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.
Correlation
The correlation between SSG and SMH is 0.77, 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.
Performance
SSG vs. SMH - Performance Comparison
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Key characteristics
SSG:
-0.64
SMH:
0.15
SSG:
-0.81
SMH:
0.59
SSG:
0.90
SMH:
1.08
SSG:
-0.68
SMH:
0.25
SSG:
-1.56
SMH:
0.59
SSG:
43.53%
SMH:
15.31%
SSG:
102.43%
SMH:
43.25%
SSG:
-100.00%
SMH:
-83.29%
SSG:
-100.00%
SMH:
-12.00%
Returns By Period
In the year-to-date period, SSG achieves a -32.40% return, which is significantly lower than SMH's 1.75% return. Over the past 10 years, SSG has underperformed SMH with an annualized return of -56.47%, while SMH has yielded a comparatively higher 25.41% annualized return.
SSG
-32.40%
-44.47%
-35.72%
-66.57%
-64.63%
-56.47%
SMH
1.75%
27.99%
3.15%
7.50%
30.20%
25.41%
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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 Rank
SSG
SMH
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.
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Dividends
SSG vs. SMH - Dividend Comparison
SSG's dividend yield for the trailing twelve months is around 10.22%, more than SMH's 0.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSG Proshares Ultrashort Semiconductors | 10.22% | 7.66% | 6.72% | 0.36% | 0.00% | 0.34% | 1.81% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% |
SMH VanEck Vectors Semiconductor ETF | 0.43% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% | 1.16% |
Drawdowns
SSG vs. SMH - Drawdown Comparison
The maximum SSG drawdown since its inception was -100.00%, which is greater than SMH's maximum drawdown of -83.29%. Use the drawdown chart below to compare losses from any high point for SSG and SMH. For additional features, visit the drawdowns tool.
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Volatility
SSG vs. SMH - Volatility Comparison
Proshares Ultrashort Semiconductors (SSG) has a higher volatility of 23.94% compared to VanEck Vectors Semiconductor ETF (SMH) at 9.76%. 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.
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