SSO vs. NTSD

Last updated Jun 4, 2026

SSO (ProShares Ultra S&P500) and NTSD (WisdomTree Efficient U.S. Plus International Equity Fund) are both Leveraged Equities funds. SSO is passively managed, while NTSD is actively managed. Their correlation of 0.93 suggests significant overlap in exposure. SSO charges 0.87%/yr vs 0.35%/yr for NTSD.

Performance

SSO vs. NTSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Ultra S&P500 (SSO) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

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%

NTSD

• 1D: 0.35%
• 1M: 6.98%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SSO vs. NTSD - Yearly Performance Comparison

	2026 (YTD)
SSO ProShares Ultra S&P500	29.43%
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	19.23%

Correlation

The correlation between SSO and NTSD is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 20, 2026	0.93

Return for Risk

SSO vs. NTSD — 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. NTSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P500 (SSO) and WisdomTree Efficient U.S. Plus International Equity Fund (NTSD). 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	NTSD	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	NTSD	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	5.75	-5.34

Drawdowns

SSO vs. NTSD - Drawdown Comparison

The maximum SSO drawdown since its inception was -84.67%, which is greater than NTSD's maximum drawdown of -5.20%. Use the drawdown chart below to compare losses from any high point for SSO and NTSD.

Drawdown Indicators

	SSO	NTSD	Difference
Max Drawdown Largest peak-to-trough decline	-84.67%	-5.20%	-79.47%
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%	0.00%	-1.40%
Average Drawdown Average peak-to-trough decline	-19.57%	-0.84%	-18.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	—	—

Volatility

Volatility by Period

	SSO	NTSD	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%	24.31%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.65%	24.31%	+9.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.89%	24.31%	+11.58%

SSO vs. NTSD - Expense Ratio Comparison

SSO has a 0.87% expense ratio, which is higher than NTSD's 0.35% expense ratio.

Dividends

SSO vs. NTSD - Dividend Comparison

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

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NTSD WisdomTree Efficient U.S. Plus International Equity Fund	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 NTSD in my portfolio?

With a correlation of 0.93, SSO and NTSD move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, SSO or NTSD?

On fees, NTSD is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SSO or NTSD?

NTSD is cheaper with a 0.35% expense ratio, compared with 0.87% for SSO.

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

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

What is the main difference between SSO and NTSD?

They also come from different issuers: ProShares and WisdomTree. Their fees differ too: 0.87% for SSO and 0.35% for NTSD.