^SP400 vs. SSO
Compare and contrast key facts about S&P 400 Index (^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:
-0.03
SSO:
0.28
^SP400:
0.09
SSO:
0.65
^SP400:
1.01
SSO:
1.10
^SP400:
-0.04
SSO:
0.31
^SP400:
-0.12
SSO:
1.09
^SP400:
7.78%
SSO:
9.92%
^SP400:
21.51%
SSO:
38.38%
^SP400:
-56.32%
SSO:
-84.67%
^SP400:
-13.03%
SSO:
-17.70%
Returns By Period
In the year-to-date period, ^SP400 achieves a -5.52% return, which is significantly higher than SSO's -10.85% return. Over the past 10 years, ^SP400 has underperformed SSO with an annualized return of 6.88%, while SSO has yielded a comparatively higher 17.87% annualized return.
^SP400
-5.52%
15.14%
-10.14%
-0.65%
11.99%
6.88%
SSO
-10.85%
27.04%
-14.12%
10.56%
24.52%
17.87%
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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 Index (^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 Index (^SP400) is 11.14%, while ProShares Ultra S&P 500 (SSO) has a volatility of 21.77%. 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.