SSO vs. SPUU
Compare and contrast key facts about ProShares Ultra S&P 500 (SSO) and Direxion Daily S&P 500 Bull 2x Shares (SPUU).
SSO and SPUU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (200%). It was launched on Jun 21, 2006. SPUU is a passively managed fund by Direxion that tracks the performance of the S&P 500 Index (200%). It was launched on May 28, 2014. Both SSO and SPUU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SSO or SPUU.
Performance
SSO vs. SPUU - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SSO having a 45.94% return and SPUU slightly higher at 46.58%. Both investments have delivered pretty close results over the past 10 years, with SSO having a 19.97% annualized return and SPUU not far ahead at 20.37%.
SSO
45.94%
1.27%
19.84%
59.76%
22.59%
19.97%
SPUU
46.58%
1.33%
20.10%
60.51%
23.11%
20.37%
Key characteristics
| SSO | SPUU | |
|---|---|---|
| Sharpe Ratio | 2.56 | 2.62 |
| Sortino Ratio | 3.13 | 3.20 |
| Omega Ratio | 1.43 | 1.44 |
| Calmar Ratio | 3.17 | 3.34 |
| Martin Ratio | 15.64 | 15.95 |
| Ulcer Index | 3.98% | 3.95% |
| Daily Std Dev | 24.33% | 24.05% |
| Max Drawdown | -84.67% | -59.35% |
| Current Drawdown | -2.97% | -2.97% |
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SSO vs. SPUU - Expense Ratio Comparison
SSO has a 0.90% expense ratio, which is higher than SPUU's 0.64% expense ratio.
Correlation
The correlation between SSO and SPUU 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.
Risk-Adjusted Performance
SSO vs. SPUU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 (SSO) and Direxion Daily S&P 500 Bull 2x Shares (SPUU). 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.
Dividends
SSO vs. SPUU - Dividend Comparison
SSO's dividend yield for the trailing twelve months is around 0.70%, more than SPUU's 0.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSO ProShares Ultra S&P 500 | 0.70% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% | 0.26% |
SPUU Direxion Daily S&P 500 Bull 2x Shares | 0.67% | 0.83% | 0.88% | 3.04% | 8.03% | 1.80% | 5.50% | 6.96% | 8.08% | 1.26% | 0.00% | 0.00% |
Drawdowns
SSO vs. SPUU - Drawdown Comparison
The maximum SSO drawdown since its inception was -84.67%, which is greater than SPUU's maximum drawdown of -59.35%. Use the drawdown chart below to compare losses from any high point for SSO and SPUU. For additional features, visit the drawdowns tool.
Volatility
SSO vs. SPUU - Volatility Comparison
ProShares Ultra S&P 500 (SSO) and Direxion Daily S&P 500 Bull 2x Shares (SPUU) have volatilities of 8.19% and 8.20%, 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.