SSO vs. QLD
Compare and contrast key facts about ProShares Ultra S&P 500 (SSO) and ProShares Ultra QQQ (QLD).
SSO and QLD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (200%). It was launched on Jun 21, 2006. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006. Both SSO and QLD 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: SSO or QLD.
Performance
SSO vs. QLD - Performance Comparison
Returns By Period
In the year-to-date period, SSO achieves a 46.05% return, which is significantly higher than QLD's 39.36% return. Over the past 10 years, SSO has underperformed QLD with an annualized return of 19.97%, while QLD has yielded a comparatively higher 28.84% annualized return.
SSO
46.05%
1.66%
20.67%
60.66%
22.51%
19.97%
QLD
39.36%
2.28%
16.39%
54.40%
31.30%
28.84%
Key characteristics
| SSO | QLD | |
|---|---|---|
| Sharpe Ratio | 2.46 | 1.51 |
| Sortino Ratio | 3.05 | 1.99 |
| Omega Ratio | 1.42 | 1.27 |
| Calmar Ratio | 3.05 | 1.96 |
| Martin Ratio | 15.04 | 6.52 |
| Ulcer Index | 3.98% | 8.04% |
| Daily Std Dev | 24.29% | 34.82% |
| Max Drawdown | -84.67% | -83.13% |
| Current Drawdown | -2.90% | -4.45% |
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SSO vs. QLD - Expense Ratio Comparison
SSO has a 0.90% expense ratio, which is lower than QLD's 0.95% expense ratio.
Correlation
The correlation between SSO and QLD is 0.89, 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.
Risk-Adjusted Performance
SSO vs. QLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 (SSO) and ProShares Ultra QQQ (QLD). 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
SSO vs. QLD - Dividend Comparison
SSO's dividend yield for the trailing twelve months is around 0.70%, more than QLD's 0.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSO ProShares Ultra S&P 500 | 0.70% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% | 0.26% |
QLD ProShares Ultra QQQ | 0.27% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.90% | 0.11% | 0.19% | 0.13% |
Drawdowns
SSO vs. QLD - Drawdown Comparison
The maximum SSO drawdown since its inception was -84.67%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for SSO and QLD. For additional features, visit the drawdowns tool.
Volatility
SSO vs. QLD - Volatility Comparison
The current volatility for ProShares Ultra S&P 500 (SSO) is 8.19%, while ProShares Ultra QQQ (QLD) has a volatility of 11.37%. This indicates that SSO experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.