UWM vs VOO
ProShares Ultra Russell2000 vs Vanguard S&P 500 ETF
Which is better, UWM or VOO?
Multi Alternative against Large Cap Blend.
VOO has a lower expense ratio. UWM led over 3Y and the full window, VOO over 1Y and 5Y.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | UWM | VOO |
|---|---|---|
| Expense Ratio | 0.95% | 0.03%Best |
| AUM | $219M | $1.0T |
| Dividend Yield | 0.87% | 1.06% |
| Holdings | 1,994 | 506 |
| YTD Return | +16.00%Best | +13.89% |
| 1Y Return | +13.11% | +17.36%Best |
| 3Y Return (annualized) | +25.33%Best | +22.55% |
| 5Y Return (annualized) | -0.03% | +13.17%Best |
| Volatility (annualized) | 38.5% | 14.1%Best |
| Max Drawdown | -71.7% | -34.3%Best |
| $10,000 over 5 years | $9,985 | $18,563Best |
| Fund Family | ProShares | Vanguard (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Blend |
| Inception | Jan 23, 2007 | Sep 7, 2010 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2010 to Oct 15, 2026 (16.1 years).
UWM vs VOO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.1 years both funds cover.
UWM vs VOO Performance
ProShares Ultra Russell2000 (UWM) is an ETF from ProShares and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year UWM returned +13.11% while VOO returned +17.36%. Year to date, UWM is up 16.00% versus a gain of 13.89% for VOO.
Over three years, UWM compounded at +25.33% per year against +22.55% for VOO; over five years the annualized figures are -0.03% and +13.17% respectively. Across the full 16-year window we track, UWM has the edge at +13.90% annualized vs +13.41%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UWM has been the more volatile fund, with annualized monthly volatility of 38.5% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -71.7% for UWM and -34.3% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.86. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
UWM charges 0.95% per year while VOO charges 0.03%. On a $10,000 position that is $95 vs $3 annually, a gap of $92 per year that compounds over a long holding period. On income, UWM currently yields 0.87% against 1.06% for VOO.
Holdings Overlap
We hold position weights for 2 holdings in UWM and 504 in VOO, totalling 0.0% and 100.1% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 2 positions we hold weights for in UWM and 504 in VOO, against full books of 1,994 and 506.
You are not choosing between two funds in isolation.
Whichever of UWM and VOO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, UWM or VOO?
UWM has an expense ratio of 0.95% while VOO charges 0.03%. VOO is the cheaper option, by $92 a year on a $10,000 investment.
Which performed better, UWM or VOO?
Over the past year UWM returned +13.11% vs +17.36% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), UWM annualized +13.90% vs +13.41% for VOO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, UWM or VOO?
UWM has been the more volatile fund at 38.5% annualized versus 14.1% for VOO. Worst drawdown: UWM -71.7% vs VOO -34.3%.
Should I hold both UWM and VOO?
UWM and VOO have a monthly-return correlation of 0.86, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, UWM or VOO?
UWM yields 0.87% while VOO yields 1.06%, so VOO currently pays the higher dividend yield.
Is VOO better than UWM?
VOO has a lower expense ratio. UWM led over 3Y and the full window, VOO over 1Y and 5Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.