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.
Key characteristics
| ULPIX | SSO | |
|---|---|---|
| YTD Return | 48.43% | 49.61% |
| 1Y Return | 66.05% | 67.69% |
| 3Y Return (Ann) | 7.15% | 11.48% |
| 5Y Return (Ann) | 15.08% | 22.95% |
| 10Y Return (Ann) | 16.07% | 20.54% |
| Sharpe Ratio | 2.86 | 3.04 |
| Sortino Ratio | 3.32 | 3.63 |
| Omega Ratio | 1.50 | 1.51 |
| Calmar Ratio | 2.48 | 3.51 |
| Martin Ratio | 18.33 | 18.74 |
| Ulcer Index | 3.95% | 3.95% |
| Daily Std Dev | 25.31% | 24.37% |
| Max Drawdown | -89.55% | -84.67% |
| Current Drawdown | -0.60% | -0.53% |
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
The year-to-date returns for both investments are quite close, with ULPIX having a 48.43% return and SSO slightly higher at 49.61%. Over the past 10 years, ULPIX has underperformed SSO with an annualized return of 16.07%, while SSO has yielded a comparatively higher 20.54% 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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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 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 0.68% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ULPIX ProFunds UltraBull Fund | 0.60% | 0.02% | 0.00% | 0.00% | 0.49% | 0.42% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P 500 | 0.68% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% | 0.26% |
Drawdowns
ULPIX vs. SSO - Drawdown Comparison
The maximum ULPIX drawdown since its inception was -89.55%, 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) and ProShares Ultra S&P 500 (SSO) have volatilities of 7.49% and 7.53%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.