BRIIX vs. SSO
Compare and contrast key facts about Baron Real Estate Income Fund (BRIIX) and ProShares Ultra S&P 500 (SSO).
BRIIX is managed by Baron Capital Group, Inc.. It was launched on Dec 29, 2017. 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: BRIIX or SSO.
Key characteristics
| BRIIX | SSO | |
|---|---|---|
| YTD Return | -4.21% | 10.39% |
| 1Y Return | 7.10% | 45.28% |
| 3Y Return (Ann) | -2.91% | 8.43% |
| 5Y Return (Ann) | 7.44% | 18.16% |
| Sharpe Ratio | 0.40 | 1.87 |
| Daily Std Dev | 17.46% | 23.18% |
| Max Drawdown | -37.06% | -84.67% |
| Current Drawdown | -19.76% | -7.63% |
Correlation
The correlation between BRIIX and SSO is 0.74, 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
BRIIX vs. SSO - Performance Comparison
In the year-to-date period, BRIIX achieves a -4.21% return, which is significantly lower than SSO's 10.39% 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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BRIIX vs. SSO - Expense Ratio Comparison
BRIIX has a 1.08% expense ratio, which is higher than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
BRIIX vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Income Fund (BRIIX) 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
BRIIX vs. SSO - Dividend Comparison
BRIIX's dividend yield for the trailing twelve months is around 2.03%, more than SSO's 0.41% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRIIX Baron Real Estate Income Fund | 2.03% | 1.94% | 2.00% | 1.42% | 0.77% | 1.12% | 3.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P 500 | 0.41% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.50% | 0.63% | 0.33% | 0.26% |
Drawdowns
BRIIX vs. SSO - Drawdown Comparison
The maximum BRIIX drawdown since its inception was -37.06%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for BRIIX and SSO. For additional features, visit the drawdowns tool.
Volatility
BRIIX vs. SSO - Volatility Comparison
The current volatility for Baron Real Estate Income Fund (BRIIX) is 5.70%, while ProShares Ultra S&P 500 (SSO) has a volatility of 8.11%. This indicates that BRIIX 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.