SAA vs. URTY
Compare and contrast key facts about ProShares Ultra SmallCap600 (SAA) and ProShares UltraPro Russell2000 (URTY).
SAA and URTY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SAA is a passively managed fund by ProShares that tracks the performance of the S&P SmallCap 600 Index (200%). It was launched on Jan 25, 2007. URTY is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Index (300%). It was launched on Feb 9, 2010. Both SAA and URTY 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: SAA or URTY.
Key characteristics
| SAA | URTY | |
|---|---|---|
| YTD Return | 20.01% | 32.24% |
| 1Y Return | 50.44% | 84.15% |
| 3Y Return (Ann) | -5.09% | -21.60% |
| 5Y Return (Ann) | 8.51% | -3.81% |
| 10Y Return (Ann) | 11.79% | 3.63% |
| Sharpe Ratio | 1.57 | 1.77 |
| Sortino Ratio | 2.30 | 2.38 |
| Omega Ratio | 1.27 | 1.29 |
| Calmar Ratio | 1.47 | 1.51 |
| Martin Ratio | 7.69 | 8.92 |
| Ulcer Index | 8.69% | 12.82% |
| Daily Std Dev | 42.61% | 64.63% |
| Max Drawdown | -87.40% | -88.09% |
| Current Drawdown | -15.47% | -53.60% |
Correlation
The correlation between SAA and URTY is 0.90, 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
SAA vs. URTY - Performance Comparison
In the year-to-date period, SAA achieves a 20.01% return, which is significantly lower than URTY's 32.24% return. Over the past 10 years, SAA has outperformed URTY with an annualized return of 11.79%, while URTY has yielded a comparatively lower 3.63% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SAA vs. URTY - Expense Ratio Comparison
Both SAA and URTY have an expense ratio of 0.95%.
Risk-Adjusted Performance
SAA vs. URTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra SmallCap600 (SAA) and ProShares UltraPro Russell2000 (URTY). 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.
Dividends
SAA vs. URTY - Dividend Comparison
SAA's dividend yield for the trailing twelve months is around 1.09%, more than URTY's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
SAA ProShares Ultra SmallCap600 | 1.09% | 0.87% | 0.46% | 0.00% | 0.03% | 0.35% | 0.27% | 0.00% | 0.41% |
URTY ProShares UltraPro Russell2000 | 0.67% | 0.55% | 0.28% | 0.00% | 0.00% | 0.18% | 0.27% | 0.00% | 0.03% |
Drawdowns
SAA vs. URTY - Drawdown Comparison
The maximum SAA drawdown since its inception was -87.40%, roughly equal to the maximum URTY drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for SAA and URTY. For additional features, visit the drawdowns tool.
Volatility
SAA vs. URTY - Volatility Comparison
The current volatility for ProShares Ultra SmallCap600 (SAA) is 15.10%, while ProShares UltraPro Russell2000 (URTY) has a volatility of 21.87%. This indicates that SAA experiences smaller price fluctuations and is considered to be less risky than URTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.