URSP vs. SSO
URSP (ProShares Ultra S&P 500 Equal Weight ETF) and SSO (ProShares Ultra S&P500) are both Leveraged Equities funds from ProShares - URSP tracks the S&P 500 Equal Weight Index while SSO tracks the S&P 500. Both are passively managed. Their 0.66 correlation means they have sometimes moved together and sometimes differently. URSP charges 0.95%/yr vs 0.87%/yr for SSO.
Performance
URSP vs. SSO - Performance Comparison
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Returns By Period
In the year-to-date period, URSP achieves a 22.76% return, which is significantly higher than SSO's 16.14% return.
URSP
- 1D
- -0.29%
- 1M
- -0.25%
- 6M
- 15.52%
- YTD
- 22.76%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $177.82M | $191.16M | $223.05M | |
| $2.68M | $2.91M | $2.10M |
URSP vs. SSO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
URSP ProShares Ultra S&P 500 Equal Weight ETF | 22.76% | 1.59% |
SSO ProShares Ultra S&P500 | 16.14% | 10.32% |
Correlation
The correlation between URSP and SSO is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 27, 2025 | 0.66 |
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Return for Risk
URSP vs. SSO — Risk / Return Rank
URSP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SSO
URSP vs. SSO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Ultra S&P 500 Equal Weight ETF (URSP) and ProShares Ultra S&P500 (SSO). 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.
| URSP | SSO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.81 | — |
| Martin ratioReturn relative to average drawdown | — | 7.25 | — |
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Drawdowns
URSP vs. SSO - Drawdown Comparison
The maximum URSP drawdown since its inception was -15.72%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for URSP and SSO.
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Drawdown Indicators
| URSP | SSO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.72% | -84.67% | +68.95% |
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 DrawdownCurrent decline from peak | -2.52% | -4.07% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -2.89% | -19.45% | +16.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.54% | — |
Volatility
URSP vs. SSO - Volatility Comparison
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Volatility by Period
| URSP | SSO | 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 | 23.34% | 25.63% | -2.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.34% | 33.88% | -10.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.34% | 35.91% | -12.57% |
URSP vs. SSO - Expense Ratio Comparison
URSP has a 0.95% expense ratio, which is higher than SSO's 0.87% expense ratio.
Dividends
URSP vs. SSO - Dividend Comparison
URSP's dividend yield for the trailing twelve months is around 0.91%, more than SSO's 0.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
URSP ProShares Ultra S&P 500 Equal Weight ETF | 0.91% | 0.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
URSP and SSO have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SSO is cheaper at 0.87% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SSO is cheaper with a 0.87% expense ratio, compared with 0.95% for URSP.
URSP has the higher dividend yield at 0.91%, compared with 0.67% for SSO.
URSP tracks S&P 500 Equal Weight Index, while SSO tracks S&P 500. Their fees differ too: 0.95% for URSP and 0.87% for SSO.
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