SSG vs. NVDD
Compare and contrast key facts about Proshares Ultrashort Semiconductors (SSG) and Direxion Daily NVDA Bear 1X Shares (NVDD).
SSG and NVDD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SSG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (-200%). It was launched on Jan 30, 2007. NVDD is an actively managed fund by Direxion. It was launched on Sep 12, 2023.
Performance
SSG vs. NVDD - Performance Comparison
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SSG vs. NVDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SSG Proshares Ultrashort Semiconductors | -5.39% | -70.03% | -77.59% | -28.28% |
NVDD Direxion Daily NVDA Bear 1X Shares | 4.66% | -38.72% | -69.77% | -8.79% |
Returns By Period
In the year-to-date period, SSG achieves a -5.39% return, which is significantly lower than NVDD's 4.66% return.
SSG
- 1D
- -3.97%
- 1M
- 3.53%
- YTD
- -5.39%
- 6M
- -18.48%
- 1Y
- -77.08%
- 3Y*
- -70.14%
- 5Y*
- -61.10%
- 10Y*
- -58.98%
NVDD
- 1D
- -0.89%
- 1M
- 3.31%
- YTD
- 4.66%
- 6M
- 3.70%
- 1Y
- -42.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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SSG vs. NVDD - Expense Ratio Comparison
SSG has a 0.95% expense ratio, which is lower than NVDD's 1.01% expense ratio.
Return for Risk
SSG vs. NVDD — Risk / Return Rank
SSG
NVDD
SSG vs. NVDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) and Direxion Daily NVDA Bear 1X Shares (NVDD). 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 | NVDD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.00 | -1.04 | +0.04 |
Sortino ratioReturn per unit of downside risk | -1.92 | -1.47 | -0.45 |
Omega ratioGain probability vs. loss probability | 0.75 | 0.82 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.76 | -0.15 |
Martin ratioReturn relative to average drawdown | -1.06 | -0.93 | -0.12 |
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 | NVDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | -1.04 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.80 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.86 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | -1.03 | +0.28 |
Correlation
The correlation between SSG and NVDD is 0.92, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SSG vs. NVDD - Dividend Comparison
SSG's dividend yield for the trailing twelve months is around 5.52%, more than NVDD's 3.42% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SSG Proshares Ultrashort Semiconductors | 5.52% | 9.19% | 7.67% | 6.73% | 0.75% | 0.00% | 0.34% | 1.81% | 0.62% |
NVDD Direxion Daily NVDA Bear 1X Shares | 3.42% | 4.19% | 4.83% | 1.31% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSG vs. NVDD - Drawdown Comparison
The maximum SSG drawdown since its inception was -100.00%, which is greater than NVDD's maximum drawdown of -86.33%. Use the drawdown chart below to compare losses from any high point for SSG and NVDD.
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Drawdown Indicators
| SSG | NVDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -86.33% | -13.67% |
Max Drawdown (1Y)Largest decline over 1 year | -85.01% | -57.03% | -27.98% |
Max Drawdown (5Y)Largest decline over 5 years | -99.37% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | — | — |
Current DrawdownCurrent decline from peak | -100.00% | -84.24% | -15.76% |
Average DrawdownAverage peak-to-trough decline | -88.49% | -65.72% | -22.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 73.57% | 46.60% | +26.97% |
Volatility
SSG vs. NVDD - Volatility Comparison
Proshares Ultrashort Semiconductors (SSG) has a higher volatility of 22.10% compared to Direxion Daily NVDA Bear 1X Shares (NVDD) at 10.50%. This indicates that SSG's price experiences larger fluctuations and is considered to be riskier than NVDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSG | NVDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.10% | 10.50% | +11.60% |
Volatility (6M)Calculated over the trailing 6-month period | 49.05% | 25.84% | +23.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.15% | 41.21% | +35.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.00% | 48.01% | +28.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.55% | 48.01% | +20.54% |