SSG vs. MU

Last updated Jun 4, 2026

SSG (Proshares Ultrashort Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (-200%), while MU (Micron Technology, Inc.) is a stock. Over the past 10 years, SSG returned -62.12%/yr vs 56.13%/yr for MU. At a correlation of -0.69, they often move in opposite directions.

Performance

SSG vs. MU - Performance Comparison

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

Returns By Period

In the year-to-date period, SSG achieves a -60.94% return, which is significantly lower than MU's 278.41% return. Over the past 10 years, SSG has underperformed MU with an annualized return of -62.12%, while MU has yielded a comparatively higher 56.13% annualized return.

SSG

• 1D: 1.36%
• 1M: -33.91%
• YTD: -60.94%
• 6M: -61.42%
• 1Y: -81.06%
• 3Y*: -74.84%
• 5Y*: -66.94%
• 10Y*: -62.12%

MU

• 1D: 1.45%
• 1M: 87.28%
• YTD: 278.41%
• 6M: 361.42%
• 1Y: 958.34%
• 3Y*: 150.98%
• 5Y*: 67.58%
• 10Y*: 56.13%

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

SSG vs. MU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSG Proshares Ultrashort Semiconductors	-60.94%	-70.03%	-77.59%	-78.69%	37.90%	-67.46%	-76.50%	-63.33%	-0.79%	-51.60%
MU Micron Technology, Inc.	278.41%	240.24%	-0.96%	71.93%	-45.93%	24.21%	39.79%	69.49%	-22.84%	87.59%

Correlation

The correlation between SSG and MU is -0.60, 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	-0.60
Correlation (3Y) Calculated over the trailing 3-year period	-0.67
Correlation (5Y) Calculated over the trailing 5-year period	-0.71
Correlation (10Y) Calculated over the trailing 10-year period	-0.72
Correlation (All Time) Calculated using the full available price history since Feb 2, 2007	-0.69

The correlation between SSG and MU shifts across timeframes, from -0.72 (10 years) to -0.60 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

SSG vs. MU — 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

MU

MU Risk / Return Rank: 99
MU Sharpe Ratio Rank: 100
MU Sortino Ratio Rank: 99
MU Omega Ratio Rank: 99
MU Calmar Ratio Rank: 100
MU Martin Ratio Rank: 100

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. MU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) and Micron Technology, Inc. (MU). 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	MU	Difference
Sharpe ratio: Return per unit of total volatility	-1.32	14.69	-16.01
Sortino ratio: Return per unit of downside risk	-3.11	7.32	-10.43
Omega ratio: Gain probability vs. loss probability	0.67	1.94	-1.27
Calmar ratio: Return relative to maximum drawdown	-1.00	31.98	-32.98
Martin ratio: Return relative to average drawdown	-1.60	126.47	-128.07
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. MU - Sharpe Ratio Comparison

The current SSG Sharpe Ratio is -1.32, which is lower than the MU Sharpe Ratio of 14.69. The chart below compares the historical Sharpe Ratios of SSG and MU, 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	MU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.32	14.69	-16.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.87	1.30	-2.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.90	1.13	-2.04
Sharpe Ratio (All Time) Calculated using the full available price history	-0.79	0.31	-1.10

Drawdowns

SSG vs. MU - Drawdown Comparison

The maximum SSG drawdown since its inception was -100.00%, roughly equal to the maximum MU drawdown of -98.25%. Use the drawdown chart below to compare losses from any high point for SSG and MU.

Drawdown Indicators

	SSG	MU	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-98.25%	-1.75%
Max Drawdown (1Y) Largest decline over 1 year	-81.36%	-30.28%	-51.08%
Max Drawdown (3Y) Largest decline over 3 years	-98.49%	-57.63%	-40.86%
Max Drawdown (5Y) Largest decline over 5 years	-99.64%	-57.63%	-42.01%
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	-57.63%	-42.36%
Current Drawdown Current decline from peak	-100.00%	0.00%	-100.00%
Average Drawdown Average peak-to-trough decline	-88.59%	-58.20%	-30.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	50.50%	7.64%	+42.86%

Volatility

SSG vs. MU - Volatility Comparison

The current volatility for Proshares Ultrashort Semiconductors (SSG) is 21.44%, while Micron Technology, Inc. (MU) has a volatility of 28.51%. This indicates that SSG experiences smaller price fluctuations and is considered to be less risky than MU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSG	MU	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.44%	28.51%	-7.07%
Volatility (6M) Calculated over the trailing 6-month period	47.41%	53.48%	-6.07%
Volatility (1Y) Calculated over the trailing 1-year period	61.80%	66.00%	-4.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	77.33%	52.31%	+25.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.97%	49.66%	+19.31%

Dividends

SSG vs. MU - Dividend Comparison

SSG's dividend yield for the trailing twelve months is around 13.36%, more than MU's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
MU Micron Technology, Inc.	0.05%	0.16%	0.55%	0.54%	0.89%	0.21%	0.00%	0.00%	0.00%
SSG Proshares Ultrashort Semiconductors	13.36%	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 MU in my portfolio?

SSG and MU have a correlation of -0.60, 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 MU?

MU has higher volatility (28.51%) compared to SSG (21.44%). In terms of maximum drawdown, SSG dropped -100.00% vs MU's -98.25%.

Which has better risk-adjusted returns?

MU currently has the higher Sharpe Ratio (14.69 vs -1.32), 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.