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SSO vs USLX

ProShares Ultra S&P500

SSOBNYSE Arca

Corgi U.S. Large-Cap 2x Daily ETF

USLXCCboe

Overlap

0.0%by weight

Expense ratio

USLX −0.64pt a year

SSO0.84%USLX0.20%

Avg volume · 30D

SSO 1743.7×the volume

SSO3.19MUSLX1.83K

SSO vs USLX Performance

Jul 31, 2026 – Oct 30, 2026

+1.2%SSO−0.3%USLX

Jul 31, 2026 to Oct 30, 2026. SSO +1.2%. USLX −0.3%. Use the arrow keys to read each point.4%6%8%Jul 2026Sep 2026Oct 2026
Expense ratio
SSO 0.84%
USLX 0.20%, better
Fund size
SSO $8.45B
USLX $2M
1Y total return
SSO +16.8%
USLX No data
Yield (12M)
SSO 0.70%
USLX No data
Holdings
SSO 511
USLX 1
Avg volume (30D)
SSO 3.19M sh, better
USLX 1.83K sh
NAV per share
SSO $67.67
USLX $23.93
52W range

ETF.net Grade

SSO: Cost 59, Risk 63, Mission 84, Tradability 82, Holdings 78, Durability 77. USLX: Cost 94, Risk 63, Mission not scored, Tradability 27, Holdings not scored, Durability 21.
Pillar letters and Scores for SSO, USLX, with each pillar’s weight
PillarSSOUSLX
Cost30% weightB59A94Higher
Mission25% weightA84Not scored
Risk15% weightB63B63
Tradability15% weightA82HigherD27
Holdings10% weightA78Not scored
Durability5% weightA77HigherF21

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 USLX 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 USLX 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 5CUSGXCorgi U.S. Growth 2x Daily ETFScore 40
  4. Rank 5CUSLXCorgi U.S. Large-Cap 2x Daily ETFScore 40
  5. Rank 7DMVPLMiller Value Partners Leverage ETFScore 31

Our read on each fund

ETF.net Research

SSOBProShares Ultra S&P500

USLXCCorgi U.S. Large-Cap 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.

USLX 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.

USLX 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

USLX 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.

USLX No data

Full SSO profile⁠

Full USLX profile⁠

SSO vs USLX Holdings

How SSO and USLX differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of SSO and 0.0% of USLX.

Level by level

  • Holdings0 in both0.0%
  • Asset classEquity100%
  • Countryby domicile99.5%

Sector

No Sector split for USLX.

Country, concentration and asset class

Country by domicile

Country weights in SSO and USLX, widest gap first
CountryMore in SSOMore in USLX
United StatesUSLX +0.5 points
SwitzerlandSSO +0.3 points
ChinaSSO +0.1 points
MexicoSSO +0.1 points
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • SSO49.3%
  • USLX198.9%

Securities held

  • SSO510
  • USLX0

Asset class

SSO
Equity
USLX
Equity

Holdings

  • Only in SSO510
  • In both0
  • Only in USLX0

Only in SSO

510 securities, 90.1% of SSO by weight

  • Proshares Genius Mny Mkt Etf15.52%
  • Apple Inc5.39%
  • NVIDIA Corp5.31%

Only in USLX

0 securities, 0.0% of USLX by weight

Weight gaps

SSO and USLX share no securities.

All 521 SSO holdings⁠All 15 USLX 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 USLX Cost

Overpaying SSO vs USLX

$11,874

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

  • SSO 0.84%

    $16,029

  • USLX 0.20%

    $4,155

$10,000
30 years

Cost over time

  • SSO 0.84%
  • USLX 0.20%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530SSO $16,029USLX $4,155

Year by year

YearSSOUSLXOverpaying
10$1,491$365$1,126
20$5,643$1,421$4,222
30$16,029$4,155$11,874

Expense ratio

  • 0.84%SSO
  • 0.20%USLX, cheaper
  • Middle half of 2x/3x Long S&P 500 funds
  • Median 0.84%

USLX cheapest of 7 funds

SSO 4th cheapest of 7 funds

SSO vs USLX Dividends

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

No distribution history available.

SSO vs USLX 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%USLX No data
Return per unit of riskSharpe ratio, 3 years
SSO 1.29USLX No data
Worst fallMax drawdown, 5 years
SSO −46.7%USLX No data
Market sensitivityBeta, 5 years
SSO 2.02USLX 1.82

SSO and USLX in the news

All news⁠

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