^SML vs. SAA
Compare and contrast key facts about S&P Small-Cap 600 Index (^SML) and ProShares Ultra SmallCap600 (SAA).
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: ^SML or SAA.
Correlation
The correlation between ^SML and SAA is 0.79, 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
^SML vs. SAA - Performance Comparison
Key characteristics
^SML:
-0.24
SAA:
-0.36
^SML:
-0.18
SAA:
-0.23
^SML:
0.98
SAA:
0.97
^SML:
-0.20
SAA:
-0.32
^SML:
-0.58
SAA:
-0.93
^SML:
9.69%
SAA:
18.96%
^SML:
23.70%
SAA:
48.82%
^SML:
-59.17%
SAA:
-87.39%
^SML:
-19.63%
SAA:
-44.92%
Returns By Period
In the year-to-date period, ^SML achieves a -11.83% return, which is significantly higher than SAA's -25.94% return. Both investments have delivered pretty close results over the past 10 years, with ^SML having a 5.76% annualized return and SAA not far ahead at 5.88%.
^SML
-11.83%
8.88%
-17.84%
-5.77%
10.03%
5.76%
SAA
-25.94%
15.99%
-36.30%
-19.55%
12.99%
5.88%
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Risk-Adjusted Performance
^SML vs. SAA — Risk-Adjusted Performance Rank
^SML
SAA
^SML vs. SAA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Small-Cap 600 Index (^SML) 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.
Drawdowns
^SML vs. SAA - Drawdown Comparison
The maximum ^SML drawdown since its inception was -59.17%, smaller than the maximum SAA drawdown of -87.39%. Use the drawdown chart below to compare losses from any high point for ^SML and SAA. For additional features, visit the drawdowns tool.
Volatility
^SML vs. SAA - Volatility Comparison
The current volatility for S&P Small-Cap 600 Index (^SML) is 11.57%, while ProShares Ultra SmallCap600 (SAA) has a volatility of 22.87%. This indicates that ^SML 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.