RINF vs. SSO

Last updated Jun 4, 2026

RINF (ProShares Inflation Expectations ETF) and SSO (ProShares Ultra S&P500) are both exchange-traded funds - RINF is a Inflation-Protected Bonds fund tracking the FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while SSO is a Leveraged Equities fund tracking the S&P 500. Both are passively managed. Over the past 10 years, RINF returned 4.69%/yr vs 24.21%/yr for SSO. At a 0.14 correlation, their price movements are largely independent. RINF charges 0.30%/yr vs 0.87%/yr for SSO.

Performance

RINF vs. SSO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Inflation Expectations ETF (RINF) and ProShares Ultra S&P500 (SSO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RINF achieves a 2.37% return, which is significantly lower than SSO's 19.37% return. Over the past 10 years, RINF has underperformed SSO with an annualized return of 4.69%, while SSO has yielded a comparatively higher 24.21% annualized return.

RINF

• 1D: -0.07%
• 1M: 0.43%
• YTD: 2.37%
• 6M: 3.08%
• 1Y: 2.48%
• 3Y*: 4.84%
• 5Y*: 5.43%
• 10Y*: 4.69%

SSO

• 1D: -1.40%
• 1M: 9.75%
• YTD: 19.37%
• 6M: 18.81%
• 1Y: 52.69%
• 3Y*: 37.56%
• 5Y*: 19.62%
• 10Y*: 24.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RINF vs. SSO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RINF ProShares Inflation Expectations ETF	2.37%	1.64%	9.79%	0.21%	8.77%	16.20%	1.98%	1.82%	-0.79%	-1.70%
SSO ProShares Ultra S&P500	19.37%	26.19%	43.48%	46.65%	-38.98%	60.57%	21.54%	63.45%	-14.60%	44.35%

Correlation

The correlation between RINF and SSO is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.00
Correlation (5Y) Calculated over the trailing 5-year period	0.10
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jan 13, 2012	0.14

The correlation between RINF and SSO shifts across timeframes, from 0.00 (3 years) to 0.14 (all time), reflecting how their relationship changes across market environments.

RINF vs. SSO - Sectors Allocation Comparison

Sectors	RINF	SSO
Financial Services	76.3%	11.8%
Basic Materials	-	1.8%
Communication Services	-	11.2%
Consumer Cyclical	-	10.1%
Consumer Defensive	-	4.9%
Energy	-	3.5%
Healthcare	-	8.5%
Industrials	-	8.3%
Real Estate	-	1.9%
Technology	-	35.6%
Utilities	-	2.4%

Return for Risk

RINF vs. SSO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RINF

RINF Risk / Return Rank: 18
RINF Sharpe Ratio Rank: 17
RINF Sortino Ratio Rank: 16
RINF Omega Ratio Rank: 16
RINF Calmar Ratio Rank: 21
RINF Martin Ratio Rank: 18

SSO

SSO Risk / Return Rank: 62
SSO Sharpe Ratio Rank: 66
SSO Sortino Ratio Rank: 59
SSO Omega Ratio Rank: 60
SSO Calmar Ratio Rank: 58
SSO Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RINF vs. SSO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Inflation Expectations ETF (RINF) and ProShares Ultra S&P500 (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.

	RINF	SSO	Difference
Sharpe ratio: Return per unit of total volatility	0.56	2.25	-1.69
Sortino ratio: Return per unit of downside risk	0.82	2.86	-2.03
Omega ratio: Gain probability vs. loss probability	1.10	1.38	-0.28
Calmar ratio: Return relative to maximum drawdown	0.96	2.91	-1.96
Martin ratio: Return relative to average drawdown	1.83	12.80	-10.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RINF vs. SSO - Sharpe Ratio Comparison

The current RINF Sharpe Ratio is 0.56, which is lower than the SSO Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of RINF and SSO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RINF	SSO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.56	2.25	-1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.59	-0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.68	-0.30
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	0.42	-0.33

Drawdowns

RINF vs. SSO - Drawdown Comparison

The maximum RINF drawdown since its inception was -43.51%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for RINF and SSO.

Drawdown Indicators

	RINF	SSO	Difference
Max Drawdown Largest peak-to-trough decline	-43.51%	-84.67%	+41.16%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-18.17%	+15.57%
Max Drawdown (3Y) Largest decline over 3 years	-9.62%	-35.21%	+25.59%
Max Drawdown (5Y) Largest decline over 5 years	-13.58%	-46.73%	+33.15%
Max Drawdown (10Y) Largest decline over 10 years	-29.18%	-59.34%	+30.16%
Current Drawdown Current decline from peak	-0.66%	-1.40%	+0.74%
Average Drawdown Average peak-to-trough decline	-16.45%	-19.57%	+3.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	4.13%	-2.76%

Volatility

RINF vs. SSO - Volatility Comparison

The current volatility for ProShares Inflation Expectations ETF (RINF) is 1.19%, while ProShares Ultra S&P500 (SSO) has a volatility of 5.66%. This indicates that RINF 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.

Volatility by Period

	RINF	SSO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.19%	5.66%	-4.47%
Volatility (6M) Calculated over the trailing 6-month period	2.77%	17.78%	-15.01%
Volatility (1Y) Calculated over the trailing 1-year period	4.49%	23.60%	-19.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.82%	33.65%	-20.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.57%	35.89%	-23.32%

RINF vs. SSO - Expense Ratio Comparison

RINF has a 0.30% expense ratio, which is lower than SSO's 0.87% expense ratio.

Dividends

RINF vs. SSO - Dividend Comparison

RINF's dividend yield for the trailing twelve months is around 3.70%, more than SSO's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RINF ProShares Inflation Expectations ETF	3.70%	3.89%	4.68%	5.07%	1.15%	2.76%	0.82%	1.90%	2.47%	2.99%	1.09%	1.83%
SSO ProShares Ultra S&P500	0.62%	0.68%	0.85%	0.18%	0.50%	0.18%	0.20%	0.50%	0.75%	0.39%	0.51%	0.63%

Frequently Asked Questions

Can I hold both RINF and SSO in my portfolio?

RINF and SSO have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RINF or SSO?

SSO has higher volatility (5.66%) compared to RINF (1.19%). In terms of maximum drawdown, RINF dropped -43.51% vs SSO's -84.67%.

Which ETF is better, RINF or SSO?

On 10-year performance, SSO leads with 24.21% vs 4.69% for RINF. On fees, RINF is cheaper at 0.30% per year. On volatility, RINF has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RINF or SSO?

Over the 10-year period, SSO has performed better with a 24.21% return vs 4.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RINF or SSO?

RINF is cheaper with a 0.30% expense ratio, compared with 0.87% for SSO.

Which ETF pays a higher dividend yield, RINF or SSO?

RINF has the higher dividend yield at 3.70%, compared with 0.62% for SSO.

What is the main difference between RINF and SSO?

RINF is categorized as Inflation-Protected Bonds, while SSO is Leveraged Equities. RINF tracks FTSE 30-Year TIPS (Treasury Rate-Hedged) Index, while SSO tracks S&P 500. Their fees differ too: 0.30% for RINF and 0.87% for SSO.

Which has better risk-adjusted returns?

SSO currently has the higher Sharpe Ratio (2.25 vs 0.56), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.