -76.82% | -33.99% |
| Current Drawdown | -6.63% | -2.16% |
Correlation
The correlation between UPRO and VOO is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
UPRO vs. VOO - Performance Comparison
In the year-to-date period, UPRO achieves a 64.91% return, which is significantly higher than VOO's 24.51% return. Over the past 10 years, UPRO has outperformed VOO with an annualized return of 23.95%, while VOO has yielded a comparatively lower 13.12% 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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UPRO vs. VOO - Expense Ratio Comparison
UPRO has a 0.92% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
UPRO vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro S&P 500 (UPRO) 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
UPRO vs. VOO - Dividend Comparison
UPRO's dividend yield for the trailing twelve months is around 0.76%, less than VOO's 1.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPRO ProShares UltraPro S&P 500 | 0.76% | 0.74% | 0.52% | 0.06% | 0.11% | 0.53% | 0.63% | 0.00% | 0.12% | 0.34% | 0.22% | 0.07% |
VOO Vanguard S&P 500 ETF | 1.26% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
UPRO vs. VOO - Drawdown Comparison
The maximum UPRO drawdown since its inception was -76.82%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for UPRO and VOO. For additional features, visit the drawdowns tool.
Volatility
UPRO vs. VOO - Volatility Comparison
ProShares UltraPro S&P 500 (UPRO) has a higher volatility of 12.26% compared to Vanguard S&P 500 ETF (VOO) at 4.09%. This indicates that UPRO'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.