^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.
Key characteristics
^SP400 | SSO | |
---|---|---|
YTD Return | 10.56% | 33.74% |
1Y Return | 18.17% | 52.10% |
3Y Return (Ann) | 3.60% | 10.12% |
5Y Return (Ann) | 10.41% | 23.33% |
10Y Return (Ann) | 7.92% | 19.66% |
Sharpe Ratio | 1.16 | 2.18 |
Daily Std Dev | 16.65% | 24.75% |
Max Drawdown | -56.32% | -84.67% |
Current Drawdown | -1.28% | -2.39% |
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
In the year-to-date period, ^SP400 achieves a 10.56% return, which is significantly lower than SSO's 33.74% return. Over the past 10 years, ^SP400 has underperformed SSO with an annualized return of 7.92%, while SSO has yielded a comparatively higher 19.66% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 6.58%, while ProShares Ultra S&P 500 (SSO) has a volatility of 11.60%. 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.