BREIX vs. SSO
Compare and contrast key facts about Baron Real Estate Fund (BREIX) and ProShares Ultra S&P 500 (SSO).
BREIX is managed by Baron Capital Group, Inc.. It was launched on Dec 31, 2009. 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: BREIX or SSO.
Key characteristics
| BREIX | SSO | |
|---|---|---|
| YTD Return | -0.36% | 12.74% |
| 1Y Return | 13.38% | 42.74% |
| 3Y Return (Ann) | -1.84% | 9.37% |
| 5Y Return (Ann) | 13.37% | 19.01% |
| 10Y Return (Ann) | 9.57% | 19.21% |
| Sharpe Ratio | 0.80 | 1.96 |
| Daily Std Dev | 18.95% | 23.04% |
| Max Drawdown | -38.47% | -84.67% |
| Current Drawdown | -10.86% | -5.66% |
Correlation
The correlation between BREIX and SSO is 0.85, 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
BREIX vs. SSO - Performance Comparison
In the year-to-date period, BREIX achieves a -0.36% return, which is significantly lower than SSO's 12.74% return. Over the past 10 years, BREIX has underperformed SSO with an annualized return of 9.57%, while SSO has yielded a comparatively higher 19.21% 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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BREIX vs. SSO - Expense Ratio Comparison
BREIX has a 1.05% expense ratio, which is higher than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
BREIX vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Fund (BREIX) 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
BREIX vs. SSO - Dividend Comparison
BREIX's dividend yield for the trailing twelve months is around 0.43%, more than SSO's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BREIX Baron Real Estate Fund | 0.43% | 0.43% | 2.85% | 7.95% | 6.18% | 14.04% | 12.19% | 4.71% | 0.62% | 1.96% | 0.32% | 0.24% |
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
BREIX vs. SSO - Drawdown Comparison
The maximum BREIX drawdown since its inception was -38.47%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for BREIX and SSO. For additional features, visit the drawdowns tool.
Volatility
BREIX vs. SSO - Volatility Comparison
The current volatility for Baron Real Estate Fund (BREIX) is 6.10%, while ProShares Ultra S&P 500 (SSO) has a volatility of 7.32%. This indicates that BREIX 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.