RTXG vs. SSO

Last updated Aug 2, 2026

RTXG (Leverage Shares 2X Long RTX Daily ETF) and SSO (ProShares Ultra S&P500) are both Leveraged Equities funds. RTXG is actively managed, while SSO is passively managed. Over the past year, RTXG returned 63.09% vs 37.35% for SSO. Their 0.19 correlation means their historical movements had little consistent relationship. RTXG charges 0.75%/yr vs 0.87%/yr for SSO.

Performance

RTXG vs. SSO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long RTX Daily ETF (RTXG) and ProShares Ultra S&P500 (SSO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RTXG achieves a 24.96% return, which is significantly higher than SSO's 16.14% return.

RTXG

• 1D: 0.90%
• 1M: 15.56%
• 6M: 5.40%
• YTD: 24.96%
• 1Y: 63.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 83.56%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RTXG Leverage Shares 2X Long RTX Daily ETF	$945.29K	$642.88K	$633.54K
SSO ProShares Ultra S&P500	$177.82M	$191.16M	$223.05M

RTXG vs. SSO - Yearly Performance Comparison

	2026 (YTD)	2025
RTXG Leverage Shares 2X Long RTX Daily ETF	24.96%	60.90%
SSO ProShares Ultra S&P500	16.14%	29.38%

Correlation

The correlation between RTXG and SSO is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.23
Correlation (All Time) Calculated using the full available price history since Jun 6, 2025	0.19

Return for Risk

RTXG vs. SSO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RTXG

RTXG Risk / Return Rank: 47
RTXG Sharpe Ratio Rank: 48
RTXG Sortino Ratio Rank: 53
RTXG Omega Ratio Rank: 50
RTXG Calmar Ratio Rank: 45
RTXG Martin Ratio Rank: 37

SSO

SSO Risk / Return Rank: 54
SSO Sharpe Ratio Rank: 54
SSO Sortino Ratio Rank: 51
SSO Omega Ratio Rank: 51
SSO Calmar Ratio Rank: 51
SSO Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RTXG vs. SSO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long RTX Daily ETF (RTXG) 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.

	RTXG	SSO	Difference
Sharpe ratio: Return per unit of total volatility	1.19	1.29	-0.10
Sortino ratio: Return per unit of downside risk	1.89	1.79	+0.10
Omega ratio: Gain probability vs. loss probability	1.23	1.23	0.00
Calmar ratio: Return relative to maximum drawdown	1.64	1.81	-0.17
Martin ratio: Return relative to average drawdown	3.79	7.25	-3.46

RTXG vs. SSO - Sharpe Ratio Comparison

The current RTXG Sharpe Ratio is 1.19, which is comparable to the SSO Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of RTXG and SSO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RTXG vs. SSO - Drawdown Comparison

The maximum RTXG drawdown since its inception was -37.49%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for RTXG and SSO.

Drawdown Indicators

	RTXG	SSO	Difference
Max Drawdown Largest peak-to-trough decline	-37.49%	-84.67%	+47.18%
Max Drawdown (1Y) Largest decline over 1 year	-37.49%	-18.17%	-19.32%
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 Drawdown Current decline from peak	-4.48%	-4.07%	-0.41%
Average Drawdown Average peak-to-trough decline	-10.35%	-19.45%	+9.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.21%	4.54%	+11.67%

Volatility

RTXG vs. SSO - Volatility Comparison

Leverage Shares 2X Long RTX Daily ETF (RTXG) has a higher volatility of 18.65% compared to ProShares Ultra S&P500 (SSO) at 7.07%. This indicates that RTXG's price experiences larger fluctuations and is considered to be riskier than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RTXG	SSO	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.65%	7.07%	+11.58%
Volatility (6M) Calculated over the trailing 6-month period	40.50%	20.14%	+20.36%
Volatility (1Y) Calculated over the trailing 1-year period	51.89%	25.63%	+26.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.21%	33.88%	+17.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.21%	35.91%	+15.30%

RTXG vs. SSO - Expense Ratio Comparison

RTXG has a 0.75% expense ratio, which is lower than SSO's 0.87% expense ratio.

Dividends

RTXG vs. SSO - Dividend Comparison

RTXG's dividend yield for the trailing twelve months is around 5.09%, more than SSO's 0.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RTXG Leverage Shares 2X Long RTX Daily ETF	5.09%	6.36%	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

Can I hold both RTXG and SSO in my portfolio?

RTXG and SSO have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RTXG or SSO?

RTXG has higher volatility (18.65%) compared to SSO (7.07%). In terms of maximum drawdown, RTXG dropped -37.49% vs SSO's -84.67%.

Which ETF is better, RTXG or SSO?

On 1-year performance, RTXG leads with 63.09% vs 37.35% for SSO. On fees, RTXG is cheaper at 0.75% per year. On volatility, SSO has been the lower-risk option at 7.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RTXG or SSO?

Over the 1-year period, RTXG has performed better with a 63.09% return vs 37.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RTXG or SSO?

RTXG is cheaper with a 0.75% expense ratio, compared with 0.87% for SSO.

Which ETF pays a higher dividend yield, RTXG or SSO?

RTXG has the higher dividend yield at 5.09%, compared with 0.67% for SSO.

What is the main difference between RTXG and SSO?

They also come from different issuers: Leverage Shares and ProShares. Their fees differ too: 0.75% for RTXG and 0.87% for SSO.

Which has better risk-adjusted returns?

SSO currently has the higher Sharpe Ratio (1.29 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.