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Leveraged ETFs usually underperform over the long term due to daily volatility. Semiconductors ETFs had the largest decay in one month. ProShares Ultra S&P500 has shown moderate negative drift since its inception, but a large drawdown and underperformance in simulations dating back to 2000.
The S&P 500 had a stunning year, passive market-cap weighted indexing worked historically well. ProShares Ultra S&P500 ETF is a 200% leveraged ETF, and the compounding effects can be significant. The SSO ETF offers increased exposure to US large-caps but carries risks including counterparty risk and potential expense ratio impact.
ProShares Ultra S&P500 ETF is a leveraged exchange-traded fund designed to offer a 2x return on a daily basis as compared to the S&P 500. It mimics the index and has had a negligible drift. The S&P 500 is a little overweight in tech-focused large-caps, which are expected to do well over the next decade. However, the SSO ETF's returns may differ in the long run. SSO provided robust total returns during 2023 and double-digit returns over a longer time period. A renewed sense of bullishness makes it more attractive.
The AMI market risk indicator is risk-on since December 2. The S&P 500 is in uptrend since the October bottom. Simulations of the AMI strategy for two S&P 500 ETFs, non-leveraged SPY, and 2X leveraged SSO, are presented.
FAQ
- What is SSO ETF?
- Does SSO pay dividends?
- What stocks are in SSO ETF?
- What is the current assets under management for SSO?
- What is SSO average volume?
- What is SSO expense ratio?
- What is SSO inception date?