^SP400 vs. SSO

In the year-to-date period, ^SP400 achieves a 1.65% return, which is significantly lower than SSO's 7.77% return. Over the past 10 years, ^SP400 has underperformed SSO with an annualized return of 7.61%, while SSO has yielded a comparatively higher 20.00% annualized return.

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

This table presents a comparison of risk-adjusted performance metrics for S&P 400 Index (^SP400) and ProShares Ultra S&P 500 (SSO). 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.

The current ^SP400 Sharpe Ratio is 0.27, which is lower than the SSO Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of ^SP400 and SSO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The correlation between ^SP400 and SSO is 0.89, 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.

The maximum ^SP400 drawdown since its inception was -56.32%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for ^SP400 and SSO.

The current volatility for S&P 400 Index (^SP400) is 3.74%, while ProShares Ultra S&P 500 (SSO) has a volatility of 5.71%. This indicates that ^SP400 experiences smaller price fluctuations and is considered to be less risky than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.