NVDB vs. SSO
NVDB (ProShares Ultra NVDA) and SSO (ProShares Ultra S&P500) are both Leveraged Equities funds from ProShares - NVDB tracks the NVIDIA Corporation while SSO tracks the S&P 500. Both are passively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. NVDB charges 0.95%/yr vs 0.87%/yr for SSO.
Performance
NVDB vs. SSO - Performance Comparison
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Returns By Period
In the year-to-date period, NVDB achieves a -1.03% return, which is significantly lower than SSO's 16.14% return.
NVDB
- 1D
- 5.52%
- 1M
- 3.80%
- 6M
- -4.26%
- YTD
- -1.03%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
SSO
- 1D
- 1.35%
- 1M
- -0.01%
- 6M
- 13.46%
- YTD
- 16.14%
- 1Y
- 37.35%
- 3Y*
- 30.77%
- 5Y*
- 17.16%
- 10Y*
- 23.19%
- ALL TIME*
- 15.64%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $471.67K | $569.36K | $937.39K | |
| $177.82M | $191.16M | $223.05M |
NVDB vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDB ProShares Ultra NVDA | -1.03% | 1.98% |
SSO ProShares Ultra S&P500 | 16.14% | 8.81% |
Correlation
The correlation between NVDB and SSO is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 10, 2025 | 0.62 |
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Return for Risk
NVDB vs. SSO — Risk / Return Rank
NVDB
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SSO
NVDB vs. SSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra NVDA (NVDB) 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.
| NVDB | SSO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.81 | — |
| Martin ratioReturn relative to average drawdown | — | 7.25 | — |
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Drawdowns
NVDB vs. SSO - Drawdown Comparison
The maximum NVDB drawdown since its inception was -42.89%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for NVDB and SSO.
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Drawdown Indicators
| NVDB | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.89% | -84.67% | +41.78% |
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 | -31.90% | -4.07% | -27.83% |
Average DrawdownAverage peak-to-trough decline | -20.44% | -19.45% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.54% | — |
Volatility
NVDB vs. SSO - Volatility Comparison
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Volatility by Period
| NVDB | SSO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.07% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.14% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 74.23% | 25.63% | +48.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.23% | 33.88% | +40.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.23% | 35.91% | +38.32% |
NVDB vs. SSO - Expense Ratio Comparison
NVDB has a 0.95% expense ratio, which is higher than SSO's 0.87% expense ratio.
Dividends
NVDB vs. SSO - Dividend Comparison
NVDB's dividend yield for the trailing twelve months is around 1.63%, more than SSO's 0.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDB ProShares Ultra NVDA | 1.63% | 0.55% | 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 | 0.67% | 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
NVDB and SSO have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSO is cheaper at 0.87% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSO is cheaper with a 0.87% expense ratio, compared with 0.95% for NVDB.
NVDB has the higher dividend yield at 1.63%, compared with 0.67% for SSO.
NVDB tracks NVIDIA Corporation, while SSO tracks S&P 500. Their fees differ too: 0.95% for NVDB and 0.87% for SSO.
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