SSO vs. XTJL
Compare and contrast key facts about ProShares Ultra S&P500 (SSO) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL).
SSO and XTJL 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. It was launched on Jun 19, 2006. XTJL is an actively managed fund by Innovator. It was launched on Jul 1, 2021.
Performance
SSO vs. XTJL - Performance Comparison
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SSO vs. XTJL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SSO ProShares Ultra S&P500 | -8.90% | 26.19% | 43.48% | 46.65% | -38.98% | 21.49% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | -0.71% | 15.42% | 14.43% | 25.72% | -15.66% | 7.28% |
Returns By Period
In the year-to-date period, SSO achieves a -8.90% return, which is significantly lower than XTJL's -0.71% 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%
XTJL
- 1D
- 0.66%
- 1M
- -1.72%
- YTD
- -0.71%
- 6M
- 1.81%
- 1Y
- 16.00%
- 3Y*
- 14.59%
- 5Y*
- —
- 10Y*
- —
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SSO vs. XTJL - Expense Ratio Comparison
SSO has a 0.87% expense ratio, which is higher than XTJL's 0.79% expense ratio.
Return for Risk
SSO vs. XTJL — Risk / Return Rank
SSO
XTJL
SSO vs. XTJL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P500 (SSO) and Innovator U.S. Equity Accelerated Plus ETF - July (XTJL). 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 | XTJL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 0.88 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.27 | 1.41 | -0.14 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.22 | 1.18 | +0.04 |
Martin ratioReturn relative to average drawdown | 5.19 | 7.45 | -2.26 |
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 | XTJL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 0.88 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.57 | -0.19 |
Correlation
The correlation between SSO and XTJL is 0.95, 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. XTJL - Dividend Comparison
SSO's dividend yield for the trailing twelve months is around 0.81%, while XTJL has not paid dividends to shareholders.
| 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% |
XTJL Innovator U.S. Equity Accelerated Plus ETF - July | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SSO vs. XTJL - Drawdown Comparison
The maximum SSO drawdown since its inception was -84.67%, which is greater than XTJL's maximum drawdown of -23.24%. Use the drawdown chart below to compare losses from any high point for SSO and XTJL.
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Drawdown Indicators
| SSO | XTJL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.67% | -23.24% | -61.43% |
Max Drawdown (1Y)Largest decline over 1 year | -23.17% | -13.81% | -9.36% |
Max Drawdown (5Y)Largest decline over 5 years | -46.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -59.34% | — | — |
Current DrawdownCurrent decline from peak | -12.18% | -2.12% | -10.06% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -4.18% | -15.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.44% | 2.19% | +3.25% |
Volatility
SSO vs. XTJL - Volatility Comparison
ProShares Ultra S&P500 (SSO) has a higher volatility of 10.69% compared to Innovator U.S. Equity Accelerated Plus ETF - July (XTJL) at 4.50%. This indicates that SSO's price experiences larger fluctuations and is considered to be riskier than XTJL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSO | XTJL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.69% | 4.50% | +6.19% |
Volatility (6M)Calculated over the trailing 6-month period | 18.99% | 6.30% | +12.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.46% | 18.18% | +18.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.66% | 15.46% | +18.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.86% | 15.46% | +20.40% |