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SCC vs. SPY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SCC vs. SPY

Last updated Jun 4, 2026

SCC (ProShares UltraShort Consumer Services) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - SCC is a Leveraged Equities fund tracking the DJ Global United States (All) / Consumer Services -IND (-200%), while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, SCC returned -25.08%/yr vs 15.49%/yr for SPY. At a correlation of -0.77, they often move in opposite directions. SCC charges 0.95%/yr vs 0.09%/yr for SPY.

Performance

SCC vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares UltraShort Consumer Services (SCC) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SCC achieves a 3.99% return, which is significantly lower than SPY's 10.91% return. Over the past 10 years, SCC has underperformed SPY with an annualized return of -25.08%, while SPY has yielded a comparatively higher 15.49% annualized return.

SCC

1D
1.71%
1M
1.88%
YTD
3.99%
6M
4.09%
1Y
-15.43%
3Y*
-25.44%
5Y*
-15.79%
10Y*
-25.08%

SPY

1D
-0.70%
1M
5.05%
YTD
10.91%
6M
10.91%
1Y
27.98%
3Y*
22.35%
5Y*
13.83%
10Y*
15.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SCC vs. SPY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SCC
ProShares UltraShort Consumer Services		3.99%-18.97%-36.01%-44.34%64.09%-25.84%-54.75%-38.94%-8.53%-31.58%
SPY
State Street SPDR S&P 500 ETF		10.91%17.72%24.89%26.18%-18.18%28.73%18.33%31.22%-4.57%21.71%

Correlation

The correlation between SCC and SPY is -0.76, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.76

Correlation (3Y)
Calculated over the trailing 3-year period

-0.81

Correlation (5Y)
Calculated over the trailing 5-year period

-0.85

Correlation (10Y)
Calculated over the trailing 10-year period

-0.76

Correlation (All Time)
Calculated using the full available price history since Feb 5, 2007

-0.77

The correlation between SCC and SPY has been stable across timeframes, ranging from -0.85 to -0.76 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

ProShares UltraShort Consumer Services

State Street SPDR S&P 500 ETF

Often compared with SCC:
SCC vs. SPXLSCC vs. TQQQSCC vs. SPUUSCC vs. GUSHSCC vs. BITOSCC vs. XTAPSCC vs. SQQQ
Often compared with SPY:
SPY vs. QQQSPY vs. VOOSPY vs. BRK-BSPY vs. RSPSPY vs. VTISPY vs. SCHDSPY vs. GLD

Return for Risk

SCC vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SCC
SCC Risk / Return Rank: 55
Overall Rank
SCC Sharpe Ratio Rank: 55
Sharpe Ratio Rank
SCC Sortino Ratio Rank: 55
Sortino Ratio Rank
SCC Omega Ratio Rank: 55
Omega Ratio Rank
SCC Calmar Ratio Rank: 44
Calmar Ratio Rank
SCC Martin Ratio Rank: 55
Martin Ratio Rank
SPY
SPY Risk / Return Rank: 7070
Overall Rank
SPY Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
SPY Sortino Ratio Rank: 6969
Sortino Ratio Rank
SPY Omega Ratio Rank: 7070
Omega Ratio Rank
SPY Calmar Ratio Rank: 6262
Calmar Ratio Rank
SPY Martin Ratio Rank: 7575
Martin Ratio Rank
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.

SCC vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Services (SCC) and State Street SPDR S&P 500 ETF (SPY). 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.

SCCSPYDifference
Sharpe ratioReturn per unit of total volatility
-0.43
2.38

-2.80

Sortino ratioReturn per unit of downside risk
-0.39
3.24

-3.63

Omega ratioGain probability vs. loss probability

0.96

1.43

-0.48

Calmar ratioReturn relative to maximum drawdown

-0.53

3.16

-3.70

Martin ratioReturn relative to average drawdown

-0.80

14.72

-15.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SCC vs. SPY - Sharpe Ratio Comparison

The current SCC Sharpe Ratio is -0.43, which is lower than the SPY Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of SCC and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SCCSPYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.43

2.38

-2.80

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.36

0.82

-1.18

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.64

0.87

-1.50

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.64

0.59

-1.23

Drawdowns

SCC vs. SPY - Drawdown Comparison

The maximum SCC drawdown since its inception was -99.92%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for SCC and SPY.

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Drawdown Indicators

SCCSPYDifference

Max Drawdown

Largest peak-to-trough decline

-99.92%

-55.19%

-44.73%

Max Drawdown (1Y)

Largest decline over 1 year

-29.02%

-8.88%

-20.14%

Max Drawdown (3Y)

Largest decline over 3 years

-67.10%

-18.76%

-48.34%

Max Drawdown (5Y)

Largest decline over 5 years

-77.34%

-24.50%

-52.84%

Max Drawdown (10Y)

Largest decline over 10 years

-95.55%

-33.72%

-61.83%

Current Drawdown

Current decline from peak

-99.90%

-0.70%

-99.20%

Average Drawdown

Average peak-to-trough decline

-85.95%

-9.05%

-76.90%

Ulcer Index

Depth and duration of drawdowns from previous peaks

19.21%

1.91%

+17.30%

Volatility

SCC vs. SPY - Volatility Comparison

ProShares UltraShort Consumer Services (SCC) has a higher volatility of 10.71% compared to State Street SPDR S&P 500 ETF (SPY) at 2.84%. This indicates that SCC's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SCCSPYDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.71%

2.84%

+7.87%

Volatility (6M)

Calculated over the trailing 6-month period

26.41%

8.90%

+17.51%

Volatility (1Y)

Calculated over the trailing 1-year period

36.34%

11.83%

+24.51%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.94%

17.05%

+26.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

39.52%

17.94%

+21.58%

SCC vs. SPY - Expense Ratio Comparison

SCC has a 0.95% expense ratio, which is higher than SPY's 0.09% expense ratio.

Dividends

SCC vs. SPY - Dividend Comparison

SCC's dividend yield for the trailing twelve months is around 4.53%, more than SPY's 0.98% yield.

PositionTTM20252024202320222021202020192018201720162015
SCC
ProShares UltraShort Consumer Services		4.53%4.87%7.46%4.53%0.53%0.00%0.06%2.67%0.86%0.00%0.00%0.00%
SPY
State Street SPDR S&P 500 ETF		0.98%1.07%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%

Frequently Asked Questions

SCC and SPY have a correlation of -0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SCC has higher volatility (10.71%) compared to SPY (2.84%). In terms of maximum drawdown, SCC dropped -99.92% vs SPY's -55.19%.

On 10-year performance, SPY leads with 15.49% vs -25.08% for SCC. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 2.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPY has performed better with a 15.49% return vs -25.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPY is cheaper with a 0.09% expense ratio, compared with 0.95% for SCC.

SCC has the higher dividend yield at 4.53%, compared with 0.98% for SPY.

SCC is categorized as Leveraged Equities, while SPY is S&P 500. SCC tracks DJ Global United States (All) / Consumer Services -IND (-200%), while SPY tracks S&P 500 Index. They also come from different issuers: ProShares and State Street. Their fees differ too: 0.95% for SCC and 0.09% for SPY.

SPY currently has the higher Sharpe Ratio (2.38 vs -0.43), 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.

Portfolio Optimizer

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