ULPIX vs. SSO
Compare and contrast key facts about ProFunds UltraBull Fund (ULPIX) and ProShares Ultra S&P 500 (SSO).
ULPIX is managed by ProFunds. It was launched on Nov 25, 1997. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ULPIX or SSO.
Correlation
The correlation between ULPIX and SSO is 0.98, 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
ULPIX vs. SSO - Performance Comparison
Key characteristics
ULPIX:
1.66
SSO:
1.93
ULPIX:
2.09
SSO:
2.45
ULPIX:
1.31
SSO:
1.34
ULPIX:
2.37
SSO:
2.95
ULPIX:
9.80
SSO:
11.42
ULPIX:
4.54%
SSO:
4.31%
ULPIX:
26.89%
SSO:
25.47%
ULPIX:
-89.53%
SSO:
-84.67%
ULPIX:
-3.29%
SSO:
-0.90%
Returns By Period
The year-to-date returns for both stocks are quite close, with ULPIX having a 6.62% return and SSO slightly lower at 6.56%. Over the past 10 years, ULPIX has underperformed SSO with an annualized return of 15.95%, while SSO has yielded a comparatively higher 20.67% annualized return.
ULPIX
6.62%
0.88%
18.63%
43.17%
12.61%
15.95%
SSO
6.56%
3.25%
21.91%
47.66%
20.83%
20.67%
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ULPIX vs. SSO - Expense Ratio Comparison
ULPIX has a 1.46% expense ratio, which is higher than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
ULPIX vs. SSO — Risk-Adjusted Performance Rank
ULPIX
SSO
ULPIX vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraBull Fund (ULPIX) and ProShares Ultra S&P 500 (SSO). 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
ULPIX vs. SSO - Dividend Comparison
ULPIX's dividend yield for the trailing twelve months is around 0.60%, less than SSO's 0.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULPIX ProFunds UltraBull Fund | 0.60% | 0.64% | 0.02% | 0.00% | 0.00% | 0.49% | 0.42% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P 500 | 0.80% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% |
Drawdowns
ULPIX vs. SSO - Drawdown Comparison
The maximum ULPIX drawdown since its inception was -89.53%, which is greater than SSO's maximum drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for ULPIX and SSO. For additional features, visit the drawdowns tool.
Volatility
ULPIX vs. SSO - Volatility Comparison
ProFunds UltraBull Fund (ULPIX) has a higher volatility of 9.51% compared to ProShares Ultra S&P 500 (SSO) at 8.14%. This indicates that ULPIX's price experiences larger fluctuations and is considered to be riskier than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.