USD vs. SSO
Compare and contrast key facts about ProShares Ultra Semiconductors (USD) and ProShares Ultra S&P 500 (SSO).
USD and SSO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. USD is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors 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 USD 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: USD or SSO.
Performance
USD vs. SSO - Performance Comparison
Returns By Period
In the year-to-date period, USD achieves a 145.13% return, which is significantly higher than SSO's 46.05% return. Over the past 10 years, USD has outperformed SSO with an annualized return of 46.27%, while SSO has yielded a comparatively lower 19.97% annualized return.
USD
145.13%
-5.84%
27.28%
183.55%
59.21%
46.27%
SSO
46.05%
1.66%
20.67%
60.66%
22.51%
19.97%
Key characteristics
| USD | SSO | |
|---|---|---|
| Sharpe Ratio | 2.19 | 2.46 |
| Sortino Ratio | 2.50 | 3.05 |
| Omega Ratio | 1.33 | 1.42 |
| Calmar Ratio | 3.65 | 3.05 |
| Martin Ratio | 9.61 | 15.04 |
| Ulcer Index | 18.18% | 3.98% |
| Daily Std Dev | 79.65% | 24.29% |
| Max Drawdown | -87.93% | -84.67% |
| Current Drawdown | -18.95% | -2.90% |
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USD vs. SSO - Expense Ratio Comparison
USD has a 0.95% expense ratio, which is higher than SSO's 0.90% expense ratio.
Correlation
The correlation between USD and SSO is 0.75, 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.
Risk-Adjusted Performance
USD vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra Semiconductors (USD) 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
USD vs. SSO - Dividend Comparison
USD's dividend yield for the trailing twelve months is around 0.02%, less than SSO's 0.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD ProShares Ultra Semiconductors | 0.02% | 0.05% | 0.59% | 0.00% | 0.27% | 1.09% | 0.93% | 0.41% | 7.43% | 0.39% | 3.33% | 0.80% |
SSO ProShares Ultra S&P 500 | 0.70% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% | 0.26% |
Drawdowns
USD vs. SSO - Drawdown Comparison
The maximum USD drawdown since its inception was -87.93%, roughly equal to the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for USD and SSO. For additional features, visit the drawdowns tool.
Volatility
USD vs. SSO - Volatility Comparison
ProShares Ultra Semiconductors (USD) has a higher volatility of 19.21% compared to ProShares Ultra S&P 500 (SSO) at 8.19%. This indicates that USD'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.