SSO vs. BRKL

Last updated Aug 2, 2026

SSO (ProShares Ultra S&P500) and BRKL (Corgi BRKB 2x Daily ETF) are both Leveraged Equities funds. SSO is passively managed, while BRKL is actively managed. Their -0.11 correlation means they have often moved in opposite directions in the past. SSO charges 0.87%/yr vs 0.45%/yr for BRKL.

Performance

SSO vs. BRKL - Performance Comparison

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

Returns By Period

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%

BRKL

• 1D: 0.85%
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
BRKL Corgi BRKB 2x Daily ETF	$853.16	$14.75K	$14.75K
SSO ProShares Ultra S&P500	$177.82M	$191.16M	$223.05M

SSO vs. BRKL - Yearly Performance Comparison

	2026 (YTD)
SSO ProShares Ultra S&P500	-1.72%
BRKL Corgi BRKB 2x Daily ETF	1.48%

Correlation

The correlation between SSO and BRKL is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 7, 2026	-0.11

Return for Risk

SSO vs. BRKL — Risk / Return Rank

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

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

BRKL

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SSO vs. BRKL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P500 (SSO) and Corgi BRKB 2x Daily ETF (BRKL). 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.

	SSO	BRKL	Difference
Sharpe ratio: Return per unit of total volatility	1.29	—	—
Sortino ratio: Return per unit of downside risk	1.79	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.81	—	—
Martin ratio: Return relative to average drawdown	7.25	—	—

Drawdowns

SSO vs. BRKL - Drawdown Comparison

The maximum SSO drawdown since its inception was -84.67%, which is greater than BRKL's maximum drawdown of -7.03%. Use the drawdown chart below to compare losses from any high point for SSO and BRKL.

Drawdown Indicators

	SSO	BRKL	Difference
Max Drawdown Largest peak-to-trough decline	-84.67%	-7.03%	-77.64%
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	-4.07%	-0.13%	-3.94%
Average Drawdown Average peak-to-trough decline	-19.45%	-4.14%	-15.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	—	—

Volatility

Volatility by Period

	SSO	BRKL	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	25.63%	30.99%	-5.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.88%	30.99%	+2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.91%	30.99%	+4.92%

SSO vs. BRKL - Expense Ratio Comparison

SSO has a 0.87% expense ratio, which is higher than BRKL's 0.45% expense ratio.

Dividends

SSO vs. BRKL - Dividend Comparison

SSO's dividend yield for the trailing twelve months is around 0.67%, while BRKL has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRKL Corgi BRKB 2x 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	0.67%	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 SSO and BRKL in my portfolio?

SSO and BRKL have a correlation of -0.11, 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 BRKL?

On fees, BRKL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SSO or BRKL?

BRKL is cheaper with a 0.45% expense ratio, compared with 0.87% for SSO.

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

SSO has the higher dividend yield at 0.67%, compared with 0.00% for BRKL.

What is the main difference between SSO and BRKL?

They also come from different issuers: ProShares and Corgi. Their fees differ too: 0.87% for SSO and 0.45% for BRKL.