SSG vs. BRK-B

Last updated Jun 9, 2026

SSG (Proshares Ultrashort Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (-200%), while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, SSG returned -61.66%/yr vs 13.14%/yr for BRK-B. At a correlation of -0.39, they often move in opposite directions.

Performance

SSG vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Ultrashort Semiconductors (SSG) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSG achieves a -55.95% return, which is significantly lower than BRK-B's -3.11% return. Over the past 10 years, SSG has underperformed BRK-B with an annualized return of -61.66%, while BRK-B has yielded a comparatively higher 13.14% annualized return.

SSG

• 1D: -8.09%
• 1M: -6.87%
• YTD: -55.95%
• 6M: -54.02%
• 1Y: -78.69%
• 3Y*: -73.85%
• 5Y*: -66.35%
• 10Y*: -61.66%

BRK-B

• 1D: -0.23%
• 1M: 2.32%
• YTD: -3.11%
• 6M: -2.06%
• 1Y: -1.32%
• 3Y*: 13.25%
• 5Y*: 11.03%
• 10Y*: 13.14%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSG vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSG Proshares Ultrashort Semiconductors	-55.95%	-70.03%	-77.59%	-78.69%	37.90%	-67.46%	-76.50%	-63.33%	-0.79%	-51.60%
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between SSG and BRK-B is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	-0.00
Correlation (5Y) Calculated over the trailing 5-year period	-0.22
Correlation (10Y) Calculated over the trailing 10-year period	-0.32
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007	-0.39

The correlation between SSG and BRK-B shifts across timeframes, from -0.39 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SSG vs. BRK-B — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSG

SSG Risk / Return Rank: 0
SSG Sharpe Ratio Rank: 0
SSG Sortino Ratio Rank: 0
SSG Omega Ratio Rank: 0
SSG Calmar Ratio Rank: 0
SSG Martin Ratio Rank: 1

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

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.

SSG vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) and Berkshire Hathaway Inc. (BRK-B). 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.

	SSG	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	-1.22	-0.09	-1.13
Sortino ratio: Return per unit of downside risk	-2.79	-0.03	-2.76
Omega ratio: Gain probability vs. loss probability	0.70	1.00	-0.29
Calmar ratio: Return relative to maximum drawdown	-0.97	-0.14	-0.83
Martin ratio: Return relative to average drawdown	-1.56	-0.30	-1.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSG vs. BRK-B - Sharpe Ratio Comparison

The current SSG Sharpe Ratio is -1.22, which is lower than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of SSG and BRK-B, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SSG	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.22	-0.09	-1.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.86	0.65	-1.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.89	0.68	-1.57
Sharpe Ratio (All Time) Calculated using the full available price history	-0.78	0.48	-1.26

Drawdowns

SSG vs. BRK-B - Drawdown Comparison

The maximum SSG drawdown since its inception was -100.00%, which is greater than BRK-B's maximum drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for SSG and BRK-B.

Drawdown Indicators

	SSG	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-53.86%	-46.14%
Max Drawdown (1Y) Largest decline over 1 year	-81.04%	-9.42%	-71.62%
Max Drawdown (3Y) Largest decline over 3 years	-98.49%	-14.95%	-83.54%
Max Drawdown (5Y) Largest decline over 5 years	-99.64%	-26.58%	-73.06%
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	-29.57%	-70.42%
Current Drawdown Current decline from peak	-100.00%	-9.78%	-90.22%
Average Drawdown Average peak-to-trough decline	-88.60%	-11.07%	-77.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.23%	4.49%	+46.74%

Volatility

SSG vs. BRK-B - Volatility Comparison

Proshares Ultrashort Semiconductors (SSG) has a higher volatility of 27.50% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that SSG's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSG	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	27.50%	3.98%	+23.52%
Volatility (6M) Calculated over the trailing 6-month period	51.03%	10.87%	+40.16%
Volatility (1Y) Calculated over the trailing 1-year period	64.75%	14.38%	+50.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.80%	17.13%	+60.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.26%	19.44%	+49.82%

Dividends

SSG vs. BRK-B - Dividend Comparison

SSG's dividend yield for the trailing twelve months is around 11.85%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SSG Proshares Ultrashort Semiconductors	11.85%	9.19%	7.67%	6.73%	0.75%	0.00%	0.34%	1.81%	0.62%

Frequently Asked Questions

Can I hold both SSG and BRK-B in my portfolio?

SSG and BRK-B have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SSG or BRK-B?

SSG has higher volatility (27.50%) compared to BRK-B (3.98%). In terms of maximum drawdown, SSG dropped -100.00% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

BRK-B currently has the higher Sharpe Ratio (-0.09 vs -1.22), 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.