URTY vs. OOQB
URTY (ProShares UltraPro Russell2000) and OOQB (Volatility Shares One+One Nasdaq-100® and Bitcoin ETF) are both exchange-traded funds - URTY is a Leveraged Equities fund tracking the Russell 2000 Index (300%), while OOQB is a Nasdaq-100 fund actively managed by Volatility Shares. URTY is passively managed, while OOQB is actively managed. Over the past year, URTY returned 117.82% vs -27.35% for OOQB. A 0.61 correlation means they provide meaningful diversification when combined. URTY charges 0.95%/yr vs 0.75%/yr for OOQB.
Performance
URTY vs. OOQB - Performance Comparison
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Returns By Period
In the year-to-date period, URTY achieves a 46.44% return, which is significantly higher than OOQB's -18.43% return.
URTY
- 1D
- -4.07%
- 1M
- 9.06%
- YTD
- 46.44%
- 6M
- 40.44%
- 1Y
- 117.82%
- 3Y*
- 27.59%
- 5Y*
- -6.71%
- 10Y*
- 7.72%
OOQB
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- -18.43%
- 6M
- -24.99%
- 1Y
- -27.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
URTY vs. OOQB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
URTY ProShares UltraPro Russell2000 | 46.44% | 4.04% |
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | -18.43% | -13.30% |
Correlation
The correlation between URTY and OOQB is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.61 |
The correlation between URTY and OOQB has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
URTY vs. OOQB — Risk / Return Rank
URTY
OOQB
URTY vs. OOQB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraPro Russell2000 (URTY) and Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB). 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.
| URTY | OOQB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.61 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.94 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.64 | -0.51 | +4.15 |
| Martin ratioReturn relative to average drawdown | 11.96 | -0.91 | +12.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| URTY | OOQB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | -0.53 | +2.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | -0.41 | +0.61 |
Drawdowns
URTY vs. OOQB - Drawdown Comparison
The maximum URTY drawdown since its inception was -88.09%, which is greater than OOQB's maximum drawdown of -53.44%. Use the drawdown chart below to compare losses from any high point for URTY and OOQB.
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Drawdown Indicators
| URTY | OOQB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.09% | -53.44% | -34.65% |
Max Drawdown (1Y)Largest decline over 1 year | -32.56% | -53.44% | +20.88% |
Max Drawdown (3Y)Largest decline over 3 years | -65.85% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -82.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -88.09% | — | — |
Current DrawdownCurrent decline from peak | -39.71% | -43.69% | +3.98% |
Average DrawdownAverage peak-to-trough decline | -34.79% | -23.26% | -11.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.89% | 30.11% | -20.22% |
Volatility
URTY vs. OOQB - Volatility Comparison
ProShares UltraPro Russell2000 (URTY) has a higher volatility of 17.18% compared to Volatility Shares One+One Nasdaq-100® and Bitcoin ETF (OOQB) at 0.00%. This indicates that URTY's price experiences larger fluctuations and is considered to be riskier than OOQB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| URTY | OOQB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.18% | 0.00% | +17.18% |
Volatility (6M)Calculated over the trailing 6-month period | 40.37% | 39.39% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.33% | 51.57% | +5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.43% | 58.12% | +9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.32% | 58.12% | +11.20% |
URTY vs. OOQB - Expense Ratio Comparison
URTY has a 0.95% expense ratio, which is higher than OOQB's 0.75% expense ratio.
Dividends
URTY vs. OOQB - Dividend Comparison
URTY's dividend yield for the trailing twelve months is around 0.64%, less than OOQB's 11.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OOQB Volatility Shares One+One Nasdaq-100® and Bitcoin ETF | 11.62% | 9.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URTY ProShares UltraPro Russell2000 | 0.64% | 1.02% | 1.16% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.28% | 0.00% | 0.03% |
Frequently Asked Questions
URTY and OOQB have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
URTY has higher volatility (17.18%) compared to OOQB (0.00%). In terms of maximum drawdown, URTY dropped -88.09% vs OOQB's -53.44%.
On 1-year performance, URTY leads with 117.82% vs -27.35% for OOQB. On fees, OOQB is cheaper at 0.75% per year. On volatility, OOQB has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, URTY has performed better with a 117.82% return vs -27.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
OOQB is cheaper with a 0.75% expense ratio, compared with 0.95% for URTY.
OOQB has the higher dividend yield at 11.62%, compared with 0.64% for URTY.
URTY is categorized as Leveraged Equities, while OOQB is Nasdaq-100. They also come from different issuers: ProShares and Volatility Shares. Their fees differ too: 0.95% for URTY and 0.75% for OOQB.
URTY currently has the higher Sharpe Ratio (2.07 vs -0.53), 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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