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

Correlation

The correlation between SSO and TSM is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.0
Correlation: 0.6

Performance

SSO vs. TSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra S&P 500 (SSO) and Taiwan Semiconductor Manufacturing Company Limited (TSM). The values are adjusted to include any dividend payments, if applicable.

1,000.00%2,000.00%3,000.00%4,000.00%NovemberDecember2025FebruaryMarchApril
966.76%
3,169.89%
SSO
TSM

Key characteristics

Sharpe Ratio

SSO:

0.25

TSM:

0.55

Sortino Ratio

SSO:

0.62

TSM:

1.05

Omega Ratio

SSO:

1.09

TSM:

1.13

Calmar Ratio

SSO:

0.28

TSM:

0.69

Martin Ratio

SSO:

1.05

TSM:

1.98

Ulcer Index

SSO:

9.23%

TSM:

12.87%

Daily Std Dev

SSO:

38.52%

TSM:

46.33%

Max Drawdown

SSO:

-84.67%

TSM:

-84.63%

Current Drawdown

SSO:

-21.69%

TSM:

-26.21%

Returns By Period

In the year-to-date period, SSO achieves a -15.17% return, which is significantly higher than TSM's -16.08% return. Over the past 10 years, SSO has underperformed TSM with an annualized return of 17.29%, while TSM has yielded a comparatively higher 24.16% annualized return.


SSO

YTD

-15.17%

1M

-8.08%

6M

-13.83%

1Y

8.67%

5Y*

24.12%

10Y*

17.29%

TSM

YTD

-16.08%

1M

-1.87%

6M

-18.27%

1Y

21.05%

5Y*

27.68%

10Y*

24.16%

*Annualized

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Risk-Adjusted Performance

SSO vs. TSM — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSO
The Risk-Adjusted Performance Rank of SSO is 4646
Overall Rank
The Sharpe Ratio Rank of SSO is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of SSO is 4848
Sortino Ratio Rank
The Omega Ratio Rank of SSO is 4949
Omega Ratio Rank
The Calmar Ratio Rank of SSO is 4646
Calmar Ratio Rank
The Martin Ratio Rank of SSO is 4444
Martin Ratio Rank

TSM
The Risk-Adjusted Performance Rank of TSM is 7272
Overall Rank
The Sharpe Ratio Rank of TSM is 7373
Sharpe Ratio Rank
The Sortino Ratio Rank of TSM is 6868
Sortino Ratio Rank
The Omega Ratio Rank of TSM is 6666
Omega Ratio Rank
The Calmar Ratio Rank of TSM is 7979
Calmar Ratio Rank
The Martin Ratio Rank of TSM is 7373
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SSO vs. TSM - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 (SSO) and Taiwan Semiconductor Manufacturing Company Limited (TSM). 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.


The chart of Sharpe ratio for SSO, currently valued at 0.25, compared to the broader market-1.000.001.002.003.004.00
SSO: 0.25
TSM: 0.55
The chart of Sortino ratio for SSO, currently valued at 0.62, compared to the broader market-2.000.002.004.006.008.00
SSO: 0.62
TSM: 1.05
The chart of Omega ratio for SSO, currently valued at 1.09, compared to the broader market0.501.001.502.00
SSO: 1.09
TSM: 1.13
The chart of Calmar ratio for SSO, currently valued at 0.28, compared to the broader market0.002.004.006.008.0010.0012.00
SSO: 0.28
TSM: 0.69
The chart of Martin ratio for SSO, currently valued at 1.05, compared to the broader market0.0020.0040.0060.00
SSO: 1.05
TSM: 1.98

The current SSO Sharpe Ratio is 0.25, which is lower than the TSM Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of SSO and TSM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.25
0.55
SSO
TSM

Dividends

SSO vs. TSM - Dividend Comparison

SSO's dividend yield for the trailing twelve months is around 0.99%, less than TSM's 1.48% yield.


TTM20242023202220212020201920182017201620152014
SSO
ProShares Ultra S&P 500
0.99%0.85%0.18%0.50%0.18%0.20%0.50%0.75%0.39%0.51%0.63%0.32%
TSM
Taiwan Semiconductor Manufacturing Company Limited
1.48%1.18%1.78%2.48%1.56%1.58%3.49%3.55%2.32%2.61%2.54%1.79%

Drawdowns

SSO vs. TSM - Drawdown Comparison

The maximum SSO drawdown since its inception was -84.67%, roughly equal to the maximum TSM drawdown of -84.63%. Use the drawdown chart below to compare losses from any high point for SSO and TSM. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-21.69%
-26.21%
SSO
TSM

Volatility

SSO vs. TSM - Volatility Comparison

ProShares Ultra S&P 500 (SSO) has a higher volatility of 28.07% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 19.77%. This indicates that SSO's price experiences larger fluctuations and is considered to be riskier than TSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%30.00%NovemberDecember2025FebruaryMarchApril
28.07%
19.77%
SSO
TSM