SSO
SSO is an exchange-traded fund (ETF) that seeks to provide double (2x) the daily return of the S&P 500 Index. It aims to deliver twice the daily performance of the S&P 500 Index, both on the upside and downside. This makes it a leveraged ETF, which can lead to amplified gains or losses.
Asset Summary
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Asset Performance Metrics and Risk Characteristics:
Metrics below use daily returns for Jan 1, 2026 – Oct 8, 2026 (YTD).
Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.
1 Month Trailing Return
2.73%
Represents the percentage change in asset value over the past month.
3 Month Trailing Return
7.30%
Indicates the percentage change in asset value over the last three months.
Period Max Drawdown
18.34%
The highest percentage drop from the peak value to the lowest point during the observed period.
Standard Deviation
25.96%
Shows how much the asset’s daily returns deviate from the average, annualized for the entire period.
Sharpe Ratio
1.21
Measures the average return earned in excess of the risk-free rate per unit of volatility, annualized.
Calmar Ratio
1.71
The ratio of the annualized return to the maximum drawdown, reflecting the return per unit of risk.
Asset Technical Analysis
Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. Using indicators such as moving averages, pivot levels, momentum studies, and candlestick pattern scans can clarify trend strength and volatility. The tabs below summarize moving averages, pivots, technical indicators, candlestick patterns, and recent prices for this symbol.
Analysis
Moving Averages
Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:
| Type/Period | |
|---|---|
| SMA | |
| EMA | |
| WMA | |
| WEMA |
- SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
- EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
- WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
- WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.
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Get Advanced Analysis NowFrequently Asked Questions
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SSO rebalance its portfolio daily to maintain the 2x leverage ratio relative to the S&P 500 Index. This daily rebalancing ensures the fund remains aligned with its objective of providing twice the daily return.
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SSO differs from other leveraged ETFs in that it specifically targets twice the daily return of the S&P 500 Index. Other leveraged ETFs may focus on different indices or provide varying levels of leverage, such as 3x leverage, and may have different underlying asset strategies.
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As of the latest update, SSO has an expense ratio of approximately 0.91%. This fee is charged to cover the costs associated with managing the ETF, including the cost of leveraging.
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Investors can purchase shares of SSO through a brokerage account, just like other stocks and ETFs. It is traded on the New York Stock Exchange (NYSE) under the ticker symbol "SSO."
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SSO is managed by ProShares. The fund employs leverage to attempt to achieve twice the daily return of the S&P 500 Index. This is done using financial instruments such as futures contracts and swaps. The ETF is rebalanced daily to maintain the 2x leverage ratio.
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Risks associated with SSO include leverage risk, market risk, and tracking error. Leverage can magnify both gains and losses, making the ETF more volatile. Daily rebalancing and compounding effects can cause performance deviations from the intended 2x return over longer periods.
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Yes, SSO can be held in retirement accounts such as IRAs or 401(k)s. However, investors should consider their investment goals and risk tolerance due to the leveraged nature and volatility of the fund.
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SSO distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying securities in the fund's portfolio, adjusted for the ETF's leveraged position.
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The historical performance of SSO reflects its objective to achieve twice the daily return of the S&P 500 Index. Over short periods, it closely tracks twice the daily return, but long-term performance may vary due to the effects of daily rebalancing and compounding.
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Similar ETFs to SSO include ProShares UltraPro S&P 500 ETF (UPRO), which aims to provide three times (3x) the daily return of the S&P 500 Index, and ProShares Short S&P 500 ETF (SH), which seeks to provide the inverse (opposite) of the daily performance of the S&P 500 Index.
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Disclaimers
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