SAA vs SPY
Comparison between PROSHARES ULTRA SMALLCAP600 (SAA, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed SAA, delivering a return of +12.4% compared to +5.1%
SAA vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SAA
$31M
Winner
SPY
$781B
Expense Ratio
SAA
N/A
SPY
0.09%
Max Drawdown
SAA
88.08%
Winner
SPY
56.47%
Sharpe Ratio
Winner
SAA
1.30
SPY
1.12
5Y Beta
SAA
2.08
Winner
SPY
1.00
P/E Ratio
SAA
45.35
Winner
SPY
28.53
Forward P/E
Winner
SAA
15.82
SPY
21.47
5Y Dividends CAGR
Winner
SAA
114.92%
SPY
6.00%
5Y EPS CAGR
SAA
N/A
SPY
25.58%
Debt to Equity
SAA
60.70%
Winner
SPY
32.09%
P/S Ratio
Winner
SAA
1.23
SPY
3.75
P/B Ratio
Winner
SAA
2.18
SPY
5.64
SAA vs SPY - Holdings Comparison
SAA and SPY have 1 common holdings. Overlap is 0.00%
SAA's top 25 holdings weight is 35.83%. SPY's top 25 holdings weight is 51.74%.
| Rank | SAA | SPY |
|---|---|---|
| #1 | S&P SMALLCAP 600 INDEX SWAP (n/a) - 13.92% | NVIDIA CORP (NVDA) - 7.89% |
| #2 | CTE PROSHARES TRUST M (n/a) - 11.25% | APPLE INC (AAPL) - 7.37% |
| #3 | CASH (n/a) - 3.09% | MICROSOFT CORP (MSFT) - 4.50% |
| #4 | MOLINA HEALTHCARE INC (MOH) - 0.50% | AMAZON.COM INC (AMZN) - 3.82% |
| #5 | BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 0.44% | ALPHABET INC CLASS A (GOOGL) - 3.33% |
| #6 | VIASAT INC (VSAT) - 0.38% | BROADCOM INC (AVGO) - 2.86% |
| #7 | ELEMENT SOLUTIONS INC (ESI) - 0.37% | ALPHABET INC CLASS C (GOOG) - 2.68% |
| #8 | FORMFACTOR INC (FORM) - 0.36% | META PLATFORMS INC CLASS A (META) - 2.29% |
| #9 | MATCH GROUP INC ORDINARY SHARES NEW (MTCH) - 0.35% | TESLA INC (TSLA) - 1.70% |
| #10 | KRYSTAL BIOTECH INC (KRYS) - 0.35% | MICRON TECHNOLOGY INC (MU) - 1.56% |
| #11 | GLAUKOS CORP (GKOS) - 0.35% | JPMORGAN CHASE & CO (JPM) - 1.42% |
| #12 | ALKERMES PLC (ALKS) - 0.34% | ELI LILLY AND CO (LLY) - 1.40% |
| #13 | JACKSON FINANCIAL INC (JXN) - 0.34% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.37% |
| #14 | ARGAN INC (AGX) - 0.34% | ADVANCED MICRO DEVICES INC (AMD) - 1.32% |
| #15 | CORCEPT THERAPEUTICS INC (CORT) - 0.34% | EXXONMOBIL HOLDINGS CORP (XOM) - 0.92% |
| #16 | ESCO TECHNOLOGIES INC (ESE) - 0.33% | JOHNSON & JOHNSON (JNJ) - 0.91% |
| #17 | STONEX GROUP INC (SNEX) - 0.32% | VISA INC CLASS A (V) - 0.90% |
| #18 | CARMAX INC (KMX) - 0.31% | WALMART INC (WMT) - 0.76% |
| #19 | PROTAGONIST THERAPEUTICS INC (PTGX) - 0.31% | INTEL CORP (INTC) - 0.75% |
| #20 | RYMAN HOSPITALITY PROPERTIES INC (RHP) - 0.31% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #21 | MAXLINEAR INC (MXL) - 0.31% | CISCO SYSTEMS INC (CSCO) - 0.68% |
| #22 | BRINKER INTERNATIONAL INC (EAT) - 0.31% | MASTERCARD INC CLASS A (MA) - 0.66% |
| #23 | ETSY INC (ETSY) - 0.31% | ABBVIE INC (ABBV) - 0.66% |
| #24 | EASTMAN CHEMICAL CO (EMN) - 0.30% | CATERPILLAR INC (CAT) - 0.65% |
| #25 | TERRENO REALTY CORP (TRNO) - 0.30% | LAM RESEARCH CORP (LRCX) - 0.64% |
| Total Holdings | 604 | 505 |
SAA vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
SAA
+2.00%
SPY
+0.63%
3M
Winner
SAA
+12.55%
SPY
+4.46%
6M
Winner
SAA
+23.70%
SPY
+7.67%
1Y
Winner
SAA
+51.68%
SPY
+17.68%
5Y(CAGR)
SAA
+5.09%
Winner
SPY
+12.42%
10Y(CAGR)
SAA
+11.64%
Winner
SPY
+14.84%
Max(CAGR)
Winner
SAA
+9.28%
SPY
+8.44%
SAA vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SAA | SPY |
|---|---|---|
| 2026 | +37.04% | +8.63% |
| 2025 | +0.70% | +18.00% |
| 2024 | +7.64% | +25.59% |
| 2023 | +21.78% | +26.72% |
| 2022 | -37.46% | -18.64% |
| 2021 | +55.07% | +30.52% |
| 2020 | -1.51% | +17.28% |
| 2019 | +41.10% | +31.09% |
| 2018 | -22.64% | -5.24% |
| 2017 | +22.20% | +20.78% |
| 2016 | +61.96% | +13.59% |
| 2015 | -3.21% | +1.31% |
| 2014 | +10.10% | +14.56% |
| 2013 | +83.35% | +29.00% |
| 2012 | +26.34% | +14.17% |
| 2011 | -12.50% | +0.85% |
| 2010 | +43.64% | +13.14% |
| 2009 | +34.56% | +22.67% |
| 2008 | -61.19% | -36.25% |
| 2007 | -11.08% | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
SAA vs SPY Drawdown Comparison
The maximum drawdown for SAA was -87.40%, occurring on Mar 9, 2009. Recovery took 1535 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SAA drawdown is -5.28%. The current SPY drawdown is -2.57%.
| Rank | SAA | SPY |
|---|---|---|
| #1 | -87.40% Jun 4, 2007 - Jul 9, 2013 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -74.54% Aug 31, 2018 - Feb 5, 2021 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -55.35% Nov 5, 2021 - Jun 11, 2026 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -37.45% Jun 22, 2015 - Aug 15, 2016 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -22.75% Jul 1, 2014 - Dec 24, 2014 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -19.42% Jun 8, 2021 - Nov 3, 2021 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -18.47% Mar 12, 2021 - Jun 8, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -17.00% Jan 23, 2018 - May 10, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -15.91% Feb 22, 2007 - Apr 16, 2007 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -15.05% Sep 22, 2016 - Nov 11, 2016 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -14.53% Dec 26, 2013 - Mar 4, 2014 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -14.53% Mar 18, 2014 - Jul 1, 2014 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -13.05% Jul 25, 2017 - Sep 26, 2017 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.58% Jan 4, 2017 - Apr 26, 2017 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.28% Apr 26, 2017 - Jul 19, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between SAA and SPY is 0.89 which considered as a strong positive correlation - the stocks tend to move together.
0.89
-101
Dividend Comparison (1999 - 2026)
SAA vs SPY dividend yield comparison.
| Year | SAA | SPY |
|---|---|---|
| 2026 | 0.20% | 0.50% |
| 2025 | 1.05% | 1.07% |
| 2024 | 1.36% | 1.21% |
| 2023 | 0.88% | 1.40% |
| 2022 | 0.46% | 1.65% |
| 2021 | 0.00% | 1.20% |
| 2020 | 0.03% | 1.52% |
| 2019 | 0.35% | 1.75% |
| 2018 | 0.27% | 2.04% |
| 2017 | 0.00% | 1.80% |
| 2016 | 0.14% | 2.03% |
| 2015 | 0.00% | 2.06% |
| 2014 | 0.00% | 1.87% |
| 2013 | 0.00% | 1.81% |
| 2012 | 0.05% | 2.18% |
| 2011 | 0.01% | 2.05% |
| 2010 | 0.02% | 1.80% |
| 2009 | 0.16% | 1.95% |
| 2008 | 1.00% | 3.02% |
| 2007 | 5.29% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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