VGER.DE vs. UPRO

Last updated Apr 2, 2026

Compare and contrast key facts about Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) and ProShares UltraPro S&P 500 (UPRO).

VGER.DE and UPRO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. VGER.DE is a passively managed fund by Vanguard that tracks the performance of the FTSE Germany All Cap. It was launched on Jul 17, 2018. 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. Both VGER.DE and UPRO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

VGER.DE vs. UPRO - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) and ProShares UltraPro S&P 500 (UPRO). The values are adjusted to include any dividend payments, if applicable.

VGER.DE vs. UPRO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VGER.DE Vanguard Germany All Cap UCITS ETF Dist	-4.13%	21.13%	16.18%	19.26%	-17.51%	12.84%	3.89%	23.04%	-15.57%
UPRO ProShares UltraPro S&P 500	-12.82%	16.23%	74.36%	63.48%	-54.17%	113.50%	1.01%	106.87%	-30.86%

Different Trading Currencies

VGER.DE is traded in EUR, while UPRO is traded in USD. To make them comparable, the UPRO values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, VGER.DE achieves a -4.13% return, which is significantly higher than UPRO's -14.70% return.

VGER.DE

• 1D: 2.72%
• 1M: -5.58%
• YTD: -4.13%
• 6M: -2.53%
• 1Y: 3.13%
• 3Y*: 12.66%
• 5Y*: 6.57%
• 10Y*: —

UPRO

• 1D: 0.00%
• 1M: -14.79%
• YTD: -14.70%
• 6M: -12.24%
• 1Y: 22.50%
• 3Y*: 34.37%
• 5Y*: 17.06%
• 10Y*: 25.06%

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

VGER.DE vs. UPRO - Expense Ratio Comparison

VGER.DE has a 0.10% expense ratio, which is lower than UPRO's 0.92% expense ratio.

UPRO

ProShares UltraPro S&P 500

VGER.DE

Vanguard Germany All Cap UCITS ETF Dist

Return for Risk

VGER.DE vs. UPRO — Risk / Return Rank

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

VGER.DE

VGER.DE Risk / Return Rank: 16
VGER.DE Sharpe Ratio Rank: 16
VGER.DE Sortino Ratio Rank: 15
VGER.DE Omega Ratio Rank: 15
VGER.DE Calmar Ratio Rank: 18
VGER.DE Martin Ratio Rank: 18

UPRO

UPRO Risk / Return Rank: 40
UPRO Sharpe Ratio Rank: 32
UPRO Sortino Ratio Rank: 41
UPRO Omega Ratio Rank: 45
UPRO Calmar Ratio Rank: 39
UPRO Martin Ratio Rank: 43

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.

VGER.DE vs. UPRO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) and ProShares UltraPro S&P 500 (UPRO). 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.

	VGER.DE	UPRO	Difference
Sharpe ratio Return per unit of total volatility	0.18	0.41	-0.23
Sortino ratio Return per unit of downside risk	0.36	0.94	-0.58
Omega ratio Gain probability vs. loss probability	1.05	1.15	-0.10
Calmar ratio Return relative to maximum drawdown	0.31	0.70	-0.39
Martin ratio Return relative to average drawdown	0.94	2.64	-1.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VGER.DE vs. UPRO - Sharpe Ratio Comparison

The current VGER.DE Sharpe Ratio is 0.18, which is lower than the UPRO Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of VGER.DE and UPRO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	VGER.DE	UPRO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.18	0.41	-0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.35	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.64	-0.29

Correlation

The correlation between VGER.DE and UPRO is 0.47, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

VGER.DE vs. UPRO - Dividend Comparison

VGER.DE's dividend yield for the trailing twelve months is around 2.28%, more than UPRO's 1.02% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VGER.DE Vanguard Germany All Cap UCITS ETF Dist	2.28%	2.12%	2.40%	2.96%	4.07%	1.86%	2.93%	2.55%	0.00%	0.00%	0.00%	0.00%
UPRO ProShares UltraPro S&P 500	1.02%	0.84%	0.93%	0.74%	0.52%	0.06%	0.11%	0.41%	0.63%	0.00%	0.12%	0.34%

Drawdowns

VGER.DE vs. UPRO - Drawdown Comparison

The maximum VGER.DE drawdown since its inception was -38.64%, smaller than the maximum UPRO drawdown of -76.64%. Use the drawdown chart below to compare losses from any high point for VGER.DE and UPRO.

Drawdown Indicators

	VGER.DE	UPRO	Difference
Max Drawdown Largest peak-to-trough decline	-38.64%	-76.82%	+38.18%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-33.38%	+21.64%
Max Drawdown (5Y) Largest decline over 5 years	-31.17%	-63.94%	+32.77%
Max Drawdown (10Y) Largest decline over 10 years	—	-76.82%	—
Current Drawdown Current decline from peak	-7.81%	-18.68%	+10.87%
Average Drawdown Average peak-to-trough decline	-7.24%	-14.53%	+7.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.87%	8.41%	-4.54%

Volatility

VGER.DE vs. UPRO - Volatility Comparison

The current volatility for Vanguard Germany All Cap UCITS ETF Dist (VGER.DE) is 7.07%, while ProShares UltraPro S&P 500 (UPRO) has a volatility of 14.59%. This indicates that VGER.DE experiences smaller price fluctuations and is considered to be less risky than UPRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VGER.DE	UPRO	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	14.59%	-7.52%
Volatility (6M) Calculated over the trailing 6-month period	11.37%	28.15%	-16.78%
Volatility (1Y) Calculated over the trailing 1-year period	17.36%	55.65%	-38.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.82%	49.00%	-32.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.57%	53.23%	-33.66%