SSG vs. BRK-B
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 -60.97%/yr vs 13.01%/yr for BRK-B. At a correlation of -0.38, they often move in opposite directions.
Performance
SSG vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, SSG achieves a -54.76% return, which is significantly lower than BRK-B's -2.27% return. Over the past 10 years, SSG has underperformed BRK-B with an annualized return of -60.97%, while BRK-B has yielded a comparatively higher 13.01% annualized return.
SSG
- 1D
- -1.23%
- 1M
- 22.52%
- 6M
- -50.10%
- YTD
- -54.76%
- 1Y
- -69.06%
- 3Y*
- -72.05%
- 5Y*
- -65.35%
- 10Y*
- -60.97%
- ALL TIME*
- -48.61%
BRK-B
- 1D
- 0.07%
- 1M
- 0.37%
- 6M
- -0.41%
- YTD
- -2.27%
- 1Y
- 3.68%
- 3Y*
- 12.42%
- 5Y*
- 11.91%
- 10Y*
- 13.01%
- ALL TIME*
- 10.58%
SSG vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSG Proshares Ultrashort Semiconductors | -54.76% | -70.03% | -77.59% | -78.69% | 37.90% | -67.46% | -76.50% | -63.33% | -0.79% | -51.60% |
BRK-B Berkshire Hathaway Inc. | -2.27% | 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 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.31 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007 | -0.38 |
The correlation between SSG and BRK-B shifts across timeframes, from -0.38 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SSG vs. BRK-B — Risk / Return Rank
SSG
BRK-B
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.
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.
| SSG | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.05 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | 0.39 | -1.30 |
| Martin ratioReturn relative to average drawdown | -1.54 | 0.82 | -2.36 |
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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.
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Drawdown Indicators
| SSG | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -53.86% | -46.14% |
Max Drawdown (1Y)Largest decline over 1 year | -76.13% | -9.42% | -66.71% |
Max Drawdown (3Y)Largest decline over 3 years | -98.56% | -14.95% | -83.61% |
Max Drawdown (5Y)Largest decline over 5 years | -99.66% | -26.58% | -73.08% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -29.57% | -70.42% |
Current DrawdownCurrent decline from peak | -100.00% | -8.99% | -91.01% |
Average DrawdownAverage peak-to-trough decline | -88.65% | -11.06% | -77.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.89% | 4.50% | +40.39% |
Volatility
SSG vs. BRK-B - Volatility Comparison
Proshares Ultrashort Semiconductors (SSG) has a higher volatility of 30.08% compared to Berkshire Hathaway Inc. (BRK-B) at 4.42%. 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.
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Volatility by Period
| SSG | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.08% | 4.42% | +25.66% |
Volatility (6M)Calculated over the trailing 6-month period | 59.01% | 11.07% | +47.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 72.46% | 14.57% | +57.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.16% | 17.09% | +62.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.96% | 19.40% | +50.56% |
Dividends
SSG vs. BRK-B - Dividend Comparison
SSG's dividend yield for the trailing twelve months is around 9.01%, 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 | 9.01% | 9.19% | 7.67% | 6.73% | 0.75% | 0.00% | 0.34% | 1.81% | 0.62% |
Frequently Asked Questions
SSG and BRK-B have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSG has higher volatility (30.08%) compared to BRK-B (4.42%). In terms of maximum drawdown, SSG dropped -100.00% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (0.25 vs -0.96), 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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