SSO vs. ULPIX
Compare and contrast key facts about ProShares Ultra S&P500 (SSO) and ProFunds UltraBull Fund (ULPIX).
SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500. It was launched on Jun 19, 2006. ULPIX is managed by ProFunds. It was launched on Nov 25, 1997.
Performance
SSO vs. ULPIX - Performance Comparison
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SSO vs. ULPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSO ProShares Ultra S&P500 | -8.90% | 26.19% | 43.48% | 46.65% | -38.98% | 60.57% | 21.54% | 63.45% | -14.60% | 44.35% |
ULPIX ProFunds UltraBull Fund | -10.31% | 25.47% | 38.03% | 45.59% | -39.16% | 59.28% | 19.12% | 62.17% | -15.02% | 42.77% |
Returns By Period
In the year-to-date period, SSO achieves a -8.90% return, which is significantly higher than ULPIX's -10.31% return. Over the past 10 years, SSO has outperformed ULPIX with an annualized return of 21.24%, while ULPIX has yielded a comparatively lower 19.67% annualized return.
SSO
- 1D
- 1.48%
- 1M
- -9.07%
- YTD
- -8.90%
- 6M
- -6.36%
- 1Y
- 27.41%
- 3Y*
- 28.90%
- 5Y*
- 15.68%
- 10Y*
- 21.24%
ULPIX
- 1D
- 5.82%
- 1M
- -10.47%
- YTD
- -10.31%
- 6M
- -7.88%
- 1Y
- 24.97%
- 3Y*
- 26.11%
- 5Y*
- 13.95%
- 10Y*
- 19.67%
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SSO vs. ULPIX - Expense Ratio Comparison
SSO has a 0.87% expense ratio, which is lower than ULPIX's 1.46% expense ratio.
Return for Risk
SSO vs. ULPIX — Risk / Return Rank
SSO
ULPIX
SSO vs. ULPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P500 (SSO) and ProFunds UltraBull Fund (ULPIX). 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 | ULPIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 0.71 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.21 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.18 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.17 | +0.05 |
Martin ratioReturn relative to average drawdown | 5.19 | 5.03 | +0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SSO | ULPIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.71 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.41 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.56 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.22 | +0.16 |
Correlation
The correlation between SSO and ULPIX is 0.99, 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.
Dividends
SSO vs. ULPIX - Dividend Comparison
SSO's dividend yield for the trailing twelve months is around 0.81%, less than ULPIX's 10.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSO ProShares Ultra S&P500 | 0.81% | 0.68% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% |
ULPIX ProFunds UltraBull Fund | 10.16% | 9.11% | 0.00% | 0.02% | 10.36% | 5.62% | 12.74% | 0.42% | 0.58% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSO vs. ULPIX - Drawdown Comparison
The maximum SSO drawdown since its inception was -84.67%, smaller than the maximum ULPIX drawdown of -89.68%. Use the drawdown chart below to compare losses from any high point for SSO and ULPIX.
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Drawdown Indicators
| SSO | ULPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.67% | -89.68% | +5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -23.17% | -23.37% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -46.73% | -46.92% | +0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -59.34% | -59.41% | +0.07% |
Current DrawdownCurrent decline from peak | -12.18% | -13.54% | +1.36% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -34.03% | +14.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 5.42% | +0.02% |
Volatility
SSO vs. ULPIX - Volatility Comparison
ProShares Ultra S&P500 (SSO) and ProFunds UltraBull Fund (ULPIX) have volatilities of 10.69% and 10.64%, 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.
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Volatility by Period
| SSO | ULPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.69% | 10.64% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 18.99% | 19.05% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.46% | 36.79% | -0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.66% | 33.93% | -0.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.86% | 35.41% | +0.45% |