PSFF vs. SSO
Compare and contrast key facts about Pacer Swan SOS Fund of Funds ETF (PSFF) and ProShares Ultra S&P 500 (SSO).
PSFF and SSO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSFF is an actively managed fund by Pacer Advisors. It was launched on Dec 29, 2020. 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: PSFF or SSO.
Key characteristics
| PSFF | SSO | |
|---|---|---|
| YTD Return | 3.28% | 10.83% |
| 1Y Return | 16.62% | 46.97% |
| 3Y Return (Ann) | 7.40% | 8.80% |
| Sharpe Ratio | 2.16 | 1.80 |
| Daily Std Dev | 7.33% | 23.52% |
| Max Drawdown | -10.62% | -84.67% |
| Current Drawdown | -1.04% | -7.26% |
Correlation
The correlation between PSFF and SSO is 0.89, 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
PSFF vs. SSO - Performance Comparison
In the year-to-date period, PSFF achieves a 3.28% return, which is significantly lower than SSO's 10.83% 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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PSFF vs. SSO - Expense Ratio Comparison
PSFF has a 0.93% expense ratio, which is higher than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
PSFF vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Fund of Funds ETF (PSFF) 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
PSFF vs. SSO - Dividend Comparison
PSFF has not paid dividends to shareholders, while SSO's dividend yield for the trailing twelve months is around 0.41%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSFF Pacer Swan SOS Fund of Funds ETF | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 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
PSFF vs. SSO - Drawdown Comparison
The maximum PSFF drawdown since its inception was -10.62%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for PSFF and SSO. For additional features, visit the drawdowns tool.
Volatility
PSFF vs. SSO - Volatility Comparison
The current volatility for Pacer Swan SOS Fund of Funds ETF (PSFF) is 1.70%, while ProShares Ultra S&P 500 (SSO) has a volatility of 7.15%. This indicates that PSFF 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.