REW vs. SSG
Compare and contrast key facts about ProShares UltraShort Technology (REW) and Proshares Ultrashort Semiconductors (SSG).
REW and SSG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Technology Index (-200%). It was launched on Jan 30, 2007. SSG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (-200%). It was launched on Jan 30, 2007. Both REW and SSG 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
REW vs. SSG - Performance Comparison
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REW vs. SSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
REW ProShares UltraShort Technology | 14.28% | -43.15% | -33.70% | -61.35% | 65.72% | -53.61% | -71.34% | -56.83% | -10.02% | -49.11% |
SSG Proshares Ultrashort Semiconductors | -1.48% | -70.03% | -77.59% | -78.69% | 37.90% | -67.46% | -76.50% | -63.33% | -0.79% | -51.60% |
Returns By Period
In the year-to-date period, REW achieves a 14.28% return, which is significantly higher than SSG's -1.48% return. Over the past 10 years, REW has outperformed SSG with an annualized return of -40.52%, while SSG has yielded a comparatively lower -58.81% annualized return.
REW
- 1D
- -8.56%
- 1M
- 7.63%
- YTD
- 14.28%
- 6M
- 8.22%
- 1Y
- -47.23%
- 3Y*
- -35.55%
- 5Y*
- -31.49%
- 10Y*
- -40.52%
SSG
- 1D
- -11.17%
- 1M
- 5.14%
- YTD
- -1.48%
- 6M
- -17.04%
- 1Y
- -76.82%
- 3Y*
- -69.74%
- 5Y*
- -60.78%
- 10Y*
- -58.81%
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REW vs. SSG - Expense Ratio Comparison
Both REW and SSG have an expense ratio of 0.95%.
Return for Risk
REW vs. SSG — Risk / Return Rank
REW
SSG
REW vs. SSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Technology (REW) and Proshares Ultrashort Semiconductors (SSG). 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.
| REW | SSG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.88 | -1.00 | +0.12 |
Sortino ratioReturn per unit of downside risk | -1.21 | -1.90 | +0.70 |
Omega ratioGain probability vs. loss probability | 0.84 | 0.76 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | -0.70 | -0.90 | +0.20 |
Martin ratioReturn relative to average drawdown | -0.84 | -1.04 | +0.20 |
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
| REW | SSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.88 | -1.00 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.62 | -0.79 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.84 | -0.86 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.74 | -0.75 | +0.01 |
Correlation
The correlation between REW and SSG is 0.83, 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.
Dividends
REW vs. SSG - Dividend Comparison
REW's dividend yield for the trailing twelve months is around 4.98%, less than SSG's 5.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
REW ProShares UltraShort Technology | 4.98% | 6.69% | 5.68% | 5.97% | 0.65% | 0.00% | 0.27% | 1.80% | 0.51% |
SSG Proshares Ultrashort Semiconductors | 5.30% | 9.19% | 7.67% | 6.73% | 0.75% | 0.00% | 0.34% | 1.81% | 0.62% |
Drawdowns
REW vs. SSG - Drawdown Comparison
The maximum REW drawdown since its inception was -99.99%, roughly equal to the maximum SSG drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for REW and SSG.
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Drawdown Indicators
| REW | SSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.99% | -100.00% | +0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -67.44% | -85.01% | +17.57% |
Max Drawdown (5Y)Largest decline over 5 years | -88.56% | -99.37% | +10.81% |
Max Drawdown (10Y)Largest decline over 10 years | -99.62% | -99.99% | +0.37% |
Current DrawdownCurrent decline from peak | -99.99% | -100.00% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -86.76% | -88.49% | +1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 56.52% | 73.38% | -16.86% |
Volatility
REW vs. SSG - Volatility Comparison
The current volatility for ProShares UltraShort Technology (REW) is 16.49%, while Proshares Ultrashort Semiconductors (SSG) has a volatility of 22.18%. This indicates that REW experiences smaller price fluctuations and is considered to be less risky than SSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| REW | SSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.49% | 22.18% | -5.69% |
Volatility (6M)Calculated over the trailing 6-month period | 32.90% | 49.00% | -16.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 53.94% | 77.13% | -23.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.30% | 77.03% | -25.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.53% | 68.55% | -20.02% |