TMSL vs. SAA
Compare and contrast key facts about T. Rowe Price Small-Mid Cap ETF (TMSL) and ProShares Ultra SmallCap600 (SAA).
TMSL and SAA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TMSL is an actively managed fund by T. Rowe Price. It was launched on Jun 14, 2023. SAA is a passively managed fund by ProShares that tracks the performance of the S&P SmallCap 600 Index (200%). It was launched on Jan 25, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TMSL or SAA.
Correlation
The correlation between TMSL and SAA is 0.92, 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
TMSL vs. SAA - Performance Comparison
Key characteristics
TMSL:
1.10
SAA:
0.26
TMSL:
1.59
SAA:
0.66
TMSL:
1.20
SAA:
1.08
TMSL:
1.95
SAA:
0.25
TMSL:
4.74
SAA:
1.06
TMSL:
3.57%
SAA:
9.40%
TMSL:
15.39%
SAA:
38.10%
TMSL:
-13.22%
SAA:
-87.39%
TMSL:
-2.85%
SAA:
-23.68%
Returns By Period
In the year-to-date period, TMSL achieves a 5.47% return, which is significantly higher than SAA's 2.62% return.
TMSL
5.47%
1.34%
8.79%
18.38%
N/A
N/A
SAA
2.62%
-2.13%
3.77%
15.00%
5.21%
9.69%
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TMSL vs. SAA - Expense Ratio Comparison
TMSL has a 0.55% expense ratio, which is lower than SAA's 0.95% expense ratio.
Risk-Adjusted Performance
TMSL vs. SAA — Risk-Adjusted Performance Rank
TMSL
SAA
TMSL vs. SAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price Small-Mid Cap ETF (TMSL) and ProShares Ultra SmallCap600 (SAA). 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
TMSL vs. SAA - Dividend Comparison
TMSL's dividend yield for the trailing twelve months is around 0.42%, less than SAA's 1.32% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMSL T. Rowe Price Small-Mid Cap ETF | 0.42% | 0.44% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SAA ProShares Ultra SmallCap600 | 1.32% | 1.36% | 0.87% | 0.46% | 0.00% | 0.03% | 0.35% | 0.27% | 0.00% | 0.41% |
Drawdowns
TMSL vs. SAA - Drawdown Comparison
The maximum TMSL drawdown since its inception was -13.22%, smaller than the maximum SAA drawdown of -87.39%. Use the drawdown chart below to compare losses from any high point for TMSL and SAA. For additional features, visit the drawdowns tool.
Volatility
TMSL vs. SAA - Volatility Comparison
The current volatility for T. Rowe Price Small-Mid Cap ETF (TMSL) is 3.47%, while ProShares Ultra SmallCap600 (SAA) has a volatility of 7.58%. This indicates that TMSL experiences smaller price fluctuations and is considered to be less risky than SAA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.