Asset Allocation
| Position | Category/Sector | Target Weight |
|---|---|---|
QLD ProShares Ultra QQQ | Leveraged Equities, Leveraged | 50% |
SSO ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 50% |
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in 2x Leveraged ETF Portfolio. SSO, QLD, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
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The earliest data available for this chart is Jun 21, 2006, corresponding to the inception date of SSO
Returns By Period
As of Apr 4, 2026, the 2x Leveraged ETF Portfolio. SSO, QLD returned -9.89% Year-To-Date and 26.02% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -4.18% | -3.84% | -1.98% | 21.98% | 16.86% | 10.37% | 12.29% |
Portfolio 2x Leveraged ETF Portfolio. SSO, QLD | 0.17% | -8.66% | -9.89% | -7.89% | 46.41% | 32.95% | 16.29% | 26.02% |
| Portfolio components: | ||||||||
SSO ProShares Ultra S&P500 | 0.17% | -8.57% | -8.75% | -6.34% | 39.35% | 28.66% | 15.72% | 21.33% |
QLD ProShares Ultra QQQ | 0.18% | -8.79% | -11.07% | -9.48% | 53.35% | 36.81% | 15.87% | 29.84% |
Monthly Returns
Based on dividend-adjusted daily data since Jun 22, 2006, 2x Leveraged ETF Portfolio. SSO, QLD's average daily return is +0.10%, while the average monthly return is +1.94%. At this rate, your investment would double in approximately 3.0 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2020 with a return of +27.9%, while the worst month was Oct 2008 at -33.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, 2x Leveraged ETF Portfolio. SSO, QLD closed higher 56% of trading days. The best single day was Oct 13, 2008 with a return of +23.6%, while the worst single day was Mar 16, 2020 at -23.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.11% | -3.67% | -10.31% | 2.14% | -9.89% | ||||||||
| 2025 | 4.11% | -4.54% | -13.58% | -2.24% | 15.27% | 11.28% | 4.18% | 2.36% | 8.57% | 6.54% | -2.10% | -1.16% | 28.53% |
| 2024 | 2.69% | 9.96% | 3.87% | -8.95% | 10.97% | 9.38% | -1.38% | 2.54% | 3.99% | -2.45% | 10.83% | -2.68% | 43.41% |
| 2023 | 16.72% | -3.61% | 13.06% | 1.45% | 7.70% | 12.43% | 6.66% | -4.00% | -10.03% | -4.97% | 20.03% | 9.74% | 80.18% |
| 2022 | -13.89% | -7.85% | 7.45% | -21.72% | -2.52% | -17.48% | 22.14% | -9.80% | -19.67% | 11.18% | 9.95% | -14.80% | -50.51% |
| 2021 | -1.04% | 2.25% | 5.76% | 11.23% | -0.90% | 8.55% | 5.11% | 7.16% | -10.43% | 15.23% | 1.00% | 5.08% | 58.01% |
Benchmark Metrics
2x Leveraged ETF Portfolio. SSO, QLD has an annualized alpha of 5.24%, beta of 2.01, and R² of 0.95 versus S&P 500 Index. Calculated based on daily prices since June 22, 2006.
- This portfolio captured 272.76% of S&P 500 Index gains and 169.94% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- This portfolio generated an annualized alpha of 5.24% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
- Beta of 2.01 means this portfolio moves significantly more than S&P 500 Index — expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 5.24%
- Beta
- 2.01
- R²
- 0.95
- Upside Capture
- 272.76%
- Downside Capture
- 169.94%
Expense Ratio
2x Leveraged ETF Portfolio. SSO, QLD has an expense ratio of 0.91%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Return for Risk
Risk / Return Rank
2x Leveraged ETF Portfolio. SSO, QLD ranks 22 for risk / return — below 22% of portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.88 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.34 | 1.37 | -0.03 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 1.39 | +0.02 |
Martin ratioReturn relative to average drawdown | 5.25 | 6.43 | -1.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
SSO ProShares Ultra S&P500 | 39 | 0.72 | 1.22 | 1.18 | 1.19 | 5.03 |
QLD ProShares Ultra QQQ | 45 | 0.83 | 1.42 | 1.20 | 1.55 | 4.97 |
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Dividends
Dividend yield
2x Leveraged ETF Portfolio. SSO, QLD provided a 0.50% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 0.50% | 0.42% | 0.55% | 0.26% | 0.41% | 0.09% | 0.10% | 0.31% | 0.41% | 0.20% | 0.36% | 0.37% |
| Portfolio components: | ||||||||||||
SSO ProShares Ultra S&P500 | 0.81% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the 2x Leveraged ETF Portfolio. SSO, QLD. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the 2x Leveraged ETF Portfolio. SSO, QLD was 83.43%, occurring on Mar 9, 2009. Recovery took 1045 trading sessions.
The current 2x Leveraged ETF Portfolio. SSO, QLD drawdown is 14.44%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -83.43% | Nov 1, 2007 | 339 | Mar 9, 2009 | 1045 | May 2, 2013 | 1384 |
| -55.18% | Feb 20, 2020 | 23 | Mar 23, 2020 | 92 | Aug 3, 2020 | 115 |
| -54.78% | Dec 28, 2021 | 202 | Oct 14, 2022 | 345 | Mar 1, 2024 | 547 |
| -39.17% | Oct 2, 2018 | 58 | Dec 24, 2018 | 131 | Jul 3, 2019 | 189 |
| -38.53% | Feb 20, 2025 | 34 | Apr 8, 2025 | 59 | Jul 3, 2025 | 93 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 2 assets, with an effective number of assets of 2.00, reflecting the diversification based on asset allocation. This number of effective assets suggests a highly concentrated portfolio, where a few assets dominate the allocation, potentially increasing the portfolio's risk due to lack of diversification.
Asset Correlations Table
| Benchmark | QLD | SSO | Portfolio | |
|---|---|---|---|---|
| Benchmark | 1.00 | 0.89 | 0.99 | 0.96 |
| QLD | 0.89 | 1.00 | 0.89 | 0.98 |
| SSO | 0.99 | 0.89 | 1.00 | 0.97 |
| Portfolio | 0.96 | 0.98 | 0.97 | 1.00 |