RUB=X vs. SSO

Last updated Apr 2, 2026

Compare and contrast key facts about USD/RUB (RUB=X) and ProShares Ultra S&P500 (SSO).

SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500. It was launched on Jun 19, 2006.

Performance

RUB=X vs. SSO - Performance Comparison

The chart below illustrates the hypothetical performance of a RUB 10,000 investment in USD/RUB (RUB=X) and ProShares Ultra S&P500 (SSO). The values are adjusted to include any dividend payments, if applicable.

RUB=X vs. SSO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RUB=X USD/RUB	1.52%	-27.92%	22.80%	23.24%	-3.42%	1.46%	19.26%	-10.38%	20.06%	-6.34%
SSO ProShares Ultra S&P500	-7.51%	-9.05%	76.20%	80.74%	-41.07%	62.91%	44.95%	46.47%	2.53%	35.20%

Different Trading Currencies

RUB=X is traded in RUB, while SSO is traded in USD. To make them comparable, the SSO values have been converted to RUB using the latest available exchange rates.

Returns By Period

In the year-to-date period, RUB=X achieves a 1.52% return, which is significantly higher than SSO's -7.51% return. Over the past 10 years, RUB=X has underperformed SSO with an annualized return of 1.77%, while SSO has yielded a comparatively higher 23.38% annualized return.

RUB=X

• 1D: -1.24%
• 1M: 3.64%
• YTD: 1.52%
• 6M: -2.66%
• 1Y: -4.97%
• 3Y*: 0.98%
• 5Y*: 0.96%
• 10Y*: 1.77%

SSO

• 1D: 0.22%
• 1M: -5.76%
• YTD: -7.51%
• 6M: -8.85%
• 1Y: 21.07%
• 3Y*: 30.17%
• 5Y*: 16.91%
• 10Y*: 23.38%

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

Return for Risk

RUB=X vs. SSO — Risk / Return Rank

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

RUB=X

RUB=X Risk / Return Rank: 46
RUB=X Sharpe Ratio Rank: 42
RUB=X Sortino Ratio Rank: 42
RUB=X Omega Ratio Rank: 43
RUB=X Calmar Ratio Rank: 51
RUB=X Martin Ratio Rank: 51

SSO

SSO Risk / Return Rank: 45
SSO Sharpe Ratio Rank: 38
SSO Sortino Ratio Rank: 44
SSO Omega Ratio Rank: 48
SSO Calmar Ratio Rank: 45
SSO Martin Ratio Rank: 51

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.

RUB=X vs. SSO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for USD/RUB (RUB=X) 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.

	RUB=X	SSO	Difference
Sharpe ratio Return per unit of total volatility	-0.25	0.52	-0.77
Sortino ratio Return per unit of downside risk	-0.23	0.98	-1.21
Omega ratio Gain probability vs. loss probability	0.97	1.14	-0.17
Calmar ratio Return relative to maximum drawdown	0.09	1.11	-1.01
Martin ratio Return relative to average drawdown	0.18	3.94	-3.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RUB=X vs. SSO - Sharpe Ratio Comparison

The current RUB=X Sharpe Ratio is -0.25, which is lower than the SSO Sharpe Ratio of 0.52. The chart below compares the historical Sharpe Ratios of RUB=X and SSO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RUB=X	SSO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.25	0.52	-0.77
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.38	-0.35
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.07	0.59	-0.52
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.51	-0.22

Correlation

The correlation between RUB=X and SSO is 0.20, 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.

Drawdowns

RUB=X vs. SSO - Drawdown Comparison

The maximum RUB=X drawdown since its inception was -62.40%, smaller than the maximum SSO drawdown of -78.61%. Use the drawdown chart below to compare losses from any high point for RUB=X and SSO.

Drawdown Indicators

	RUB=X	SSO	Difference
Max Drawdown Largest peak-to-trough decline	-62.40%	-84.67%	+22.27%
Max Drawdown (1Y) Largest decline over 1 year	-14.07%	-23.17%	+9.10%
Max Drawdown (5Y) Largest decline over 5 years	-62.40%	-46.73%	-15.67%
Max Drawdown (10Y) Largest decline over 10 years	-62.40%	-59.34%	-3.06%
Current Drawdown Current decline from peak	-41.92%	-12.18%	-29.74%
Average Drawdown Average peak-to-trough decline	-20.04%	-19.72%	-0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.50%	5.44%	+0.06%

Volatility

RUB=X vs. SSO - Volatility Comparison

The current volatility for USD/RUB (RUB=X) is 6.71%, while ProShares Ultra S&P500 (SSO) has a volatility of 12.26%. This indicates that RUB=X 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

	RUB=X	SSO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	12.26%	-5.55%
Volatility (6M) Calculated over the trailing 6-month period	10.86%	20.74%	-9.88%
Volatility (1Y) Calculated over the trailing 1-year period	16.47%	40.59%	-24.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.51%	44.26%	-14.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.36%	39.69%	-16.33%