ProShares Ultra S&P500 (SSO) Alternatives
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 funds that fit a different role in your portfolio.
Cheapest Alternatives to SSO
SSO charges 0.87% annually. Among ETFs in the Leveraged Equities category, these options have the lowest expense ratios among SSO alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| ETRACS IFED Invest with the Fed TR Index ETN | 0.45% | Sep 14, 2021 | SSO vs IFED | |
| Direxion Daily S&P 500 Bull 2x Shares | 0.64% | May 28, 2014 | SSO vs SPUU | |
| Leverage Shares 2X Long HOOD Daily ETF | 0.75% | Mar 20, 2025 | SSO vs HOOG | |
| Leverage Shares 2X Long TSM Daily ETF | 0.75% | Jan 14, 2025 | SSO vs TSMG | |
| Volatility Shares One+One Nasdaq-100® and Bitcoin ... | 0.75% | Feb 18, 2025 | SSO vs OOQB |
Best Risk-Adjusted Alternatives to SSO
Among ETFs in the Leveraged Equities category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | 98 | Oct 9, 2024 | SSO vs MUU | |
| Direxion Daily South Korea Bull 3X Shares | 98 | Apr 10, 2013 | SSO vs KORU | |
| GraniteShares 2x Long MU Daily ETF | 98 | Nov 11, 2024 | SSO vs MULL | |
| Direxion Daily GOOGL Bull 2X Shares | 96 | Sep 6, 2022 | SSO vs GGLL | |
| Leverage Shares 2X Long TSM Daily ETF | 95 | Jan 14, 2025 | SSO vs TSMG |
Top Performing SSO Alternatives (YTD)
SSO alternatives from the Leveraged Equities category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| MicroSectors U.S. Big Oil Index 3X Leveraged ETN | 139.49% | Apr 9, 2019 | SSO vs NRGU | |
| Leverage Shares 2X Long TER Daily ETF | 124.98% | Nov 17, 2025 | SSO vs TERG | |
| MicroSectors Energy 3X Leveraged ETN | 113.23% | Feb 16, 2023 | SSO vs WTIU | |
| Direxion Daily S&P Oil & Gas Exploration & Product... | 87.03% | Apr 1, 2020 | SSO vs GUSH | |
| Leverage Shares 2X Long ARM Daily ETF | 78.95% | Jan 14, 2025 | SSO vs ARMG |
Lowest Volatility Alternatives to SSO
SSO alternatives from the Leveraged Equities category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | 14.34% | Apr 1, 2021 | SSO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | 16.38% | Apr 1, 2021 | SSO vs QTAP | |
| Roundhill BRKB WeeklyPay ETF | 17.90% | Jun 17, 2025 | SSO vs BRKW | |
| Innovator US Equity Accelerated ETF | 17.99% | Apr 1, 2021 | SSO vs XDSQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | 18.18% | Jul 1, 2021 | SSO vs XTJL |
Lowest Drawdown Alternatives to SSO
SSO alternatives from the Leveraged Equities category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| Innovator U.S. Equity Accelerated Plus ETF | -11.83% | Apr 1, 2021 | SSO vs XTAP | |
| Innovator Growth Accelerated Plus ETF - April | -12.04% | Apr 1, 2021 | SSO vs QTAP | |
| Innovator US Equity Accelerated ETF | -12.18% | Apr 1, 2021 | SSO vs XDSQ | |
| Innovator Growth Accelerated ETF - Quarterly | -12.64% | Apr 1, 2021 | SSO vs XDQQ | |
| Innovator U.S. Equity Accelerated Plus ETF - July | -13.81% | Jul 1, 2021 | SSO vs XTJL |
Other ETFs from ProShares
Most popular ProShares ETFs on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities, Leveraged | 47 | -17.87% | Feb 9, 2010 | SSO vs TQQQ | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency, Actively Managed | 5 | -22.79% | Oct 19, 2021 | SSO vs BITO | |
| ProShares Ultra QQQ | Leveraged Equities, Leveraged | 53 | -11.23% | Jun 21, 2006 | SSO vs QLD | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 40 | -14.14% | Jun 23, 2009 | SSO vs UPRO | |
| ProShares S&P 500 Dividend Aristocrats ETF | S&P 500, Dividend | 23 | 2.32% | Oct 9, 2013 | SSO vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 89 | -4.90% | Jan 30, 2007 | SSO vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Leveraged | 2 | 13.99% | Feb 9, 2010 | SSO vs SQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Leveraged, Volatility | 5 | 40.61% | Oct 3, 2011 | SSO vs UVXY | |
| Proshares Ultra Bitcoin ETF | Cryptocurrency, Leveraged Cryptocurrency | 3 | -46.65% | Apr 1, 2024 | SSO vs BITU | |
| ProShares Ultra Bloomberg Natural Gas | Leveraged Commodities, Leveraged | 2 | -33.36% | Oct 4, 2011 | SSO vs BOIL |
Often Compared With SSO
What investors most often compare with SSO, 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.