SSG vs. SOXS
Compare and contrast key facts about Proshares Ultrashort Semiconductors (SSG) and Direxion Daily Semiconductor Bear 3x Shares (SOXS).
SSG and SOXS 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. SOXS is a passively managed fund by Direxion that tracks the performance of the PHLX Semiconductor Index (-300%). It was launched on Mar 11, 2010. Both SSG and SOXS 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 SOXS.
Key characteristics
| SSG | SOXS | |
|---|---|---|
| YTD Return | -79.42% | -61.92% |
| 1Y Return | -83.59% | -77.12% |
| 3Y Return (Ann) | -62.45% | -61.99% |
| 5Y Return (Ann) | -66.98% | -76.50% |
| 10Y Return (Ann) | -56.32% | -65.96% |
| Sharpe Ratio | -1.02 | -0.75 |
| Sortino Ratio | -2.41 | -1.28 |
| Omega Ratio | 0.74 | 0.86 |
| Calmar Ratio | -0.84 | -0.77 |
| Martin Ratio | -1.31 | -1.19 |
| Ulcer Index | 63.93% | 64.34% |
| Daily Std Dev | 81.68% | 102.23% |
| Max Drawdown | -100.00% | -100.00% |
| Current Drawdown | -100.00% | -100.00% |
Correlation
The correlation between SSG and SOXS is 0.72, 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. SOXS - Performance Comparison
In the year-to-date period, SSG achieves a -79.42% return, which is significantly lower than SOXS's -61.92% return. Over the past 10 years, SSG has outperformed SOXS with an annualized return of -56.32%, while SOXS has yielded a comparatively lower -65.96% 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. SOXS - Expense Ratio Comparison
SSG has a 0.95% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Risk-Adjusted Performance
SSG vs. SOXS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Proshares Ultrashort Semiconductors (SSG) and Direxion Daily Semiconductor Bear 3x Shares (SOXS). 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. SOXS - Dividend Comparison
SSG's dividend yield for the trailing twelve months is around 9.26%, more than SOXS's 7.55% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
SSG Proshares Ultrashort Semiconductors | 9.26% | 5.20% | 0.07% | 0.00% | 0.34% | 1.23% | 0.48% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 7.55% | 9.21% | 0.19% | 0.00% | 3.55% | 2.32% | 0.76% |
Drawdowns
SSG vs. SOXS - Drawdown Comparison
The maximum SSG drawdown since its inception was -100.00%, roughly equal to the maximum SOXS drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for SSG and SOXS. For additional features, visit the drawdowns tool.
Volatility
SSG vs. SOXS - Volatility Comparison
The current volatility for Proshares Ultrashort Semiconductors (SSG) is 22.08%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 27.35%. This indicates that SSG experiences smaller price fluctuations and is considered to be less risky than SOXS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.