SSG vs. SOXQ
Compare and contrast key facts about Proshares Ultrashort Semiconductors (SSG) and Invesco PHLX Semiconductor ETF (SOXQ).
SSG and SOXQ 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. SOXQ is a passively managed fund by Invesco that tracks the performance of the PHLX / Semiconductor. It was launched on Jun 11, 2021. Both SSG and SOXQ 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 SOXQ.
Key characteristics
| SSG | SOXQ | |
|---|---|---|
| YTD Return | -78.85% | 24.05% |
| 1Y Return | -83.38% | 44.27% |
| 3Y Return (Ann) | -62.27% | 11.87% |
| Sharpe Ratio | -1.03 | 1.43 |
| Sortino Ratio | -2.48 | 1.93 |
| Omega Ratio | 0.73 | 1.25 |
| Calmar Ratio | -0.85 | 1.99 |
| Martin Ratio | -1.32 | 5.35 |
| Ulcer Index | 63.96% | 9.33% |
| Daily Std Dev | 81.73% | 34.79% |
| Max Drawdown | -100.00% | -46.01% |
| Current Drawdown | -100.00% | -12.70% |
Correlation
The correlation between SSG and SOXQ is -0.95. 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. SOXQ - Performance Comparison
In the year-to-date period, SSG achieves a -78.85% return, which is significantly lower than SOXQ's 24.05% 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. SOXQ - Expense Ratio Comparison
SSG has a 0.95% expense ratio, which is higher than SOXQ's 0.00% expense ratio.
Risk-Adjusted Performance
SSG vs. SOXQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) and Invesco PHLX Semiconductor ETF (SOXQ). 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. SOXQ - Dividend Comparison
SSG's dividend yield for the trailing twelve months is around 4.14%, more than SOXQ's 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SSG Proshares Ultrashort Semiconductors | 4.14% | 4.40% | 0.07% | 0.00% | 0.34% | 1.55% | 0.40% |
SOXQ Invesco PHLX Semiconductor ETF | 0.68% | 0.87% | 1.36% | 0.73% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSG vs. SOXQ - Drawdown Comparison
The maximum SSG drawdown since its inception was -100.00%, which is greater than SOXQ's maximum drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for SSG and SOXQ. For additional features, visit the drawdowns tool.
Volatility
SSG vs. SOXQ - Volatility Comparison
Proshares Ultrashort Semiconductors (SSG) has a higher volatility of 22.71% compared to Invesco PHLX Semiconductor ETF (SOXQ) at 10.18%. This indicates that SSG's price experiences larger fluctuations and is considered to be riskier than SOXQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.