ALTY vs SSO
Global X Alternative Income ETF vs ProShares Ultra S&P500
Which is better, ALTY or SSO?
SSO has been ahead.
ALTY has a lower expense ratio. SSO led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ALTY | SSO |
|---|---|---|
| Expense Ratio | 0.50%Best | 0.84% |
| AUM | $45M | $7.1B |
| Dividend Yield | 7.94% | 0.70% |
| Holdings | 67 | 522 |
| YTD Return | +2.20% | +16.07%Best |
| 1Y Return | +4.17% | +19.50%Best |
| 3Y Return (annualized) | +10.15% | +33.10%Best |
| 5Y Return (annualized) | +4.35% | +14.24%Best |
| Volatility (annualized) | 16.1%Best | 30.8% |
| Max Drawdown | -60.1% | -59.3%Best |
| $10,000 over 5 years | $12,373 | $19,458Best |
| Fund Family | Global X by mirae Asset | ProShares |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Jul 13, 2015 | Jun 19, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 14, 2015 to Nov 13, 2026 (11.3 years).
ALTY vs SSO growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
ALTY vs SSO Performance
Global X Alternative Income ETF (ALTY) is an ETF from Global X by mirae Asset and ProShares Ultra S&P500 (SSO) is an ETF from ProShares. Over the past year ALTY returned +4.17% while SSO returned +19.50%. Year to date, ALTY is up 2.20% versus a gain of 16.07% for SSO.
Over three years, ALTY compounded at +10.15% per year against +33.10% for SSO; over five years the annualized figures are +4.35% and +14.24% respectively. Across the full 11-year window we track, SSO has the edge at +20.37% annualized vs +1.35%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SSO has been the more volatile fund, with annualized monthly volatility of 30.8% compared with 16.1% for ALTY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -60.1% for ALTY and -59.3% for SSO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ALTY charges 0.50% per year while SSO charges 0.84%. On a $10,000 position that is $50 vs $84 annually, a gap of $34 per year that compounds over a long holding period. On income, ALTY currently yields 7.94% against 0.70% for SSO.
Holdings Overlap
We hold position weights for 17 holdings in ALTY and 458 in SSO, totalling 39.9% and 82.3% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
3 positions in common, counted across the 17 positions we hold weights for in ALTY and 458 in SSO, against full books of 67 and 522.
You are not choosing between two funds in isolation.
Whichever of ALTY and SSO you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ALTY or SSO?
ALTY has an expense ratio of 0.50% while SSO charges 0.84%. ALTY is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, ALTY or SSO?
Over the past year ALTY returned +4.17% vs +19.50% for SSO, so SSO leads on 1-year performance. Over the longest common window we track (11 years), ALTY annualized +1.35% vs +20.37% for SSO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ALTY or SSO?
SSO has been the more volatile fund at 30.8% annualized versus 16.1% for ALTY. Worst drawdown: ALTY -60.1% vs SSO -59.3%.
Should I hold both ALTY and SSO?
ALTY and SSO have a monthly-return correlation of 0.81, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, ALTY or SSO?
ALTY yields 7.94% while SSO yields 0.70%, so ALTY currently pays the higher dividend yield.
Is SSO better than ALTY?
ALTY has a lower expense ratio. SSO led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.