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 -24.58%/yr vs 15.07%/yr for SPY. Their -0.77 correlation means they have often moved in opposite directions in the past. SCC charges 0.95%/yr vs 0.09%/yr for SPY.
Performance
SCC vs. SPY - Performance Comparison
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Returns By Period
In the year-to-date period, SCC achieves a 3.71% return, which is significantly lower than SPY's 10.13% return. Over the past 10 years, SCC has underperformed SPY with an annualized return of -24.58%, while SPY has yielded a comparatively higher 15.07% annualized return.
SCC
- 1D
- -6.23%
- 1M
- 1.57%
- 6M
- 6.70%
- YTD
- 3.71%
- 1Y
- -15.16%
- 3Y*
- -20.88%
- 5Y*
- -14.68%
- 10Y*
- -24.58%
- ALL TIME*
- -25.78%
SPY
- 1D
- 0.72%
- 1M
- 0.30%
- 6M
- 8.53%
- YTD
- 10.13%
- 1Y
- 21.49%
- 3Y*
- 19.32%
- 5Y*
- 12.76%
- 10Y*
- 15.07%
- ALL TIME*
- 10.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $353.66K | $227.58K | $240.11K | |
| $37.27B | $35.99B | $39.23B |
SCC vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SCC ProShares UltraShort Consumer Services | 3.71% | -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 | 10.13% | 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 have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.76 |
Correlation (3Y) Balances recent behavior with more history. | -0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.84 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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 -0.84 to -0.76 - 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 | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.27 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 2.20 | -2.64 |
| Martin ratioReturn relative to average drawdown | -0.65 | 9.40 | -10.05 |
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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 | -25.54% | -8.88% | -16.66% |
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 | -95.14% | -33.72% | -61.42% |
Current DrawdownCurrent decline from peak | -99.90% | -1.40% | -98.50% |
Average DrawdownAverage peak-to-trough decline | -86.05% | -9.01% | -77.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.80% | 2.08% | +14.72% |
Volatility
SCC vs. SPY - Volatility Comparison
ProShares UltraShort Consumer Services (SCC) has a higher volatility of 13.88% compared to State Street SPDR S&P 500 ETF (SPY) at 3.58%. 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 | 13.88% | 3.58% | +10.30% |
Volatility (6M)Calculated over the trailing 6-month period | 30.01% | 10.14% | +19.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.04% | 12.89% | +26.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.54% | 17.18% | +27.36% |
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 3.46%, more than SPY's 1.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCC ProShares UltraShort Consumer Services | 3.46% | 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 | 1.01% | 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 (13.88%) compared to SPY (3.58%). In terms of maximum drawdown, SCC dropped -99.92% vs SPY's -55.19%.
On 10-year performance, SPY leads with 15.07% vs -24.58% for SCC. On fees, SPY is cheaper at 0.09% per year. On volatility, SPY has been the lower-risk option at 3.58%. 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 15.07% return vs -24.58%. 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 3.46%, compared with 1.01% 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 (1.52 vs -0.28), 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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