BPTRX vs. SSO
Compare and contrast key facts about Baron Partners Fund (BPTRX) and ProShares Ultra S&P 500 (SSO).
BPTRX is managed by Baron Capital Group, Inc.. It was launched on Apr 30, 2003. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BPTRX or SSO.
Key characteristics
| BPTRX | SSO | |
|---|---|---|
| YTD Return | -11.63% | 13.16% |
| 1Y Return | 14.22% | 51.13% |
| 3Y Return (Ann) | -2.13% | 9.78% |
| 5Y Return (Ann) | 22.68% | 18.74% |
| 10Y Return (Ann) | 17.00% | 19.40% |
| Sharpe Ratio | 0.53 | 2.10 |
| Daily Std Dev | 25.26% | 23.25% |
| Max Drawdown | -65.33% | -84.67% |
| Current Drawdown | -33.98% | -5.31% |
Correlation
The correlation between BPTRX and SSO is 0.82, 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
BPTRX vs. SSO - Performance Comparison
In the year-to-date period, BPTRX achieves a -11.63% return, which is significantly lower than SSO's 13.16% return. Over the past 10 years, BPTRX has underperformed SSO with an annualized return of 17.00%, while SSO has yielded a comparatively higher 19.40% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BPTRX vs. SSO - Expense Ratio Comparison
BPTRX has a 1.36% expense ratio, which is higher than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
BPTRX vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Partners Fund (BPTRX) 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.
Dividends
BPTRX vs. SSO - Dividend Comparison
BPTRX has not paid dividends to shareholders, while SSO's dividend yield for the trailing twelve months is around 0.40%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BPTRX Baron Partners Fund | 0.00% | 0.00% | 3.19% | 7.72% | 3.67% | 0.26% | 0.00% | 0.00% | 0.00% | 0.35% | 0.00% | 0.00% |
SSO ProShares Ultra S&P 500 | 0.40% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.50% | 0.63% | 0.33% | 0.26% |
Drawdowns
BPTRX vs. SSO - Drawdown Comparison
The maximum BPTRX drawdown since its inception was -65.33%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for BPTRX and SSO. For additional features, visit the drawdowns tool.
Volatility
BPTRX vs. SSO - Volatility Comparison
Baron Partners Fund (BPTRX) has a higher volatility of 8.75% compared to ProShares Ultra S&P 500 (SSO) at 8.20%. This indicates that BPTRX's price experiences larger fluctuations and is considered to be riskier than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.