FLVCX vs. SSO
Compare and contrast key facts about Fidelity Leveraged Company Stock Fund (FLVCX) and ProShares Ultra S&P500 (SSO).
FLVCX is managed by Fidelity. It was launched on Dec 19, 2000. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500. It was launched on Jun 19, 2006.
Performance
FLVCX vs. SSO - Performance Comparison
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FLVCX vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FLVCX Fidelity Leveraged Company Stock Fund | -7.01% | 20.34% | 26.95% | 26.10% | -22.99% | 26.08% | 26.74% | 35.60% | -16.43% | 20.92% |
SSO ProShares Ultra S&P500 | -10.23% | 26.19% | 43.48% | 46.65% | -38.98% | 60.57% | 21.54% | 63.45% | -14.60% | 44.35% |
Returns By Period
In the year-to-date period, FLVCX achieves a -7.01% return, which is significantly higher than SSO's -10.23% return. Over the past 10 years, FLVCX has underperformed SSO with an annualized return of 12.73%, while SSO has yielded a comparatively higher 21.06% annualized return.
FLVCX
- 1D
- -2.55%
- 1M
- -11.46%
- YTD
- -7.01%
- 6M
- -6.89%
- 1Y
- 25.63%
- 3Y*
- 18.63%
- 5Y*
- 9.69%
- 10Y*
- 12.73%
SSO
- 1D
- 5.75%
- 1M
- -10.37%
- YTD
- -10.23%
- 6M
- -7.08%
- 1Y
- 26.35%
- 3Y*
- 28.27%
- 5Y*
- 15.34%
- 10Y*
- 21.06%
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FLVCX vs. SSO - Expense Ratio Comparison
FLVCX has a 0.74% expense ratio, which is lower than SSO's 0.87% expense ratio.
Return for Risk
FLVCX vs. SSO — Risk / Return Rank
FLVCX
SSO
FLVCX vs. SSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Leveraged Company Stock Fund (FLVCX) 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.
| FLVCX | SSO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.73 | +0.22 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.23 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.19 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.20 | +0.33 |
Martin ratioReturn relative to average drawdown | 5.56 | 5.18 | +0.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FLVCX | SSO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.73 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.46 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.59 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.38 | +0.12 |
Correlation
The correlation between FLVCX and SSO is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FLVCX vs. SSO - Dividend Comparison
FLVCX's dividend yield for the trailing twelve months is around 5.08%, more than SSO's 0.82% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLVCX Fidelity Leveraged Company Stock Fund | 5.08% | 4.72% | 14.53% | 12.19% | 18.49% | 8.40% | 0.11% | 0.10% | 19.91% | 18.96% | 27.48% | 6.18% |
SSO ProShares Ultra S&P500 | 0.82% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
Drawdowns
FLVCX vs. SSO - Drawdown Comparison
The maximum FLVCX drawdown since its inception was -70.02%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for FLVCX and SSO.
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Drawdown Indicators
| FLVCX | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.02% | -84.67% | +14.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.31% | -23.17% | +8.86% |
Max Drawdown (5Y)Largest decline over 5 years | -28.54% | -46.73% | +18.19% |
Max Drawdown (10Y)Largest decline over 10 years | -44.14% | -59.34% | +15.20% |
Current DrawdownCurrent decline from peak | -13.06% | -13.46% | +0.40% |
Average DrawdownAverage peak-to-trough decline | -11.06% | -19.72% | +8.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 5.38% | -1.43% |
Volatility
FLVCX vs. SSO - Volatility Comparison
The current volatility for Fidelity Leveraged Company Stock Fund (FLVCX) is 8.24%, while ProShares Ultra S&P500 (SSO) has a volatility of 10.60%. This indicates that FLVCX experiences smaller price fluctuations and is considered to be less risky than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FLVCX | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 10.60% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 18.95% | -2.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.02% | 36.45% | -9.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.51% | 33.66% | -11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.22% | 35.86% | -12.64% |