^SP400 vs. SSO
Compare and contrast key facts about S&P 400 (^SP400) and ProShares Ultra S&P 500 (SSO).
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: ^SP400 or SSO.
Performance
^SP400 vs. SSO - Performance Comparison
Returns By Period
In the year-to-date period, ^SP400 achieves a 18.17% return, which is significantly lower than SSO's 47.55% return. Over the past 10 years, ^SP400 has underperformed SSO with an annualized return of 8.52%, while SSO has yielded a comparatively higher 20.02% annualized return.
^SP400
18.17%
4.56%
11.35%
28.94%
10.63%
8.52%
SSO
47.55%
2.86%
23.76%
61.14%
22.74%
20.02%
Key characteristics
| ^SP400 | SSO | |
|---|---|---|
| Sharpe Ratio | 1.86 | 2.56 |
| Sortino Ratio | 2.63 | 3.14 |
| Omega Ratio | 1.32 | 1.43 |
| Calmar Ratio | 2.33 | 3.23 |
| Martin Ratio | 10.35 | 15.65 |
| Ulcer Index | 2.87% | 3.98% |
| Daily Std Dev | 15.94% | 24.30% |
| Max Drawdown | -56.32% | -84.67% |
| Current Drawdown | -1.17% | -1.90% |
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Correlation
The correlation between ^SP400 and SSO is 0.89, 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
^SP400 vs. SSO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P 400 (^SP400) 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.
Drawdowns
^SP400 vs. SSO - Drawdown Comparison
The maximum ^SP400 drawdown since its inception was -56.32%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for ^SP400 and SSO. For additional features, visit the drawdowns tool.
Volatility
^SP400 vs. SSO - Volatility Comparison
The current volatility for S&P 400 (^SP400) is 5.42%, while ProShares Ultra S&P 500 (SSO) has a volatility of 7.96%. This indicates that ^SP400 experiences smaller price fluctuations and is considered to be less risky than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.