SSO vs. ABNG

Last updated Jun 4, 2026

SSO (ProShares Ultra S&P500) and ABNG (Leverage Shares 2x Long ABNB Daily ETF) are both Leveraged Equities funds. SSO is passively managed, while ABNG is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. SSO charges 0.87%/yr vs 0.75%/yr for ABNG.

Performance

SSO vs. ABNG - Performance Comparison

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

Returns By Period

In the year-to-date period, SSO achieves a 19.37% return, which is significantly higher than ABNG's -12.31% return.

SSO

• 1D: -1.40%
• 1M: 9.75%
• YTD: 19.37%
• 6M: 18.81%
• 1Y: 52.69%
• 3Y*: 37.56%
• 5Y*: 19.62%
• 10Y*: 24.21%

ABNG

• 1D: -0.92%
• 1M: -8.78%
• YTD: -12.31%
• 6M: 10.42%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SSO vs. ABNG - Yearly Performance Comparison

	2026 (YTD)	2025
SSO ProShares Ultra S&P500	19.37%	4.69%
ABNG Leverage Shares 2x Long ABNB Daily ETF	-12.31%	30.68%

Correlation

The correlation between SSO and ABNG is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.53

Return for Risk

SSO vs. ABNG — Risk / Return Rank

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

SSO

SSO Risk / Return Rank: 62
SSO Sharpe Ratio Rank: 66
SSO Sortino Ratio Rank: 59
SSO Omega Ratio Rank: 60
SSO Calmar Ratio Rank: 58
SSO Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSO vs. ABNG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P500 (SSO) and Leverage Shares 2x Long ABNB Daily ETF (ABNG). 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.

	SSO	ABNG	Difference
Sharpe ratio: Return per unit of total volatility	2.25	—	—
Sortino ratio: Return per unit of downside risk	2.86	—	—
Omega ratio: Gain probability vs. loss probability	1.38	—	—
Calmar ratio: Return relative to maximum drawdown	2.91	—	—
Martin ratio: Return relative to average drawdown	12.80	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SSO	ABNG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.25	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.46	-0.04

Drawdowns

SSO vs. ABNG - Drawdown Comparison

The maximum SSO drawdown since its inception was -84.67%, which is greater than ABNG's maximum drawdown of -33.03%. Use the drawdown chart below to compare losses from any high point for SSO and ABNG.

Drawdown Indicators

	SSO	ABNG	Difference
Max Drawdown Largest peak-to-trough decline	-84.67%	-33.03%	-51.64%
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 Drawdown Current decline from peak	-1.40%	-17.35%	+15.95%
Average Drawdown Average peak-to-trough decline	-19.57%	-11.73%	-7.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	—	—

Volatility

Volatility by Period

	SSO	ABNG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.60%	63.13%	-39.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.65%	63.13%	-29.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.89%	63.13%	-27.24%

SSO vs. ABNG - Expense Ratio Comparison

SSO has a 0.87% expense ratio, which is higher than ABNG's 0.75% expense ratio.

Dividends

SSO vs. ABNG - Dividend Comparison

SSO's dividend yield for the trailing twelve months is around 0.62%, while ABNG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABNG Leverage Shares 2x Long ABNB 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	0.62%	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 SSO and ABNG in my portfolio?

SSO and ABNG have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SSO or ABNG?

On fees, ABNG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SSO or ABNG?

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

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

SSO has the higher dividend yield at 0.62%, compared with 0.00% for ABNG.

What is the main difference between SSO and ABNG?

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