RDY vs. SSO
Compare and contrast key facts about Dr. Reddy's Laboratories Limited (RDY) and ProShares Ultra S&P 500 (SSO).
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: RDY or SSO.
Key characteristics
| RDY | SSO | |
|---|---|---|
| YTD Return | 15.72% | 36.44% |
| 1Y Return | 22.24% | 68.91% |
| 3Y Return (Ann) | 7.25% | 14.41% |
| 5Y Return (Ann) | 17.58% | 23.40% |
| 10Y Return (Ann) | 5.29% | 20.34% |
| Sharpe Ratio | 1.06 | 2.87 |
| Daily Std Dev | 20.59% | 24.80% |
| Max Drawdown | -60.53% | -84.67% |
| Current Drawdown | -5.51% | -2.18% |
Correlation
The correlation between RDY and SSO is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
RDY vs. SSO - Performance Comparison
In the year-to-date period, RDY achieves a 15.72% return, which is significantly lower than SSO's 36.44% return. Over the past 10 years, RDY has underperformed SSO with an annualized return of 5.29%, while SSO has yielded a comparatively higher 20.34% 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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Risk-Adjusted Performance
RDY vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dr. Reddy's Laboratories Limited (RDY) 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
RDY vs. SSO - Dividend Comparison
RDY's dividend yield for the trailing twelve months is around 1.20%, more than SSO's 0.75% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDY Dr. Reddy's Laboratories Limited | 1.20% | 1.39% | 1.48% | 0.52% | 0.47% | 0.70% | 0.77% | 0.84% | 0.66% | 0.68% | 0.60% | 0.64% |
SSO ProShares Ultra S&P 500 | 0.75% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.50% | 0.63% | 0.33% | 0.26% |
Drawdowns
RDY vs. SSO - Drawdown Comparison
The maximum RDY drawdown since its inception was -60.53%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for RDY and SSO. For additional features, visit the drawdowns tool.
Volatility
RDY vs. SSO - Volatility Comparison
The current volatility for Dr. Reddy's Laboratories Limited (RDY) is 3.77%, while ProShares Ultra S&P 500 (SSO) has a volatility of 6.58%. This indicates that RDY 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.