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BRZE vs. SSO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BRZE vs. SSO

Last updated Jun 4, 2026

BRZE (Braze, Inc.) is a stock, while SSO (ProShares Ultra S&P500) is Leveraged Equities fund tracking the S&P 500. Over the past 3 years, BRZE returned -10.22%/yr vs 37.56%/yr for SSO. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

BRZE vs. SSO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Braze, Inc. (BRZE) and ProShares Ultra S&P500 (SSO). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, BRZE achieves a -31.29% return, which is significantly lower than SSO's 19.37% return.

BRZE

1D
-8.29%
1M
-2.52%
YTD
-31.29%
6M
-19.81%
1Y
-34.99%
3Y*
-10.22%
5Y*
—
10Y*
—

SSO

1D
-1.40%
1M
9.75%
YTD
19.37%
6M
18.81%
1Y
52.69%
3Y*
37.56%
5Y*
19.62%
10Y*
24.21%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BRZE vs. SSO - Yearly Performance Comparison

2026 (YTD)20252024202320222021
BRZE
Braze, Inc.		-31.29%-18.12%-21.17%94.76%-64.64%-17.38%
SSO
ProShares Ultra S&P500		19.37%26.19%43.48%46.65%-38.98%3.06%

Correlation

The correlation between BRZE and SSO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.27

Correlation (3Y)
Calculated over the trailing 3-year period

0.46

Correlation (All Time)
Calculated using the full available price history since Nov 18, 2021

0.52

Over the past year, the correlation between BRZE and SSO has dropped to 0.27 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

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Braze, Inc.

ProShares Ultra S&P500

Often compared with BRZE:
BRZE vs. PRCHBRZE vs. NVDABRZE vs. KVYOBRZE vs. SCHGBRZE vs. VOOBRZE vs. QQQBRZE vs. SMH
Often compared with SSO:
SSO vs. QLDSSO vs. SPYSSO vs. UPROSSO vs. VOOSSO vs. SPUUSSO vs. SPXLSSO vs. QQQ

Return for Risk

BRZE vs. SSO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BRZE
BRZE Risk / Return Rank: 1919
Overall Rank
BRZE Sharpe Ratio Rank: 1818
Sharpe Ratio Rank
BRZE Sortino Ratio Rank: 2121
Sortino Ratio Rank
BRZE Omega Ratio Rank: 2121
Omega Ratio Rank
BRZE Calmar Ratio Rank: 1919
Calmar Ratio Rank
BRZE Martin Ratio Rank: 1717
Martin Ratio Rank
SSO
SSO Risk / Return Rank: 6262
Overall Rank
SSO Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
SSO Sortino Ratio Rank: 5959
Sortino Ratio Rank
SSO Omega Ratio Rank: 6060
Omega Ratio Rank
SSO Calmar Ratio Rank: 5858
Calmar Ratio Rank
SSO Martin Ratio Rank: 6868
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BRZE vs. SSO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Braze, Inc. (BRZE) and ProShares Ultra S&P500 (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.

BRZESSODifference
Sharpe ratioReturn per unit of total volatility
-0.52
2.25

-2.76

Sortino ratioReturn per unit of downside risk
-0.43
2.86

-3.29

Omega ratioGain probability vs. loss probability

0.95

1.38

-0.43

Calmar ratioReturn relative to maximum drawdown

-0.62

2.91

-3.53

Martin ratioReturn relative to average drawdown

-1.12

12.80

-13.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRZE vs. SSO - Sharpe Ratio Comparison

The current BRZE Sharpe Ratio is -0.52, which is lower than the SSO Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of BRZE and SSO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BRZESSODifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.52

2.25

-2.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.59

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.68

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.41

0.42

-0.82

Drawdowns

BRZE vs. SSO - Drawdown Comparison

The maximum BRZE drawdown since its inception was -83.23%, roughly equal to the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for BRZE and SSO.

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Drawdown Indicators

BRZESSODifference

Max Drawdown

Largest peak-to-trough decline

-83.23%

-84.67%

+1.44%

Max Drawdown (1Y)

Largest decline over 1 year

-56.87%

-18.17%

-38.70%

Max Drawdown (3Y)

Largest decline over 3 years

-73.56%

-35.21%

-38.35%

Max Drawdown (5Y)

Largest decline over 5 years

—

-46.73%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-59.34%

—

Current Drawdown

Current decline from peak

-74.98%

-1.40%

-73.58%

Average Drawdown

Average peak-to-trough decline

-59.90%

-19.57%

-40.33%

Ulcer Index

Depth and duration of drawdowns from previous peaks

31.41%

4.13%

+27.28%

Volatility

BRZE vs. SSO - Volatility Comparison

Braze, Inc. (BRZE) has a higher volatility of 27.11% compared to ProShares Ultra S&P500 (SSO) at 5.66%. This indicates that BRZE'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.

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Volatility by Period

BRZESSODifference

Volatility (1M)

Calculated over the trailing 1-month period

27.11%

5.66%

+21.45%

Volatility (6M)

Calculated over the trailing 6-month period

55.48%

17.78%

+37.70%

Volatility (1Y)

Calculated over the trailing 1-year period

67.91%

23.60%

+44.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

64.68%

33.65%

+31.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

64.68%

35.89%

+28.79%

Dividends

BRZE vs. SSO - Dividend Comparison

BRZE has not paid dividends to shareholders, while SSO's dividend yield for the trailing twelve months is around 0.62%.

PositionTTM20252024202320222021202020192018201720162015
BRZE
Braze, Inc.		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SSO
ProShares Ultra S&P500		0.62%0.68%0.85%0.18%0.50%0.18%0.20%0.50%0.75%0.39%0.51%0.63%

Frequently Asked Questions

BRZE and SSO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BRZE has higher volatility (27.11%) compared to SSO (5.66%). In terms of maximum drawdown, BRZE dropped -83.23% vs SSO's -84.67%.

SSO currently has the higher Sharpe Ratio (2.25 vs -0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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