SSG vs. SMH
Compare and contrast key facts about Proshares Ultrashort Semiconductors (SSG) and VanEck Vectors Semiconductor ETF (SMH).
SSG and SMH 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both SSG and SMH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSG or SMH.
Key characteristics
| SSG | SMH | |
|---|---|---|
| YTD Return | -78.72% | 41.61% |
| 1Y Return | -82.38% | 54.65% |
| 3Y Return (Ann) | -62.13% | 19.66% |
| 5Y Return (Ann) | -66.74% | 32.95% |
| 10Y Return (Ann) | -56.20% | 28.62% |
| Sharpe Ratio | -1.02 | 1.73 |
| Sortino Ratio | -2.37 | 2.24 |
| Omega Ratio | 0.74 | 1.30 |
| Calmar Ratio | -0.83 | 2.39 |
| Martin Ratio | -1.29 | 6.56 |
| Ulcer Index | 64.49% | 9.05% |
| Daily Std Dev | 81.66% | 34.39% |
| Max Drawdown | -100.00% | -95.73% |
| Current Drawdown | -100.00% | -11.96% |
Correlation
The correlation between SSG and SMH is -0.86. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SSG vs. SMH - Performance Comparison
In the year-to-date period, SSG achieves a -78.72% return, which is significantly lower than SMH's 41.61% return. Over the past 10 years, SSG has underperformed SMH with an annualized return of -56.20%, while SMH has yielded a comparatively higher 28.62% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SSG vs. SMH - Expense Ratio Comparison
SSG has a 0.95% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
SSG vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) and VanEck Vectors Semiconductor ETF (SMH). 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.
Dividends
SSG vs. SMH - Dividend Comparison
SSG's dividend yield for the trailing twelve months is around 2.74%, more than SMH's 0.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSG Proshares Ultrashort Semiconductors | 2.74% | 2.86% | 0.36% | 0.00% | 0.34% | 1.23% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.60% | 2.37% | 1.02% | 1.38% | 6.00% | 3.75% | 2.85% | 1.61% | 4.28% | 2.31% | 3.11% |
Drawdowns
SSG vs. SMH - Drawdown Comparison
The maximum SSG drawdown since its inception was -100.00%, roughly equal to the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for SSG and SMH. For additional features, visit the drawdowns tool.
Volatility
SSG vs. SMH - Volatility Comparison
Proshares Ultrashort Semiconductors (SSG) has a higher volatility of 19.38% compared to VanEck Vectors Semiconductor ETF (SMH) at 7.71%. This indicates that SSG's price experiences larger fluctuations and is considered to be riskier than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.