UWM vs VOO
UWM vs VOO
ProShares Ultra Russell2000 vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. UWM delivered stronger 1-year returns. UWM offers more diversification with 1966 holdings.
Side-by-Side Comparison
| Metric | UWM | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.95% | 0.03% | |
| AUM | $248M | $979.0B | |
| Dividend Yield | 0.78% | 1.09% | |
| Holdings | 1,994 | 509 | |
| YTD Return | +35.77% | +11.51% | |
| 1Y Return | +69.72% | +21.46% | |
| 3Y Return (annualized) | +21.93% | +20.86% | |
| 5Y Return (annualized) | +3.91% | +13.01% | |
| Volatility (annualized) | 41.0% | 14.1% | |
| Max Drawdown | -88.5% | -34.3% | |
| Fund Family | ProShares | Vanguard (US) | |
| Category | Alternative | Equity | |
| Inception | Jan 23, 2007 | Sep 7, 2010 |
UWM vs VOO Performance
ProShares Ultra Russell2000 (UWM) is a ETF from ProShares and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year UWM returned +69.72% while VOO returned +21.46%. Year to date, UWM is up 35.77% versus a gain of 11.51% for VOO.
Over three years, UWM compounded at +21.93% per year against +20.86% for VOO; over five years the annualized figures are +3.91% and +13.01% respectively. Across the full 16-year window we track, VOO has the edge at +13.44% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
UWM has been the more volatile fund, with annualized monthly volatility of 41.0% 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 -88.5% for UWM and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 0.78% against 1.09% for VOO.
Holdings Overlap
UWM and VOO share 4 holdings out of 2467 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
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. On a $10,000 investment, that is $92 per year of difference.
Which performed better, UWM or VOO?
Over the past year UWM returned +69.72% vs +21.46% for VOO, so UWM leads on 1-year performance. Over the longest common window we track (16 years), UWM annualized +7.03% vs +13.44% for VOO. Past performance does not guarantee future results.
Which is riskier, UWM or VOO?
UWM has been the more volatile fund at 41.0% annualized versus 14.1% for VOO. Worst drawdown: UWM -88.5% vs VOO -34.3%.
Should I hold both UWM and VOO?
UWM and VOO have a monthly-return correlation of 0.86, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between UWM and VOO?
UWM and VOO share 4 common holdings with a 0.0% weight overlap. Combined, they hold 2467 unique securities.
Which pays a higher dividend, UWM or VOO?
UWM yields 0.78% while VOO yields 1.09%, so VOO currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.