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:
0.06
SSO:
0.03
RDY:
0.25
SSO:
0.31
RDY:
1.03
SSO:
1.05
RDY:
0.05
SSO:
0.04
RDY:
0.11
SSO:
0.15
RDY:
12.37%
SSO:
8.46%
RDY:
24.40%
SSO:
37.62%
RDY:
-58.55%
SSO:
-84.67%
RDY:
-18.83%
SSO:
-28.17%
Returns By Period
In the year-to-date period, RDY achieves a -13.43% return, which is significantly higher than SSO's -22.19% return. Over the past 10 years, RDY has underperformed SSO with an annualized return of 4.12%, while SSO has yielded a comparatively higher 16.27% annualized return.
RDY
-13.43%
0.66%
-14.21%
2.04%
9.80%
4.12%
SSO
-22.19%
-14.92%
-22.53%
4.88%
22.89%
16.27%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 4.21%, more than SSO's 1.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDY Dr. Reddy's Laboratories Limited | 4.21% | 3.64% | 1.40% | 1.48% | 0.52% | 0.47% | 0.70% | 0.77% | 0.83% | 0.66% | 0.68% | 0.60% |
SSO ProShares Ultra S&P 500 | 1.08% | 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
The current volatility for Dr. Reddy's Laboratories Limited (RDY) is 10.56%, while ProShares Ultra S&P 500 (SSO) has a volatility of 26.77%. 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.