SAA vs. NTSD

Last updated Jun 3, 2026

SAA (ProShares Ultra SmallCap600) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. SAA is passively managed, while NTSD is actively managed. A 0.79 correlation means they provide meaningful diversification when combined. SAA charges 0.95%/yr vs 0.35%/yr for NTSD.

Performance

SAA vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra SmallCap600 (SAA) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SAA

• 1D: 1.62%
• 1M: 2.29%
• YTD: 30.42%
• 6M: 31.77%
• 1Y: 66.46%
• 3Y*: 18.34%
• 5Y*: 1.66%
• 10Y*: 11.62%

NTSD

• 1D: 0.35%
• 1M: 6.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SAA vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
SAA ProShares Ultra SmallCap600	26.94%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	19.23%

Correlation

The correlation between SAA and NTSD is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.79

Return for Risk

SAA vs. NTSD — Risk / Return Rank

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

SAA

SAA Risk / Return Rank: 57
SAA Sharpe Ratio Rank: 53
SAA Sortino Ratio Rank: 52
SAA Omega Ratio Rank: 48
SAA Calmar Ratio Rank: 70
SAA Martin Ratio Rank: 62

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.

SAA vs. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra SmallCap600 (SAA) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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.

	SAA	NTSD	Difference
Sharpe ratio Return per unit of total volatility	1.86	—	—
Sortino ratio Return per unit of downside risk	2.54	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	3.54	—	—
Martin ratio Return relative to average drawdown	11.46	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SAA	NTSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	5.75	-5.57

Drawdowns

SAA vs. NTSD - Drawdown Comparison

The maximum SAA drawdown since its inception was -87.39%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for SAA and NTSD.

Drawdown Indicators

	SAA	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-87.39%	-5.20%	-82.19%
Max Drawdown (1Y) Largest decline over 1 year	-18.21%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-50.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-74.54%	—	—
Current Drawdown Current decline from peak	-2.71%	0.00%	-2.71%
Average Drawdown Average peak-to-trough decline	-27.43%	-0.84%	-26.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.63%	—	—

Volatility

Volatility by Period

	SAA	NTSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.86%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	35.90%	24.31%	+11.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.53%	24.31%	+19.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.13%	24.31%	+21.82%

SAA vs. NTSD - Expense Ratio Comparison

SAA has a 0.95% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

SAA vs. NTSD - Dividend Comparison

SAA's dividend yield for the trailing twelve months is around 0.77%, while NTSD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SAA ProShares Ultra SmallCap600	0.77%	1.05%	1.36%	0.88%	0.46%	0.00%	0.03%	0.35%	0.27%	0.00%	0.14%

Frequently Asked Questions

Can I hold both SAA and NTSD in my portfolio?

SAA and NTSD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SAA or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SAA or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 0.95% for SAA.

Which ETF pays a higher dividend yield, SAA or NTSD?

SAA has the higher dividend yield at 0.77%, compared with 0.00% for NTSD.

What is the main difference between SAA and NTSD?

They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.95% for SAA and 0.35% for NTSD.