SCC vs. SSO
SCC (ProShares UltraShort Consumer Services) and SSO (ProShares Ultra S&P500) are both Leveraged Equities funds from ProShares - SCC tracks the DJ Global United States (All) / Consumer Services -IND (-200%) while SSO tracks the S&P 500. Both are passively managed. Over the past 10 years, SCC returned -24.58%/yr vs 23.19%/yr for SSO. Their -0.77 correlation means they have often moved in opposite directions in the past. SCC charges 0.95%/yr vs 0.87%/yr for SSO.
Performance
SCC vs. SSO - 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 SSO's 16.14% return. Over the past 10 years, SCC has underperformed SSO with an annualized return of -24.58%, while SSO has yielded a comparatively higher 23.19% 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%
SSO
- 1D
- 1.35%
- 1M
- -0.01%
- 6M
- 13.46%
- YTD
- 16.14%
- 1Y
- 37.35%
- 3Y*
- 30.77%
- 5Y*
- 17.16%
- 10Y*
- 23.19%
- ALL TIME*
- 15.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $353.66K | $227.58K | $240.11K | |
| $177.82M | $191.16M | $223.05M |
SCC vs. SSO - 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% |
SSO ProShares Ultra S&P500 | 16.14% | 26.19% | 43.48% | 46.65% | -38.98% | 60.57% | 21.54% | 63.45% | -14.60% | 44.35% |
Correlation
The correlation between SCC and SSO 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. | -0.85 |
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 SSO has been stable across timeframes, ranging from -0.85 to -0.76 - a consistent structural relationship.
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Return for Risk
SCC vs. SSO — Risk / Return Rank
SCC
SSO
SCC vs. SSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Services (SCC) and ProShares Ultra S&P500 (SSO). 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 | SSO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.57 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.23 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.43 | 1.81 | -2.24 |
| Martin ratioReturn relative to average drawdown | -0.65 | 7.25 | -7.91 |
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Drawdowns
SCC vs. SSO - Drawdown Comparison
The maximum SCC drawdown since its inception was -99.92%, which is greater than SSO's maximum drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for SCC and SSO.
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Drawdown Indicators
| SCC | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -84.67% | -15.25% |
Max Drawdown (1Y)Largest decline over 1 year | -25.54% | -18.17% | -7.37% |
Max Drawdown (3Y)Largest decline over 3 years | -67.10% | -35.21% | -31.89% |
Max Drawdown (5Y)Largest decline over 5 years | -77.34% | -46.73% | -30.61% |
Max Drawdown (10Y)Largest decline over 10 years | -95.14% | -59.34% | -35.80% |
Current DrawdownCurrent decline from peak | -99.90% | -4.07% | -95.83% |
Average DrawdownAverage peak-to-trough decline | -86.05% | -19.45% | -66.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.80% | 4.54% | +12.26% |
Volatility
SCC vs. SSO - Volatility Comparison
ProShares UltraShort Consumer Services (SCC) has a higher volatility of 13.88% compared to ProShares Ultra S&P500 (SSO) at 7.07%. This indicates that SCC's price experiences larger fluctuations and is considered to be riskier than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SCC | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.88% | 7.07% | +6.81% |
Volatility (6M)Calculated over the trailing 6-month period | 30.01% | 20.14% | +9.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.04% | 25.63% | +13.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.54% | 33.88% | +10.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.67% | 35.91% | +3.76% |
SCC vs. SSO - Expense Ratio Comparison
SCC has a 0.95% expense ratio, which is higher than SSO's 0.87% expense ratio.
Dividends
SCC vs. SSO - Dividend Comparison
SCC's dividend yield for the trailing twelve months is around 3.46%, more than SSO's 0.67% 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% |
SSO ProShares Ultra S&P500 | 0.67% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
Frequently Asked Questions
SCC and SSO 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 SSO (7.07%). In terms of maximum drawdown, SCC dropped -99.92% vs SSO's -84.67%.
On 10-year performance, SSO leads with 23.19% vs -24.58% for SCC. On fees, SSO is cheaper at 0.87% per year. On volatility, SSO has been the lower-risk option at 7.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SSO has performed better with a 23.19% return vs -24.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SSO is cheaper with a 0.87% expense ratio, compared with 0.95% for SCC.
SCC has the higher dividend yield at 3.46%, compared with 0.67% for SSO.
SCC tracks DJ Global United States (All) / Consumer Services -IND (-200%), while SSO tracks S&P 500. Their fees differ too: 0.95% for SCC and 0.87% for SSO.
SSO currently has the higher Sharpe Ratio (1.29 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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