^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.
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.
Performance
^SP400 vs. SSO - Performance Comparison
Key characteristics
^SP400:
1.00
SSO:
1.63
^SP400:
1.47
SSO:
2.12
^SP400:
1.18
SSO:
1.29
^SP400:
1.85
SSO:
2.46
^SP400:
4.58
SSO:
9.61
^SP400:
3.46%
SSO:
4.27%
^SP400:
15.82%
SSO:
25.30%
^SP400:
-56.32%
SSO:
-84.67%
^SP400:
-6.75%
SSO:
-8.46%
Returns By Period
In the year-to-date period, ^SP400 achieves a 1.29% return, which is significantly higher than SSO's -1.57% return. Over the past 10 years, ^SP400 has underperformed SSO with an annualized return of 8.27%, while SSO has yielded a comparatively higher 20.11% annualized return.
^SP400
1.29%
-3.54%
1.49%
15.86%
8.55%
8.27%
SSO
-1.57%
-7.24%
3.08%
40.95%
18.59%
20.11%
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Risk-Adjusted Performance
^SP400 vs. SSO — Risk-Adjusted Performance Rank
^SP400
SSO
^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 5.09%, while ProShares Ultra S&P 500 (SSO) has a volatility of 9.07%. 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.