SSG vs. BTC-USD
SSG (Proshares Ultrashort Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (-200%), while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, SSG returned -61.66%/yr vs 59.68%/yr for BTC-USD. At a correlation of -0.12, they often move in opposite directions.
Performance
SSG vs. BTC-USD - Performance Comparison
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Returns By Period
In the year-to-date period, SSG achieves a -55.95% return, which is significantly lower than BTC-USD's -28.54% return. Over the past 10 years, SSG has underperformed BTC-USD with an annualized return of -61.66%, while BTC-USD has yielded a comparatively higher 59.68% 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%
BTC-USD
- 1D
- -1.22%
- 1M
- -22.47%
- YTD
- -28.54%
- 6M
- -31.02%
- 1Y
- -40.89%
- 3Y*
- 33.16%
- 5Y*
- 10.82%
- 10Y*
- 59.68%
SSG vs. BTC-USD - 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% |
BTC-USD Bitcoin | -28.54% | -6.27% | 120.76% | 155.82% | -64.23% | 59.40% | 304.57% | 94.10% | -73.37% | 1,324.24% |
Correlation
The correlation between SSG and BTC-USD is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | -0.12 |
The correlation between SSG and BTC-USD shifts across timeframes, from -0.28 (5 years) to -0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SSG vs. BTC-USD — Risk / Return Rank
SSG
BTC-USD
SSG vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 0.70 | 0.86 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | -0.80 | -0.17 |
| Martin ratioReturn relative to average drawdown | -1.56 | -1.42 | -0.14 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SSG | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.22 | -0.95 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.86 | 0.20 | -1.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.89 | 0.87 | -1.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.78 | 1.13 | -1.91 |
Drawdowns
SSG vs. BTC-USD - Drawdown Comparison
The maximum SSG drawdown since its inception was -100.00%, which is greater than BTC-USD's maximum drawdown of -85.30%. Use the drawdown chart below to compare losses from any high point for SSG and BTC-USD.
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Drawdown Indicators
| SSG | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -85.30% | -14.70% |
Max Drawdown (1Y)Largest decline over 1 year | -81.04% | -51.21% | -29.83% |
Max Drawdown (3Y)Largest decline over 3 years | -98.49% | -51.21% | -47.28% |
Max Drawdown (5Y)Largest decline over 5 years | -99.64% | -76.67% | -22.97% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -83.80% | -16.19% |
Current DrawdownCurrent decline from peak | -100.00% | -49.86% | -50.14% |
Average DrawdownAverage peak-to-trough decline | -88.60% | -42.32% | -46.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.23% | 34.46% | +16.77% |
Volatility
SSG vs. BTC-USD - Volatility Comparison
Proshares Ultrashort Semiconductors (SSG) has a higher volatility of 27.50% compared to Bitcoin (BTC-USD) at 11.59%. This indicates that SSG's price experiences larger fluctuations and is considered to be riskier than BTC-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSG | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.50% | 11.59% | +15.91% |
Volatility (6M)Calculated over the trailing 6-month period | 51.03% | 34.53% | +16.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.75% | 35.67% | +29.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.80% | 44.95% | +32.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.26% | 56.71% | +12.55% |
Frequently Asked Questions
SSG and BTC-USD have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSG has higher volatility (27.50%) compared to BTC-USD (11.59%). In terms of maximum drawdown, SSG dropped -100.00% vs BTC-USD's -85.30%.
BTC-USD currently has the higher Sharpe Ratio (-0.95 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.
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