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SSO vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


SSOSPY
YTD Return19.51%10.41%
1Y Return65.89%34.16%
3Y Return (Ann)15.38%11.38%
5Y Return (Ann)21.88%14.99%
10Y Return (Ann)20.20%12.96%
Sharpe Ratio2.832.93
Daily Std Dev23.02%11.54%
Max Drawdown-84.67%-55.19%
Current Drawdown0.00%0.00%

Correlation

1.00
-1.001.00

The correlation between SSO and SPY is 1.00, 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

SSO vs. SPY - Performance Comparison

In the year-to-date period, SSO achieves a 19.51% return, which is significantly higher than SPY's 10.41% return. Over the past 10 years, SSO has outperformed SPY with an annualized return of 20.20%, while SPY has yielded a comparatively lower 12.96% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


400.00%500.00%600.00%700.00%800.00%900.00%OctoberNovemberDecember2024FebruaryMarch
947.33%
488.52%
SSO
SPY

Compare stocks, funds, or ETFs


ProShares Ultra S&P 500

SPDR S&P 500 ETF

SSO vs. SPY - Expense Ratio Comparison

SSO has a 0.90% expense ratio, which is higher than SPY's 0.09% expense ratio.

SSO
ProShares Ultra S&P 500
0.50%1.00%1.50%2.00%0.90%
0.50%1.00%1.50%2.00%0.09%

Risk-Adjusted Performance

SSO vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 (SSO) and SPDR S&P 500 ETF (SPY). 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.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
SSO
ProShares Ultra S&P 500
2.83
SPY
SPDR S&P 500 ETF
2.93

SSO vs. SPY - Sharpe Ratio Comparison

The current SSO Sharpe Ratio is 2.83, which roughly equals the SPY Sharpe Ratio of 2.93. The chart below compares the 12-month rolling Sharpe Ratio of SSO and SPY.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
2.83
2.93
SSO
SPY

Dividends

SSO vs. SPY - Dividend Comparison

SSO's dividend yield for the trailing twelve months is around 0.38%, less than SPY's 1.28% yield.


TTM20232022202120202019201820172016201520142013
SSO
ProShares Ultra S&P 500
0.38%0.18%0.50%0.18%0.20%0.50%0.75%0.39%0.50%0.63%0.33%0.26%
SPY
SPDR S&P 500 ETF
1.28%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

SSO vs. SPY - Drawdown Comparison

The maximum SSO drawdown since its inception was -84.67%, which is greater than SPY's maximum drawdown of -55.19%. The drawdown chart below compares losses from any high point along the way for SSO and SPY


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch00
SSO
SPY

Volatility

SSO vs. SPY - Volatility Comparison

ProShares Ultra S&P 500 (SSO) has a higher volatility of 5.49% compared to SPDR S&P 500 ETF (SPY) at 2.75%. This indicates that SSO's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%OctoberNovemberDecember2024FebruaryMarch
5.49%
2.75%
SSO
SPY