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SSO vs USGX

ProShares Ultra S&P500

SSOBNYSE Arca

Corgi U.S. Growth 2x Daily ETF

USGXCCboe

Overlap

Expense ratio

USGX −0.39pt a year

SSO0.84%USGX0.45%

Avg volume · 30D

SSO 28491.6×the volume

SSO3.19MUSGX112

SSO vs USGX Performance

Jul 31, 2026 – Oct 30, 2026

+1.2%SSO−3.7%USGX

Jul 31, 2026 to Oct 30, 2026. SSO +1.2%. USGX −3.7%. Use the arrow keys to read each point.5%10%15%Jul 2026Sep 2026Oct 2026
Expense ratio
SSO 0.84%
USGX 0.45%, better
Fund size
SSO $8.45B
USGX $0
1Y total return
SSO +16.8%
USGX No data
Yield (12M)
SSO 0.70%
USGX No data
Holdings
SSO 511
USGX 1
Avg volume (30D)
SSO 3.19M sh, better
USGX 112 sh
NAV per share
SSO $67.67
USGX $21.21
52W range

ETF.net Grade

SSO: Cost 59, Risk 63, Mission 84, Tradability 82, Holdings 78, Durability 77. USGX: Cost 84, Risk 33, Mission not scored, Tradability 16, Holdings not scored, Durability 17.
Pillar letters and Scores for SSO, USGX, with each pillar’s weight
PillarSSOUSGX
Cost30% weightB59A84Higher
Mission25% weightA84Not scored
Risk15% weightB63HigherD33
Tradability15% weightA82HigherF16
Holdings10% weightA78Not scored
Durability5% weightA77HigherF17

Rank among 2x/3x Long S&P 500 funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. SSO and USGX are both graded against the same 7 2x/3x Long S&P 500 funds, so their Grades compare head to head.

2x/3x Long S&P 500⁠

Category · 7 funds
See all 7 ›

SSO ranks 1st and USGX 5th of 7 funds in the 2x/3x Long S&P 500 Category.

  1. Rank 1BSSOProShares Ultra S&P500Score 66
  2. Rank 2BSPUUDirexion Daily S&P 500 Bull 2X ETFScore 63
  3. Rank 3CUPROProShares UltraPro S&P500Score 55
  4. Rank 5CUSGXCorgi U.S. Growth 2x Daily ETFScore 40
  5. Rank 5CUSLXCorgi U.S. Large-Cap 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

SSOBProShares Ultra S&P500

USGXCCorgi U.S. Growth 2x Daily ETF

In short

SSO The 2x S&P 500 trade in its original wrapper: ProShares has run SSO since 2006, resetting the leverage every single day. Half the dial of the 3x crowd, at 0.84% net of a waiver through September 30, 2027.

USGX No data

Stated mandate

SSO The fund seeks daily investment results, before fees and expenses, corresponding to twice the daily performance of the S&P 500.

USGX No data

Why people hold it

  • SSO Mechanically plain: it aims for twice the S&P 500's move each day, then resets. Half the daily dial of the 3x versions, UPRO and SPXL.proshares.com
  • Holds roughly 500 S&P 500 stocks plus swaps for the extra exposure, and has tracked its daily target tightly, among the stronger builds in its peer group.proshares.com
  • Size and volume are on its side: a multi-billion-dollar fund that changes hands actively every session.
  • Trading since 2006, part of the original ProShares leveraged lineup, so there is a long record across several market cycles.sec.gov

USGX No data

Worth knowing

  • SSO The daily reset is the whole game. Hold longer than a day and compounding means your result can differ from 2x the index move, especially in choppy markets.proshares.com
  • Leverage cuts both ways: a one-day drop in the S&P 500 is doubled in the fund, before fees.proshares.com
  • 0.84% net of a waiver through September 30, 2027 (0.88% gross), near the category median. SPUU runs 0.60% net of a waiver through September 1, 2027 for the same 2x target.

USGX No data

Full SSO profile⁠

Full USGX profile⁠

SSO vs USGX Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

SSO vs USGX Cost

Overpaying SSO vs USGX

$6,988

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • SSO 0.84%

    $16,029

  • USGX 0.45%

    $9,041

$10,000
30 years

Cost over time

  • SSO 0.84%
  • USGX 0.45%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SSO $16,029USGX $9,041

Year by year

YearSSOUSGXOverpaying
10$1,491$812$679
20$5,643$3,128$2,515
30$16,029$9,041$6,988

Expense ratio

  • 0.84%SSO
  • 0.45%USGX, cheaper
  • Middle half of 2x/3x Long S&P 500 funds
  • Median 0.84%

USGX 2nd cheapest of 7 funds

SSO 4th cheapest of 7 funds

SSO vs USGX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
SSO 0.70%
USGX No data
Payout (12M)
SSO $0.48
USGX None
Last payment
SSO $0.12
USGX No data
Ex-dividend
SSO Sep 23, 2026
USGX No data
Paid on
SSO Sep 29, 2026
USGX No data
Frequency
SSO Quarterly
USGX No data

Distribution history

Per share, 2017 to 2026, same scale for both

SSOQuarterly · 16 paymentsAll SSO payments⁠
One bar per payment. 16 payments from 2017 to 2026 YTD. Dec 24, 2019 $0.03; Mar 25, 2020 $0.02; Dec 23, 2020 $0.02; Mar 23, 2022 $0.02; Dec 22, 2022 $0.09; Dec 20, 2023 $0.06; Mar 20, 2024 $0.09; Jun 26, 2024 $0.10; Dec 23, 2024 $0.12; Mar 26, 2025 $0.08; Jun 25, 2025 $0.10; Sep 24, 2025 $0.09; Dec 24, 2025 $0.12; Mar 25, 2026 $0.11; Jun 24, 2026 $0.13; Sep 23, 2026 $0.12. Use the arrow keys to read each point.$0$0.102017202020232026YTD
USGXAll USGX payments⁠

No distribution history available.

SSO vs USGX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
SSO 25.2%USGX No data
Return per unit of riskSharpe ratio, 3 years
SSO 1.29USGX No data
Worst fallMax drawdown, 5 years
SSO −46.7%USGX No data
Market sensitivityBeta, 5 years
SSO 2.02USGX 1.76

SSO and USGX in the news

All news⁠

Popular comparisons

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