SCC vs. SPY
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 -24.95%/yr vs 15.53%/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
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Returns By Period
The year-to-date returns for both stocks are quite close, with SCC having a 8.21% return and SPY slightly lower at 8.15%. Over the past 10 years, SCC has underperformed SPY with an annualized return of -24.95%, while SPY has yielded a comparatively higher 15.53% annualized return.
SCC
- 1D
- 2.43%
- 1M
- 8.97%
- YTD
- 8.21%
- 6M
- 13.36%
- 1Y
- -12.48%
- 3Y*
- -21.64%
- 5Y*
- -14.17%
- 10Y*
- -24.95%
SPY
- 1D
- -1.45%
- 1M
- -1.36%
- YTD
- 8.15%
- 6M
- 7.20%
- 1Y
- 23.59%
- 3Y*
- 20.68%
- 5Y*
- 13.05%
- 10Y*
- 15.53%
SCC vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCC ProShares UltraShort Consumer Services | 8.21% | -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 | 8.15% | 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 -0.77, 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 | -0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007 | -0.77 |
The correlation between SCC and SPY has been stable across timeframes, ranging from -0.85 to -0.77 - a consistent structural relationship.
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Return for Risk
SCC vs. SPY — Risk / Return Rank
SCC
SPY
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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SCC | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.24 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 1.34 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.67 | -3.14 |
| Martin ratioReturn relative to average drawdown | -0.72 | 11.92 | -12.64 |
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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
| SCC | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -55.19% | -44.73% |
Max Drawdown (1Y)Largest decline over 1 year | -26.45% | -8.88% | -17.57% |
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 DrawdownCurrent decline from peak | -99.90% | -3.17% | -96.73% |
Average DrawdownAverage peak-to-trough decline | -85.97% | -9.04% | -76.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.30% | 1.98% | +15.32% |
Volatility
SCC vs. SPY - Volatility Comparison
ProShares UltraShort Consumer Services (SCC) has a higher volatility of 12.97% compared to State Street SPDR S&P 500 ETF (SPY) at 4.87%. 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
| SCC | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.97% | 4.87% | +8.10% |
Volatility (6M)Calculated over the trailing 6-month period | 27.84% | 9.85% | +17.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.09% | 12.50% | +24.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.20% | 17.15% | +27.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.67% | 17.95% | +21.72% |
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 4.35%, more than SPY's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCC ProShares UltraShort Consumer Services | 4.35% | 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 | 1.03% | 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 -0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SCC has higher volatility (12.97%) compared to SPY (4.87%). In terms of maximum drawdown, SCC dropped -99.92% vs SPY's -55.19%.
On 10-year performance, SPY leads with 15.53% vs -24.95% for SCC. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 4.87%. 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 15.53% return vs -24.95%. 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 4.35%, compared with 1.03% 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 (1.90 vs -0.34), 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.
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