URSP vs. RSP
URSP (ProShares Ultra S&P 500 Equal Weight ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - URSP is a Leveraged Equities fund tracking the S&P 500 Equal Weight Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Their 0.96 correlation means they have historically moved very closely together. URSP charges 0.95%/yr vs 0.20%/yr for RSP.
Performance
URSP vs. RSP - Performance Comparison
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Returns By Period
In the year-to-date period, URSP achieves a 25.09% return, which is significantly higher than RSP's 14.26% return.
URSP
- 1D
- 1.90%
- 1M
- 1.64%
- 6M
- 16.59%
- YTD
- 25.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
RSP
- 1D
- 0.98%
- 1M
- 1.02%
- 6M
- 9.94%
- YTD
- 14.26%
- 1Y
- 21.56%
- 3Y*
- 14.65%
- 5Y*
- 9.15%
- 10Y*
- 11.89%
- ALL TIME*
- 11.34%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.90B | $1.83B | $2.07B | |
| $4.31M | $3.45M | $2.33M |
URSP vs. RSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
URSP ProShares Ultra S&P 500 Equal Weight ETF | 25.09% | 1.59% |
RSP Invesco S&P 500 Equal Weight ETF | 14.26% | 2.65% |
Correlation
The correlation between URSP and RSP is 0.96 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025 | 0.96 |
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Return for Risk
URSP vs. RSP — Risk / Return Rank
URSP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RSP
URSP vs. RSP - 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 Invesco S&P 500 Equal Weight ETF (RSP). 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 | RSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.76 | — |
| Martin ratioReturn relative to average drawdown | — | 10.69 | — |
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Drawdowns
URSP vs. RSP - Drawdown Comparison
The maximum URSP drawdown since its inception was -15.72%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for URSP and RSP.
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Drawdown Indicators
| URSP | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -59.92% | +44.20% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.85% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -17.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.04% | — |
Current DrawdownCurrent decline from peak | -0.66% | -0.27% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -2.88% | -6.61% | +3.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.02% | — |
Volatility
URSP vs. RSP - Volatility Comparison
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Volatility by Period
| URSP | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.96% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 23.36% | 11.72% | +11.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.36% | 16.17% | +7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.36% | 18.29% | +5.07% |
URSP vs. RSP - Expense Ratio Comparison
URSP has a 0.95% expense ratio, which is higher than RSP's 0.20% expense ratio.
Dividends
URSP vs. RSP - Dividend Comparison
URSP's dividend yield for the trailing twelve months is around 0.90%, less than RSP's 1.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RSP Invesco S&P 500 Equal Weight ETF | 1.48% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
URSP ProShares Ultra S&P 500 Equal Weight ETF | 0.90% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.96, URSP and RSP move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, RSP is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RSP is cheaper with a 0.20% expense ratio, compared with 0.95% for URSP.
RSP has the higher dividend yield at 1.48%, compared with 0.90% for URSP.
URSP is categorized as Leveraged Equities, while RSP is S&P 500. Both ETFs track S&P 500 Equal Weight Index. They also come from different issuers: ProShares and Invesco. Their fees differ too: 0.95% for URSP and 0.20% for RSP.
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