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SSG vs SVXY

ProShares UltraShort Semiconductors

SSGCNYSE Arca

ProShares Short VIX Short-Term Futures ETF

SVXYBCboe

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

SSG0.95%SVXY0.95%

Avg volume · 30D

SVXY 1.9×the volume

SSG813KSVXY1.58M

10Y return · a year

SVXY +57.0pt

SSG−59.6%SVXY−2.6%

SSG vs SVXY Performance

Nov 9, 2021 – Nov 9, 2026

−99.1%SSG+89.5%SVXY

Nov 9, 2021 to Nov 9, 2026. SSG −99.1%. SVXY +89.5%. Use the arrow keys to read each point.−50%0%50%Nov 2021May 2024Nov 2026
Expense ratio
SSG 0.95%
SVXY 0.95%
Fund size
SSG $50M
SVXY $185M
1Y total return
SSG −49.6%
SVXY +19.5%, better
Yield (12M)
SSG 5.65%
SVXY No data
Holdings
SSG 2
SVXY 1
Avg volume (30D)
SSG 813K sh
SVXY 1.58M sh, better
NAV per share
SSG $16.56
SVXY $54.78
52W range

ETF.net Grade

SSG: Cost 50, Risk 17, Mission not scored, Tradability 62, Holdings 44, Durability 63. SVXY: Cost 50, Risk 71, Mission not scored, Tradability 88, Holdings not scored, Durability 76.
Pillar letters and Scores for SSG, SVXY, with each pillar’s weight
PillarSSGSVXY
Cost30% weightC50C50
Mission25% weightNot scoredNot scored
Risk15% weightF17A71Higher
Tradability15% weightB62A88Higher
Holdings10% weightC44Not scored
Durability5% weightB63A76Higher

Rank among Leveraged Inverse (2x & Other) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SSG and SVXY are both graded against the same 53 Leveraged Inverse (2x & Other) funds, so their Grades compare head to head.

Leveraged Inverse (2x & Other)⁠

Category · 53 funds
See all 53 ›

SVXY ranks 1st and SSG 27th of 53 funds in the Leveraged Inverse (2x & Other) Category.

  1. Rank 1BDOGProShares Short Dow30Score 65
  2. Rank 1BPSQProShares Short QQQScore 65
  3. Rank 1BSVXYProShares Short VIX Short-Term Futures ETFScore 65
  4. Rank 4BRWMProShares Short Russell2000Score 63
  5. Rank 25CETHDProShares UltraShort Ether ETFScore 47
  6. Rank 27CSSGProShares UltraShort SemiconductorsScore 46
  7. Rank 28CEPVProShares UltraShort FTSE EuropeScore 43

Our read on each fund

ETF.net Research

SSGCProShares UltraShort Semiconductors

SVXYBProShares Short VIX Short-Term Futures ETF

In short

SSG Chip stocks cut both ways. SSG is ProShares' -2x daily short on the Dow Jones U.S. Semiconductors Index, built one trading day at a time and live since 2007. Fee: 0.95% net of a waiver through September 30, 2027 (1.33% gross).

SVXY Short volatility, half dose. SVXY targets one-half the inverse of a VIX short-term futures index each day, a deliberately de-tuned take on the short-vol trade, and it has run that mandate since 2011.

Stated mandate

SSG The fund targets daily, pre-fee and pre-expense returns that are twice the opposite of the Dow Jones U.S. Semiconductors SM Index's daily performance.

SVXY SVXY seeks daily results equal to one-half the inverse of the S&P 500 VIX Short-Term Futures Index. Its objective is measured daily, so returns over longer periods can differ from the stated daily target.

Why people hold it

  • SSG Targets twice the inverse of the Dow Jones U.S. Semiconductors Index each day, before fees: a defined, mechanical way to express a bearish chip view in a regular brokerage account.proshares.com
  • Listed in January 2007, so it has traded through multiple full semiconductor cycles, long before the AI-chip era. ProShares bills it as its only -2x fund on the chip industry.proshares.com
  • 0.95% net of a waiver through September 30, 2027 (1.33% gross) sits near the category median and level with ProShares' DOG and PSQ at 0.95% net, each waived to the same date.
  • SVXY The half-strength design is the whole idea: a -0.5x daily target rather than full inverse, so a jump in VIX futures lands with half the force of a one-for-one short.proshares.com
  • 0.95% a year sits below the typical leveraged and inverse fund, and among that crowd this is one of the stronger implementations in its peer group.
  • Launched in 2011 and actively traded, so it has a long operating history and a working market for getting in and out.

Worth knowing

  • SSG The leverage resets daily. Hold longer and results follow the compounded path, not -2x the period move; in choppy or rising chip tape that gap widens.proshares.com
  • Double leverage on a single, famously volatile industry means outsized moves in both directions. ProShares' own materials frame these funds as positions to monitor daily.proshares.com
  • It is a small fund that pays quarterly, and the 1.33% gross fee is what applies if the waiver is not extended past September 30, 2027.
  • SVXY The objective resets daily. Hold longer and compounding takes over, so results over weeks or months can look nothing like half the inverse of the index.proshares.com
  • It is a commodity pool holding VIX futures, not a basket of stocks. Reporting and tax treatment follow different rules than a standard equity ETF.proshares.com
  • Pure price vehicle with no distribution stream, and volatility spikes arrive fast, which is exactly what a short-vol position is on the wrong side of.

Full SSG profile⁠

Full SVXY profile⁠

SSG vs SVXY Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SSG vs SVXY Cost

Same expense ratio

$17,869

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SSG 0.95%

    $17,869

  • SVXY 0.95%

    $17,869

$10,000
30 years

Cost over time

  • SSG 0.95%
  • SVXY 0.95%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SSG $17,869SVXY $17,869

Year by year

YearSSGSVXY
10$1,678$1,678
20$6,322$6,322
30$17,869$17,869

Expense ratio

  • 0.95%SSG
  • 0.95%SVXY
  • Middle half of Leveraged Inverse (2x & Other) funds
  • Median 0.95%

SSG 6th cheapest of 53 funds

SVXY 6th cheapest of 53 funds

SSG vs SVXY Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
SSG 5.65%
SVXY No data
Payout (12M)
SSG $0.89
SVXY None
Last payment
SSG $0.14
SVXY No data
Ex-dividend
SSG Sep 23, 2026
SVXY No data
Paid on
SSG Sep 29, 2026
SVXY No data
Frequency
SSG Quarterly
SVXY No data

Distribution history

Per share, 2018 to 2026, same scale for both

SSGQuarterly · 24 paymentsAll SSG payments⁠
One bar per payment. 24 payments from 2018 to 2026 YTD. Jun 20, 2018 $24.52; Sep 26, 2018 $30.78; Dec 26, 2018 $187.75; Mar 20, 2019 $127.29; Jun 25, 2019 $171.75; Sep 25, 2019 $77.09; Dec 24, 2019 $53.58; Mar 25, 2020 $18.87; Dec 22, 2022 $8.94; Mar 22, 2023 $9.72; Jun 21, 2023 $9.63; Sep 20, 2023 $6.36; Dec 20, 2023 $8.32; Mar 20, 2024 $2.31; Jun 26, 2024 $1.77; Sep 25, 2024 $2.27; Dec 23, 2024 $1.88; Mar 26, 2025 $1.40; Jun 25, 2025 $0.44; Sep 24, 2025 $0.49; Dec 24, 2025 $0.48; Mar 25, 2026 $0.18; Jun 24, 2026 $0.08; Sep 23, 2026 $0.14. Use the arrow keys to read each point.$0$200202020232026YTD
SVXYAll SVXY payments⁠

No distribution history available.

SSG vs SVXY Risk

Fall from peak · 5 years

  • SSG
  • SVXY
Nov 9, 2021 to Nov 9, 2026. Worst fall: SSG −99.7% · Oct 2026. Use the arrow keys to read each point.−100%−75%−50%−25%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
SSG 56.0%SVXY 26.5%, better
Return per unit of riskSharpe ratio, 3 years
SSG −2.03SVXY 0.42, better
Worst fallMax drawdown, 5 years
SSG −99.7%SVXY −46.4%, better
Market sensitivityBeta, 5 years
SSG −3.47SVXY 1.30

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