EEV vs. SSO
Compare and contrast key facts about ProShares UltraShort MSCI Emerging Markets (EEV) and ProShares Ultra S&P500 (SSO).
EEV and SSO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEV is a passively managed fund by ProShares that tracks the performance of the MSCI Emerging Markets Index (-200%). It was launched on Nov 1, 2007. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500. It was launched on Jun 19, 2006. Both EEV and SSO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EEV vs. SSO - Performance Comparison
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EEV vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | -9.92% | -43.35% | -8.08% | -13.08% | 37.05% | -4.99% | -48.93% | -30.87% | 24.06% | -49.03% |
SSO ProShares Ultra S&P500 | -8.90% | 26.19% | 43.48% | 46.65% | -38.98% | 60.57% | 21.54% | 63.45% | -14.60% | 44.35% |
Returns By Period
In the year-to-date period, EEV achieves a -9.92% return, which is significantly lower than SSO's -8.90% return. Over the past 10 years, EEV has underperformed SSO with an annualized return of -20.76%, while SSO has yielded a comparatively higher 21.24% annualized return.
EEV
- 1D
- -7.55%
- 1M
- 17.84%
- YTD
- -9.92%
- 6M
- -16.06%
- 1Y
- -44.96%
- 3Y*
- -23.86%
- 5Y*
- -9.60%
- 10Y*
- -20.76%
SSO
- 1D
- 1.48%
- 1M
- -9.07%
- YTD
- -8.90%
- 6M
- -6.36%
- 1Y
- 27.41%
- 3Y*
- 28.90%
- 5Y*
- 15.68%
- 10Y*
- 21.24%
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EEV vs. SSO - Expense Ratio Comparison
EEV has a 0.95% expense ratio, which is higher than SSO's 0.87% expense ratio.
Return for Risk
EEV vs. SSO — Risk / Return Rank
EEV
SSO
EEV vs. SSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Emerging Markets (EEV) 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.
| EEV | SSO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.12 | 0.76 | -1.87 |
Sortino ratioReturn per unit of downside risk | -1.76 | 1.27 | -3.03 |
Omega ratioGain probability vs. loss probability | 0.79 | 1.19 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | -0.70 | 1.22 | -1.92 |
Martin ratioReturn relative to average drawdown | -0.98 | 5.19 | -6.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EEV | SSO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.12 | 0.76 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.26 | 0.47 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.51 | 0.59 | -1.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.38 | -0.83 |
Correlation
The correlation between EEV and SSO is -0.74. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
EEV vs. SSO - Dividend Comparison
EEV's dividend yield for the trailing twelve months is around 4.80%, more than SSO's 0.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEV ProShares UltraShort MSCI Emerging Markets | 4.80% | 5.40% | 4.45% | 3.45% | 0.27% | 0.00% | 0.14% | 1.34% | 0.38% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P500 | 0.81% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
Drawdowns
EEV vs. SSO - Drawdown Comparison
The maximum EEV drawdown since its inception was -99.83%, which is greater than SSO's maximum drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for EEV and SSO.
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Drawdown Indicators
| EEV | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.83% | -84.67% | -15.16% |
Max Drawdown (1Y)Largest decline over 1 year | -64.05% | -23.17% | -40.88% |
Max Drawdown (5Y)Largest decline over 5 years | -73.95% | -46.73% | -27.22% |
Max Drawdown (10Y)Largest decline over 10 years | -92.81% | -59.34% | -33.47% |
Current DrawdownCurrent decline from peak | -99.80% | -12.18% | -87.62% |
Average DrawdownAverage peak-to-trough decline | -92.94% | -19.72% | -73.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.95% | 5.44% | +40.51% |
Volatility
EEV vs. SSO - Volatility Comparison
ProShares UltraShort MSCI Emerging Markets (EEV) has a higher volatility of 21.55% compared to ProShares Ultra S&P500 (SSO) at 10.69%. This indicates that EEV'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
| EEV | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.55% | 10.69% | +10.86% |
Volatility (6M)Calculated over the trailing 6-month period | 30.23% | 18.99% | +11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.32% | 36.46% | +3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.24% | 33.66% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.75% | 35.86% | +4.89% |