ProShares Ultra S&P500 (SSO) belongs to the Leveraged Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SSO. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SSO
SSO charges 0.87% annually. There are 88 ETFs in the Leveraged Equities category with lower expense ratios, going as low as 0.35%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Efficient U.S. Plus International Equit... | 0.35% | 43.18M | Mar 2026 | SSO vs NTSD | |
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | 48.07M | Sep 2021 | SSO vs IFED | |
| Corgi BRKB 2x Daily ETF | 0.45% | — | Jul 2026 | SSO vs BRKL | |
| Direxion Daily S&P 500 Bull 2X ETF | 0.60% | 260.25M | May 2014 | SSO vs SPUU | |
| Leverage Shares 2X Long TER Daily ETF | 0.75% | 7.94M | Nov 2025 | SSO vs TERG |
Best Risk-Adjusted Alternatives to SSO
SSO has a PortfoliosLab risk / return rank of 54. There are 60 ETFs in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 98.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 98 | 3.86B | Oct 2024 | SSO vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 98 | 531.06M | Nov 2024 | SSO vs MULL | |
| Innovator U.S. Equity Accelerated Plus ETF | 98 | 22.69M | Apr 2021 | SSO vs XTAP | |
| GraniteShares 2x Long INTC Daily ETF | 97 | 282.58M | Feb 2025 | SSO vs INTW | |
| Innovator Growth Accelerated Plus ETF - April | 97 | 20.37M | Apr 2021 | SSO vs QTAP |
Top Performing SSO Alternatives (YTD)
SSO is at 16.14% YTD. There are 114 ETFs in the Leveraged Equities category with higher YTD returns, going as high as 615.57%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| GraniteShares 2x Long DELL Daily ETF | 615.57% | 101.24M | Feb 2025 | SSO vs DLLL | |
| Direxion Daily MU Bull 2X Shares | 372.51% | 3.86B | Oct 2024 | SSO vs MUU | |
| GraniteShares 2x Long MU Daily ETF | 359.36% | 531.06M | Nov 2024 | SSO vs MULL | |
| Direxion Daily INTC Bull 2X Shares | 259.95% | 63.06M | Nov 2025 | SSO vs LINT | |
| GraniteShares 2x Long INTC Daily ETF | 259.86% | 282.58M | Feb 2025 | SSO vs INTW |
Lowest Volatility Alternatives to SSO
SSO has 25.63% 1-year volatility. There are 23 ETFs in the Leveraged Equities category with lower 1-year volatility, going as low as 4.93%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 4.93% | 22.69M | Apr 2021 | SSO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 6.61% | 20.37M | Apr 2021 | SSO vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 7.79% | 13.42M | Jul 2021 | SSO vs XTJL | |
| Innovator US Equity Accelerated ETF | 10.98% | 69.34M | Apr 2021 | SSO vs XDSQ | |
| Innovator Growth Accelerated Plus ETF - July | 11.72% | 19.11M | Jul 2021 | SSO vs QTJL |
Lowest Drawdown Alternatives to SSO
SSO has a 1-year max drawdown of -18.17%. There are 17 ETFs in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -1.72%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -1.72% | 22.69M | Apr 2021 | SSO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -2.81% | 20.37M | Apr 2021 | SSO vs QTAP | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -5.12% | 13.42M | Jul 2021 | SSO vs XTJL | |
| Innovator Growth Accelerated Plus ETF - July | -8.48% | 19.11M | Jul 2021 | SSO vs QTJL | |
| Innovator US Equity Accelerated ETF | -9.60% | 69.34M | Apr 2021 | SSO vs XDSQ |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 11 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 36 | 23.06% | 32.83B | Feb 2010 | SSO vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 39 | 18.94% | 12.76B | Jun 2006 | SSO vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -29.42% | 1.41B | Oct 2021 | SSO vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 50 | 21.72% | 5.15B | Jun 2009 | SSO vs UPRO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 47 | 10.84% | 11.68B | Oct 2013 | SSO vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 52 | 50.25% | 2.47B | Jan 2007 | SSO vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 2 | -34.61% | 2.00B | Feb 2010 | SSO vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 44 | 10.08% | 394.37M | Mar 2024 | SSO vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -35.24% | 244.68M | Oct 2011 | SSO vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 1 | -58.54% | 337.97M | Apr 2024 | SSO vs BITU |
Often Compared With SSO
Investors most often compare SSO with SPY, VOO, SPXL. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare SSO with Any Fund or Stock
Compare SSO with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SSO with funds that move differently
ProShares Ultra S&P500 alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SSO.
Explore SSO Diversifiers