Correlation
The correlation between ^SP100 and SPXU is 0.99, 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.
^SP100 vs. SPXU
Compare and contrast key facts about S&P 100 Index (^SP100) and ProShares UltraPro Short S&P500 (SPXU).
SPXU is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (-300%). It was launched on Jun 25, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^SP100 or SPXU.
Performance
^SP100 vs. SPXU - Performance Comparison
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Key characteristics
^SP100:
0.67
SPXU:
-0.61
^SP100:
1.06
SPXU:
-0.57
^SP100:
1.15
SPXU:
0.92
^SP100:
0.70
SPXU:
-0.34
^SP100:
2.53
SPXU:
-1.25
^SP100:
5.50%
SPXU:
27.27%
^SP100:
21.22%
SPXU:
58.67%
^SP100:
-61.31%
SPXU:
-99.99%
^SP100:
-3.91%
SPXU:
-99.99%
Returns By Period
In the year-to-date period, ^SP100 achieves a -0.16% return, which is significantly higher than SPXU's -12.58% return. Over the past 10 years, ^SP100 has outperformed SPXU with an annualized return of 12.01%, while SPXU has yielded a comparatively lower -39.05% annualized return.
^SP100
-0.16%
7.16%
0.08%
14.08%
15.38%
15.74%
12.01%
SPXU
-12.58%
-17.21%
-7.07%
-35.41%
-34.29%
-41.34%
-39.05%
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Risk-Adjusted Performance
^SP100 vs. SPXU — Risk-Adjusted Performance Rank
^SP100
SPXU
^SP100 vs. SPXU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 100 Index (^SP100) and ProShares UltraPro Short S&P500 (SPXU). 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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Drawdowns
^SP100 vs. SPXU - Drawdown Comparison
The maximum ^SP100 drawdown since its inception was -61.31%, smaller than the maximum SPXU drawdown of -99.99%. Use the drawdown chart below to compare losses from any high point for ^SP100 and SPXU.
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Volatility
^SP100 vs. SPXU - Volatility Comparison
The current volatility for S&P 100 Index (^SP100) is 5.02%, while ProShares UltraPro Short S&P500 (SPXU) has a volatility of 14.87%. This indicates that ^SP100 experiences smaller price fluctuations and is considered to be less risky than SPXU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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