SRE vs. SSO
SRE (Sempra Energy) is a stock, while SSO (ProShares Ultra S&P500) is Leveraged Equities fund tracking the S&P 500. Over the past 10 years, SRE returned 8.72%/yr vs 24.26%/yr for SSO. At a 0.46 correlation, their price movements are largely independent.
Performance
SRE vs. SSO - Performance Comparison
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Returns By Period
In the year-to-date period, SRE achieves a 5.67% return, which is significantly lower than SSO's 12.95% return. Over the past 10 years, SRE has underperformed SSO with an annualized return of 8.72%, while SSO has yielded a comparatively higher 24.26% annualized return.
SRE
- 1D
- 0.73%
- 1M
- -0.16%
- YTD
- 5.67%
- 6M
- 5.21%
- 1Y
- 25.97%
- 3Y*
- 12.34%
- 5Y*
- 9.86%
- 10Y*
- 8.72%
SSO
- 1D
- -2.86%
- 1M
- -3.30%
- YTD
- 12.95%
- 6M
- 10.86%
- 1Y
- 42.28%
- 3Y*
- 33.83%
- 5Y*
- 17.91%
- 10Y*
- 24.26%
SRE vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SRE Sempra Energy | 5.67% | 3.94% | 21.11% | -0.06% | 20.30% | 7.39% | -12.78% | 44.01% | 4.49% | 9.43% |
SSO ProShares Ultra S&P500 | 12.95% | 26.19% | 43.48% | 46.65% | -38.98% | 60.57% | 21.54% | 63.45% | -14.60% | 44.35% |
Correlation
The correlation between SRE and SSO is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006 | 0.46 |
Over the past year, the correlation between SRE and SSO has dropped to 0.13 - well below their long-term average of 0.46, suggesting their price drivers have been diverging.
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Return for Risk
SRE vs. SSO — Risk / Return Rank
SRE
SSO
SRE vs. SSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Sempra Energy (SRE) 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.
| SRE | SSO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.30 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.06 | 2.34 | -0.28 |
| Martin ratioReturn relative to average drawdown | 5.61 | 9.90 | -4.29 |
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Drawdowns
SRE vs. SSO - Drawdown Comparison
The maximum SRE drawdown since its inception was -45.00%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for SRE and SSO.
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Drawdown Indicators
| SRE | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.00% | -84.67% | +39.67% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -18.17% | +5.52% |
Max Drawdown (3Y)Largest decline over 3 years | -31.62% | -35.21% | +3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -31.62% | -46.73% | +15.11% |
Max Drawdown (10Y)Largest decline over 10 years | -45.00% | -59.34% | +14.34% |
Current DrawdownCurrent decline from peak | -7.12% | -6.70% | -0.42% |
Average DrawdownAverage peak-to-trough decline | -10.12% | -19.53% | +9.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.64% | 4.28% | +0.36% |
Volatility
SRE vs. SSO - Volatility Comparison
The current volatility for Sempra Energy (SRE) is 6.37%, while ProShares Ultra S&P500 (SSO) has a volatility of 9.70%. This indicates that SRE experiences smaller price fluctuations and is considered to be less risky 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
| SRE | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 9.70% | -3.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.47% | 19.65% | -5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 24.92% | -5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.81% | 33.85% | -11.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.90% | 35.93% | -11.03% |
Dividends
SRE vs. SSO - Dividend Comparison
SRE's dividend yield for the trailing twelve months is around 3.20%, more than SSO's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SRE Sempra Energy | 3.20% | 2.92% | 2.83% | 3.18% | 2.96% | 3.33% | 3.28% | 2.55% | 3.31% | 3.08% | 3.37% | 2.98% |
SSO ProShares Ultra S&P500 | 0.65% | 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
SRE and SSO have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSO has higher volatility (9.70%) compared to SRE (6.37%). In terms of maximum drawdown, SRE dropped -45.00% vs SSO's -84.67%.
SSO currently has the higher Sharpe Ratio (1.71 vs 1.33), 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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