SSG vs. SOXS
SSG (Proshares Ultrashort Semiconductors) and SOXS (Direxion Daily Semiconductor Bear 3x Shares) are both exchange-traded funds - SSG is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (-200%), while SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%). Both are passively managed. Over the past 10 years, SSG returned -62.52%/yr vs -79.95%/yr for SOXS. Their correlation of 0.93 suggests significant overlap in exposure. SSG charges 0.95%/yr vs 1.08%/yr for SOXS.
Performance
SSG vs. SOXS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SSG achieves a -63.37% return, which is significantly higher than SOXS's -94.69% return. Over the past 10 years, SSG has outperformed SOXS with an annualized return of -62.52%, while SOXS has yielded a comparatively lower -79.95% 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%
SOXS
- 1D
- -8.08%
- 1M
- -57.31%
- YTD
- -94.69%
- 6M
- -94.57%
- 1Y
- -98.20%
- 3Y*
- -88.23%
- 5Y*
- -81.24%
- 10Y*
- -79.95%
SSG vs. SOXS - 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% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | -94.69% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
Correlation
The correlation between SSG and SOXS is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Mar 11, 2010 | 0.93 |
The correlation between SSG and SOXS shifts across timeframes, from 0.82 (1 year) to 0.93 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SSG vs. SOXS — Risk / Return Rank
SSG
SOXS
SSG vs. SOXS - Risk-Adjusted Trends 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.
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 | SOXS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.82 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 0.61 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | -1.00 | 0.00 |
| Martin ratioReturn relative to average drawdown | -1.60 | -1.46 | -0.14 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| SSG | SOXS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -100.00% | 0.00% |
Max Drawdown (1Y)Largest decline over 1 year | -81.20% | -98.17% | +16.97% |
Max Drawdown (3Y)Largest decline over 3 years | -98.56% | -99.87% | +1.31% |
Max Drawdown (5Y)Largest decline over 5 years | -99.66% | -99.98% | +0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -100.00% | +0.01% |
Current DrawdownCurrent decline from peak | -100.00% | -100.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -88.60% | -92.60% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 51.37% | 67.64% | -16.27% |
Volatility
SSG vs. SOXS - Volatility Comparison
The current volatility for Proshares Ultrashort Semiconductors (SSG) is 30.98%, while Direxion Daily Semiconductor Bear 3x Shares (SOXS) has a volatility of 61.89%. 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.
Loading charts...
Volatility by Period
| SSG | SOXS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.98% | 61.89% | -30.91% |
Volatility (6M)Calculated over the trailing 6-month period | 53.34% | 97.94% | -44.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.65% | 115.12% | -47.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.35% | 110.92% | -32.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.58% | 101.99% | -32.41% |
SSG vs. SOXS - Expense Ratio Comparison
SSG has a 0.95% expense ratio, which is lower than SOXS's 1.08% expense ratio.
Dividends
SSG vs. SOXS - Dividend Comparison
SSG's dividend yield for the trailing twelve months is around 14.25%, less than SOXS's 101.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | 101.68% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% |
SSG Proshares Ultrashort Semiconductors | 14.25% | 9.19% | 7.67% | 6.73% | 0.75% | 0.00% | 0.34% | 1.81% | 0.62% |
Frequently Asked Questions
SSG and SOXS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOXS has higher volatility (61.89%) compared to SSG (30.98%). In terms of maximum drawdown, SSG dropped -100.00% vs SOXS's -100.00%.
On 10-year performance, SSG leads with -62.52% vs -79.95% for SOXS. On fees, SSG is cheaper at 0.95% per year. On volatility, SSG has been the lower-risk option at 30.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, SSG has performed better with a -62.52% return vs -79.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SSG is cheaper with a 0.95% expense ratio, compared with 1.08% for SOXS.
SOXS has the higher dividend yield at 101.68%, compared with 14.25% for SSG.
SSG is categorized as Leveraged Equities, while SOXS is Inverse Equities. SSG tracks Dow Jones U.S. Semiconductors Index (-200%), while SOXS tracks PHLX Semiconductor Index (-300%). They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for SSG and 1.08% for SOXS.
SOXS currently has the higher Sharpe Ratio (-0.85 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.
Find the right allocation for SSG and SOXS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer