SSO vs SPY
Comparison between PROSHARES ULTRA S&P500 (SSO, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSSO has outperformed SPY, delivering a return of +18.8% compared to +13.2%
SSO vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
SSO
$8.40B
Winner
SPY
$784B
Expense Ratio
SSO
N/A
SPY
0.09%
Max Drawdown
SSO
85.48%
Winner
SPY
56.47%
Sharpe Ratio
SSO
1.47
Winner
SPY
1.54
5Y Beta
SSO
1.94
Winner
SPY
1.00
P/E Ratio
SSO
27.72
Winner
SPY
27.62
Forward P/E
SSO
21.18
Winner
SPY
21.11
5Y Dividends CAGR
Winner
SSO
51.80%
SPY
6.00%
5Y EPS CAGR
SSO
N/A
SPY
25.30%
Debt to Equity
Winner
SSO
25.16%
SPY
31.11%
P/S Ratio
SSO
3.55
Winner
SPY
3.49
P/B Ratio
SSO
5.47
Winner
SPY
5.30
SSO vs SPY - Holdings Comparison
SSO and SPY have 469 common holdings. Overlap is 52.24%
SSO's top 25 holdings weight is 54.06%. SPY's top 25 holdings weight is 51.24%.
| Rank | SSO | SPY |
|---|---|---|
| #1 | PROSHARES GENIUS MONEY MARKET ETF (IQMM) - 17.01% | NVIDIA CORP (NVDA) - 7.81% |
| #2 | NVIDIA CORP (NVDA) - 5.13% | APPLE INC (AAPL) - 6.81% |
| #3 | APPLE INC (AAPL) - 4.47% | MICROSOFT CORP (MSFT) - 4.53% |
| #4 | S&P 500 INDEX SWAP (n/a) - 3.84% | AMAZON.COM INC (AMZN) - 3.72% |
| #5 | MICROSOFT CORP (MSFT) - 2.98% | ALPHABET INC CLASS A (GOOGL) - 3.39% |
| #6 | AMAZON.COM INC (AMZN) - 2.45% | BROADCOM INC (AVGO) - 2.77% |
| #7 | ALPHABET INC CLASS A (GOOGL) - 2.23% | ALPHABET INC CLASS C (GOOG) - 2.72% |
| #8 | SPDR S&P 500 (SPY) SWAP (n/a) - 2.04% | META PLATFORMS INC CLASS A (META) - 2.03% |
| #9 | BROADCOM INC (AVGO) - 1.82% | MICRON TECHNOLOGY INC (MU) - 1.78% |
| #10 | ALPHABET INC CLASS C (GOOG) - 1.78% | TESLA INC (TSLA) - 1.76% |
| #11 | CTE PROSHARES TRUST M (n/a) - 1.49% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.41% |
| #12 | META PLATFORMS INC CLASS A (META) - 1.33% | JPMORGAN CHASE & CO (JPM) - 1.38% |
| #13 | MICRON TECHNOLOGY INC (MU) - 1.17% | ELI LILLY AND CO (LLY) - 1.38% |
| #14 | TESLA INC (TSLA) - 1.16% | ADVANCED MICRO DEVICES INC (AMD) - 1.28% |
| #15 | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 0.92% | EXXON MOBIL CORP (XOM) - 0.92% |
| #16 | JPMORGAN CHASE & CO (JPM) - 0.91% | JOHNSON & JOHNSON (JNJ) - 0.88% |
| #17 | ELI LILLY AND CO (LLY) - 0.90% | VISA INC CLASS A (V) - 0.87% |
| #18 | ADVANCED MICRO DEVICES INC (AMD) - 0.84% | INTEL CORP (INTC) - 0.85% |
| #19 | E-MINI S&P 500 FUTURE SEPT 26 (n/a) - 0.25% | WALMART INC (WMT) - 0.82% |
| #20 | SEAGATE TECHNOLOGY HOLDINGS PLC (STX) - 0.23% | CISCO SYSTEMS INC (CSCO) - 0.73% |
| #21 | QUALCOMM INC (QCOM) - 0.23% | LAM RESEARCH CORP (LRCX) - 0.71% |
| #22 | PALO ALTO NETWORKS INC (PANW) - 0.23% | APPLIED MATERIALS INC (AMAT) - 0.70% |
| #23 | WESTERN DIGITAL CORP (WDC) - 0.23% | CATERPILLAR INC (CAT) - 0.68% |
| #24 | MCDONALD'S CORP (MCD) - 0.21% | COSTCO WHOLESALE CORP (COST) - 0.68% |
| #25 | ANALOG DEVICES INC (ADI) - 0.21% | MASTERCARD INC CLASS A (MA) - 0.63% |
| Total Holdings | 475 | 505 |
SSO vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
SSO
-3.30%
Winner
SPY
-1.37%
3M
Winner
SSO
+23.53%
SPY
+12.22%
6M
Winner
SSO
+10.85%
SPY
+7.20%
1Y
Winner
SSO
+42.82%
SPY
+23.58%
5Y(CAGR)
Winner
SSO
+18.77%
SPY
+13.19%
10Y(CAGR)
Winner
SSO
+25.57%
SPY
+15.12%
Max(CAGR)
Winner
SSO
+28.35%
SPY
+8.44%
SSO vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | SSO | SPY |
|---|---|---|
| 2026 | +12.60% | +7.95% |
| 2025 | +27.60% | +18.00% |
| 2024 | +46.52% | +25.59% |
| 2023 | +48.27% | +26.72% |
| 2022 | -39.40% | -18.64% |
| 2021 | +66.12% | +30.52% |
| 2020 | +21.74% | +17.28% |
| 2019 | +69.98% | +31.09% |
| 2018 | -11.83% | -5.24% |
| 2017 | +46.66% | +20.78% |
| 2016 | +30.18% | +13.59% |
| 2015 | +4.81% | +1.31% |
| 2014 | +34.56% | +14.56% |
| 2013 | +70.17% | +29.00% |
| 2012 | +41.43% | +14.17% |
| 2011 | +3.35% | +0.85% |
| 2010 | +40.93% | +13.14% |
| 2009 | +64.09% | +22.67% |
| 2008 | -61.77% | -36.25% |
| 2007 | +88.30% | +5.32% |
| 2006 | +105.02% | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
SSO vs SPY Drawdown Comparison
The maximum drawdown for SSO was -80.18%, occurring on Mar 9, 2009. Recovery took 787 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current SSO drawdown is -6.70%. The current SPY drawdown is -3.18%.
| Rank | SSO | SPY |
|---|---|---|
| #1 | -80.18% Dec 24, 2007 - Feb 8, 2011 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -59.34% Feb 19, 2020 - Sep 1, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -46.70% Jan 3, 2022 - Feb 22, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -36.31% Oct 3, 2018 - Apr 23, 2019 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -35.09% Feb 19, 2025 - Jul 3, 2025 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -33.55% Jul 7, 2011 - Feb 9, 2012 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -24.87% Jul 20, 2015 - Apr 18, 2016 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -19.69% Oct 9, 2007 - Dec 20, 2007 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -19.55% Jan 26, 2018 - Aug 7, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -18.81% Apr 2, 2012 - Aug 15, 2012 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -18.40% Sep 2, 2020 - Nov 16, 2020 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -18.17% Jan 12, 2026 - Apr 16, 2026 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -18.05% Jul 13, 2007 - Oct 1, 2007 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -16.70% Jul 16, 2024 - Sep 19, 2024 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -14.21% Oct 4, 2012 - Jan 2, 2013 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between SSO and SPY is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.
0.99
-101
Dividend Comparison (1999 - 2026)
SSO vs SPY dividend yield comparison.
| Year | SSO | SPY |
|---|---|---|
| 2026 | 0.17% | 0.50% |
| 2025 | 1.16% | 1.07% |
| 2024 | 1.70% | 1.21% |
| 2023 | 0.36% | 1.40% |
| 2022 | 1.00% | 1.65% |
| 2021 | 0.70% | 1.20% |
| 2020 | 1.23% | 1.52% |
| 2019 | 4.00% | 1.75% |
| 2018 | 6.01% | 2.04% |
| 2017 | 3.08% | 1.80% |
| 2016 | 4.04% | 2.03% |
| 2015 | 6.58% | 2.06% |
| 2014 | 5.20% | 1.87% |
| 2013 | 4.14% | 1.81% |
| 2012 | 11.26% | 2.18% |
| 2011 | 8.93% | 2.05% |
| 2010 | 12.47% | 1.80% |
| 2009 | 12.24% | 1.95% |
| 2008 | 34.16% | 3.02% |
| 2007 | 85.34% | 1.85% |
| 2006 | 70.40% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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