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Default sumif-sumproduct

Hello everybody
Which is more advantegious sumif or sumproduct in terms of execution speed?
the following are my formulae both are giving same result.
=SUMif(SCHOOL!$J$1:$J$950,$B$1,SCHOOL!$V$1:$V$950)
=SUMPRODUCT(--(SCHOOL!$J$1:$J$950=$B$1),(SCHOOL!$V$1:$V$950))
My second question:
What is the significance of "--" in the formula? When i remove it the
formula results in error. Can it be use with other formulae?
Thanks for all
Sridhar
 
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