SSO
ProShares Ultra S&P 500
The ProShares Ultra S&P 500 ETF provides 2x leveraged exposure to a market-cap-weighted index of 500 large- and mid-cap US companies selected by S&P.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
6.5 B
ASSETS UNDER MGMT
91 bp
EXPENSES
Fund Basics
| Fund sponsor | ProShares |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 19, 2006 |
| Assets (mns) | $6,026 |
| Expense ratio | 91 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Derivatives-based | Yes |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Asset Allocation
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 5.6% | 18.3% | 29.6% | 29.6% | 25.6% | 19.7% | -- | 13.4% |
| Dividend Yield | 0.4% | 1.0% | 1.0% | 0.8% | 0.6% | 0.6% | -- | 1.2% |
| Total Returns | 6.1% | 19.3% | 30.6% | 30.4% | 26.2% | 20.3% | -- | 14.6% | Ann. Volatility | 48.7% | 39.5% | 32.0% | 34.4% | 34.7% | 36.6% | -- | 38.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.99 | 99% |
| MSCI EAFE | 1.39 | 51% |
| MSCI Emg Mkts | 0.96 | 26% |
Liquidity Measures
| Avg. volume (000) | 1,862 |
| ADV traded (mns) | $184 |
| Turnover | 2.8% |
| Avg. Bid/Ask (% of price) | 0.02% |
Technical Indicators
| Recent close | $98.76 |
| 30d moving avg. | $94.02 |
| Annualized volatility | 32.0% |
| Relative strength (RSI) | 62 |
| Short interest | 1.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| SSO (91 bp) Percentile rank | 91 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| SSO | 91.0 | 1.8 | 92.8 |
| Peer Avg. | 49.0 | 19.8 | 68.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .