CBRG vs. SSO
CBRG (Leverage Shares 2X Long CBRS Daily ETF) and SSO (ProShares Ultra S&P500) are both Leveraged Equities funds. CBRG is actively managed, while SSO is passively managed. At a 0.02 correlation, their price movements are largely independent. CBRG charges 0.75%/yr vs 0.87%/yr for SSO.
Performance
CBRG vs. SSO - Performance Comparison
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Returns By Period
CBRG
- 1D
- 9.60%
- 1M
- -23.02%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SSO
- 1D
- -2.47%
- 1M
- 0.70%
- 6M
- 11.89%
- YTD
- 13.75%
- 1Y
- 28.98%
- 3Y*
- 30.23%
- 5Y*
- 16.52%
- 10Y*
- 22.80%
- ALL TIME*
- 15.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $50.28M | $48.53M | $34.89M | |
| $182.03M | $197.92M | $226.92M |
CBRG vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CBRG Leverage Shares 2X Long CBRS Daily ETF | -54.19% |
SSO ProShares Ultra S&P500 | 15.97% |
Correlation
The correlation between CBRG and SSO is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 6, 2026 | 0.02 |
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Return for Risk
CBRG vs. SSO — Risk / Return Rank
CBRG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SSO
CBRG vs. SSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long CBRS Daily ETF (CBRG) and ProShares Ultra S&P500 (SSO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CBRG | SSO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.60 | — |
| Martin ratioReturn relative to average drawdown | — | 6.52 | — |
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Drawdowns
CBRG vs. SSO - Drawdown Comparison
The maximum CBRG drawdown since its inception was -76.16%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for CBRG and SSO.
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Drawdown Indicators
| CBRG | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.16% | -84.67% | +8.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -18.17% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -35.21% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -59.34% | — |
Current DrawdownCurrent decline from peak | -62.42% | -6.05% | -56.37% |
Average DrawdownAverage peak-to-trough decline | -22.05% | -19.46% | -2.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.46% | — |
Volatility
CBRG vs. SSO - Volatility Comparison
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Volatility by Period
| CBRG | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.34% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.67% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 163.91% | 25.28% | +138.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 163.91% | 33.84% | +130.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 163.91% | 35.88% | +128.03% |
CBRG vs. SSO - Expense Ratio Comparison
CBRG has a 0.75% expense ratio, which is lower than SSO's 0.87% expense ratio.
Dividends
CBRG vs. SSO - Dividend Comparison
CBRG has not paid dividends to shareholders, while SSO's dividend yield for the trailing twelve months is around 0.69%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBRG Leverage Shares 2X Long CBRS Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P500 | 0.69% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
Frequently Asked Questions
CBRG and SSO have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBRG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBRG is cheaper with a 0.75% expense ratio, compared with 0.87% for SSO.
SSO has the higher dividend yield at 0.69%, compared with 0.00% for CBRG.
They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for CBRG and 0.87% for SSO.
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