SSG vs. SMG

Last updated Jun 23, 2026

SSG (Proshares Ultrashort Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (-200%), while SMG (The Scotts Miracle-Gro Company) is a stock. Over the past 10 years, SSG returned -62.52%/yr vs 2.61%/yr for SMG. At a correlation of -0.38, they often move in opposite directions.

Performance

SSG vs. SMG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Proshares Ultrashort Semiconductors (SSG) and The Scotts Miracle-Gro Company (SMG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SSG achieves a -63.37% return, which is significantly lower than SMG's 9.72% return. Over the past 10 years, SSG has underperformed SMG with an annualized return of -62.52%, while SMG has yielded a comparatively higher 2.61% annualized return.

SSG

• 1D: -0.80%
• 1M: -21.37%
• YTD: -63.37%
• 6M: -63.97%
• 1Y: -81.41%
• 3Y*: -75.00%
• 5Y*: -67.22%
• 10Y*: -62.52%

SMG

• 1D: -3.06%
• 1M: 6.00%
• YTD: 9.72%
• 6M: 8.11%
• 1Y: 5.94%
• 3Y*: 7.56%
• 5Y*: -16.94%
• 10Y*: 2.61%

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

SSG vs. SMG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSG Proshares Ultrashort Semiconductors	-63.37%	-70.03%	-77.59%	-78.69%	37.90%	-67.46%	-76.50%	-63.33%	-0.79%	-51.60%
SMG The Scotts Miracle-Gro Company	9.72%	-8.01%	8.28%	36.92%	-68.81%	-18.03%	96.18%	77.05%	-41.00%	14.46%

Correlation

The correlation between SSG and SMG is -0.11, 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	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	-0.20
Correlation (5Y) Calculated over the trailing 5-year period	-0.34
Correlation (10Y) Calculated over the trailing 10-year period	-0.34
Correlation (All Time) Calculated using the full available price history since Feb 1, 2007	-0.38

Over the past year, the inverse relationship between SSG and SMG has weakened: their correlation has moved from -0.38 to -0.11, meaning they move in opposite directions less often than they have historically.

Return for Risk

SSG vs. SMG — 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

SMG

SMG Risk / Return Rank: 46
SMG Sharpe Ratio Rank: 49
SMG Sortino Ratio Rank: 42
SMG Omega Ratio Rank: 42
SMG Calmar Ratio Rank: 48
SMG Martin Ratio Rank: 48

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. SMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) and The Scotts Miracle-Gro Company (SMG). 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	SMG	Difference
Sharpe ratio: Return per unit of total volatility	-1.21	0.17	-1.38
Sortino ratio: Return per unit of downside risk	-2.86	0.48	-3.34
Omega ratio: Gain probability vs. loss probability	0.69	1.06	-0.36
Calmar ratio: Return relative to maximum drawdown	-1.00	0.25	-1.25
Martin ratio: Return relative to average drawdown	-1.60	0.45	-2.05

SSG vs. SMG - Sharpe Ratio Comparison

The current SSG Sharpe Ratio is -1.21, which is lower than the SMG Sharpe Ratio of 0.17. The chart below compares the historical Sharpe Ratios of SSG and SMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SSG vs. SMG - Drawdown Comparison

The maximum SSG drawdown since its inception was -100.00%, which is greater than SMG's maximum drawdown of -83.55%. Use the drawdown chart below to compare losses from any high point for SSG and SMG.

Drawdown Indicators

	SSG	SMG	Difference
Max Drawdown Largest peak-to-trough decline	-100.00%	-83.55%	-16.45%
Max Drawdown (1Y) Largest decline over 1 year	-81.20%	-23.85%	-57.35%
Max Drawdown (3Y) Largest decline over 3 years	-98.56%	-47.42%	-51.14%
Max Drawdown (5Y) Largest decline over 5 years	-99.66%	-78.41%	-21.25%
Max Drawdown (10Y) Largest decline over 10 years	-99.99%	-83.55%	-16.44%
Current Drawdown Current decline from peak	-100.00%	-69.92%	-30.08%
Average Drawdown Average peak-to-trough decline	-88.60%	-22.04%	-66.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.37%	13.30%	+38.07%

Volatility

SSG vs. SMG - Volatility Comparison

Proshares Ultrashort Semiconductors (SSG) has a higher volatility of 30.98% compared to The Scotts Miracle-Gro Company (SMG) at 10.08%. This indicates that SSG's price experiences larger fluctuations and is considered to be riskier than SMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSG	SMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	30.98%	10.08%	+20.90%
Volatility (6M) Calculated over the trailing 6-month period	53.34%	26.50%	+26.84%
Volatility (1Y) Calculated over the trailing 1-year period	67.65%	34.30%	+33.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	78.35%	46.35%	+32.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.58%	40.44%	+29.14%

Dividends

SSG vs. SMG - Dividend Comparison

SSG's dividend yield for the trailing twelve months is around 14.25%, more than SMG's 4.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMG The Scotts Miracle-Gro Company	4.21%	4.52%	3.98%	4.14%	5.43%	1.59%	3.72%	2.13%	3.51%	1.93%	2.03%	2.85%
SSG Proshares Ultrashort Semiconductors	14.25%	9.19%	7.67%	6.73%	0.75%	0.00%	0.34%	1.81%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SSG and SMG in my portfolio?

SSG and SMG have a correlation of -0.11, 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 SMG?

SSG has higher volatility (30.98%) compared to SMG (10.08%). In terms of maximum drawdown, SSG dropped -100.00% vs SMG's -83.55%.

Which has better risk-adjusted returns?

SMG currently has the higher Sharpe Ratio (0.17 vs -1.21), 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.