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SPUU vs. SSO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between SPUU and SSO is 0.97, 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.


-0.50.00.51.0
Correlation: 1.0

Performance

SPUU vs. SSO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily S&P 500 Bull 2x Shares (SPUU) and ProShares Ultra S&P 500 (SSO). The values are adjusted to include any dividend payments, if applicable.

400.00%450.00%500.00%550.00%600.00%650.00%NovemberDecember2025FebruaryMarchApril
497.56%
494.32%
SPUU
SSO

Key characteristics

Sharpe Ratio

SPUU:

0.30

SSO:

0.28

Sortino Ratio

SPUU:

0.68

SSO:

0.65

Omega Ratio

SPUU:

1.10

SSO:

1.10

Calmar Ratio

SPUU:

0.33

SSO:

0.31

Martin Ratio

SPUU:

1.27

SSO:

1.18

Ulcer Index

SPUU:

9.12%

SSO:

9.13%

Daily Std Dev

SPUU:

38.15%

SSO:

38.50%

Max Drawdown

SPUU:

-59.35%

SSO:

-84.67%

Current Drawdown

SPUU:

-22.65%

SSO:

-22.77%

Returns By Period

The year-to-date returns for both stocks are quite close, with SPUU having a -16.22% return and SSO slightly lower at -16.34%. Both investments have delivered pretty close results over the past 10 years, with SPUU having a 17.47% annualized return and SSO not far behind at 17.09%.


SPUU

YTD

-16.22%

1M

-11.91%

6M

-14.82%

1Y

8.79%

5Y*

25.07%

10Y*

17.47%

SSO

YTD

-16.34%

1M

-12.00%

6M

-15.08%

1Y

8.31%

5Y*

24.48%

10Y*

17.09%

*Annualized

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SPUU vs. SSO - Expense Ratio Comparison

SPUU has a 0.64% expense ratio, which is lower than SSO's 0.90% expense ratio.


Expense ratio chart for SSO: current value is 0.90%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SSO: 0.90%
Expense ratio chart for SPUU: current value is 0.64%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
SPUU: 0.64%

Risk-Adjusted Performance

SPUU vs. SSO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPUU
The Risk-Adjusted Performance Rank of SPUU is 5050
Overall Rank
The Sharpe Ratio Rank of SPUU is 4646
Sharpe Ratio Rank
The Sortino Ratio Rank of SPUU is 5252
Sortino Ratio Rank
The Omega Ratio Rank of SPUU is 5454
Omega Ratio Rank
The Calmar Ratio Rank of SPUU is 5151
Calmar Ratio Rank
The Martin Ratio Rank of SPUU is 4949
Martin Ratio Rank

SSO
The Risk-Adjusted Performance Rank of SSO is 4949
Overall Rank
The Sharpe Ratio Rank of SSO is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of SSO is 5151
Sortino Ratio Rank
The Omega Ratio Rank of SSO is 5252
Omega Ratio Rank
The Calmar Ratio Rank of SSO is 4949
Calmar Ratio Rank
The Martin Ratio Rank of SSO is 4848
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

SPUU vs. SSO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P 500 Bull 2x Shares (SPUU) and ProShares Ultra S&P 500 (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.


The chart of Sharpe ratio for SPUU, currently valued at 0.30, compared to the broader market-1.000.001.002.003.004.00
SPUU: 0.30
SSO: 0.28
The chart of Sortino ratio for SPUU, currently valued at 0.68, compared to the broader market-2.000.002.004.006.008.00
SPUU: 0.68
SSO: 0.65
The chart of Omega ratio for SPUU, currently valued at 1.10, compared to the broader market0.501.001.502.002.50
SPUU: 1.10
SSO: 1.10
The chart of Calmar ratio for SPUU, currently valued at 0.33, compared to the broader market0.002.004.006.008.0010.0012.00
SPUU: 0.33
SSO: 0.31
The chart of Martin ratio for SPUU, currently valued at 1.27, compared to the broader market0.0020.0040.0060.00
SPUU: 1.27
SSO: 1.18

The current SPUU Sharpe Ratio is 0.30, which is comparable to the SSO Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of SPUU and SSO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.30
0.28
SPUU
SSO

Dividends

SPUU vs. SSO - Dividend Comparison

SPUU's dividend yield for the trailing twelve months is around 0.73%, less than SSO's 1.00% yield.


TTM20242023202220212020201920182017201620152014
SPUU
Direxion Daily S&P 500 Bull 2x Shares
0.73%0.55%0.83%0.88%3.04%8.03%1.80%5.50%6.96%8.08%1.26%0.00%
SSO
ProShares Ultra S&P 500
1.00%0.85%0.18%0.50%0.18%0.20%0.50%0.75%0.39%0.51%0.63%0.32%

Drawdowns

SPUU vs. SSO - Drawdown Comparison

The maximum SPUU drawdown since its inception was -59.35%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for SPUU and SSO. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-22.65%
-22.77%
SPUU
SSO

Volatility

SPUU vs. SSO - Volatility Comparison

Direxion Daily S&P 500 Bull 2x Shares (SPUU) and ProShares Ultra S&P 500 (SSO) have volatilities of 27.63% and 28.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%25.00%30.00%NovemberDecember2025FebruaryMarchApril
27.63%
28.06%
SPUU
SSO