^SML vs. SAA
Compare and contrast key facts about S&P Small-Cap 600 Index (^SML) and ProShares Ultra SmallCap600 (SAA).
SAA is a passively managed fund by ProShares that tracks the performance of the S&P SmallCap 600 Index (200%). It was launched on Jan 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SML or SAA.
Correlation
The correlation between ^SML and SAA is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
^SML vs. SAA - Performance Comparison
Key characteristics
^SML:
-0.16
SAA:
-0.32
^SML:
-0.08
SAA:
-0.16
^SML:
0.99
SAA:
0.98
^SML:
-0.14
SAA:
-0.29
^SML:
-0.42
SAA:
-0.83
^SML:
9.76%
SAA:
19.10%
^SML:
23.77%
SAA:
48.99%
^SML:
-59.17%
SAA:
-87.39%
^SML:
-18.17%
SAA:
-42.67%
Returns By Period
In the year-to-date period, ^SML achieves a -10.24% return, which is significantly higher than SAA's -22.92% return. Over the past 10 years, ^SML has underperformed SAA with an annualized return of 5.93%, while SAA has yielded a comparatively higher 6.34% annualized return.
^SML
-10.24%
14.27%
-15.74%
-3.86%
10.42%
5.93%
SAA
-22.92%
28.41%
-33.34%
-15.78%
13.89%
6.34%
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Risk-Adjusted Performance
^SML vs. SAA — Risk-Adjusted Performance Rank
^SML
SAA
^SML vs. SAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Small-Cap 600 Index (^SML) and ProShares Ultra SmallCap600 (SAA). 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.
Drawdowns
^SML vs. SAA - Drawdown Comparison
The maximum ^SML drawdown since its inception was -59.17%, smaller than the maximum SAA drawdown of -87.39%. Use the drawdown chart below to compare losses from any high point for ^SML and SAA. For additional features, visit the drawdowns tool.
Volatility
^SML vs. SAA - Volatility Comparison
The current volatility for S&P Small-Cap 600 Index (^SML) is 11.05%, while ProShares Ultra SmallCap600 (SAA) has a volatility of 21.89%. This indicates that ^SML experiences smaller price fluctuations and is considered to be less risky than SAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.