SSO vs. QQQ
Compare and contrast key facts about ProShares Ultra S&P 500 (SSO) and Invesco QQQ (QQQ).
SSO and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both SSO and QQQ 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 QQQ.
Performance
SSO vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, SSO achieves a 46.05% return, which is significantly higher than QQQ's 23.40% return. Over the past 10 years, SSO has outperformed QQQ with an annualized return of 19.97%, while QQQ has yielded a comparatively lower 18.08% annualized return.
SSO
46.05%
1.66%
20.67%
60.66%
22.51%
19.97%
QQQ
23.40%
1.56%
10.75%
30.41%
20.90%
18.08%
Key characteristics
| SSO | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.46 | 1.71 |
| Sortino Ratio | 3.05 | 2.29 |
| Omega Ratio | 1.42 | 1.31 |
| Calmar Ratio | 3.05 | 2.19 |
| Martin Ratio | 15.04 | 7.95 |
| Ulcer Index | 3.98% | 3.73% |
| Daily Std Dev | 24.29% | 17.38% |
| Max Drawdown | -84.67% | -82.98% |
| Current Drawdown | -2.90% | -2.13% |
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SSO vs. QQQ - Expense Ratio Comparison
SSO has a 0.90% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between SSO and QQQ 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. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 (SSO) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
SSO's dividend yield for the trailing twelve months is around 0.70%, more than QQQ's 0.60% 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% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
SSO vs. QQQ - Drawdown Comparison
The maximum SSO drawdown since its inception was -84.67%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for SSO and QQQ. For additional features, visit the drawdowns tool.
Volatility
SSO vs. QQQ - Volatility Comparison
ProShares Ultra S&P 500 (SSO) has a higher volatility of 8.19% compared to Invesco QQQ (QQQ) at 5.66%. This indicates that SSO's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.