UPW vs VPU
ProShares Ultra Utilities against Vanguard Utilities ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
64%
31 shared positions
Fee gap
86 bp
VPU is cheaper
1-year return gap
10.8 pts
VPU is ahead
Larger fund
VPU
$8.2B
Side by side
| UPW | VPU | |
|---|---|---|
| Fund | ProShares Ultra Utilities | Vanguard Utilities ETF |
| Issuer | ProShares | Vanguard |
| Category | Leveraged Equity | Utilities |
| Expense ratio | 0.95% | 0.09% |
| Assets | $13M | $8.2B |
| Average daily dollar volume | $414K | $80M |
| Listed | Jan 30, 2007 | Jan 26, 2004 |
| FrenzyCap score | 32 | 86 |
| 1-month return | +6.3% | +2.8% |
| 3-month return | −18.1% | −8.9% |
| Year to date | −6.9% | −1.8% |
| 1-year return | −19.3% | −8.6% |
| 30-day volatility | 34.9% | 17.0% |
| Worst drawdown, 1 year | −33.9% | −17.3% |
| Trailing 12-month yield | 1.88% | 2.86% |
| Holdings | 37 | 75 |
| Top 10 weight | 161.7% | 52.5% |
| Look-through P/E | 19.3 | 19.4 |
| Holdings vs fair value | −4.0% | −3.1% |
| Holdings above 200-day average | 12% | 16% |
| Net flow, latest 3 reported months | +$5.7M thru May 2026 | +$247M thru May 2026 |
| 30-day implied volatility | 33.3% | 17.9% |
| Holdings as of | as of Oct 21, 2026issuer data | as of Sep 30, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
64% of UPW · 89% of VPU| Holding | UPW | VPU |
|---|---|---|
| NEE | 7.88% | 11.43% |
| SO | 5.02% | 6.76% |
| DUK | 4.54% | 6.43% |
| CEG | 4.30% | 5.75% |
| AEP | 3.35% | 4.67% |
| D | 2.65% | 3.85% |
| SRE | 2.64% | 3.69% |
| ETR | 2.39% | 3.35% |
| VST | 2.38% | 3.38% |
| XEL | 2.31% | 3.19% |
| EXC | 2.15% | 2.99% |
| ED | 2.00% | 2.73% |
| PEG | 1.71% | 2.43% |
| WEC | 1.71% | 2.38% |
| AEE | 1.42% | 1.99% |
| PCG | 1.40% | 1.95% |
| ATO | 1.36% | 1.89% |
| DTE | 1.30% | 1.83% |
| AWK | 1.29% | 1.71% |
| CNP | 1.28% | 1.74% |
| PPL | 1.26% | 1.79% |
| ES | 1.19% | 1.75% |
| FE | 1.15% | 1.72% |
| EIX | 1.06% | 1.50% |
| CMS | 1.03% | 1.41% |
Sector mix of the stock holdings
| Sector | UPW | VPU | Gap |
|---|---|---|---|
| Utilities | 63.7% | 99.0% | −35.3% |
| Materials | 0.0% | 0.3% | −0.3% |
More: full overlap table · UPW holdings · VPU holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.