SZK vs. VOO
Compare and contrast key facts about ProShares UltraShort Consumer Goods (SZK) and Vanguard S&P 500 ETF (VOO).
SZK and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SZK is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Consumer Goods Index (-200%). It was launched on Jan 30, 2007. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both SZK and VOO 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: SZK or VOO.
Key characteristics
| SZK | VOO | |
|---|---|---|
| YTD Return | -20.81% | 18.91% |
| 1Y Return | -21.34% | 28.20% |
| 3Y Return (Ann) | -5.00% | 9.93% |
| 5Y Return (Ann) | -24.15% | 15.31% |
| 10Y Return (Ann) | -22.68% | 12.87% |
| Sharpe Ratio | -1.00 | 2.21 |
| Daily Std Dev | 21.03% | 12.64% |
| Max Drawdown | -99.40% | -33.99% |
| Current Drawdown | -99.27% | -0.60% |
Correlation
The correlation between SZK and VOO is -0.63. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
SZK vs. VOO - Performance Comparison
In the year-to-date period, SZK achieves a -20.81% return, which is significantly lower than VOO's 18.91% return. Over the past 10 years, SZK has underperformed VOO with an annualized return of -22.68%, while VOO has yielded a comparatively higher 12.87% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SZK vs. VOO - Expense Ratio Comparison
SZK has a 0.95% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
SZK vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) and Vanguard S&P 500 ETF (VOO). 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
SZK vs. VOO - Dividend Comparison
SZK's dividend yield for the trailing twelve months is around 6.79%, more than VOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SZK ProShares UltraShort Consumer Goods | 5.15% | 4.03% | 0.56% | 0.00% | 0.18% | 1.70% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
SZK vs. VOO - Drawdown Comparison
The maximum SZK drawdown since its inception was -99.40%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for SZK and VOO. For additional features, visit the drawdowns tool.
Volatility
SZK vs. VOO - Volatility Comparison
ProShares UltraShort Consumer Goods (SZK) has a higher volatility of 5.30% compared to Vanguard S&P 500 ETF (VOO) at 3.83%. This indicates that SZK's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.