SSG vs. REW
Compare and contrast key facts about Proshares Ultrashort Semiconductors (SSG) and ProShares UltraShort Technology (REW).
SSG and REW 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. REW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Technology Index (-200%). It was launched on Jan 30, 2007. Both SSG and REW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SSG vs. REW - Performance Comparison
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SSG vs. REW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSG Proshares Ultrashort Semiconductors | -5.39% | -70.03% | -77.59% | -78.69% | 37.90% | -67.46% | -76.50% | -63.33% | -0.79% | -51.60% |
REW ProShares UltraShort Technology | 10.53% | -43.15% | -33.70% | -61.35% | 65.72% | -53.61% | -71.34% | -56.83% | -10.02% | -49.11% |
Returns By Period
In the year-to-date period, SSG achieves a -5.39% return, which is significantly lower than REW's 10.53% return. Over the past 10 years, SSG has underperformed REW with an annualized return of -58.98%, while REW has yielded a comparatively higher -40.72% annualized 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%
REW
- 1D
- -3.28%
- 1M
- 5.09%
- YTD
- 10.53%
- 6M
- 6.66%
- 1Y
- -48.43%
- 3Y*
- -36.26%
- 5Y*
- -31.94%
- 10Y*
- -40.72%
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SSG vs. REW - Expense Ratio Comparison
Both SSG and REW have an expense ratio of 0.95%.
Return for Risk
SSG vs. REW — Risk / Return Rank
SSG
REW
SSG vs. REW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) and ProShares UltraShort Technology (REW). 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 | REW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.00 | -0.90 | -0.10 |
Sortino ratioReturn per unit of downside risk | -1.92 | -1.26 | -0.66 |
Omega ratioGain probability vs. loss probability | 0.75 | 0.83 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.73 | -0.19 |
Martin ratioReturn relative to average drawdown | -1.06 | -0.86 | -0.19 |
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 | REW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | -0.90 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.80 | -0.63 | -0.17 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.86 | -0.84 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.75 | -0.74 | -0.01 |
Correlation
The correlation between SSG and REW is 0.83, 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. REW - Dividend Comparison
SSG's dividend yield for the trailing twelve months is around 5.52%, more than REW's 5.15% 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% |
REW ProShares UltraShort Technology | 5.15% | 6.69% | 5.68% | 5.97% | 0.65% | 0.00% | 0.27% | 1.80% | 0.51% |
Drawdowns
SSG vs. REW - Drawdown Comparison
The maximum SSG drawdown since its inception was -100.00%, roughly equal to the maximum REW drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for SSG and REW.
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Drawdown Indicators
| SSG | REW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -99.99% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -85.01% | -67.44% | -17.57% |
Max Drawdown (5Y)Largest decline over 5 years | -99.37% | -88.56% | -10.81% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -99.62% | -0.37% |
Current DrawdownCurrent decline from peak | -100.00% | -99.99% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -88.49% | -86.76% | -1.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 73.57% | 56.64% | +16.93% |
Volatility
SSG vs. REW - Volatility Comparison
Proshares Ultrashort Semiconductors (SSG) has a higher volatility of 22.10% compared to ProShares UltraShort Technology (REW) at 16.64%. This indicates that SSG's price experiences larger fluctuations and is considered to be riskier than REW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSG | REW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 22.10% | 16.64% | +5.46% |
Volatility (6M)Calculated over the trailing 6-month period | 49.05% | 33.04% | +16.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 77.15% | 54.03% | +23.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 77.00% | 51.29% | +25.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.55% | 48.53% | +20.02% |