RXL vs. SSO
Compare and contrast key facts about ProShares Ultra Health Care (RXL) and ProShares Ultra S&P 500 (SSO).
RXL and SSO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RXL is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Health Care Index (200%). It was launched on Jan 30, 2007. 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. Both RXL and SSO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RXL or SSO.
Correlation
The correlation between RXL and SSO is 0.75, 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.
Performance
RXL vs. SSO - Performance Comparison
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Key characteristics
RXL:
-0.61
SSO:
0.24
RXL:
-0.64
SSO:
0.64
RXL:
0.92
SSO:
1.09
RXL:
-0.57
SSO:
0.29
RXL:
-1.25
SSO:
1.03
RXL:
14.00%
SSO:
9.99%
RXL:
30.08%
SSO:
38.38%
RXL:
-66.81%
SSO:
-84.67%
RXL:
-31.00%
SSO:
-17.93%
Returns By Period
In the year-to-date period, RXL achieves a -9.30% return, which is significantly higher than SSO's -11.10% return. Over the past 10 years, RXL has underperformed SSO with an annualized return of 8.72%, while SSO has yielded a comparatively higher 17.68% annualized return.
RXL
-9.30%
-6.73%
-24.22%
-18.74%
7.04%
8.72%
SSO
-11.10%
10.92%
-15.07%
8.77%
25.50%
17.68%
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RXL vs. SSO - Expense Ratio Comparison
RXL has a 0.95% expense ratio, which is higher than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
RXL vs. SSO — Risk-Adjusted Performance Rank
RXL
SSO
RXL vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Health Care (RXL) 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.
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Dividends
RXL vs. SSO - Dividend Comparison
RXL's dividend yield for the trailing twelve months is around 1.46%, more than SSO's 0.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RXL ProShares Ultra Health Care | 1.46% | 1.21% | 0.18% | 0.32% | 0.10% | 0.15% | 0.27% | 0.32% | 0.11% | 0.12% | 0.93% | 0.20% |
SSO ProShares Ultra S&P 500 | 0.95% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% |
Drawdowns
RXL vs. SSO - Drawdown Comparison
The maximum RXL drawdown since its inception was -66.81%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for RXL and SSO. For additional features, visit the drawdowns tool.
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Volatility
RXL vs. SSO - Volatility Comparison
ProShares Ultra Health Care (RXL) and ProShares Ultra S&P 500 (SSO) have volatilities of 13.73% and 13.79%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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