URSP vs. BRKW

Last updated Jun 25, 2026

URSP (ProShares Ultra S&P 500 Equal Weight ETF) and BRKW (Roundhill BRKB WeeklyPay ETF) are both exchange-traded funds - URSP is a Leveraged Equities fund tracking the S&P 500 Equal Weight Index, while BRKW is a Derivative Income fund actively managed by Roundhill. URSP is passively managed, while BRKW is actively managed. At a 0.30 correlation, their price movements are largely independent. URSP charges 0.95%/yr vs 0.99%/yr for BRKW.

Performance

URSP vs. BRKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra S&P 500 Equal Weight ETF (URSP) and Roundhill BRKB WeeklyPay ETF (BRKW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, URSP achieves a 17.76% return, which is significantly higher than BRKW's -3.43% return.

URSP

• 1D: 0.81%
• 1M: 3.44%
• YTD: 17.76%
• 6M: 14.66%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRKW

• 1D: 0.49%
• 1M: 1.93%
• YTD: -3.43%
• 6M: -3.20%
• 1Y: -3.54%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

URSP vs. BRKW - Yearly Performance Comparison

	2026 (YTD)	2025
URSP ProShares Ultra S&P 500 Equal Weight ETF	17.76%	1.59%
BRKW Roundhill BRKB WeeklyPay ETF	-3.43%	1.27%

Correlation

The correlation between URSP and BRKW is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025	0.30

Return for Risk

URSP vs. BRKW — Risk / Return Rank

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

URSP

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BRKW

BRKW Risk / Return Rank: 7
BRKW Sharpe Ratio Rank: 7
BRKW Sortino Ratio Rank: 7
BRKW Omega Ratio Rank: 7
BRKW Calmar Ratio Rank: 7
BRKW Martin Ratio Rank: 7

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.

URSP vs. BRKW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 Equal Weight ETF (URSP) and Roundhill BRKB WeeklyPay ETF (BRKW). 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.

	URSP	BRKW	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.21	—
Sortino ratio: Return per unit of downside risk	—	-0.17	—
Omega ratio: Gain probability vs. loss probability	—	0.98	—
Calmar ratio: Return relative to maximum drawdown	—	-0.28	—
Martin ratio: Return relative to average drawdown	—	-0.57	—

Drawdowns

URSP vs. BRKW - Drawdown Comparison

The maximum URSP drawdown since its inception was -15.72%, which is greater than BRKW's maximum drawdown of -12.64%. Use the drawdown chart below to compare losses from any high point for URSP and BRKW.

Drawdown Indicators

	URSP	BRKW	Difference
Max Drawdown Largest peak-to-trough decline	-15.72%	-12.64%	-3.08%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.64%	—
Current Drawdown Current decline from peak	-2.01%	-6.51%	+4.50%
Average Drawdown Average peak-to-trough decline	-3.09%	-5.46%	+2.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.36%	—

Volatility

Volatility by Period

	URSP	BRKW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	23.68%	17.20%	+6.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.68%	17.11%	+6.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.68%	17.11%	+6.57%

URSP vs. BRKW - Expense Ratio Comparison

URSP has a 0.95% expense ratio, which is lower than BRKW's 0.99% expense ratio.

Dividends

URSP vs. BRKW - Dividend Comparison

URSP's dividend yield for the trailing twelve months is around 0.58%, less than BRKW's 25.30% yield.

Position	TTM	2025
BRKW Roundhill BRKB WeeklyPay ETF	25.30%	14.45%
URSP ProShares Ultra S&P 500 Equal Weight ETF	0.58%	0.38%

Frequently Asked Questions

Can I hold both URSP and BRKW in my portfolio?

URSP and BRKW have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, URSP or BRKW?

On fees, URSP is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, URSP or BRKW?

URSP is cheaper with a 0.95% expense ratio, compared with 0.99% for BRKW.

Which ETF pays a higher dividend yield, URSP or BRKW?

BRKW has the higher dividend yield at 25.30%, compared with 0.58% for URSP.

What is the main difference between URSP and BRKW?

URSP is categorized as Leveraged Equities, while BRKW is Derivative Income. They also come from different issuers: ProShares and Roundhill. Their fees differ too: 0.95% for URSP and 0.99% for BRKW.