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.
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
Key characteristics
RDY:
-0.21
SSO:
1.67
RDY:
-0.14
SSO:
2.18
RDY:
0.98
SSO:
1.29
RDY:
-0.24
SSO:
2.52
RDY:
-0.52
SSO:
9.70
RDY:
9.04%
SSO:
4.34%
RDY:
22.30%
SSO:
25.30%
RDY:
-58.55%
SSO:
-84.67%
RDY:
-19.49%
SSO:
0.00%
Returns By Period
In the year-to-date period, RDY achieves a -14.12% return, which is significantly lower than SSO's 7.79% return. Over the past 10 years, RDY has underperformed SSO with an annualized return of 4.41%, while SSO has yielded a comparatively higher 20.11% annualized return.
RDY
-14.12%
-8.99%
-18.49%
-4.58%
12.12%
4.41%
SSO
7.79%
4.11%
16.67%
41.67%
19.99%
20.11%
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Risk-Adjusted Performance
RDY vs. SSO — Risk-Adjusted Performance Rank
RDY
SSO
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 7.07%, more than SSO's 0.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDY Dr. Reddy's Laboratories Limited | 7.07% | 6.07% | 4.21% | 7.39% | 0.52% | 0.46% | 0.71% | 3.94% | 0.83% | 3.28% | 3.37% | 3.00% |
SSO ProShares Ultra S&P 500 | 0.79% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% |
Drawdowns
RDY vs. SSO - Drawdown Comparison
The maximum RDY drawdown since its inception was -58.55%, 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
Dr. Reddy's Laboratories Limited (RDY) has a higher volatility of 8.67% compared to ProShares Ultra S&P 500 (SSO) at 6.24%. This indicates that RDY'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.