SAA vs SQLV

Comparison between PROSHARES ULTRA SMALLCAP600 (SAA, ETF) and ROYCE QUANT SMALL-CAP QUALITY VALUE ETF (SQLV, ETF).

5-Year PerformanceSQLV has outperformed SAA, delivering a return of +6.8% compared to +2.4%

SAA vs SQLV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SAA(ETF)	SQLV(ETF)
Net Assets	$27M	$27M
Expense Ratio	N/A	0.60%
Max Drawdown	88.08%	49.78%
Sharpe Ratio	1.44	1.28
5Y Beta	2.09	0.93
P/E Ratio	38.02	19.34
Forward P/E	14.94	12.23
5Y Dividends CAGR	117.49%	9.55%
5Y EPS CAGR	N/A	9.46%
Debt to Equity	65.02%	19.30%
P/S Ratio	1.13	0.92
P/B Ratio	2.00	1.77

Net Assets

SAA

$27M

SQLV

$27M

Expense Ratio

SAA

N/A

SQLV

0.60%

Max Drawdown

SAA

88.08%

Winner

SQLV

49.78%

Sharpe Ratio

Winner

SAA

1.44

SQLV

1.28

5Y Beta

SAA

2.09

Winner

SQLV

0.93

P/E Ratio

SAA

38.02

Winner

SQLV

19.34

Forward P/E

SAA

14.94

Winner

SQLV

12.23

5Y Dividends CAGR

Winner

SAA

117.49%

SQLV

9.55%

5Y EPS CAGR

SAA

N/A

SQLV

9.46%

Debt to Equity

SAA

65.02%

Winner

SQLV

19.30%

P/S Ratio

SAA

1.13

Winner

SQLV

0.92

P/B Ratio

SAA

2.00

Winner

SQLV

1.77

SAA vs SQLV - Holdings Comparison

SAA and SQLV have 127 common holdings. Overlap is 11.59%

SAA's top 25 holdings weight is 33.52%. SQLV's top 25 holdings weight is 17.60%.

Rank	SAA	SQLV
#1	CTE PROSHARES TRUST M (n/a) - 11.92%	PENGUIN SOLUTIONS INC (PENG) - 1.02%
#2	S&P SMALLCAP 600 INDEX SWAP (n/a) - 10.29%	IRIDIUM COMMUNICATIONS INC (IRDM) - 1.01%
#3	CASH (n/a) - 3.33%	VICTORY CAPITAL HOLDINGS INC CLASS A (VCTR) - 0.98%
#4	SEMTECH CORP (SMTC) - 0.63%	ENPHASE ENERGY INC (ENPH) - 0.81%
#5	SANMINA CORP (SANM) - 0.57%	OSCAR HEALTH INC CLASS A (OSCR) - 0.78%
#6	VIAVI SOLUTIONS INC (VIAV) - 0.46%	FEDERATED HERMES INC CLASS B (FHI) - 0.77%
#7	MOLINA HEALTHCARE INC (MOH) - 0.45%	SM ENERGY CO (SM) - 0.76%
#8	ELEMENT SOLUTIONS INC (ESI) - 0.41%	NWPX INFRASTRUCTURE INC (NWPX) - 0.74%
#9	FORMFACTOR INC (FORM) - 0.40%	CRESCENT ENERGY CO CLASS A (CRGY) - 0.69%
#10	BRIGHTSPRING HEALTH SERVICES INC (BTSG) - 0.38%	CORCEPT THERAPEUTICS INC (CORT) - 0.69%
#11	VIASAT INC (VSAT) - 0.37%	CABOT CORP (CBT) - 0.69%
#12	STONEX GROUP INC (SNEX) - 0.37%	INTERNATIONAL BANCSHARES CORP (IBOC) - 0.68%
#13	ARGAN INC (AGX) - 0.37%	H&R BLOCK INC (HRB) - 0.67%
#14	EASTMAN CHEMICAL CO (EMN) - 0.36%	BENCHMARK ELECTRONICS INC (BHE) - 0.67%
#15	QORVO INC (QRVO) - 0.36%	n/a (DXC) - 0.65%
#16	KRYSTAL BIOTECH INC (KRYS) - 0.35%	AVANOS MEDICAL INC (AVNS) - 0.65%
#17	POWELL INDUSTRIES INC (POWL) - 0.35%	STRIDE INC (LRN) - 0.64%
#18	MATCH GROUP INC ORDINARY SHARES NEW (MTCH) - 0.35%	KOHL'S CORP (KSS) - 0.62%
#19	FIRST BANCORP (FBP) - 0.28%	MONARCH CASINO & RESORT INC (MCRI) - 0.61%
#20	GRANITE CONSTRUCTION INC (GVA) - 0.26%	A10 NETWORKS INC (ATEN) - 0.61%
#21	CAESARS ENTERTAINMENT INC (CZR) - 0.26%	LCI INDUSTRIES INC (LCII) - 0.59%
#22	MAXLINEAR INC (MXL) - 0.25%	BATH & BODY WORKS INC (BBWI) - 0.57%
#23	TG THERAPEUTICS INC (TGTX) - 0.25%	FRESH DEL MONTE PRODUCE INC (FDP) - 0.57%
#24	NOBLE CORP PLC CLASS A (NE) - 0.25%	CATHAY GENERAL BANCORP (CATY) - 0.57%
#25	MERCURY SYSTEMS INC (MRCY) - 0.25%	PHINIA INC (PHIN) - 0.56%
Total Holdings	564	309

SAA vs SQLV - Historical Returns

Returns include dividend reinvestment.

Period	SAA	SQLV
1 month	+11.04%	+6.53%
3 months	+35.63%	+16.78%
6 months	+30.47%	+14.58%
1 year	+65.40%	+28.45%
5 years(CAGR)	+2.37%	+6.77%
10 years(CAGR)	+12.47%	+9.42%
Max(CAGR)	+9.26%	+9.42%

Winner

SAA

+11.04%

SQLV

+6.53%

Winner

SAA

+35.63%

SQLV

+16.78%

Winner

SAA

+30.47%

SQLV

+14.58%

Winner

SAA

+65.40%

SQLV

+28.45%

5Y(CAGR)

SAA

+2.37%

Winner

SQLV

+6.77%

10Y(CAGR)

Winner

SAA

+12.47%

SQLV

+9.42%

Max(CAGR)

SAA

+9.26%

Winner

SQLV

+9.42%

SAA vs SQLV - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	SAA	SQLV
2026	+35.30%	+17.85%
2025	+0.70%	+2.93%
2024	+7.64%	+5.13%
2023	+21.78%	+20.86%
2022	-37.46%	-13.66%
2021	+55.07%	+37.16%
2020	-1.51%	+7.04%
2019	+41.10%	+17.16%
2018	-22.64%	-10.70%
2017	+22.20%	+8.51%
2016	+61.96%	N/A
2015	-3.21%	N/A
2014	+10.10%	N/A
2013	+83.35%	N/A
2012	+26.34%	N/A
2011	-12.50%	N/A
2010	+43.64%	N/A
2009	+34.56%	N/A
2008	-61.19%	N/A
2007	-11.08%	N/A

SAA vs SQLV Drawdown Comparison

The maximum drawdown for SAA was -87.40%, occurring on Mar 9, 2009. Recovery took 1535 trading sessions.

The maximum drawdown for SQLV was -48.31%, occurring on Mar 18, 2020. Recovery took 590 trading sessions.

Rank	SAA	SQLV
#1	-87.40% Jun 4, 2007 - Jul 9, 2013	-48.31% Aug 21, 2018 - Dec 23, 2020
#2	-74.54% Aug 31, 2018 - Feb 5, 2021	-26.87% Dec 2, 2024 - Jan 15, 2026
#3	-55.35% Nov 5, 2021 - Jun 11, 2026	-23.81% Nov 11, 2021 - Dec 19, 2023
#4	-37.45% Jun 22, 2015 - Aug 15, 2016	-9.86% Jul 31, 2024 - Nov 6, 2024
#5	-22.75% Jul 1, 2014 - Dec 24, 2014	-8.60% Dec 26, 2023 - Jul 16, 2024
#6	-19.42% Jun 8, 2021 - Nov 3, 2021	-8.53% Jul 20, 2017 - Sep 28, 2017
#7	-18.47% Mar 12, 2021 - Jun 8, 2021	-8.08% Mar 12, 2021 - May 14, 2021
#8	-17.00% Jan 23, 2018 - May 10, 2018	-8.00% Jan 19, 2018 - Apr 17, 2018
#9	-15.91% Feb 22, 2007 - Apr 16, 2007	-7.70% Feb 6, 2026 - Apr 14, 2026
#10	-15.05% Sep 22, 2016 - Nov 11, 2016	-7.37% Jun 8, 2021 - Sep 27, 2021
#11	-14.53% Dec 26, 2013 - Mar 4, 2014	-4.94% Nov 11, 2024 - Nov 25, 2024
#12	-14.53% Mar 18, 2014 - Jul 1, 2014	-4.59% Jan 25, 2021 - Feb 8, 2021
#13	-13.05% Jul 25, 2017 - Sep 26, 2017	-3.86% May 8, 2026 - May 26, 2026
#14	-10.58% Jan 4, 2017 - Apr 26, 2017	-3.27% Jan 22, 2026 - Feb 6, 2026
#15	-10.28% Apr 26, 2017 - Jul 19, 2017	-2.92% Sep 27, 2021 - Oct 14, 2021

Correlation

Correlation between SAA and SQLV is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2007 - 2026)

SAA vs SQLV dividend yield comparison.

Year	SAA	SQLV
2026	0.11%	0.23%
2025	1.05%	1.15%
2024	1.36%	1.11%
2023	0.88%	1.09%
2022	0.46%	1.24%
2021	0.00%	1.12%
2020	0.03%	1.22%
2019	0.35%	1.20%
2018	0.27%	1.08%
2017	0.00%	0.40%
2016	0.14%	0.00%
2012	0.05%	0.00%
2011	0.01%	0.00%
2010	0.02%	0.00%
2009	0.16%	0.00%
2008	1.00%	0.00%
2007	5.29%	0.00%