Correlation
The correlation between UPW and SSO is 0.50, 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.
UPW vs. SSO
Compare and contrast key facts about ProShares Ultra Utilities (UPW) and ProShares Ultra S&P 500 (SSO).
UPW and SSO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UPW is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Utilities Index (200%). It was launched on Jan 30, 2007. 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. Both UPW and SSO 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: UPW or SSO.
Performance
UPW vs. SSO - Performance Comparison
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Key characteristics
UPW:
0.77
SSO:
0.46
UPW:
1.20
SSO:
0.78
UPW:
1.15
SSO:
1.11
UPW:
0.93
SSO:
0.41
UPW:
2.87
SSO:
1.40
UPW:
9.27%
SSO:
10.32%
UPW:
34.74%
SSO:
39.21%
UPW:
-77.75%
SSO:
-84.67%
UPW:
-4.60%
SSO:
-10.95%
Returns By Period
In the year-to-date period, UPW achieves a 14.06% return, which is significantly higher than SSO's -3.54% return. Over the past 10 years, UPW has underperformed SSO with an annualized return of 12.02%, while SSO has yielded a comparatively higher 18.68% annualized return.
UPW
14.06%
5.65%
-4.34%
22.48%
2.80%
11.56%
12.02%
SSO
-3.54%
10.59%
-8.77%
15.68%
18.88%
24.52%
18.68%
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UPW vs. SSO - Expense Ratio Comparison
UPW has a 0.95% expense ratio, which is higher than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
UPW vs. SSO — Risk-Adjusted Performance Rank
UPW
SSO
UPW vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Utilities (UPW) 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.
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Dividends
UPW vs. SSO - Dividend Comparison
UPW's dividend yield for the trailing twelve months is around 1.71%, more than SSO's 0.87% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
UPW ProShares Ultra Utilities | 1.71% | 1.83% | 2.40% | 1.55% | 1.30% | 0.83% | 0.83% | 1.98% | 1.51% | 1.70% | 2.16% | 1.69% |
SSO ProShares Ultra S&P 500 | 0.87% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% |
Drawdowns
UPW vs. SSO - Drawdown Comparison
The maximum UPW drawdown since its inception was -77.75%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for UPW and SSO.
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Volatility
UPW vs. SSO - Volatility Comparison
ProShares Ultra Utilities (UPW) and ProShares Ultra S&P 500 (SSO) have volatilities of 9.19% and 9.57%, 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.
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